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Tax services for the consumer products industry
Consumer products industries are facing a variety of tax issues due—from the impact of tax reform to nexus issues due to the elimination of physical presence standard. It’s crucial that middle market consumer products companies and their owners understand the key decisions and regulations that may affect their business operations. RSM’s tax professionals can help consumer products companies navigate today’s evolving tax environment.
RSM’s tax professionals realize tax savings for clients through a disciplined, integrated approach that anticipates how each tax challenge affects our clients at the local, state, national and international levels. We advise clients on tax matters that include abandoned property/escheatment, inventory markdowns, and sales and use tax and more:
Expenditure analysis
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Accounting methods
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Leasing
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Credits and incentives
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International issues
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State and local issues
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related insights
TAX ALERT
IRS issues favorable guidance for deducting business meals
The IRS issued interim guidance on the deductibility of certain business meal expenses that are related to entertainment activities.
ARTICLE
Economic sales tax nexus in a post-Wayfair world
Economic sales tax nexus is complicated following Wayfair. Brush up on the change and take a 5-question quiz to identify next steps.
INSIGHT ARTICLE
Tax savings considerations for omnichannel retailers
Investing in omnichannel to reach customers? Consider tax opportunities related to website development and business expansion.
INSIGHT ARTICLE
Retailers must be mindful of gift card tax pitfalls
Retailers should assess gift card procedures including an annual review of reporting, sales tax, unclaimed property and more.