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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. teams of customs and duties experts.

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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. Conversely, if the business is not a QTB, then the shareholder will owe federal income tax of roughly $2,380,000 ($10 million times 23.8%). Business Tax Services. Contact Us.

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

Withum

It is not uncommon for businesses to utilize First-In-First-Out (“FIFO”) for internal reporting purposes but use the Last-In-First-Out (“LIFO”) method for external reporting purposes, such as for US GAAP and federal income tax. Business Tax Services. FIFO assumes that assets produced or acquired first are sold or used.

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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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Will Congress Say Bah Humbug To Small Businesses?

Withum

Under the new requirement, companies that assist in federal research are now having to pay federal income tax on any federal research grants received. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. So what can we expect in the New Year?