manufacturing Archives - Page 2 of 5 - HW&Co. CPAs and Advisors

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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