Tag: Tax Strategies

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

After 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-saving opportunities available to manufacturers this year? Here are seven Read More

Competition for top-notch workers can be fierce. Your business currently may be understaffed due to a number of factors — including the "Great Resignation" and "quiet quitting" where employees do the bare minimum before eventually Read More

Are you up to date on the latest tax law changes that could affect your manufacturing business? Barring further legislation, certain key provisions have expired or have begun to phase out. Here are three that Read More

As the economy marches through the final months of 2022, business owners will face ongoing changes this tax season. Even so, there is still time to take steps to reduce your tax burden. With the Read More

For private business owners who have been hearing about a proposed accounting change for lease accounting, a decade of back-burner speculation has come to an end.  The new accounting standard, also known as “ASC 842,” Read More

A new law that takes effect for tax year 2022 will enable some Ohio business owners to reduce their federal tax bills by avoiding the cap on state and local tax deductions imposed as part Read More

An array of additional services will be subject to sales tax in Kentucky next year under a bill enacted over the governor’s veto. The legislation also reduces personal income tax rates in Kentucky with further 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

When you’re ready to take your business to next-level growth, you need a strategic plan for getting there and for evaluating the opportunities to do so. Your path to growth depends upon a forward-looking strategy, Read More