How Inflation And Supply Chain Disruptions Can Increase Your Business’ Tax Bill

Author: External Author | | Categories: Tax Preparation Services , Tax Preparer , Tax Services

Over the past two years manufacturers and resellers have struggled to maintain inventory levels due to global supply chain issues, and now are facing the highest inflation rates since 1981. Unfortunately, a deteriorated supply chain and increased inflation most likely will increase the tax bill for businesses that use the LIFO method of accounting.

Read More

Original Article Source Credits:   Forbes ,

Article Written By:  Lynn Mucenski Keck

Original Article Posted on:  May 24, 2022

Link to Original Article: