Source: Janell Baum, FARM PROGRESS, 2/27/14 Farmers will be exempt from an accounting method change requirement
in the latest tax reform proposal released Wednesday by the House Ways
and Means Committee.
The ag accounting industry watched the process closely, as previous
draft versions included a requirement for businesses with more than $10
million in gross receipts to shift to accrual accounting.For more of this story, Click here. |
