Changes in accounting methods can mean big savings for contractors
August 19, 2018
For contractors, the Tax Cuts and Jobs Act (TCJA) raised the threshold for the requirement to use the percentage-of-completion method (PCM) from $10 million average annual gross receipts (AAGR) to $25 million for contracts starting in 2018. Two changes to note Contractors who were previously required to switch from a deferral method because their AAGR
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