James Reynolds CPA

Posted in: Articles, Manufacturing

Is Your Manufacturing Company Eligible for Clean Energy Tax Credits?

The Inflation Reduction Act (IRA), enacted in late 2022, provides valuable tax credits that support clean energy manufacturing. Significantly, the law created the Advanced Manufacturing Production Tax Credit (45X MPTC), which is an incentive for producing clean energy components. In addition, the IRS expanded the Advanced Energy Project Investment Tax Credit (48C ITC) program. Eligible […]

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Kim Zagar CPA

Posted in: Articles, Manufacturing

Big Data Analytics Can Transform Your Manufacturing Business

What if you could improve product quality, increase productivity, reduce waste and minimize variability with only minor adjustments to your manufacturing process? That’s the promise of big data analytics. Data analytics isn’t new. Businesses have always gathered data about their operations and used it to drive informed decision-making. But today’s advanced technologies and cheaper computing […]

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Posted in: Articles, Manufacturing

IRS Provides Guidance on Advanced Manufacturing Investment Credit

The IRS recently proposed regulations which clarify the Advanced Manufacturing Investment Credit. Established by the Creating Helpful Incentives to Produce Semiconductors Act of 2022 (commonly referred to as the CHIPS Act), the credit incentivizes the production of semiconductors and semiconductor manufacturing equipment in the US. For qualified property placed in service after Dec. 31, 2022, […]

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John Krizansky CPA

Posted in: Articles, Manufacturing

Manufacturers: Achieving and Maintaining a Strong Cash Flow Requires Diligence

Every manufacturer is different, so the right cash flow strategies depend on your situation. Let’s take a closer look at several areas where you may find ways to improve your cash flow. Cash Flow Projections You can’t manage cash flow unless you monitor and measure it. In good times, the income statement usually receives top […]

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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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