Create a succession plan today to prepare your manufacturing company for tomorrow

Succession planning is one of the most important responsibilities of a manufacturing business owner. By identifying and grooming ...
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Should your manufacturing company embrace 3D printing?

Using 3D printing allows manufacturers to produce parts and products more efficiently and with greater design flexibility than ...
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Implementing a cross-training program creates a more productive and flexible workforce

In today’s fast-paced manufacturing environment, companies face constant pressure to stay competitive, manage labor shortages and adapt to ...
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Larger QBI deductions will soon be available to many manufacturers

In a 2024 National Association of Manufacturers (NAM) survey, 93% of respondents who operate as pass-through entities stated ...
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The OBBBA resurrects the immediate R&E expense deduction

Under the Tax Cuts and Jobs Act (TCJA), businesses, including manufacturers, have been required since 2022 to amortize ...
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7 ways to protect your manufacturing company from ransomware attacks

Ransomware has emerged as one of the most disruptive cyber threats currently facing the manufacturing sector. Unlike most ...
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Digital twins are transforming the manufacturing industry

A technology originally pioneered by NASA for its Apollo missions back in the 1960s is now taking center ...
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Transfer pricing in manufacturing: Tax compliance across borders

If your manufacturing company operates through two or more entities and is expanding into multiple states or even ...
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Keeping manufacturing company owner compensation on the right side of tax laws

Smaller manufacturing companies often operate as S corporations. In many cases, one of the shareholders (or perhaps the only ...
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Manufacturers: Have you implemented the right strategies to attract and retain skilled employees?

Attracting and retaining skilled employees is a critical challenge for manufacturing companies in today’s competitive labor market. As ...
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2 financial planning tools that can help manufacturers weather uncertainty

Manufacturers are facing uncertainty on a variety of fronts. Rapidly shifting tariff policies, supply chain disruptions, fluctuating demand ...
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Protect your manufacturing company with group captive insurance

In recent years, manufacturers have increasingly turned to group captive insurance as a strategic alternative to traditional insurance ...
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