About this episode

Marcus Crigler explains the impact of cash-basis and accrual-basis accounting on tax recognition and payment.

In Part 6 of the Tax Strategy Series, Marcus Crigler explains how the choice between cash-basis and accrual-basis accounting can affect when income is recognized and taxed. Listen as Marcus breaks down the differences between cash and accrual accounting in simple terms, explains how coaching revenue is treated under each method, and shares why some business owners may be paying taxes on income before they've fully delivered their services. You'll Learn How To: Understand the difference betwee...

People in this episode

Host: Marcus Crigler

Topics covered

• tax strategy
• accounting methods
• cash-basis accounting
• accrual-basis accounting
• business taxes
• coaching revenue

Keywords

• tax strategy
• cash-basis accounting
• accrual-basis accounting
• business taxes
• coaching revenue
• tax bills
• income recognition

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