Manufacturing Archives - Page 2 of 6 - HW&Co. CPAs and Advisors

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 […]

How Manufacturers Can Factor Depreciation Tax Breaks Into Their 2024 Asset Purchase Planning

By: Cheryl Lanese

When manufacturers purchase equipment and other tangible property, they can take advantage of various tax incentives, such as Section 179 expensing and first-year bonus depreciation. Bonus depreciation has been decreased […]

Manufacturers: Don’t Turn a Blind Eye to Occupational Fraud

By: Tony LaNasa

Occupational fraud, or employee fraud, is a serious issue for all firms. According to the Association of Certified Fraud Examiners (ACFE), firms lose 5% of their revenue to fraud each […]

Labor Shortages: How Manufacturers Can Attract and Retain Qualified Workers

By: Daniel Kaminski

The CFO Survey, a collaboration between Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta, monitors CFO optimism and key concerns. According to the […]

Manufacturers: Pay Attention to These 6 Tax-Related Items in 2024

By: Cheryl Lanese

What are the tax implications for manufacturers as 2024 begins? While some sections of the Tax Cuts and Jobs Act (TCJA) begin to expire, other tax laws, such as the […]

Reining in Waste Can Positively Affect Manufacturers’ Profitability

By: Daniel Kaminski

The most profitable manufacturers make as many products with as few resources as possible. So strategic cost savings is important. One way for manufacturers to save is to rein in […]

Manufacturing Company Owners’ Compensation: What’s Considered Reasonable?

By: Daniel Kaminski

It’s not uncommon at year end for manufacturing company owners to review the year’s performance and consider whether they’ve been fairly compensated for their efforts. Indeed, if the business has […]

Year-End Tax Planning for Manufacturers: Combine the Sec. 179 Expensing Election With First-Year Bonus Depreciation

By: Cheryl Lanese

Implementing year-end tax planning strategies now can help reduce your manufacturing company’s 2023 tax bill. Indeed, a lower tax bill can improve your cash flow and your bottom line. One […]

Review Your Manufacturing Company’s R&E Expenditures

By: Cheryl Lanese

Recent changes to the tax treatment of research and experimental (R&E) expenses may affect the tax bills of many manufacturers. Amendments made to the Tax Cuts and Jobs Act (TCJA) enacted impactful changes that […]

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