Inflation is now top of mind following the White House’s announcement of tariffs ranging from 10% to 125%. Retailers and wholesalers reselling imported goods will incur increased costs, and manufacturers purchasing raw materials from foreign sources will also face higher input prices. As a result, elevated goods inflation and reduced profits for companies buying and/or […]
The Bureau of Labor Statistics (BLS) released March 2025 Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products decreased 5.8% in the last month and rose 7.4% in the last twelve months Processed foods + feeds rose 0.2% from February and increased 2.9% since March 2024 […]
The Bureau of Labor Statistics (BLS) released March 2025 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items rose 0.2% in the last month and increased 2.4% in the last twelve months Food at home increased 0.5% from February and rose 2.4% since March 2024 […]
The Bureau of Labor Statistics (BLS) released February 2025 Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products increased 7.4% in the last month and rose 16.7% in the last twelve months Processed foods + feeds rose 0.6% from January and increased 4.1% since February 2025 […]
The Bureau of Labor Statistics (BLS) released February 2025 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items rose 0.4% in the last month and increased 2.8% in the last twelve months Food at home increased 0.1% from January and rose 1.9% since February 2024 […]
CPAs should be aware of situations for which their clients are using Specific Goods LIFO. Read the full blog article to see why
Check out our comprehensive guide containing the top 2024 LIFO opportunities and strategies for all companies Quickly find the most meaningful LIFO tax savings available this year for companies that aren’t on LIFO, but are ideal candidates, or download our complete list of 2024 top LIFO election candidates Excel file 2024 Top Tax Savings Tips […]
UPDATED 1/29/25 TO INCLUDE DECEMBER 2024 BUREAU OF LABOR STATISTICS INFLATION RATES! View/Download the PDF report version of this guide or our 2024 Top LIFO Candidates List Excel file by clicking the buttons below! LIFOPro’s 2024 Top LIFO Election Candidates List LIFOPro’s 2024 top LIFO election candidates list provides you with the ability to quickly […]
Updated 1/30/2025 with December 2024 Inflation Rates View/Download the PDF report version of this guide or our 2024 Top LIFO Candidates List Excel file by clicking the buttons below! 2024 Top LIFO Tax Savings Opportunities Abound Although inflation has returned to a more normalized level, there are many industries with inflation at or above the […]
Overview The IRS defines a bargain purchase as an acquisition of assets at a price that’s lower than the seller’s cost. Such events frequently occur as a part of a bulk purchase of assets from a business experiencing financial distress. These events can also occur with a bulk purchase of assets where the allocation of […]
The Bureau of Labor Statistics (BLS) released January 2025 Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products increased 1.6% in the last month and rose 12.4% in the last twelve months Processed foods + feeds rose 0.4% from December and increased 4.6% since January 2024 […]
The Bureau of Labor Statistics (BLS) released January 2025 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items rose 0.7% in the last month and increased 3.0% in the last twelve months Food at home rose 0.8% from December and increased 1.9% since January 2024 […]
