How manufacturing companies can benefit from the Section 179 expensing deduction

Does your manufacturing company need to acquire new equipment to meet demand? Fortunately, there’s a tax break that ...
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Operating in multiple states may have tax implications for manufacturers

Nothing is certain but death and taxes. While this may apply to federal taxes, state taxes are a ...
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Bring manufacturing workers into the fold with a strong employee benefits package

The labor shortage in the manufacturing sector has been well documented. As of October 2021, the number of ...
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If your manufacturing company is considered “small,” it may be eligible for tax benefits

Small-sized manufacturers may enjoy several tax advantages that allow them to reduce their tax bills, defer taxes and ...
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Manufacturers, aim to hire “target” workers this year to claim the WOTC

If your manufacturing company is like many others in the industry, you’re having difficulty finding top-notch new hires ...
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Independent contractor vs. employee: Are your manufacturing workers properly classified?

Manufacturing company owners may mistakenly believe that the misclassification of employees as independent contractors doesn’t really matter, so ...
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7 midyear tax-reduction strategies for manufacturers

As the midpoint of the year fast approaches, it’s a good time for manufacturers to assess their tax ...
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A segmented income statement can be a powerful management tool for manufacturers

A companywide income statement may be sufficient for lenders or other outsiders to evaluate your manufacturing company’s financial ...
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S corporation vs. LLC: The way a manufacturing company is structured affects taxes and more

For decades, owners of small to midsize manufacturing companies have opted for the S corporation form of ownership, ...
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Manufacturers: Is your buy-sell agreement up to date?

A buy-sell agreement is a critical tool for owners of closely held manufacturing companies. It ensures an orderly ...
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Manufacturers need to act soon to take advantage of 100% first-year bonus depreciation

First-year bonus depreciation typically creates a powerful tax incentive for eligible manufacturers to purchase qualified property needed for business reasons. ...
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Cybercrime can create big problems for small and mid-sized manufacturers

By: Jeff Fucito and Brandon Smith   How do you feel about shutting down operations while you pay ...
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