7 Midyear Tax-Reduction Strategies for Manufacturers

As the midpoint of the year fast approaches, it's a good time for manufacturers to assess their tax status and plan appropriate strategies for reducing their 2022 tax liability. Although each situation is unique, here Read More


Kirsch CPA Group

May 12, 2022

Manufacturers Need to Act Soon to Take Advantage of 100% First-year Bonus Depreciation

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 claiming them isn't always the Read More


Kirsch CPA Group

Mar 17, 2022

Manufacturers: Don’t Miss Out on an R&D Tax Credit

The credit for increasing research activities, commonly referred to as the research and development (R&D) credit, is one of the biggest and best tax breaks available to manufacturing companies. Unlike a deduction, a credit is Read More


Kirsch CPA Group

Dec 02, 2021

7 Steps to Promote Manufacturing Safety

Workplace safety is a top concern among manufacturers. Without taking COVID-19 into account, the National Institute for Occupational Safety and Health (NIOSH) estimates that occupations within the manufacturing sector account for 5% of U.S. workers, Read More


Kirsch CPA Group

Sep 01, 2021

Protecting Manufacturers from Ransomware Attacks

There has been a surge in ransomware attacks in recent years and an even greater acceleration in the first half of 2021. Virtually every type of business is at risk, especially key links in the Read More


Kirsch CPA Group

Aug 04, 2021

4 Ways for Manufacturing Companies to Improve Productivity

The basic formula for success in the manufacturing sector is simple: Produce more, spend less. So-called "lean" manufacturing is easier said than done, but there are several improvements that can increase your firm's output. Lean Read More


Kirsch CPA Group

Jul 07, 2021

4 Pillars of Mid-Year Business Planning

Manufacturing firms normally create a business plan at year end that focuses on the upcoming year. However, today's market conditions are anything but "normal." So, it's important to take the time this summer to revisit Read More


Kirsch CPA Group

Jun 24, 2021

How Manufacturers Can Benefit from Blockchain Technology

To succeed in the 21st century, manufacturers must embrace the latest technological innovations. As part of this trend, factories around the world are becoming increasingly interrelated using blockchain technology. Although the concept is shared by Read More


Kirsch CPA Group

May 13, 2021

Should You Buy or Lease Equipment?

If your business is in a position to acquire equipment or machinery, management faces a tough decision: Should you lease it, or should you buy it? There's no universal "right" answer. Here are some factors Read More


Kirsch CPA Group

Dec 03, 2020