- Companies that meet the criteria must perform a Reasonable Country of Origin Inquiry (RCOI). This can be an onerous and expensive requirement, as manufacturers must trace their supply chain all the way back to the source to determine if any component contains minerals coming from the DRC Conflict Region. The first SEC report filing is due by May 31, 2014, with annual filings to follow.
- There are a number of special rules that apply to cooperatives for purposes of calculating the Section 199 Domestic Production Activities Deduction (DPAD). For instance, cooperatives that market agricultural or horticultural products for their patrons are treated as having manufactured, produced, grown or extracted (MPGE) any agricultural or horticultural products that its patrons have MPGE.
- To paraphrase the Rolling Stones, the future of sustainable food production in the United States may be a biogas, gas, gas − thanks to tools available through Baker Tilly as part of a grant funded by the State of Wisconsin State Energy Office. Baker Tilly received a grant from Wisconsin’s State Energy Office to create a feedstock assessment mapping tool, conduct biogas technology evaluation, and create an economic toolkit.
- The section 199 deduction, also known as the Domestic Production Activities Deduction (DPAD), was introduced into US tax law as part of the American Jobs Creation Act of 2004. While the deduction itself is not new, the IRS continues to issue rulings that impact the calculation and deduction as it pertains to cooperatives.
- Whether it’s changing customer demands, compliance with new government regulations, intense competition, or technological advancements, today’s market pressures call for constant change within an organization.
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