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How Inflation and Supply Chain Disruptions Can Increase Your Business’ Tax Bill

Withum

Over the past two years manufacturers and resellers have struggled to maintain inventory levels due to global supply chain issues, and now are facing the highest inflation rates since 1981. Businesses may intentionally choose to stay on the LIFO method. Business Tax Services. Wait and See. Contact Us. Contact Us.

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How to Plan for Global Tax Minimization

Cherry Bekaert

Expanding business operations globally allows companies access to new markets, more efficient manufacturing options, new technologies, a larger workforce and new sources of inventory. Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities.

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Year-End Tax Planning Strategies for Businesses

KROST

In the last few months of the year, it is important to consider year-end tax planning opportunities, as many may provide both immediate and long-lasting financial benefits. The Protecting Americans from Tax Hikes Act of 2015 made the R&D credit permanent. This year has brought unique challenges and significant change.

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What’s Hot on Checkpoint for Federal & State Tax Professionals?

ThomsonReuters

FTC coverage begins at A-8900 Corporate alternative (book) minimum tax. Client Letter: 2150 Corporate Alternative Minimum Tax for Tax Years beginning on or after Jan 1.2023. PPC Tax Planning and Advisory Guide: Closely-Held C Corporations, Section 600 Introduction to the Corporate Alternative Minimum Tax (AMT).

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How to keep up with tax law changes

ThomsonReuters

Top CPA firms have long understood the need to elevate their staff from being tax preparers to tax advisors. While a preparer focuses on churning out tax returns, an advisor tries to evaluate broader implications of tax code changes by considering: What are the recent tax law changes my clients should know about?

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Guide to accountant responsibilities

ThomsonReuters

Preparing tax returns. For instance, accountants may specialize in serving nonprofits, manufacturers, restaurants , or dental offices. Recording disbursements and payments. Ensuring that systems are up to date. Examining financial documents and financial transactions to ensure compliance and rectify any discrepancies.

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