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Weighing Options for Near-Shoring: Four Models for Manufacturing in Mexico
The path to manufacturing in Mexico depends on your needs, and there are several models to consider.
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Using cost segregation to enhance the new semiconductor manufacturing credit
Check out our recent article outlining the new semiconductor manufacturing tax credit from the CHIPS Act, and how a cost segregation study can be leveraged to enhance the benefits: https://www.claconnect.com/en/resources/articles/2022/cost-segregation-can-enhance-the-new-semiconductor-manufacturing-credit
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Taxpayers are still waiting for a Section 174 fix
Taxpayers and practitioners had hoped a “fix” under Section 174 would have been addressed by Congress by now. With the first quarter of 2022 behind us, however, we still have no legislation in place that would defer or eliminate the amortization requirement that went into effect for tax years beginning after December 31, 2021. This […]
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New Schedules K-2 and K-3 coming for the 2021 Tax Year
In an effort to replace, supplement and clarify the current foreign reporting structure and to increase taxpayer compliance with the international tax provisions of the Internal Revenue Code, the IRS has introduced Schedules K-2, Distributive Share Items – International, and K-3, Share of Income, Deductions, Credits, etc. – International, for partnerships and S corporations for 2021.
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New Direction for Potential Tax Legislation?
After a week of backdoor negotiations between President Biden and key Democrat holdouts Senators Joe Manchin and Kyrsten Sinema, the White House and progressive Democrats appear prepared to compromise on some significant priorities in order to cobble together a social spending package that can pass Congress.
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A Fresh Look at Your Organization Can Turn Challenge Into Opportunities
Are you confident that you’re heading toward lasting and positive change? Take a step back and review your strategic plans, people needs, and technology infrastructure.
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Determining Your Personal Readiness
The biggest reason business transitions fail is that the owners are not personally ready. It’s never too early to start building excitement for your next chapter, the 3rd Act.