Inventory and Accounting Methods



TPC Inventory & Accounting Methods Review: Identifying the right position at the right time to give you the most benefits.

TPC Inventory and Accounting Methods Review is designed to identify the most advantageous filing positions and accounting methods available for our clients. We can assist you in adopting or changing to new methods and implementing the necessary processes and procedures to comply with the statutory and IRS requirements to support the chosen method.

Our services include:

  • Electing New Accounting Methods and/or Applying for Method Changes with the IRS
  • Inventory Accounting Method Analysis
  • Expense Deduction Review
  • Transaction Cost Recovery
  • Deductibility of Environmental Remediation Costs
  • Cost Segregation/ Proactive Cost Recovery Services
  • Sec. 199 Manufacturing Deduction
  • Choice of Accounting Methods – cash vs. accrual
  • Capitalized Interest
  • Long-term Contracts
  • Meal and Entertainment Expenses
  • Uniform Capitalization
  • Fixed Asset (Depreciation) Review
  • Income Recognition Analysis
  • FIFO and LIFO – Computations of inventory related to manufacturing activities
  • Gift Cards
  • Review of Product Discounts and Rebates

Find out why TPC Inventory and Accounting Methods Review is the best way to help identify more benefits. Contact Joanne Chun Hughes, ESQ at 312.235.3323, or click here for an assessment of your needs.