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IRS Issues Favorable QSBS Tax Ruling for Businesses

Withum

The taxpayer in PLR 202221006 (March 3, 2022) is a pharmaceutical distributor that engages in the retail sale of a limited number of drugs. It enters into exclusive distribution agreements with the manufacturers of the drugs, but it does not manufacture any drugs itself.

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Andersen Expands Presence in SoCal, Adds New Offices in Des Moines and Pittsburgh

CPA Practice

Collectively, the professionals joining Andersen deepen the firm’s expertise serving high net worth individuals, families, and businesses across a range of industries, including real estate, manufacturing, construction, professional services, hospitality, entertainment, technology, retail, financial planning, and agriculture.

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

Withum

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. Business Tax Services. For more information on this topic, please contact a member of Withum’s Federal Tax Services Team. Contact Us.

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Year-End Tax Planning Strategies for Businesses

KROST

The PATH Act also allows startup businesses with no federal tax liability and gross receipts of less than $5 million to take the R&D tax credit against their payroll taxes for tax years beginning after December 31, 2015, essentially making it a refundable credit capped at $250,000 for up to five years.

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Where the Republican Presidential Hopefuls Stand on Taxes, Other Economic Issues

CPA Practice

He wants to change from a “China-centric supply chain” for key industries such as health, military technology, pharmaceuticals and critical minerals. Trump tax cuts Suarez hasn’t made public comments about extending the 2017 tax cuts. needs a strategy to “bring back American manufacturing from China.”

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