CA conformity to inventory for small business?

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Message Board CA conformity to inventory for small business?

This topic contains 2 replies, has 3 voices, and was last updated by Mary Annette Fabay 2 months ago.

  • Author
  • #147572
    Renee Azrieli

    Has CA conformed to the changes under section 13102 to inventory for small business, the exception where certain small businesses can treat inventory as non-incidental and not have to report inventory on returns?

    Thank you

  • #147573
    Lynn Freer

    No we have not. We hope to have conformity to this provision in the budget bill in June. Suggest you file an extension for CA to see if we conform.

  • #147852
    Mary Annette Fabay

    for CA purposes what is the gross receipts test for inventory accounting?