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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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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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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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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