The U.S. tax code provides different incentives for public and privately held companies, and knowing what accounting methods to use can positively impact your company’s profitability. In this week’s ISSA Educational Quick Clip video, learn about trends in inventory accounting, how to account for bad debt, and the general difference between accounting and taxes.
About the Presenter
Dr. Bart A. Basi is an expert on closely-held companies, an attorney, a Certified Public Accountant, and the senior advisor for the Center for Financial, Legal, and Tax Planning, Inc. He is a member of the American Bar Association's Tax Committees on Closely-Held Businesses and Business Planning. For more information, visit www.taxplanning.com.
