Published in Last Word
More than 180 House Members have signed on to a bipartisan letter in support of preserving the cash method of accounting.
ACEC is working to get a majority of the House—218—signed on and urges Council members to lobby their Representatives. Click here for a sample letter.
Recent draft tax reform legislation would limit the use of cash accounting to firms with less than $10 million in revenues and sole proprietors. This change would impose significant cash flow problems on many ACEC Member Firms because the vast majority of their costs are labor-related and must be paid before firms are paid by their clients.
The deadline for Representatives to sign the letter has been extended to September 8th. For more information, contact ACEC Director of Tax and Regulatory Affairs Katharine Mottley.
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