The SECURE 2.0 Act, enacted at the end of 2022, expands on the retirement plan improvements made by the Setting Every Community Up for Retirement Enhancement Ac...
Is Your Financial Reporting on Target?
Jun 14, 2025While your P&L paints a broad picture of financial viability, it may not be telling you the whole story. Too often, businesses have a financial reporting st...
7 Tax-Saving Opportunities for Manufacturers in 2023
Mar 02, 2023After your manufacturing company’s 2022 tax return has been filed, you can focus your efforts on reducing its 2023 tax liability. What are the top tax-sav...
LIFO vs. FIFO: Taking Stock of Your Inventory Accounting Method
Feb 10, 2023How inventory is accounted for can have a significant impact on your tax bill if your business involves the production, purchase or sale of products. In some ca...
Manufacturers: Be Aware of These 3 Business Tax Provisions Currently in Limbo
Jan 18, 2023Are you up to date on the latest tax law changes that could affect your manufacturing business? Barring further legislation, certain key provisions have expired...
Manufacturers Must Act Now to Maximize Depreciation-Related Tax Breaks for 2022
Nov 09, 2022As the end of the year nears, manufacturers are looking to get the most tax bang for their buck. One proven method is to maximize tax breaks relating to depreci...
New Law Enhances Payroll Tax Break for Small Manufacturers’ Research Expenses
Oct 13, 2022Is your manufacturing company on the cutting edge? It’s important to keep pace with the competition, especially if you’re trying to carve out...
Manufacturers: Take Note of Key Tax Provisions of the CHIPS Act
Sep 14, 2022The Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) recently became law as part of the CHIPS and Science Act of 2022. Among ot...
How Manufacturing Companies Can Benefit from the Section 179 Expensing Deduction
Aug 04, 2022Does your manufacturing company need to acquire new equipment to meet demand? Fortunately, there’s a tax break that can help: the Section 179 deduction. I...
3 Ways Your CPA Firm Can Facilitate Your Strategic Growth Planning
Jun 21, 2025While there is a perception that accounting firms spend all their time looking in the rearview mirror to prepare taxes and financial statements, the right accou...