@UCcpg wrote:
.....I would like to convert to cash-based accounting and write off inventory cost as an expense. Is this advisable?
You should seek an in-person consultation with a tax professional for guidance.
If you have been using the accrual accounting method and want to change to the cash method, you will have to file Form 3115.
See https://www.irs.gov/instructions/i3115#idm140516454017040
