Manufacturing Archives - Page 3 of 6 - HW&Co. CPAs and Advisors

Are You Prepared to Join the Manufacturing 4.0 Revolution?

By: Daniel Kaminski

Manufacturing 4.0, sometimes called “Industry 4.0,” refers to the digitalization of manufacturing. That means the integration of traditional manufacturing processes and practices with cutting-edge “smart” technology. How might Manufacturing 4.0 […]

Rolling Forecasts Can Provide Clarity for Manufacturers

By: Daniel Kaminski

Supply chain interruptions have demonstrated the flaws in conventional budgeting and forecasting methods. Manufacturers find it challenging to forecast their performance for the next year even under the best of […]

Manufacturers: If You Qualify, Be Sure You’re Taking Maximum Advantage of the Section 199A Deduction

By: Cheryl Lanese

Manufacturing company owners who value personal asset protection from creditors typically operate their businesses as C corporations. However, in recent years, some owners have switched their companies’ form of business […]

Manufacturers: Make the Most of the General Business Credit

By: Daniel Kaminski

Generally, tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business’s taxable income, a credit reduces its tax liability dollar for dollar. Tax credits […]

Successfully Navigating the Shift to Reshoring Manufacturing Production Can Be Tricky

By: Cheryl Lanese

For decades, products that were made in America were synonymous with high quality and were manufactured in great abundance. Comparable products from other countries were often viewed as cheaper knockoffs. […]

Can ESG Activities Benefit Your Manufacturing Business?

By: Cheryl Lanese

Manufacturers may wish to think about implementing environmental, social, and governance (ESG) activities in today’s fiercely competitive market. While doing good may be its own reward, these ethical business procedures […]

How Profitable Are the Products You Manufacture?

By: Kim Zagar CPA

Most manufacturers have a good idea of how profitable their business is overall, but not necessarily the profitability of individual products. Unless you track the costs of manufacturing each product, […]

Manufacturers: If Available, Take Advantage of Sales Tax Exemptions

By: James Reynolds

Manufacturers must comply with all relevant tax laws to avoid dire consequences. While the most attention is generally directed toward federal income and payroll taxes, there’s another potential aspect to […]

Is Your Manufacturing Company Eligible for Clean Energy Tax Credits?

By: James Reynolds

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), […]

Big Data Analytics Can Transform Your Manufacturing Business

By: Kim Zagar CPA

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 […]

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 […]

Manufacturers: Achieving and Maintaining a Strong Cash Flow Requires Diligence

By: John Krizansky CPA

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 […]

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