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
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
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
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
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
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
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
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
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
Dec 03, 2020