Moore on Manufacturing: Top 6 Year-End Tax Planning Strategies

The year’s end is always a good time for manufacturers to set tax planning strategies. But as we know, 2020 isn’t just any year. In addition to the usual opportunities, COVID-19 (and the resulting aid packages) adds a whole new wrinkle to the process. Now more than ever, manufacturers can minimize tax exposure and take advantage of cash-generating tax strategies.

During our premiere episode of Moore on Manufacturing, James Moore & Co. partner Mike Sibley and director Carrie Boynton, will dive into the various tax planning strategies you must consider before year-end.

00:10 - Welcome and Introductions
01:34 - Paycheck Protection Program’s Impact on Taxes
05:51 - Benefits of the CARES Act
08:14 - Net Operating Losses Carrybacks
12:26 - Opportunities with Switching from Accrual to Cash Basis Accounting
14:27 - Prepaid Expenses
16:10 - Research and Development Tax Credits
20:07 - Wrap-Up

Sign up to receive notifications when new videos are released - https://www.jmco.com/moore-on-manufacturing/