article thumbnail

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. Business Tax Services. Contact Us.

Tax 126
article thumbnail

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.

article thumbnail

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.