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Wes Parker, EA
AW Parker, P.C.
Forum III Building
1770 Kirby Parkway, Suite 117
Germantown, TN 38138
Phone: 901-794-3528
Fax: 901-794-8354
Email: wes@wesparkeronline.com
2026 Tax Planning Guide
Accounting Methods
If your average annual gross receipts were $32 million or less in the three previous tax years, you can choose either a cash or accrual method of accounting in 2026. In 2025, the limit was an average of $31 million or less. You must use the accrual method if your gross receipts exceed that threshold.
SMART MOVE: Before making a change, weigh the administrative burden, compliance requirements, and timing considerations to ensure a well-informed decision. Speak with your tax professional or see IRS Publication 538 – Accounting Periods and Methods for more information.
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