Retailers and consumer goods manufacturers have struggled for decades closing Out-of-Stock (OOS) rates beyond average levels around eight percent. Resulting in frequent lost sales and poor customer experience, this On-Shelf Availability (OSA) issue has become so prevalent and accepted that many have deemed its impact as the “Trillion-Dollar Black Hole.”

Originally enacted in the Energy Policy Act of 2005 and recently made permanent as part of the Consolidated Appropriations Act of 2021, 179D provides a tax deduction of up to $1.80 per square foot (indexed  for inflation beginning in 2021) for new construction, retrofits or expansions of commercial buildings that install lighting, building envelope or HVAC systems that reduce the buildings total energy and power costs by 50% or more in comparison to certain standards.

The Biden Administration and Senate Democrats recently released more details on proposed tax law changes. Not surprisingly, they involve tax increases.

There has recently been a trend among fund managers and investment fund structures to consider alternative jurisdictions following the introduction of the EU’s list of non-cooperative tax jurisdictions (“EU blacklist”) in December 2017 which was introduced to improve tax governance globally, and to ensure the EU’s international counterparts respected the same tax standards as EU Member States to prevent tax avoidance and harmful tax practices. The A&M Taxand team has prepared an article explaining the key benefits, considerations and legal features of Scottish Limited Partnerships (“SLP”).

Frankie Leung and Chris Fordham share recent trends and observations on corporate fraud and corruption in the Chinese mainland and Hong Kong SAR in an in-depth feature by Financier Worldwide.

Shifting attitudes towards inventory and supply chains have significant implications for working capital management. “Broadly, companies relying on just-in-time supply chains and highly lean inventories have suffered most through the pandemic’s disruptions”, says Cody Chenault, Managing Director at Alvarez & Marsal (A&M).

Fabrizio Lolliri to lead AM’s Global Transfer Pricing practice, positioning his experience across markets and industries to address clients’ growing needs

The Consolidated Appropriations Act, 2021 (“CAA”) increased the business expense deduction for food or beverages provided by a “restaurant” from 50 percent to 100 percent through 2022.

What Forward-Thinking Steps Should Companies be Taking Now to See Greater Working Capital Returns in the Future?  

The Consolidated Appropriations Act 2021 (“CAA”) increased the deduction for the cost of food and beverages provided by a restaurant from 50% to 100%. The IRS recently issued Notice 2021-25 to provide guidance on when the 100% deduction applies.

Despite its intrinsic resilience, effects of COVID-19 have significantly impacted Healthcare Providers operations and their profitability, or even introduced a significant element of financial distress. With all due nuances across the Industry and its sub-sectors, a substantial number of players proved “unprepared” to face these unprecedented challenges, actually highlighting how the Industry lags behind in terms of ‘short term’ financial intelligence.

Now that the 2020/21 tax year has ended, employers should be thinking about the various compliance deadlines coming up in the next few months around employee benefits, expenses and share schemes. We are seeing HMRC step up their activity in this area, and so it is essential that employers have robust processes and controls in place to remain compliant. This article sets out some of the key employment tax deadlines coming up, as well as other important reminders for employers.

Leading global professional services firm Alvarez & Marsal (A&M), has appointed Gwendolyn Van Tunen as Senior Adviser in its Financial Industry Advisory Services team. Ms. Van Tunen will be based in Amsterdam.