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TRANSPORT & LOGISTICS SECTOR CHALLENGES

Menzies

Strategic divestments could help to raise the funds needed to invest, which may in turn help to minimise corporate tax liabilities by creating an opportunity to claim R&D tax relief. Business owners in the sector should harness data and manage cash flow carefully.

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How ambient AI will change the lives of corporate tax professionals

ThomsonReuters

AI-enabled self-driving transportation, real-world trials, and deployments are coming soon, shaping logistics, delivery vehicles, and Uber-like services. AI assistants for corporate tax professionals David Wong , Chief Product Officer at Thomson Reuters explains the changing role of AI in the workplace. The result?

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IS YOUR Transport & Logistics COMPANY MISSING OUT ON R&D TAX RELIEF?

Menzies

The definition of R&D is much broader than many businesses imagine and despite less than 1% of all R&D claims being made by businesses in the Transport and Logistics sector, we have made a number of claims for our clients in this sector and believe many businesses are still missing out. Download our pdf version. Who qualifies?

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Finding Your Financial Compass: Why Small Businesses in Los Angeles Thrive with Specialized Tax and Accounting Support

MyIRSRelief

Specialized tax and accounting firms cater to the specific needs of these individual cities, understanding the local tax landscape and the challenges faced by businesses in that region.

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Tax relief on energy efficient vehicles

Menzies

This means that transport and logistics companies will be able to benefit from 100% relief on the purchase of energy efficient vehicles. This is despite the withdrawal of the super-deduction from April 2023 and the reduction in the annual investment allowance (AIA) from £1m to £200k.

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NJ governor pitches higher tax on businesses to help transit

Accounting Today

The move would make New Jersey's corporate tax the highest rate in the country.

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What’s new in sales tax?

TaxConnex

This applies to delivery charges that are separately stated on the invoice, bill of sale or other documentation given to the purchaser and includes, but is not limited to, transportation, shipping, postage, handling, crating and packing. Ohio’s sales tax exemptions set to take effect from Oct. Income we trust.

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