Think Advisor

9058 / What is inventory accounting? What methods are generally used by taxpayers to account for inventory?

Taxpayers that fail the gross receipts test are not eligible for the new rules governing inventory accounting. The $25 million threshold will be indexed annually for inflation; the 2025 amount is $31 ...
Business Wire

Inventory Accounting Services Market: Impact and Recovery Report | Evolving Opportunities and New Market Possibilities Post Pandemic | SpendEdge

LONDON--(BUSINESS WIRE)--SpendEdge forecast the global Inventory Accounting Services market is expected to grow by USD 10,124.28 million as we reach 2024. This is due to the impact of the COVID-19 ...
Accounting Today

Xero acquires inventory mgmt. provider

Cloud accounting software developer Xero Ltd. has acquired inventory management provider Locate Inventory for $19 million. Xero expects to use Locate ’s talent, expertise and inventory-accounting ...
University of Texas at San Antonio

Inventory for Resale: Management Guidelines for Service Centers

To provide guidance on accurately recording the value and minimizing the risk of loss of assets held in inventory by university service centers. UTSA service centers purchase and distribute products ...
Accounting Today

AICPA asks IRS for tax relief for inventory liquidations

The American Institute of CPAs wants the Internal Revenue Service and the Treasury Department to help businesses facing foreign trade obstacles to maintaining inventory during the pandemic. The AICPA ...