Cash Profit
“I received a huge upfront deposit for a project that spans into next year, do I have to pay taxes on that cash immediately or when the work is done?”
A large upfront deposit for a project that continues into next year can raise timing questions about when income is recognized, and the answer often depends on how the payment is structured, the accounting method being used, and whether the funds are a true advance, a retainer, or payment for work already performed. The nature of the project, any contract terms about refundable amounts, and how the cash is recorded in the books can also matter. In many cases, the tax treatment of deposits and progress payments is not the same as the timing of the actual work, so the facts drive the result. A focused session can map this against your actual situation in plain English.
In your 60-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“How do I know how much of my money is actually mine vs the IRS's?”
“I am bundling physical equipment sales with installation services to lower my overall sales tax burden, is this a legally compliant tax strategy?”
“My cash flow is incredibly tight this month, can I legally delay depositing my employees' withheld payroll taxes to the IRS to keep the lights on?”
“We experienced a massive drop in revenue this quarter, are there any immediate federal tax credits available to help me keep my employees on payroll?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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