Welcome to the end of 2024! This year has been full of change; the stock market has trended upwards, a new Administration will soon take office, and business conditions have been mixed, due in part to continued labor shortages and increased costs. Despite these changes, one constant has generally been tax policy. Congress has taken no recent action to address many provisions that have affected manufacturers and wholesale distributors in the recent years. With the new Administration taking office in January, it is possible that changes are ahead, and it is critical for manufacturers, wholesale distributors and other small businesses to understand how they may be affected. Read ahead to learn how tax policy may affect planning for manufacturers and wholesale distributors for the current and near-term tax years.
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