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

Withum

While you might view the examples that were provided as immaterial, industries that commonly use LIFO – including pharmaceutical distributors, specialty retailers, industrial equipment, farm equipment, furniture businesses, and the automotive industry – are seeing significant increases in their tax bills.

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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.