Choosing between using GAAP or tax-basis for your business

By |2020-03-01T04:14:39+00:00November 11th, 2019|Categories: Articles, Blog|Tags: , , , , |

Most businesses report financial performance using U.S. Generally Accepted Accounting Principles (GAAP). But the income-tax-basis format can save time and money for some private companies. Here’s information to help you choose the financial reporting framework that will work for your situation. What they are GAAP is the most common financial reporting standard in the United [...]