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Bye-bye, cash; hello, accrual? How potential legislation would affect your firm’s finances

$225.00

SKU: LFMfa141. Category: .

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Abstract: Congress is considering tax reform proposals that would require many law firms to move from the cash method to the accrual method of accounting for income tax purposes. Such a change would impose new financial burdens on law firms and their partners — including a large, unexpected tax liability. This article discusses the specific areas of concern for law firms.

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