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Professionals on the Move – June 2025, Part II

CPA Practice

In her new role, Jennifer will oversee the equity management, lease lifecycle management, and tax reporting solutions, enhancing insightsoftware’s ability to deliver trusted and effective solutions for its customers. Most recently, she served as president of North America at QuickFee, a payment technology platform. © 2025 Firmworks, LLC.

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Ryan advises clients on tariff issues

Accounting Today

border crossing in St-Bernard-de-Lacolle, Quebec Andrej Ivanov/Bloomberg Ryan, a global tax services firm based in Dallas, recently launched the Ryan Tariff Task Force to help clients deal with the complex interplay between taxes and the constant threat of tariff increases. All rights reserved. That answer is pretty universal.

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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. This second point is particularly helpful to selling shareholders who want clarity on whether their business is a QTB so they can calculate how much tax will be due on their sale of stock.

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

Withum

Unfortunately, a deteriorated supply chain and increased inflation most likely will increase the tax bill for businesses that use the LIFO method of accounting. Utilizing LIFO when costs are rising due to inflation is generally advantageous for income tax purposes because sales prices are offset by higher inflated purchase costs.

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Research & Development (R&D) Tax Credit Frequently Asked Questions

Cherry Bekaert

R&D Tax Credit FAQs: What Is the Research and Development (R&D) Tax Credit? What Activities Qualify for the R&D Tax Credit? What Types of Expenses Are Eligible for the R&D Tax Credit? What Are the Benefits of R&D Tax Credits? Can I Claim R&D Tax Credits for Prior Years?

Tax
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The Rundown | 2023 Mid-Year Report

Cherry Bekaert

The LIHTC provides a tax incentive to construct or rehabilitate affordable rental housing for low-income households. The federal government issues tax credits to state and territorial governments. If the proportional amortization method is not used, then ASC 323-740 provides specialized accounting.

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Friday Footnotes: EY Pulls Out of Winston-Salem; Clients Exposed in Data Breach; Deloitte Olympians | 7.14.23

Going Concern

Prior to joining DLA, John served as a Partner with two National professional services firms, where he was the subject matter expert on business combinations, impairment analysis, income tax accounting, stock compensation, revenue recognition, and going concern analysis.