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You don’t have to be a manufacturer to take the “manufacturers’ deduction”
The manufacturers’ deduction, also called the “Section 199” or “domestic production activities deduction,” is 9% of the lesser of qualified production activities income or taxable income. The deduction is also limited to 50% of W-2 wages paid by the taxpayer … Continue reading
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Tagged Manufacturers Deduction, Section 199, Tax Filing, Taxes
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Avoiding Email Fraud
Last week we had an interesting chain of events involving a client, e-mail compromise and potential loss of funds, none took place but possibility was there. The scenario that took place played out as follows: A tax partner for a … Continue reading
The President’s Deficit Reduction Proposal
President Obama recently unveiled his “Living Within Our Means and Investing in the Future: The President’s Plan for Economic Growth and Deficit Reduction” proposal, which combines spending cuts with revenue raisers. There are a number of significant tax provisions in this … Continue reading