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TRANSPORT & LOGISTICS SECTOR CHALLENGES

Menzies

Menzies LLP - A leading chartered accountancy firm. Strategic divestments could help to raise the funds needed to invest, which may in turn help to minimise corporate tax liabilities by creating an opportunity to claim R&D tax relief. Business owners in the sector should harness data and manage cash flow carefully.

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How ambient AI will change the lives of corporate tax professionals

ThomsonReuters

AI-enabled self-driving transportation, real-world trials, and deployments are coming soon, shaping logistics, delivery vehicles, and Uber-like services. AI assistants for corporate tax professionals David Wong , Chief Product Officer at Thomson Reuters explains the changing role of AI in the workplace. The result?

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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

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IS YOUR Transport & Logistics COMPANY MISSING OUT ON R&D TAX RELIEF?

Menzies

Menzies LLP - A leading chartered accountancy firm. The relief is only available to companies subject to corporation tax. An SME who is loss making will receive an R&D tax credit repayment from HMRC of up to £33.35 Areas within transport & logistics where R&D could be claimed. Download our pdf version.

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Tax relief on energy efficient vehicles

Menzies

Menzies LLP - A leading chartered accountancy firm. This means that transport and logistics companies will be able to benefit from 100% relief on the purchase of energy efficient vehicles. The government has extended the availability of 100% first year allowances on the acquisition of cars, zero-emissions goods vehicles and equipment.

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20 Essential Tax Facts for Small Business Owners

Ronika Khanna CPA,CA

Probably the most popular question posed to accountants and tax preparers (especially around this time of year) is “what types of expenses are deductible?”. Rent, Utilities, Insurance, property taxes incurred for office for factory space Office supplies, postage, courier costs Conference expenses including travel , business trips etc.

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Bidenomics: Four Things To Watch For Financial Services

PYMNTS

Taxes: Biden has also proposed rolling back some of the corporate tax cuts that had been a hallmark of the Trump administration, restoring the tax rate to 28 percent from the current 21 percent, and where the rate had been 35 percent before Trump’s own tax cuts in 2017. Postal Service and the Federal Reserve.

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