Anders CPA

DECEMBER 6, 2022

Manufacturing equipment may be exempt under the manufacturing exemption. If no exemption applies, the asset may be taxable, despite the fact the original purchaser already paid tax years ago. Tangible Personal Property vs Intangible Tax Liabilities. For instance, inventory can be exempt as a purchase for resale.

Tax 52

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KROST

MARCH 22, 2021

Generally, income tax and reporting requirements would not be reported separately. Rather, they would have been reportable on the owner’s US tax return. This doesn’t mean that the SMLLC will be taxed like a Corporation. Tax , International Tax , Manufacturing & Distribution. About the Author.

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ThomsonReuters

JUNE 15, 2022

Top CPA firms have long understood the need to elevate their staff from being tax preparers to tax advisors. While a preparer focuses on churning out tax returns, an advisor tries to evaluate broader implications of tax code changes by considering: What are the recent tax law changes my clients should know about?

Tax 98

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ThomsonReuters

OCTOBER 19, 2022

FTC coverage begins at A-8900 Corporate alternative (book) minimum tax. Client Letter: 2150 Corporate Alternative Minimum Tax for Tax Years beginning on or after Jan 1.2023. PPC Tax Planning and Advisory Guide: Closely-Held C Corporations, Section 600 Introduction to the Corporate Alternative Minimum Tax (AMT).

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ThomsonReuters

JANUARY 18, 2024

Preparing tax returns. For instance, accountants may specialize in serving nonprofits, manufacturers, restaurants , or dental offices. Recording disbursements and payments. Ensuring that systems are up to date. Examining financial documents and financial transactions to ensure compliance and rectify any discrepancies.

Account 59

Account accountant accounted tax preparation 59

Withum

JUNE 1, 2022

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. Under the various safe harbor proposals, the amendment of a prior return would not be necessary. Wait and See.

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MyIRSRelief

APRIL 15, 2021

What we can do however, is look at a few common examples, including: Healthcare, life sciences, technology, and manufacturing. You see, start-ups generally don’t expect to pay any taxes for several years, not unless they are particularly successful from the get-go. Which activities are excluded from R&D tax credits?

Tax 100

Tax payroll tax tax return Start-ups 100

SkagitCountyTaxServices

SEPTEMBER 24, 2020

With the business deadline (9/15) behind us, we’re in tax planning season. But this actually has nothing to do with your taxes for this year. But this actually has nothing to do with your taxes for this year. Because these tax returns are historical reports — nothing more.

CPA 52

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