Manufacturing Archives - HW&Co. CPAs and Advisors

Uncover the True Worth of Your Manufacturing Business

By: James Horkey

Many manufacturing business owners have a rough estimate of their company’s value. However, a professional valuation is essential if you’re considering selling your business, applying for a loan, seeking financing, […]

Manufacturers: Start Year-End Tax Planning Now

By: Cheryl Lanese

As the year comes to a close, manufacturers have the opportunity to implement year-end tax planning strategies to help reduce their 2024 tax liability. Several provisions of the Tax Cuts […]

Key Labor Costs Manufacturers Must Keep in Check

By: Cheryl Lanese

Effectively managing workers’ compensation and unemployment insurance expenses is vital for manufacturers to ensure financial stability. Without strategies in place, these key labor costs can quickly erode profits. Cut Workers’ […]

AI Revolutionizes Manufacturing

By: Daniel Kaminski

Artificial intelligence (AI) has been making waves in manufacturing for some time, but its adoption has surged dramatically in recent years. In 2023, investments in AI within the manufacturing sector […]

Considering Automation in Your Manufacturing Plant

By: Daniel Kaminski

If your manufacturing plant has invested in automated equipment, such as robots, you’re not alone. According to the International Federation of Robotics, U.S.-based manufacturers invested in 44,303 robotic units in […]

Look Beyond Revenue to Maintain Long-Term Growth for Your Manufacturing Company

By: Cheryl Lanese

Successful manufacturers know that the key to sustainable growth is increasing profits, not just revenue. Let’s take a closer look at some ways you can boost your bottom line. Reduce […]

Can Your Manufacturing Company Benefit From a Cost Segregation Study?

By: Cheryl Lanese

When manufacturers buy, build, or improve their facilities, they make a significant investment. However, these expenses are often not immediately tax deductible. Fortunately, there may be another way to expedite […]

Ohio House Bill 435 Proposes Creation of Manufacturing Technologies Assistance Program (MTAP)

By: Cheryl Lanese

In a bid to bolster Ohio’s manufacturing sector, Ohio House Bill 435 is proposing to establish the Ohio Manufacturing Technologies Assistance Program (MTAP), a $12 million grant program that would […]

8 Strategies for Boosting Your Manufacturing Production Capacity

By: Cheryl Lanese

Are your manufacturing company’s sales booming in recent years, causing you to operate at full capacity? One solution is to broaden your operational footprint. However, this entails significant capital outlays, […]

Can Your Manufacturing Company Benefit From the Work Opportunity Tax Credit?

By: Cheryl Lanese

The search for skilled workers in the manufacturing industry continues. According to the US Bureau of Labor Statistics, over 600,000 manufacturing-related jobs were available in December 2023. The Manufacturing Institute, an […]

Segmented Income Statements Can Help Enhance Manufacturers’ Profitability

By: Daniel Kaminski

Most manufacturers publish company-wide income statements. But have you explored delving further into your data using a segmented income statement? If properly developed, a segmented version of this report could […]

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