Manufacturers: Should You Buy or Lease? By: Kim Zagar CPA There are major federal income tax incentives for manufacturers to buy new equipment. Yet leasing equipment can be a better choice for some companies. How do you decide whether to […]
Manufacturers: Don’t Miss Out on an R&D Tax Credit By: Cheryl Lanese The credit for increasing research activities, commonly referred to as the research and development (R&D) credit, is one of the biggest and best tax breaks available to manufacturing companies. Unlike […]
ODJFS Updates Unemployment Insurance Tax System By: Kim Zagar CPA According to the Ohio Department of Job and Family Services (ODJFS), a new unemployment insurance tax system for employers went live yesterday, Dec. 6, 2021. The new system—called State of […]
Manufacturers: Is It Time for a Cost Segregation Study? By: John Krizansky CPA Manufacturers often own the building, or several buildings, where their goods are produced. Normally, it takes almost four decades (39 years) to fully recover the cost of a commercial property […]
Not my plant! Preventing ransomware attacks on manufacturers By: Cheryl Lanese The world’s largest meat production company was recently sidelined by a ransomware attack. The hack forced the company to temporarily shutter plants in the United States, Canada, and Australia, affecting […]
Chief Executive names Ohio in the top ten best states for business Chief Executive surveys CEO’s around the U.S. to determine their annual list of “Best & Worst States for Business.” This year, Ohio is again a top 10 best state for […]
Tax Planning Opportunity for Small Manufacturers By: Don May The TCJA provides small manufacturers exemptions from the use of full absorption method of inventory costing (§471) and uniform capitalization (§263A). A small manufacturer is any manufacturer with average annual […]