Write a memo to your cfo indicating the outcome

Reference no: EM133204547 , Length: Word Count: 1500 Words

Assignment - Change of Current Taxation Memo Paper

Description - JIM currently uses the calendar year as its financial and tax annual accounting period. Management, because of the seasonality of sales, wants to change to a fiscal year beginning April 1st through March 31st. You have been asked to review the tax law criteria for making this change.

Write a memo to your CFO: indicating the outcome of such a change on current taxes, and outlining the requirements for making this change.

Reference no: EM133204547

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