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Sustainable Manufacturing: Harnessing Energy Tax Credits

Cherry Bekaert

For the industrial manufacturing industry, two energy tax credits that stand to provide incredible advantages are the Advanced Manufacturing Production Credit: Section 45X and Advanced Energy Project Credit: Section 48C. Contact Us The post Sustainable Manufacturing: Harnessing Energy Tax Credits appeared first on Cherry Bekaert.

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3 Sales tax pitfalls facing manufacturers and wholesalers

TaxConnex

Many manufacturers, wholesalers, and distributors believe they have minimal sales tax obligations due to the likelihood of  sales tax-exempt transactions. Businesses don’t always fit into a “box” as being only a manufacturer, or only a distributor. Many times, a manufacturer is also a distributor.

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Exemption certificate management and audits

TaxConnex

Under audit, an otherwise exempt sale will be deemed taxable without such documentation from a customer – and just a few missing certificates can result in large penalties and interest. In this blog based on one of our recent webinars, here are how states and other tax jurisdictions are getting tougher with their exemption certificate audits.

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Sales Tax Obligations for Manufacturers and Wholesalers, Part 1: Resale Certificates and Exemptions

TaxConnex

Many manufacturers, wholesalers, and distributors believe they have minimal sales tax obligations due to the likelihood of sales tax-exempt transactions. Businesses don’t always fit into a “box” as being only a manufacturer, or only a distributor. Many times, a manufacturer is also a distributor. Manufacturers.

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Rumor: Mid-Tier Firms Are Getting Out of the Public Company Audit Game

Going Concern

Another tipster said CBIZ was trimming staff in audit “in connection with that” though we didn’t get any numbers because no one ever talks about CBIZ, you probably forgot they existed until just now. The top ten firms collectively audit 68% of the total population. I’ll do some digging in the meantime.

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Uncovering hidden opportunities: The power of reverse audits in sales tax compliance

ThomsonReuters

Jump to: What is a reverse sales tax audit? What information is necessary for a reverse audit? Such audits can also uncover industry-specific credits and exemptions that may have been overlooked. What is a reverse sales tax audit? Correction of taxes overcharged to customers is handled a bit differently.

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5 Tips for Manufacturers When Navigating Value Added Tax Obligations

Accounting Insight

How can manufacturers navigate the ever-evolving and increasingly complex world of value added tax (VAT)? Increased audit volume is coming, so the industry has to commit to effectively and efficiently meeting the ever-growing compliance obligations of e-invoicing and periodic reporting.