Withum

AUGUST 8, 2023

Whether it is manufacturers, clothing designers, software developers, plant breeders, winemakers, or engineers, businesses across New York State are shocked to hear how significantly their federal tax bills are increasing for the 2022 taxable year even when their earnings remain the same. Does this seem extreme?

New York 96

New York income tax Manufacturing financial statements 96

Withum

OCTOBER 12, 2022

While at first glance US corporations may not consider CAMT if their financial income does not exceed $1 billion, CAMT may apply to unsuspecting foreign-owned US corporations. Corporations and tax professionals will need detailed regulations to properly assess whether CAMT applies and how to calculate CAMT correctly.

financial statements 69

financial statements Tax income tax Manufacturing 69

Withum

NOVEMBER 17, 2022

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Postpone income until 2023 and accelerate deductions into 2022. Specifically targeted industries, such as technology, manufacturing, agriculture, or film.

tax planning 98

tax planning Tax Construction income tax 98

Going Concern

APRIL 14, 2023

million) for its audit of lighting manufacturer Luceco (LUCEL.L) for its financial year to Dec. Considerable research supports that auditors benefit from knowledge spillover gains when they also provide tax services to their audit clients. 31, 2016, Britain’s accounting watchdog said on Thursday.

Tax 100

Tax auditor audit accounting firms 100