article thumbnail

Manufacturing: Spring Budget Predictions & Wish List

Menzies

Andrew England highlights what we could expect from the Chancellor’s Spring Budget 2024 this year, and what could benefit the Manufacturing sector. Corporation Tax A reduction in the headline rate of corporation tax to support UK business in a challenging economic climate. jobs in the sector).

article thumbnail

A guide to effective investments in equipment for manufacturing companies

Menzies

Read on if you and your manufacturing company falls into one of the following categories: – For manufacturing companies investing in significant pieces of plant and machinery can be key to driving business growth. The tax treatment of capital expenditure can vary depending on the timing and type of purchase.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What exactly is indirect tax?

ThomsonReuters

Where tax professionals provide value to their clients by keeping current on changes and updates to taxes and helping resolve complex tax calculations that arise from cross-border or interstate transactions. What is indirect tax? An indirect tax is a tax passed off by the government on goods and services.

tax 52
article thumbnail

Guidance on Filing the RL1 Summary and CNESST Salary Declarations

Ronika Khanna CPA,CA

Quebec Income Tax Box 10 (Impot du Quebec) is the amount of income taxes deducted from employee's paycheques Health Services Fund (FSS) Box 28 This represents the gross payroll and is generally only required if the corporation is in the primary and manufacturing sectors as there is a reduced rate for these types of business.

payroll 98
article thumbnail

What is the difference between sales tax and VAT?

ThomsonReuters

Both sales tax and VAT are types of indirect tax – a tax collected by the seller who charges the buyer at the time of purchase and then pays or remits the tax to the government on behalf of the buyer. Sales tax and VAT are a common cause of confusion within the corporate tax community.

Sales 119
article thumbnail

Connecting Timekeeping with Practice Management for Law Firms

KROST

In addition to KBI, he currently leads the Manufacturing and Distribution Industry group at KROST and is an active contributor to the firm’s Real Estate and Technology groups. KROST also provides assistance with PPP Loans, Employee Retention Tax Credits, and Restaurant Revitalization Fund (RRF). Industry Experts.

article thumbnail

NetSuite at 25: Key Takeaways From SuiteWorld 2023 

Withum

Withum celebrated NetSuite’s 25 th anniversary and was hands-on at breakout sessions relevant to the industries we serve, including but not limited to: technology , manufacturing , distribution , retail and e-commerce. NetSuite’s annual SuiteWorld conference brought together thousands of customers and partners in Las Vegas this month.