Current Events

3 Ways Manufacturers Can Prepare for the Next Supply Chain Disruption

Before the COVID-19 pandemic, many manufacturers’ supply chain management efforts focused on reducing costs and increasing efficiency, in some cases at the expense of flexibility and resiliency. But the pandemic highlighted the vulnerability of global supply chains to disruptions. Such disruptions can be caused not only by public health emergencies, but also natural disasters, political […]

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HW&Co. Supports International Fraud Awareness Week

Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). Occupational Fraud 2022: A Report to the Nations analyzed 2,110 occupational fraud cases that caused a total loss of more than $3.6 billion. The seriousness of the global fraud problem […]

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Manufacturers Must Act Now to Maximize Depreciation-Related Tax Breaks for 2022

As the end of the year nears, manufacturers are looking to get the most tax bang for their buck. One proven method is to maximize tax breaks relating to depreciation. In some cases, your company may realize instant tax gratification by currently deducting the full cost of business property placed in service in 2022 — […]

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2023 Limits for Businesses That Have an HSA — Or Want to Establish One

No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way to provide some of these benefits is through an employer-sponsored Health Savings Account (HSA). For eligible individuals, an HSA offers a tax-advantaged way to set aside funds (or have their employers do so) to meet […]

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Inflation Means You and Your Employees Can Save More for Retirement in 2023

How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice 2022-55, the IRS recently announced cost-of-living adjustments that apply to the dollar limitations for pensions, as well as other qualified retirement plans for 2023. The amounts increased more than they have in recent years due […]

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