Taxes Explained - The Cash Basis of Accounting

[@mrtickleclown_5229]

Thank you.

[@payneconstructionproperties]

Nice video. I like the cash method because I feel like it gives me some control of how much income I show in the year. If I need to show more income I can carry a credit card balance and pay it off in the next year. If I want to show less income I will try to create more expenses in the current year by buying stuff I will use quickly in the next year.

[@TheVideoCPA]

Thanks for sharing!