Manufacturing/Distribution Articles
IRS Issues Final Regulations on Advanced Manufacturing Investment Credit
Posted by Kristin Re’ on May 07, 2024
The IRS has issued final rules for the Advanced Manufacturing Investment Credit, based on the 2022 law that encourages local semiconductor creation with big tax benefits. The final rules have some changes about choosing to use the credit as a federal tax payment.
The Advantages of Cloud Computing for Manufacturers
Posted by John George on April 09, 2024
When considering moving to cloud computing, it is essential to carefully evaluate possible service providers. Consult with reliable experts during the vendor selection process.
Segmented Statements Boost Profitability
Posted by Jonathan Roller on February 27, 2024
A segmented income statement empowers manufacturers to optimize profitability by pinpointing performance drivers.
Create an Asset Purchase Strategy with Depreciated Tax Breaks
Posted by Kristin Re’ on February 13, 2024
Manufacturers must consider factors beyond taxes when planning asset acquisitions. Other strategic or financial considerations may outweigh potential tax benefits.
Addressing Labor Shortages: Strategies for Manufacturers to Attract and Retain Skilled Workers
Posted by Jonathan Roller on January 16, 2024
Manufacturers have the option to employ both monetary and non-monetary approaches to allure and retain a proficient workforce.
2024 Tax Breaks for Manufacturers
Posted by Kristin Re’ on January 02, 2024
Every year tax provisions expire and others kick-in, so now is the time to take advantage of tax provisions that bring tax savings for 2024 including the Inflation Reduction Act.
How Managing Waste Byproducts Can Improve Profitability
Posted by Jonathan Roller on December 19, 2023
Managing inventory and updating shop floors and workspaces can aid in waste management and improve productivity.
How Section 179 Election Can Aid in Year-End Tax Planning
Posted by Kristin Re’ on November 07, 2023
Manufacturers can reduce their 2023 tax liability by implementing these year-end tax planning strategies with the Section 179 election.
Rolling Forecasts During Economic Uncertainty
Posted by Jonathan Roller on September 26, 2023
With constant changes to the economy and business projections, a rolling forecast model may work best for your manufacturing operations.
199A Manufacturers Tax Deduction Available Through 2025
Posted by Kerry Roets on September 12, 2023
If you operate your manufacturing business as a pass-through entity, now is a good time to review your 199A deduction.