A new inventory deduction could mean major tax savings for online retailers and store-owners. With these new rules in place, their inventory could be considered a tax benefit rather than a tax liability! With the Tax Cuts and Jobs Act of 2017 underway, business owners should consider talking to their certified public accountant about their accounting method. These new rules could mean more favorable tax savings if the business meets the requirements.
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As we approach 80 years, Ellin & Tucker remains firmly in the room, driven by a legacy of excellence in teamwork, leadership, and service. Our strength has always been in our people, and together, we’ll continue to stand with the next generation of difference-makers and leaders, ready to shape the future.
