Prepare for 2023 with information on LIFO inventory taxes, five steps to recession proof your business, and expiring tax laws; this and more covered in the Lumsden McCormick January 2023 Manufacturing Newsletter.
With rising interest rates, inflation and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. As we approach year end, now is the time for individuals, business owners and family offices to review their 2022 and 2023 tax situations and identify opportunities for reducing, deferring, or accelerating their tax obligations.
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