Following the end of the tax year 2020/21, employers that have awarded carried interest and co-investment entitlements to employees including directors and salaried members should consider whether they need to report these on their Employment Related Securities return.

Traditional approaches to performance improvement have tended to focus on EBITDA improvement or cashflow improvement as separate challenges that can be addressed by separate teams and are owned by separate functions. Sales are responsible for growing revenue; procurement is responsible for lowering cost; operations are responsible for inventory; and finance and shared service centers are responsible for cash. However, we believe that integrating these approaches is critical for Aerospace & Defense industry organizations. Those with a unified capital management strategy will not only weather the current turbulence but emerge as market leaders in the post-COVID-19 world.

The Indian textile (fabrics, apparel, home furnishings) industry is one of the nation’s oldest and employs the second largest workforce after agriculture. As a result, India has the advantage of having the entire value chain within the country and has easy access to raw materials, in addition to cheap and skilled labor. However, it still lags its peers (Vietnam and China) in terms of productivity and cost-effectiveness.

Tax data analytics and visualization can help tax departments address these tax requirements and present tax executives and stakeholders with opportunities to leverage in-depth insight into their data to make strategic tax planning decisions.

Global M&A activity is rebounding, with announced transaction volumes for the 4th quarter of 2020 exceeding 2019 levels. What does this mean for buyers and sellers as they continue to navigate this “new normal”? Learn more in the 2nd of our 4-part series, Your Next Deal Will Be Different.

Learn more about Finance Transformation and how it can drive savings.

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Originally enacted in the Energy Policy Act of 2005 and recently made permanent as part of the Consolidated Appropriations Act of 2021, 179D provides a tax deduction of up to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.

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.