Manufacturing, Distribution & Transportation Group

The market has changed significantly and will continue to do so. At WS+B, Manufacturing, Distribution & Transportation Group is one of our largest industry specialization areas. We understand the business and have a profound respect for people who not only "make things" but "make it all happen," too. We are ready to partner with you and bring a full range of services to your company that will put you in a position of strength.

Inside the Current Issue:

Features:
BENEFITS OF NEW SMALL BUSINESS JOBS ACT OF 2010 (pdf)
The new Small Business Jobs Act of 2010 (Act) introduces several changes in the tax law as well as extending certain tax benefits which have existed for the past couple of years. These changes can benefit many businesses and target, as you can guess, small businesses. The most beneficial changes involve depreciation and the carry back of the general business credit. The depreciation changes specifically can create opportunities for businesses and shareholders to significantly reduce their taxable income in the year the asset is placed in service.

SUPPLY CHAIN RELATIONSHIP AND MOST FAVORED NATIONS PRICING (pdf)
"Strategic Partnering" has become a common theme with Manufacturers and Distributors and their suppliers. In an effort to develop and enhance relationships where the parties eventually become mutually dependent on one another, contracts are signed and typically an assortment of covenants and provisions addressing the relationship are condensed to writing. We often see a "Most Favored Nations" (MFN) clause embedded in these contracts, which is usually a moniker of the State Department and the Diplomatic Corps. To understand the nuances of this term, consider the following.

IT'S TIME FOR A CHECKUP ON YOUR COMPLIANCE WITH IRC SECTION 263A (pdf)
The Internal Revenue Service ("IRS") continues to focus their audit efforts on areas that represent "opportunities" to fund the needs of the Treasury, especially on areas where taxpayers can occasionally misstep. One complex area is Internal Revenue Code Section 263A ("IRC 263A"), Capitalization and Inclusion in Inventory Costs of Certain Expenses.

THE FUTURE OF THE "BUSH TAX CUTS" (pdf)

The expiration of the Economic Growth and Tax Relief Reconciliation (2001) and the Jobs Growth Tax Relief Reconciliation Act (2003) is arguably the hottest topic in taxation and politics today. These two pieces of legislation, commonly referred to as the "Bush Tax Cuts", were set to expire at the end of 2010. The Obama administration had historically taken the position that these acts would sunset and not be extended; however, a combination of an unstable economy and a changing of the guard in Congress has forced the administration to re-examine their agenda with respect to this issue. After an extensive negotiation process, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 into law on December 17, 2010 after the Senate and House came on board.

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