The Tax Cuts and Jobs Act (TCJA) included a significant — but delayed — change to the tax treatment of research and experimentation (R&E) expenses under...
Manufacturers: How Vulnerable Are You to Fraud?
Oct 25, 2024Fraud is a significant problem for all businesses, but the manufacturing industry is particularly vulnerable. According to the Association of Certified Fraud Ex...
Manufacturers: Implement Year-End Tax Planning Strategies Now to Reduce Your 2024 Tax Bill
Oct 14, 2024As the year draws to a close, it’s generally manufacturers’ last chance to implement strategies to reduce their 2024 tax liability. Several provisio...
How To Choose the Best Inventory Accounting Method for Your Manufacturing Company
Aug 26, 2024Your choice of accounting method for determining the value of your manufacturing company’s inventory can significantly impact your overall tax bill. Here ...
Manufacturers Should Consider These 7 Midyear Tax-Reduction Moves Now
Jul 17, 2024July marks the halfway point of the year and is generally an ideal time for manufacturers to assess their tax situation and plan appropriate strategies for redu...
Can Your Manufacturing Company Benefit from a Cost Segregation Study?
Jun 12, 2024When manufacturers buy, build or improve their facilities, it involves a substantial investment. But these expenses generally can’t be immediately deducte...
IRS Issues Final Regulations Regarding the Advanced Manufacturing Investment Credit
May 10, 2024The Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act — signed into law in 2022 — provides generous tax incentives to increase d...
10 Ways Cloud Computing Can Benefit Manufacturers
Apr 10, 2024The 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 manufact...
Can Your Manufacturing Company Benefit From the Work Opportunity Tax Credit?
Mar 13, 2024The quest for skilled laborers in the manufacturing sector continues. Indeed, more than 600,000 manufacturing-related jobs remained open in December 2023, accor...
How Manufacturers Can Factor Depreciation Tax Breaks Into Their 2024 Asset Purchase Planning
Feb 12, 2024What’s the tax outlook when manufacturers purchase equipment and other tangible property, various tax breaks are available, including Section 179 expensin...