Inventory is one of the largest line items on a company’s balance sheet and often its most important asset. The U.S. tax code provides the last-in-first-out, or LIFO, accounting method so companies can leverage existing inventory to create cash. For years, the threat of repeal from tax reform or adoption of international accounting standards kept taxpayers from evaluating and implementing this powerful tax strategy. These hurdles have since passed and with it come new opportunity… especially now that inflation is creeping back into the economy.
In this session, participants will learn:
The basics of the LIFO computation
Types of LIFO methodologies
Ideal industries and company fact patterns for adoption
Requirements for use
Ongoing benefits of LIFO vs. Lower of Cost or Market
Please join us for this timely and informative program. Click here to register for this free webinar.