How Inflation and Supply Chain Disruptions Can Increase Your Business’ Tax Bill
Withum
JUNE 1, 2022
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. Some businesses might fall under this exception if their gross receipts were severely impacted during the 2020 and 2021 taxable years due to the pandemic.
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