Cheryl Lanese CPA CCIFP Archives - Page 3 of 3 - HW&Co. CPAs and Advisors

S Corporation Vs. LLC: The Way a Manufacturing Company Is Structured Affects Taxes and More

By: Cheryl Lanese

For decades, owners of small to midsize manufacturing companies have opted for the S corporation form of ownership, rather than being subject to the double taxation of C corporations. However, […]

Manufacturers Need to Act Soon to Take Advantage of 100% First-Year Bonus Depreciation

By: Cheryl Lanese

First-year bonus depreciation typically creates a powerful tax incentive for eligible manufacturers to purchase qualified property needed for business reasons. These tax write-offs can benefit a manufacturer’s cash flow, but […]

5 Ways to Upskill Your Workforce

By: Cheryl Lanese

Last year was another tumultuous one in the manufacturing sector. The continued impact of the COVID-19 pandemic, unprecedented disruptions to the supply chain and a competitive business environment were all […]

Manufacturers: Don’t Miss Out on an R&D Tax Credit

By: Cheryl Lanese

The credit for increasing research activities, commonly referred to as the research and development (R&D) credit, is one of the biggest and best tax breaks available to manufacturing companies. Unlike […]

What you can do to prevent fraud in your construction company

By: Tony LaNasa

Fraud is costly for all victimized companies, but it’s even worse in the construction sector. According to the Association of Certified Fraud Examiners’ Report to the Nations: 2020 Global Study […]

Not my plant! Preventing ransomware attacks on manufacturers

By: Cheryl Lanese

The world’s largest meat production company was recently sidelined by a ransomware attack. The hack forced the company to temporarily shutter plants in the United States, Canada, and Australia, affecting […]

New from the IRS: Form 1099-NEC

By: Cheryl Lanese

The IRS has officially unveiled the new 1099-NEC form. Beginning with tax year 2020, filers must use Form 1099-NEC to report any non-employee compensation. This form replaces form 1099-MISC Box […]

Good records are the key to tax deductions and trouble-free IRS audits

By: Cheryl Lanese

If you operate a small business, or you’re starting a new one, you probably know you need to keep records of your income and expenses. In particular, you should carefully […]

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