Rules for documenting income and expenses are different for book and tax purposes. When it’s time to file your business tax return you will normally need to adjust your books to conform to IRS tax rules. In this episode I talk about the two types of adjustment, temporary and permanent adjustments, and give examples for each. Email me At [email protected] for questions and suggestions. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app