Going Concern

APRIL 24, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate

Going Concern

OCTOBER 31, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate

Menzies

JULY 14, 2025

Client profile Touchlight are a DNA development and manufacturing company that has developed an innovative, synthetic DNA vector and enzymatic manufacturing process, which enables them to produce DNA at unprecedented speed, scale and purity. Menzies LLP - A leading chartered accountancy firm.

corporation tax

Withum

NOVEMBER 6, 2024

If Republicans gain control of Congress and the Presidency, they will move quickly regarding federal tax reform. Republicans continue to signal that their top priority, over the debt ceiling, is to extend the 2017 Tax Cuts and Jobs Act (“TCJA”). The federal tax reform discussion amongst GOP leadership started months ago.

Tax

Going Concern

JULY 24, 2025

If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you’re not alone—and you’re not out of options. Whether you’re looking for talent in tax, audit, accounting, or project-based roles, we’ve got candidates worth your time. We’ve Got You Covered.

Real Estate

Accounting Today

JULY 8, 2025

And depending on your view of it as a giveaway to billionaires or a much-needed tax cut for the middle class, it has something for everyone to consider. What is the difference between manufacturing and production? All rights reserved. 1, made it to President Trumps desk in time for his signature on July 4. When does construction begin?

Technology

Accounting Today

JUNE 18, 2025

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.

Technology

Withum

JULY 8, 2025

While there have been many previous proposals to limit the scope of section 1202 , the section of the tax code addressing QSBS, the new law expands the QSBS exclusion in a way that is consistent with the current administration’s pro-growth policies. No stock issued before August 11, 1993 can qualify as QSBS.

Tax

Accounting Today

JULY 8, 2025

and other highlights from our favorite tax bloggers. It is done Eide Bailly ( [link] ): For lawmakers, officials and tax experts, its been a whirlwind of activity and work. It is done Eide Bailly ( [link] ): For lawmakers, officials and tax experts, its been a whirlwind of activity and work. All rights reserved.

Real Estate

TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries.

Sales

Withum

JUNE 8, 2022

The Infrastructure Investment and Jobs Act (IIJA), enacted into law on November 15, 2021, reinstated and modified two Superfund excise taxes, effective July 1, 2022. The first is the tax on chemicals under section 4661 and the second is the tax on imported substances under section 4671. The IIJA lowered this threshold to 20%.

Tax

TaxConnex

APRIL 18, 2023

There’s always something changing in the world of tax, especially sales tax. New sales taxes are progressing in some states but not all. Alaska, one of the few states still without a statewide sale tax, is considering one as it tries to close a projected revenue shortfall of $450 million heading into the next fiscal year.

Sales

Withum

JUNE 6, 2022

It enters into exclusive distribution agreements with the manufacturers of the drugs, but it does not manufacture any drugs itself. 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

Withum

NOVEMBER 8, 2022

Governor Murphy announced the development of a pilot program to give New Jersey manufacturers grants to purchase equipment necessary to improve their business operations on October 17, 2022. For more information on this topic, please contact a member of Withum’s State and Local Tax Services Team. Applicants. Contact Us.

Manufacturing

Withum

JUNE 12, 2024

S Corporation shareholders and partners in a partnership could see their effective federal income tax rate increase by 30% by the end of December 31, 2025, due to the expiration of certain tax laws. A dramatic increase to the effective tax rate may catch many pass-through entity businesses by surprise.

income tax

Cherry Bekaert

MAY 3, 2024

Expanding business operations globally allows companies access to new markets, more efficient manufacturing options, new technologies, a larger workforce and new sources of inventory. Therefore, a well-thought-out global tax management strategy will be imperative to the success of your global business activities. income tax return.

Tax

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. These layers compound over time and create a significant tax deferral. billion in taxes for the industry in 2022. Potentially.

business tax

Withum

MARCH 31, 2022

Withum is excited to welcome Lynn Mucenski-Keck to the Firm’s National Tax Services Group in the role of Principal, specializing in tax planning for businesses. With over 20 years of experience, Lynn has industry expertise in healthcare, hospitality, real estate and manufacturing distribution and logistics.

Real Estate

Withum

NOVEMBER 17, 2022

2022 Tax Brackets and Rates. 2022 Long-Term Capital Gains Tax Bracket. Year-End Tax Strategies for Individuals. Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. DEDUCTION AMOUNT: $19,400. Taxable Income Over.

tax planning

Withum

JULY 29, 2022

It includes a 25% advanced investment tax credit for certain investments in semiconductor manufacturing, and it will be sent to the President for signature, which is expected because the administration has already expressed support for the legislation. Business Tax Services. Contact Us. Let’s Chat.

Healthcare

Withum

AUGUST 11, 2022

announced they had reached an agreement on a reconciliation bill that includes a significant adjustment to Section 45, the renewable electricity production tax credit (PTC). In order for a manufactured product to be considered made in the US, the facility must show at least 40% of total costs are mined, produced or manufactured in the US.

Construction

MyIRSRelief

APRIL 15, 2021

Lately, there has been a lot of talk surrounding R&D tax credits, and how they can potentially benefit large and small companies alike, regardless of which industry you happen to be involved in. Here’s a look at several things to know surrounding R&D tax credits. First off, what are R&D tax credits? Increased ROI.

Tax

Withum

JUNE 29, 2023

Ryan Brandt is a seasoned tax compliance expert specializing in manufacturing, distribution and logistics, real estate, cannabis and private client services. Devin Desmond is an expert in audits of insurance organizations and not-for-profits and is a leader on the Firm’s Not-for-Profit Tax Team.

E-commerce

CPA Practice

SEPTEMBER 12, 2024

Avantax Welcomes $60M Advisor Ali Kazemi and His Northern California-based Sentinel Financial Group Avantax, a Dallas-based leader in tax-intelligent financial planning and wealth managemen, recently welcomed Ali Kazemi, a seasoned financial services industry veteran with 30 years of experience.

Kansas

Withum

AUGUST 11, 2022

The Superfund Excise Tax went into effect on July 1, 2022, and many companies are still struggling to understand whether it applies to their operations and how to properly estimate their potential liability. Even though the Superfund Excise Tax has been implemented in the past, it last expired over 25 years ago. billion of revenue.

Tax

Withum

AUGUST 8, 2023

Whether it is manufacturers, clothing designers, software developers, plant breeders, winemakers, or engineers, businesses across New York State are shocked to hear how significantly their federal tax bills are increasing for the 2022 taxable year even when their earnings remain the same.

New York

CPA Practice

FEBRUARY 23, 2023

Avalara has launched Avalara Property Tax , a new automated solution for businesses for real property and personal property tax management designed to improve tax compliance with automation. is a provider of cloud-based tax compliance automation for businesses of all sizes. Avalara Inc.

Tax

CPA Practice

MAY 30, 2024

The 10 newest partners at Milwaukee-based Wipfli are: Nate Bartz (audit and accounting, manufacturing, retail and distribution — Upper Great Lakes) Kate Brown (technology advisory/analytics, manufacturing, retail and distribution — Great Plains) Cheryl Carr (outsourced services, manufacturing, retail and distribution — Lower Great Lakes) Jared Heimerl (..)

Real Estate

Nancy McClelland, LLC

APRIL 7, 2023

What better way to relax after Tax Day than by watching a webinar on an unfamiliar area of taxation, right? To operate on a cooperative basis for tax purposes, a company must meet specific tax rules in Subchapter T of the Internal Revenue Code. Field of Study: Taxes Program Level: Basic CPE Credit: 1.5

Agriculture

Going Concern

JANUARY 4, 2024

Tax Credits & Incentive Services). Antonache manages federal and state tax consulting and compliance matters related to incentives for renewable energy development. International Tax Services). Automotive & Dealer Services Practice). Financial Services Practice). Real Estate Practice).

Real Estate

Withum

AUGUST 24, 2023

The domestic content rules are satisfied with respect to an energy project if the taxpayer certifies that any steel, iron, or manufactured product that is a component of such an energy project was produced in the United States. How Do I Claim a Federal Energy Project Income Tax Credit? The energy credit is non-refundable.

Tax

Withum

SEPTEMBER 2, 2022

A qualified commercial clean vehicle must be acquired for use or lease by the taxpayer from a qualified manufacturer. Applicable entities, including tax exempt entities, state or local governments, and Indian tribal governments can make a direct pay election for this credit to effectively treat the tax credits as taxes paid on a filed return.

Construction

Going Concern

MAY 8, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate

CPA Practice

JANUARY 3, 2024

Top 15 accounting firm Moss Adams has added 20 new partners, five managing directors, and an executive director across its tax, assurance, and advisory practices and national office. For over 100 years, we’ve supported organizations as businesses advisors and accountants,” Moss Adams Chairman and CEO Eric Miles said in a statement on Jan.

Real Estate

Withum

JULY 26, 2023

The Build It In America Act (HR 3938) addresses business taxpayer concerns regarding rising interest expense rates and deduction limitations on research and experimental expenditures, which could lead to drastically increased cash federal income tax payments. trillion over ten years.

Tax

Going Concern

FEBRUARY 16, 2024

In my view, the system is very close to a tipping point of massive non-compliance in a number of areas of tax law. Put simply, if taxpayers and their advisers (and even tax specialists) have a hard time understanding new legislation, it can and will lead to non-compliance. I’m a professional tax preparer.”

Real Estate

Cherry Bekaert

JUNE 5, 2024

Small and medium-sized businesses in the manufacturing, distribution and retail sectors have heavily relied upon this state protection since it was enacted in 1959 to decrease overall tax liability. Contact Us The post Impact for Small Businesses: MTC’s New Interpretation of PL 86-272 appeared first on Cherry Bekaert.

income tax