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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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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Manufacturers: Be Aware of These 3 Business Tax Provisions Currently in Limbo

Are you up to date on the latest tax law changes that could affect your manufacturing business? Barring further legislation, certain key tax provisions have expired or have begun to phase out. Here are three that could have a significant impact on your company: Beneficial business interest deduction rules. Under longstanding rules, a business entity […]

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Manufacturers, Be Proactive: “Recession-Proof” Your Business Now

You’ve likely heard the steady drumbeat of news that 2023 may see a global recession. Whether that prediction comes to fruition depends on myriad variables. However, as a manufacturing company owner, it would be foolhardy to overlook the economic factors. While no business is recession-proof, there are strategies to implement today to prepare for a […]

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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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