Advisors meet to review financial performance results

Accounting Methods

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Updates from the Statutory Accounting Principles Working Group’s December 2025 fall national meeting

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Artificial intelligence: Exploring the uses, risks and rewards to advance your organization

Updates from the Statutory Accounting Principles Working Group’s August 2025 summer national meeting and May 2025 interim meeting

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Updates from the Statutory Accounting Principles Working Group’s March 2025 spring national meeting

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Digital tools: phone, computer and notepad

2025 insurance industry outlook: Key trends and strategic insights for insurers

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Updates from the Statutory Accounting Principles Working Group’s Aug. 13 summer national meeting and the NAIC/AICPA (E) Working Group

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Updates from the Statutory Accounting Principles Working Group’s March 16 spring national meeting

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Updates from the Statutory Accounting Principles Working Group’s Jan. 10 interim meeting

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aerial view people at long table collaboration

Updates from the Statutory Accounting Principles Working Group’s Dec. 1 fall national meeting

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Accounting update to long-duration insurance contracts

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Updates from the National Association of Insurance Commissioners’ 2023 summer national meeting

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Group of professionals meeting with tablet and charts

Important accounting method updates and reminders for 2023

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2022 accounting method issues and developments

Case Study

Baker Tilly assists emerging growth technology company with $300 million sale

Webinar

team meeting around a computer to analyze data

Insurance hot topics virtual series: accounting, tax and statutory update

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2020 year-end tax letter men looking at accounting graphs

Proposed regulations issued to implement TCJA small business taxpayer simplified accounting methods

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Opportunity zones – reminder of COVID-19 relief and remaining areas of uncertainty

Case Study

Change in accounting method nets rental real estate developer $2.3 million tax deduction on stagnant property

Case Study

Accounting method change cuts inventory costs 30 percent

Our accounting methods professionals specialize in identifying, substantiating and documenting federal accounting method changes. By ascertaining and employing the most favorable methods of accounting, we can accelerate deductions and defer revenues to significantly increase a company’s cash flow.

Regardless of a company’s financial and operating status, tax planning can provide a variety of strategies to help companies preserve, acquire or maximize cash. Implementing an accounting methods change is one such strategy.

We help not only existing businesses establish beneficial tax accounting methods, but also startup, acquired and reorganized companies adopt efficient methods as they begin anew.

Our accounting method services:

Income

ASC 606 revenue recognition tax implementations
Tax reform revenue recognition and small business simplification amendments
Advance payments (gift cards, memberships, subscriptions, goods, services)
Long-term contracts

Deductions

Self-insured medical IBNR
Accrued bonuses
Accrued professional fees
Software development costs
Prepaid expenses
Bad debt expenses
Sales incentives, rebates, allowances
Depreciation
Inventory UNICAP, reserves/write-downs
Section 467 rental expenses

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Accounting Methods