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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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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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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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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