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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 […]

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: If You Qualify, Be Sure You’re Taking Maximum Advantage of the Section 199A Deduction

By: Cheryl Lanese

Manufacturing company owners who value personal asset protection from creditors typically operate their businesses as C corporations. However, in recent years, some owners have switched their companies’ form of business […]

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 […]

Can ESG Activities Benefit Your Manufacturing Business?

By: Cheryl Lanese

Manufacturers may wish to think about implementing environmental, social, and governance (ESG) activities in today’s fiercely competitive market. While doing good may be its own reward, these ethical business procedures […]

How Profitable Are the Products You Manufacture?

By: Kim Zagar CPA

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, […]

7 Tax-Saving Opportunities for Manufacturers in 2023

By: James Reynolds

After your manufacturing company’s 2022 tax return has been filed, you can focus your efforts on reducing its 2023 tax liability. What are the top tax-saving opportunities available to manufacturers […]

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. […]

If Your Manufacturing Company Is Considered a “Small Business,” It May Be Eligible for Tax Benefits

By: Cheryl Lanese

Small-sized manufacturers may enjoy several tax advantages that allow them to reduce their tax bills, defer taxes and simplify the reporting process. Federal tax rules used to generally define a […]

Manufacturers: Aim to Hire “Target” Workers This Year to Claim the WOTC

By: Cheryl Lanese

If your manufacturing company is like many others in the industry, you’re having difficulty finding top-notch new hires to expand your workforce as well as to replace employees who are […]

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 […]

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