Take Advantage of Tax Savings During a Business Expansion
As companies are looking ahead at the future of their business, several are considering expanding to add additional…
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Avoiding Capital Gains Tax due to Monsanto Merger
St. Louis recently learned of the potential merger of German pharmaceutical company, Bayer and St. Louis based agricultural…
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When to Review Your UNICAP Calculations
Everyone is working on their year-end accounting. As accounts are being reconciled and inventory is taken, have you…
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Reviewing Bonus Plans to Ensure Appropriate Yearly Deductions Should be a Best Practice for Employers
Most taxpayers accrue bonuses at the end of the year and take a tax deduction as long as…
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Excess Contributions to an IRA Means Excise Tax, but it Doesn’t Mean it Can’t be Corrected
If a taxpayer makes a contribution to their traditional IRA or ROTH IRA and later realizes they were…
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Mixed Service Inventory Costs Used in UNICAP
We recently detailed some of the basics of the uniform capitalization rules (UNICAP) under IRC Sec. 263A. This code…
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