Mary Eileen Vitale CPA CFP AEP

Posted in: Manufacturing

Do You Know How SECURE 2.0 Will Affect Your Manufacturing Company?

The SECURE 2.0 Act, enacted at the end of 2022, expands on the retirement plan improvements made by the Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act). In general, SECURE 2.0 gives employees the opportunity to save more and save longer for retirement, at a lower tax cost. In some […]

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Michael Shoffner

Posted in: Articles, Manufacturing

Manufacturers: Get Ahead of Cybercriminals Before It’s Too Late

Just because manufacturers may not sell directly to consumers doesn’t mean they’re not at risk of a cyberattack. Indeed, they may be directly affected when their customers or vendors get hit by a cyberattack. And while news media gives play to data breaches that occur at large retailers or financial institutions, manufacturers are becoming a […]

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James Reynolds CPA

Posted in: Articles, Manufacturing

7 Tax-Saving Opportunities for Manufacturers in 2023

After your manufacturing company’s 2022 tax return has been filed, you can focus your efforts on reducing its 2023 tax liability. What are the top tax-saving opportunities available to manufacturers this year? Here are seven prime candidates available for many companies: Section 179 deduction. The Sec. 179 “expensing” deduction continues to be a mainstay for […]

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Cheryl Lanese CPA CCIFP

Posted in: Articles, Manufacturing

Employer-Provided Child Care Credit Helps Manufacturers Help Their Workers

It’s certainly not news to you: There is a severe labor shortage in the manufacturing sector. In fact, according to the National Association of Manufacturers, nearly 2.1 million manufacturing jobs could be open by 2030. One way to attract and retain top talent is to provide an impressive slate of employee benefits. One such benefit […]

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James Horkey CPA/ABV CFF

Posted in: Articles, Manufacturing

Hit the Books! A Fixed Asset or Cost Segregation Study Could Boost Manufacturers’ Cash Flow

If you’re seeking opportunities to improve your company’s cash flow, consider a fixed asset or cost segregation study. Manufacturing is a capital-intensive industry, so it’s critical to ensure that fixed assets are classified properly to recover their costs as quickly as possible. Fixed Asset Study A fixed asset study examines all depreciable assets — including […]

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