10 Ways Cloud Computing Can Benefit Manufacturers

The quest for skilled laborers As the end of the first quarter of the 21st century nears, cloud computing has become an integral part of the modern-day manufacturing environment, growing in leaps and bounds over Read More

Kirsch CPA Group

Apr 10, 2024

Can Your Manufacturing Company Benefit From the Work Opportunity Tax Credit?

The quest for skilled laborers in the manufacturing sector continues. Indeed, more than 600,000 manufacturing-related jobs remained open in December 2023, according to the U.S. Bureau of Labor Statistics. The Manufacturing Institute, an independent industry Read More

Kirsch CPA Group

Mar 13, 2024

How Manufacturers Can Factor Depreciation Tax Breaks Into Their 2024 Asset Purchase Planning

What's the tax outlook when manufacturers purchase equipment and other tangible property, various tax breaks are available, including Section 179 expensing and first-year bonus depreciation. For 2024, bonus depreciation has dropped another 20 percentage points Read More

Kirsch CPA Group

Feb 12, 2024

Pay Attention To These 6 Tax-related Items in 2024

What's the tax outlook for manufacturers as 2024 begins? While certain provisions of the Tax Cuts and Jobs Act (TCJA) begin to phase out, other tax laws, including the Inflation Reduction Act (IRA) and the Read More

Kirsch CPA Group

Jan 02, 2024

Year-End Tax Planning For Manufacturers

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 of the most tried-and-true strategies Read More

Kirsch CPA Group

Nov 07, 2023

Are You Prepared to Join the Manufacturing 4.0 Revolution?

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 benefit your manufacturing company? According Read More

Kirsch CPA Group

Oct 10, 2023

Successfully Navigating the Shift to Reshoring Manufacturing Production Can Be Tricky

For decades, products that were made in America were synonymous with high quality and were manufactured in great abundance. Comparable products from other countries were often viewed as cheaper knockoffs. However, in the late 20th Read More

Kirsch CPA Group

Aug 13, 2023

Manufacturers: If Available, Take Advantage of Sales Tax Exemptions

Manufacturers must comply with all relevant tax laws to avoid dire consequences. While the most attention is generally directed toward federal income and payroll taxes, there's another potential aspect to consider: state sales tax. The Read More

Kirsch CPA Group

Jun 14, 2023

Is Your Manufacturing Company Eligible for Clean Energy Tax Credits?

The Inflation Reduction Act (IRA), enacted in late 2022, provides valuable tax credits that support clean energy manufacturing. Significantly, the law created the Advanced Manufacturing Project Tax Credit (45X MPTC), which is an incentive for Read More

Kirsch CPA Group

May 09, 2023

Need a CFO? Hire or Outsource

Small business owners often have accounting questions and financial advisory needs that don’t always occur at regular intervals or around tax time. Opportunities to grow your business crop up with a little warning. How does Read More

Kirsch CPA Group

Apr 28, 2023