Cheryl Lanese CPA CCIFP Archives - HW&Co. CPAs and Advisors

Is Your Manufacturing Company’s Budget Realistic?

By: Cheryl Lanese

As you begin planning your manufacturing company’s 2025 budget, it’s essential to create a comprehensive and realistic financial plan. A well-structured budget helps identify potential cash shortages, production capacity limitations, […]

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’ […]

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 […]

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: 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 […]

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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