S2E11: Moore On Manufacturing: Tax Law Updates and Planning for Year End

<p>On this episode of Moore on Manufacturing we’re joined by John VanDuzer, partner with James Moore and leader of our tax service lines. Together we discuss tax planning opportunities and reminders for year end. John will also give us an update on where things stand with potential tax law changes.</p> <p>Sign up to receive Moore in Manufacturing notifications when new episodes are released: <a href='https://www.jmco.com/moore-on-manufacturing/'>https://www.jmco.com/moore-on-manufacturing/</a>.</p> <p>To learn more about the James Moore Manufacturing Team: <a href='https://www.jmco.com/industries/manufacturing/'>https://www.jmco.com/industries/manufacturing/</a> 00:10 – Welcome & Introductions</p> <p>1:20 – Approaching Year End and Taxes</p> <p>2:06 – Special Tax Benefits or Credits</p> <p>2:30 – Employee Retention Credit</p> <p>3:00 – Qualified Business Income</p> <p>4:27 – R&D Example</p> <p>5:30 – Things to Think About</p> <p>8:46 – Industrial Bonus Depreciations</p> <p>10:01 – Year 0End Taxable Inventory</p> <p>12:23 – Get Rid of Equipment Not Being Used</p> <p>13:18 – Cash Basis Provisions</p> <p>16:20 – The Latest Perspective on The Biden Tax Plan</p> <p>25:25 – Wrap-Up</p>