The monthly and year-end accrual processes of the IRS contribute significantly to meeting the 45-day requirement. The IRS continues to review the accrual process and make refinements. In reviewing the accrual process of the IRS, other agencies and departments will find methods and techniques that ...
· Matching the cash flow of a given quarter (or the actual sales and vendor invoices, for accrual-basis clients) to the related tax liability; · Preventing the common situation of getting to tax-time and having a huge refund or balance due. However, times have changed. We still want fo...