Daniel Kaminski CPA Archives - HW&Co. CPAs and Advisors

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’ […]

AI Revolutionizes Manufacturing

By: Daniel Kaminski

Artificial intelligence (AI) has been making waves in manufacturing for some time, but its adoption has surged dramatically in recent years. In 2023, investments in AI within the manufacturing sector […]

Considering Automation in Your Manufacturing Plant

By: Daniel Kaminski

If your manufacturing plant has invested in automated equipment, such as robots, you’re not alone. According to the International Federation of Robotics, U.S.-based manufacturers invested in 44,303 robotic units in […]

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 […]

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 […]

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 […]

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: 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 […]

The audit is over. Now what?

By: Daniel Kaminski

Whew! That’s probably your reaction when outside experts announce that their audit of your not-for-profit is complete. But even if auditors have left your premises and returned the documents they’ve […]

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