Harbour Results, Inc.’s Post

🚀 Navigating US Source Income for Manufacturing? Simplify the Complex! 🚀 Grasping the ins and outs of US source income for your manufactured goods is key to unlocking compliance and optimizing tax liabilities. 📊 Whether your goods are made and sold within the US or across borders, understanding the impact of production and sales locations can empower your business decisions. 🌍 Don't let the complexities of tax codes and international treaties slow you down. Stay informed, keep precise records, and consider professional guidance to navigate the tax terrain confidently. 💼 Ready to optimize your tax strategy and boost profitability? Let's chat about your cross-border plans in our 30-minute complimentary session. Secure your spot today! 🔒 #USsourceIncome #Manufacturing #InternationalTrade #TaxCompliance #BusinessStrategy https://hubs.la/Q02NKTKs0

Manufacturing companies are at the forefront of innovation, driving advancements in product design, process optimization, and technology integration. What many manufacturers may not realize is that their EVERYDAY activities may qualify for VALUABLE R&D tax credits. I have a guide that will provide manufacturing companies with the information they need to identify and capitalize on these tax-saving opportunities. Discover how recent legislative changes, such as the Protecting Americans from Tax Hikes (PATH) Act of 2015, have expanded R&D tax credit benefits for manufacturing companies to understand the key provisions of the PATH Act and how they apply to your business. Currently, ONLY 11% of CPA's are securing the tax credits available to their clients! With the corporate extension tax filing deadline fast approaching for 2023 taxes, let's get you scheduled for a Zero Cost tax return review to see if your business qualifies for more tax credits! #Manufacturing #Accountants #Taxes #2023 #Construction #Innovation #Sendmetheguide #Recession

Don't miss our next Wake Up To Manufacturing Webinar! "Heading Towards the Cliff: Tax Update and Planning in Dynamic Times," Presented by member c company Stambaugh Ness. This important webinar session will include the impact and strategies to prepare for the expiring Tax Cut and Jobs Act (TCJA-2017) for manufactures' and small businesses. Register below! #manufacutring, #taxes, #taxplanning

Do you own a manufacturing firm? Do you feel fully informed about all the tax credits, deductions, and incentives available to you? Become an Informed Taxpayer. Here are10 Important Tax Considerations for the Manufacturing Industry https://bit.ly/3IH5BHh #taxstrategy #taxplanning #manufacturing #taxreduction

Aprio is here as a resource to plan for what’s next in tax and business.

The key issue in testing the post-Loper Bright effect on IRS regulations is how broad or narrowly to read certain congressional delegations of authority to the IRS to issue regulations. The basic issue comes down to how broad are the terms "needful" and "purpose of this section" grants. As quoted in the story: "Under section 965(o), Treasury can draft regs that are “necessary or appropriate to carry out the provisions” of the section. It also allows for regs to prevent the avoidance of the purpose of the transition tax.....The Secretary acted within Congress’s delegation. She issued regulations that furthered the objectives of section 965, which include preventing tax avoidance and ensuring that repatriated earnings did not entirely escape taxation,” the Justice Department argues. “Indeed, Congress explicitly delegated authority to the Secretary of the Treasury to issue regulations that target tax avoidance like what FedEx seeks to propagate here: the allowance of full credit when the earnings were not previously subject to any U.S. taxation” (emphasis in original). “Necessary or appropriate” represents broad delegation, according to the Justice Department, which is not limited to specific section 965 topics. The antiabuse language similarly spoke to the permissibility of rules aiming at broader policy goals, it argues. Section 965 clearly intended windfall avoidance for deferred income, it argues, pointing to the Tax Cuts and Jobs Act’s House report. Treasury had engaged in reasoned decision-making as well...." Well said but, and a BIG BUT, is that this type of argument will end up sustaining almost any IRS regulation and some IRS regulations are nevertheless likely to exceed the parameters of Loper Bright. How will the courts reconcile this? Tax Notes

This week's #TaxTake: Off to Work We Go: Supply Chains Tax Team Details Taxpayer Submission Process: https://bit.ly/3VeSO4N   Authors: Jorge Castro, Marc Gerson, Loren Ponds, and Patrick Holten #taxpolicy #taxlaw #governmentaffairs

Are you prepared for the latest tax changes? Join us for a must-attend webinar, "Navigating the New Tax Landscape – Updates on the EOPT Act," on Thursday, July 11, 2024, from 10:00 AM to 11:30 AM. Get up to speed with the significant updates introduced by the Ease of Paying Taxes (EOPT) Act, focusing on VAT and percentage tax rules. Featuring expert insights from Ma. Lourdes Politado-Aclan, Director of Tax Advisory and Compliance at P&A Grant Thornton, this session is essential for finance professionals, accountants, and business leaders. Highlights include: ✔ Overview of the EOPT Act ✔ Impact on VAT and Percentage Taxes ✔ Strategies for Compliance Don’t miss this chance to stay ahead in the evolving tax landscape. Register now to secure your spot! 🔗 https://bit.ly/3xUlus1 #TaxWebinar #FinanceProfessionals #TaxUpdates #VAT #EOPTAct #Zalamea

For small manufacturers that are organized as pass-throughs, a critical tax deduction is set to expire at the end of 2025. Manufacturers are sounding the alarm as part of the NAM’s #ManufacturingWins tax campaign. Learn more: https://bit.ly/3SFUoMH

Businesses that capitalize on the popular Research and Development Tax Credit will see changes in reporting requirements for the 2024 tax year. ⚠️ Here’s what you need to know. #R&Dtaxcredit #manufacturing https://hubs.li/Q02DnZhQ0