Manufacturing & Distribution
Showing 1–16 of 224 results
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Remote auditing: Is it here to stay?
Summer 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 430
Abstract: The COVID-19 pandemic has had an enormous impact on the way companies conduct business, and audit firms are no exception. Restrictions on the ability of auditors to physically visit business premises have, in many cases, forced them to adopt remote auditing techniques. While for years auditors have taken advantage of technology tools to perform some audit activities remotely, the pandemic has substantially increased the need to rely on these techniques. This article presents five examples of how auditing has adapted to the COVID-19 environment.
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Operating in multiple states may have state tax implications
Summer 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 587
Abstract: Nothing is certain but death and taxes. While this may apply to federal taxes, state taxes are a bit more uncertain. Manufacturers and distributors operating in more than one state may be subject to taxation in multiple states. This article discusses how with proper planning, manufacturers can potentially lower their company’s state tax liability.
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Are you ready for Industry 4.0?
Summer 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 626
Abstract: Industry 4.0 — sometimes referred to as the fourth industrial revolution — isn’t new. The term was first coined nearly 10 years ago. But the COVID-19 pandemic, by disrupting supply chains and normalizing remote work, seems to have accelerated the industry’s transformation. This brief introduction to the concept explains how it’s changing manufacturing.
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American Rescue Plan Act – Employee retention credit extended through 2021
Summer 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 893
Abstract: The employee retention credit (ERC) keeps getting better. Established by 2020’s CARES Act, the credit is designed as an incentive for businesses to keep employees on the payroll despite the financial impact of the COVID-19 pandemic. This article reviews the credit under the CARES Act and its expansion by the Consolidated Appropriations Act in late 2020 and the American Rescue Plan Act in 2021. A short sidebar covers when businesses’ operations are “fully or partially suspended” so as to qualify for the ERC.
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Manufacturing after COVID-19
Spring 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 417
Abstract: As some light at the end of the COVID-19 tunnel is visible, many manufacturers are turning their attention to the future. While the pandemic’s effects on manufacturing will, in some respects, be temporary, this short article looks at some of its lasting impacts on global manufacturing.
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Why a cost segregation study is a good idea – Accelerate depreciation deductions to reduce taxes and boost cash flow
Spring 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 584
Abstract: The COVID-19 pandemic has resulted in many companies conserving cash and not buying much equipment during the past year. An unintended downside is that businesses may not be able to claim the same amount of depreciation tax deductions as they have in past years. A cost segregation study may allow a business to accelerate depreciation deductions on certain items, thereby reducing taxes and boosting cash flow. This article reviews the rules on depreciating property; how, under the right circumstances, a cost segregation study can yield substantial tax benefits; who should conduct a study; and the elements of a study.
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COVID-19 relief legislation offers significant benefits for manufacturers
Spring 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 682
Abstract: The Consolidated Appropriations Act (CAA), signed into law in December 2020, is known for authorizing a second round of direct stimulus payments to individuals and extending enhanced unemployment benefits. But the law also provides tax relief and new financing opportunities for businesses affected by the COVID-19 pandemic. This article highlights key provisions relevant to manufacturers.
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7 cash flow tips for manufacturers
Spring 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 890
Abstract: In times of economic distress and uncertainty, cash flow issues can quickly bubble to the surface. Managing and improving cash flow can help manufacturers survive tough times and prosper during better times. Managing cash flow is critical during tough times, but it should be an ongoing business activity. This article highlights seven tips to consider to better position businesses to weather the storm when the next economic downturn comes along. A short sidebar covers the pros and cons of accounts receivable factoring.
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Remote work may be here to stay — are you ready?
Winter 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 336
Abstract: The COVID-19 pandemic has forced many companies to shift gears and focus on ways to conduct business remotely. And many experts believe that the trend toward remote work will continue even after the pandemic is over. Unlike other businesses, manufacturers must continue to rely on workers on the shop floor, such as machinists, assemblers and repair persons. This article provides some possible ways manufacturers can adapt their operations to the new normal.
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Keep it simple! “Small” manufacturers may opt to use simplified reporting methods
Winter 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: The Tax Cuts and Jobs Act expanded the tax code’s definition of “small business” to include those with average annual gross receipts of $25 million or less (adjusted for inflation) for the three preceding tax years. Manufacturers that qualify as small businesses may be eligible for simpler reporting methods that could also defer federal income taxes. This article takes a closer look at the relevant tax rules.
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Now may be the right time to acquire a business
Winter 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 644
Abstract: The COVID-19 pandemic has resulted in financial losses for many businesses, including manufacturers. As a result, some owners may be looking for an exit strategy. In this uncertain market, some investors see opportunity. For those who are able, now can be a good time to acquire a distressed business with an eye to turning a profit. This article provides some guidance on this strategy to help avoid potential pitfalls.
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First-year bonus depreciation and Sec. 179 expensing: Beware the pitfalls
Winter 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 999
Abstract: Many manufacturers are eligible for tax write-offs for certain equipment purchases and building improvements. These write-offs can do wonders for a manufacturer’s cash flow, but whether to claim them isn’t always an easy decision. In some cases, there are advantages to the regular depreciation rules. This article reviews why it’s critical to look at the big picture and develop a strategy that aligns with a company’s overall tax-planning objectives. A short sidebar covers the deductibility of website costs.
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NOL carrybacks: Look at the big picture
Fall 2020
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 355
Abstract: To help manufacturers and other businesses improve their cash flow, the Coronavirus Aid, Relief and Economic Security (CARES) Act provides a temporary five-year carryback for net operating losses (NOLs). Under the act, businesses with NOLs in 2018, 2019 or 2020 may carry those losses back up to five years, offset them against taxable income in those years, and claim a refund. This short article reminds companies to look at their overall tax picture and consider how NOLs interact with two other tax areas: consolidated group considerations and the business interest deduction election.
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Creating a business plan in uncertain times
Fall 2020
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 661
Abstract: With the economy in a state of flux because of the COVID-19 pandemic, many manufacturers may need additional financial assistance. A business plan that accurately reflects a business is something every company — manufacturing or not — should have. This article discusses the importance of, and the steps in creating or updating, a business plan to provide company growth expectations and strategies.
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Is remote selling the new normal? Tips to make the most of your sales program
Fall 2020
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 708
Abstract: The COVID-19 pandemic has had a dramatic impact on the way people interact and do business. And it’s likely that a number of the changes made to adapt to a social-distancing environment will become permanent. Even before this crisis, there was a definite trend toward digital interactions, and many experts believe that our experiences during the pandemic will accelerate this trend. This article reviews some tips to make the most of a remote sales program.
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Diversity in manufacturing offers many benefits
Fall 2020
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 794
Abstract: As the U.S. population becomes more diverse, many manufacturers are adapting their workforces to reflect that diversity. And while diversity for its own sake is a laudable goal, a diverse workforce can also pay off in the form of improved business performance. This article reviews the benefits of a diverse workforce, and some best practices companies can implement. A short sidebar reviews workplace safety in the COVID-19 age.