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Bonus Corporation was formed in 2 0 0 2 . It is based in Tennessee and operates throughout the US southeast. The company controls over
Bonus Corporation was formed in It is based in Tennessee and operates throughout the US southeast. The company controls over $ million in productive assets, most of which are located in Tennessee.
Bonus provides mined minerals used extensively in steel production, but also in other industrial applications. Their industry is concentrated among major competitors, most of which are located outside of the US Bonus has used its favorable location and specific intellectual property assets to be profitable in most years, though there were a few years when the sector contracted and Bonus incurred large operating losses. The most recent loss year was
Bonus' senior leadership has tried to deal with legacy costs related to past environmental practices. They expect local and federal fines and penalties to be levied over the next years. This means it expects to show book and tax losses during that time, after which regular profitability will return.
Bonus' financial statements are prepared in accordance with US GAAP, and its lenders utilize these statements in monitoring the company. Bonus has a tax department of and has a robust internal audit function. Bonus uses your firm for its outside tax work, most of which is multijurisdictional tax planning, including the income tax return that it files with the US federal government, states, and cities.
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