Tag: Manufacturing

  Is your manufacturing company on the cutting edge? It's important to keep pace with the competition, especially if you're trying to carve out a niche in a new marketplace. Fortunately, federal tax law allows Read More

The 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 other things, the new law provides more than $52 Read More

Does your manufacturing company need to acquire new equipment to meet demand? Fortunately, there's a tax break that can help: the Section 179 deduction. It allows you to deduct this year the cost of qualifying Read More

While there is a perception that accounting firms spend all their time looking in the rearview mirror to prepare taxes and financial statements, the right accounting firm can help you see where you’re going with Read More

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

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

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

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

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

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