Manufacturing Archives - Page 4 of 6 - HW&Co. CPAs and Advisors

Hit the Books! A Fixed Asset or Cost Segregation Study Could Boost Manufacturers’ Cash Flow

By: James Horkey

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 […]

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

By: Cheryl Lanese

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 […]

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

By: Kim Zagar CPA

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 […]

3 Ways Manufacturers Can Prepare for the Next Supply Chain Disruption

By: John Krizansky CPA

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 […]

Manufacturers Must Act Now to Maximize Depreciation-Related Tax Breaks for 2022

By: Cheryl Lanese

As the end of the year nears, manufacturers are looking to get the most tax bang for their buck. One proven method is to maximize tax breaks relating to depreciation. […]

To Stay Competitive, Manufacturers Must Implement the Right Market Strategy

By: John Krizansky CPA

Inflation. Labor shortages. Supply chain delays. Manufacturers have had a lot on their plates the past couple of years. Across the board, the result has been increasing prices. But raising […]

Inflation Reduction Act Enhances Payroll Tax Break for Small Manufacturers’ Research Expenses

By: Cheryl Lanese

Is your manufacturing company on the cutting edge? It’s important to keep pace with the competition, especially if you’re trying to carve out a niche in a new marketplace. Fortunately, […]

On the Road Again: It’s Time for Manufacturers to Review Business Travel Expense Deduction Rules

By: Cheryl Lanese

Business travel has been picking up again this year. If your manufacturing company has recently resumed travel to visit key customers and suppliers — or is planning to soon — […]

5 Tips for Reducing Workers’ Compensation Costs

By: Kim Zagar CPA

For most manufacturing businesses, workers’ compensation insurance is a significant expense. Here are five tips for better controlling these costs: 1. Make sure employees are classified properly. Workers’ compensation insurers […]

Why Are Tax Implications Important When Selling Your Manufacturing Business?

By: Cheryl Lanese

If you’re contemplating selling your manufacturing business, be sure you understand the tax implications. The way that your business (as well as the transaction) is structured can impact your tax […]

How Manufacturing Companies Can Benefit From the Section 179 Expensing Deduction

By: Cheryl Lanese

Does your manufacturing company need to acquire new equipment to meet demand? Fortunately, there’s a tax break that can help: the Section 179 deduction. It allows you to deduct this […]

Expanding Employee Benefits Can Bring In Manufacturing Workers

By: John Krizansky CPA

The labor shortage in the manufacturing sector has been well documented. As of October 2021, the number of workers in the industry had declined by almost 400,000 from pre-pandemic levels. […]

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