TBA Law Blog


Posted by: Brittany Sims on Sep 15, 2014

The American Bar Association and more than 25 state and local bars have joined with the American Institute of CPAs and 233 members of the U.S. House in urging House leaders to preserve the cash method of accounting for law firms, accounting firms, farmers and many other small businesses. The group expressed concerns over mandatory accrual accounting proposals that would have a dampening effect on business growth across industries and stifle job creation. Reps. Steve Cohen, Scott DesJarlais, John J. Duncan Jr. and Stephen Lee Fincher from Tennessee were among House members signing the letter of support.