Unlock tax savings and cash flow for your clients with expert LIFO Inventory strategies.Â
LIFO, or Last-In, First-Out, is an inventory accounting method that assumes the most recently acquired inventory is sold first. Under LIFO, the cost of goods sold (COGS) reflects the costs of the most recent purchases, while older inventory costs remain on the balance sheet. This approach is particularly impactful during periods of inflation when inventory costs are rising, as it typically results in:
Our streamlined and turnkey solutions simplify the process from start to finish, handling all technical and administrative details. Their approach minimizes disruption for CPAs, developers, and builders while ensuring timely and accurate completion of certifications and documentation.
Petroleum companies or energy suppliers, where the cost of goods fluctuates due to commodity market dynamics.
