Create cash from idle inventory
LIFO Inventory Accounting stimulates business growth
Inventory is one of the largest line items on a balance sheet and often a company’s most important asset. Since 1936, the U.S. tax code has provided the last-in-first-out, or LIFO, accounting method so companies can leverage existing inventory to create cash. SourceHOV Tax was founded more than 30 years ago specifically to help companies take advantage of this federal tax incentive.