| As we enter the latter part of the year, its time to take a closer look at your business' financial situation and consider potential tax savings strategies. As you evaluate potential credits and tax minimization opportunities, keep in mind that the application of various strategies may differ depending upon your business' unique situation and accounting methods. The cash method allows for deductions and income reported for the year they are paid and received, while the accrual method applies income and expenses in the year incurred. |
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