1500-2000 word memo, NOT INCLUDING TITLE PAGE AND REFERENCES IN WORD COUNT

JIM currently uses the calendar year as its financial and tax annual accounting period. Management, because of the seasonality of sales, wants to change to a fiscal year beginning April 1st through March 31st. You have been asked to review the tax law criteria for making this change.

• Write a memo to your CFO:
  • indicating the outcome of such a change on current taxes, and
  • outlining the requirements for making this change.

I will attach previous assignments as references

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