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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

  • Donating inventory
  • Package design costs
  • Meals and entertainment
  • Clothing allowances

Accounting methods

  • Inventory and uniform capitalization
  • Advanced payments
  • Returns and allowances
  • Customer incentives
  • Cost segregation
  • Retail depreciation

     

Leasing

  • Anchor tenant benefits
  • Tenant allowances
  • Qualified leasehold improvements

 

Credits and incentives

  • Research and development
  • Tips credits
  • Work opportunity tax credits

International issues

  • Permanent establishment
  • Foreign tax credit planning
  • Transfer pricing
  • Global indirect tax
  • Tax treaty issues

State and local issues

  • Nexus
  • Structuring/planning
  • Sales and use tax
  • Unclaimed property
  • Property tax

related insights

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IRS issues favorable guidance for deducting business meals

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Economic sales tax nexus in a post-Wayfair world

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Tax savings considerations for omnichannel retailers

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Retailers must be mindful of gift card tax pitfalls

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Retailers should assess gift card procedures including an annual review of reporting, sales tax, unclaimed property and more.