Got Independent Contractors? Get to Know Form W-9
If your company is perpetually shorthanded, you may have decided to engage independent contractors or freelancers to pick up some of the slack. Just make sure you’re collecting the right […]
Post Author: Kim Zagar CPA
How Profitable Are the Products You Manufacture?
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, […]
Big Data Analytics Can Transform Your Manufacturing Business
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 […]
Ohio’s TechCred Program Provides Technology Training Reimbursement
Ohio’s current TechCred Program application period for businesses opened January 3, 2023, and closes January 31, 2023, at 3:00 p.m. TechCred provides Ohio businesses with the opportunity to receive reimbursement […]
Manufacturers, Be Proactive: “Recession-Proof” Your Business Now
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 […]
5 Tips for Reducing Workers’ Compensation Costs
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 […]
Is your business required to report employee health coverage?
As you’re aware, certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so, what must be done? Basic […]
Independent Contractors Vs. Employees: Are Your Manufacturing Workers Properly Classified?
Manufacturing company owners may mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so long as contractors satisfy all of their tax obligations. However, this couldn’t […]
Manufacturers: Should You Buy or Lease?
There are major federal income tax incentives for manufacturers to buy new equipment. Yet leasing equipment can be a better choice for some companies. How do you decide whether to […]
ODJFS Updates Unemployment Insurance Tax System
According to the Ohio Department of Job and Family Services (ODJFS), a new unemployment insurance tax system for employers went live yesterday, Dec. 6, 2021. The new system—called State of […]
