CONTACT US
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
Boone River Financial
512 Second Street
Webster City, IA 50595
Office: 515-832-1319
Fax: 515-832-0319
Email: andy@booneriverfinancial.com
Website: booneriverfinancial.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.
Boone River Financial and LTM Marketing Solutions, LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Marketing Solutions, LLC an unrelated third party. Articles are not written or produced by the named representative.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.