Oil & Gas Articles
Final Regulations Remove Two-Year Deferral of Advance Payments for Inventoriable Goods Under Section 1.451-5
Posted by Brian Kern on August 22, 2019
On July 11, 2019, the IRS and Treasury released final regulations removing Section 1.451-5 of the Income Tax Regulations as a result of the changes made to Section 451 under the 2017 tax reform known as the Tax Cuts and Jobs Act (TCJA).
Posted by Jonathan Roller on July 01, 2019
With the right technology tools, manufacturers can collect volumes of data, ranging from real-time information gleaned from machines and RFID readers on the plant floor to regular input from customer service and sales staff. But data also must be analyzed so it can be used to improve business processes, refine operational efficiency and transform existing business models.
Posted by Brian Kern on June 27, 2019
- The manufacturing industry is at a pivotal point in its history. Recognizing the significance of this juncture, the Manufacturing Leadership (ML) Council recently released its Critical Issues Agenda for 2018/2019, titled The Journey to Manufacturing 4.0.
Posted by James Dunn Jr. on June 27, 2019
Everything from changes to foreign trade policies and new tariffs to military actions threaten to disrupt smooth operations in the manufacturing sector. Already, your company may be coping with the rising costs of raw materials and subsequent pushback from customers. This article suggests seven ways to weather the current climate.
Posted by Douglas Muth on June 27, 2019
It’s crunch time for private companies to implement the new revenue recognition standard. Here’s what you need to know, plus some valuable insight from public companies that went through the implementation process last year.
Posted by Jonathan Roller on June 18, 2019
Manufacturers that build out their IoT strategy in the context of Industry 4.0 potential will ultimately be better equipped to compete in manufacturing’s digitized future.