Episode 78: Tax Strategy Series - How Investors are Writing Off Massive 2025 Tax Bills...in 2026! - Part 6

In Part 6 of the Tax Strategy Series, Marcus Crigler explains how the choice between cash-basis and accrual-basis accounting can affect when income is recognized and taxed.Listen as Marcus breaks down the differences between cash and accrual accounting in simple terms, explains how coaching revenue is treated under each method, and shares why some business owners may be paying taxes on income before they've fully delivered their services.You'll Learn How To:Understand the difference between cash-basis and accrual-basis accountingRecognize how coaching revenue is taxed under each methodIdentify situations where accrual accounting may lower current-year taxable incomeEvaluate whether changing accounting methods could benefit your businessWhat You'll Learn in This Episode:(03:40) The growing connection between real estate and coaching businesses(05:01) Cash basis vs. accrual basis accounting explained(06:16) How accrual basis accounting works for coaching businesses(07:37) Evaluating what strategy could work for you(08:51) Important limitations before making the switchWho This Episode is For:Real estate investors who offer coaching servicesEntrepreneurs who receive large upfront payments for servicesCoaches interested in improving tax efficiencyWhy You Should Listen:Even if this approach doesn't apply to your business today, understanding the difference between cash and accrual accounting can help you make smarter financial decisions in the future.Connect with Marcus Crigler:Website: https://beccfo.com/LinkedIn: https://www.linkedin.com/in/marcus-crigler-cpa-977a45b7 Facebook: https://facebook.com/marcus.crigler