Turn record-high inflation into unprecedented LIFO tax benefits for your clients! CPA firms should be proactive in exploring LIFO opportunities and strategies now more than ever. This year, historically high inflation will create the largest LIFO tax savings opportunities seen in over four decades and will make 2022 one of the most beneficial periods to elect. Adoption timing is paramount with LIFO because of the material tax benefit differentials between electing in an average versus high inflation period.

Join our webinar for a comprehensive presentation featuring insights on the current inflation environment, present versus past high inflation period comparisons, information regarding the best election candidates, tools for identifying the best election candidates within your firm, benefit analysis resources, and turnkey outsourcing solutions.

Presentation Outline:

• Current inflation environment and historical comparisons


• What makes a good LIFO candidate?


• Common misconceptions, election requirements, and key considerations


• Top tax savings opportunities for companies not on LIFO


• Planning and tax savings maximization strategies for companies already on LIFO


• Complimentary resources


• Turnkey outsourcing solutions


• Question and answer session

• Evaluate LIFO rather than passively reacting to it


• Identify the best candidates


• Design a rough estimate of LIFO's potential election-year tax benefits


• Determine how to help clients maximize the likelihood of maintaining a net favorable tax position from LIFO in perpetuity by electing during a historically high inflation period


• Recognize the biggest misconceptions and overcome the most predominant objections


• Recommend turnkey outsourcing solutions