Manufacturing & Distribution
Showing 1–16 of 260 results
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Using reverse sales and use tax audits to reveal refund opportunities
Fall 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 356
Abstract: While most states offer sales and use tax exemptions for certain purchases by manufacturers, the details can vary from state to state. Manufacturers often overlook exemptions to which they’re entitled, leading to tax overpayments. To ensure that businesses are taking full advantage of manufacturing exemptions, this article suggests conducting a reverse sales and use tax audit.
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Manufacturing across state lines – What manufacturers need to know about multistate income taxes
Fall 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 654
Abstract: If a manufacturing business operates across state lines, it’s important to understand state income tax obligations. Following the U.S. Supreme Court’s 2018 decision in South Dakota v. Wayfair, Inc., manufacturers have focused on sales tax liability. But the recent explosion of remote work, together with revised guidance from the Multistate Tax Commission (MTC), may raise income tax issues. This article reviews the importance of nexus and the MTC guidance on the topic. Source: South Dakota v. Wayfair, Inc., No. 17-494, June 21, 2018; Public Law 86-272.
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Is it a good time to acquire a business?
Fall 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 655
Abstract: 2023 has seen continued financial concerns about inflation, rising interest rates and skilled labor shortages. While some manufacturers have struggled, others have been moving full speed ahead, surpassing expectations and looking to expand. Business acquisitions can be both tempting and tricky. This article looks at whether this is the year to grow by acquiring a distressed business.
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8 strategies for boosting your production capacity
Fall 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 864
Abstract: Even with continued economic uncertainty, throughout most of 2023 the manufacturing industry has flourished, and many manufacturers are straining to keep up with demand. At the same time, the pandemic reminded us how uncertain the economy can be, with many companies hesitant to invest in expanding their operations. Fortunately, there are strategies manufacturers can use to increase their production capacity without committing to acquiring a larger facility. This article presents eight ideas to consider.
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Why some manufacturers are “reshoring” their operations
Summer 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 352
Abstract: In recent years, there has been an emerging reshoring trend among U.S. manufacturers. The Reshoring Initiative, a nonprofit organization, estimates that from 2021 to 2022, the number of new U.S. jobs from reshoring and foreign direct investment increased by nearly 35%. This short article covers some reasons manufacturers should consider using domestic sources and some of the potential roadblocks.
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Segmented income statements can help enhance profitability
Summer 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 640
Abstract: Most manufacturers issue companywide income statements. But some may want to dig a little deeper into their numbers with a segmented income statement. This article discusses how a properly designed segmented version of this report can be used to improve the bottom line.
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Inflation Reduction Act of 2022 – Take advantage of new tax incentives for manufacturers
Summer 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 662
Abstract: Despite its name, the Inflation Reduction Act (IRA) does more than combat rising prices. According to the White House, the Act represents the “single largest investment in climate and clean energy solutions in American history.” This article highlights several of the IRA’s tax incentives that benefit manufacturers, including expanded deductions for energy-efficient commercial buildings, advanced energy project credits, advanced manufacturing production credits and enhanced research credits for start-ups.
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Attracting skilled labor with retirement opportunities – SECURE 2.0 can help manufacturers
Summer 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 922
Abstract: The Setting Every Community Up for Retirement Enhancement 2.0 Act makes it easier for employees to save for retirement by increasing contribution limits and expanding hardship withdrawals. It also offers tax credits and other incentives for employers that adopt new retirement plans and authorizes plan enhancements that can help employers boost participation in existing plans. This article reviews key provisions for manufacturers to consider. A brief sidebar looks at “starter 401(k) plans,” an option that can be easier and less expensive to administer than a traditional 401(k) plan.
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The high (and often hidden) costs of employee turnover
Spring 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 440
Abstract: Most businesses today are facing an unprecedented shortage of skilled labor, so it’s more important than ever to hang on to existing employees. Manufacturers have been hit particularly hard. One reason for this: When the COVID-19 pandemic caused most schools to shift to a remote model, enrollment in many vocational programs — where hands-on learning is essential — declined sharply. This article looks at the full cost to replace employees and the importance of having a stable workforce.
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Unfinished business: How to manage WIP inventory
Spring 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 554
Abstract: Work-in-process (WIP) inventory is an important entry on a manufacturer’s balance sheet. Monitoring WIP is critical not only to ensure that manufacturers’ financial statements are accurate, but also because it serves as a useful metric for tracking a company’s performance. This article explains what WIP is, the benefits of tracking WIP and determining the optimal level of WIP.
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Make a clean sweep – Understanding how waste affects your bottom line
Spring 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 650
Abstract: The goal of profitable manufacturers is to make as many products with as few resources as possible. With the economy continuing its uncertain path, getting ahead of cost savings is important. One way for manufacturers to save is to rein in waste at their facilities. But waste is much more than just scrap materials that pile up on shop floors. This article takes a look at how efficient production is the start to reducing waste.
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Occupational Fraud 2022: A Report to the Nations – Are you doing enough to combat fraud?
Spring 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 899
Abstract: Occupational fraud — that is, fraud committed by employees — is a significant problem for all businesses. According to the Association of Certified Fraud Examiners (ACFE), organizations lose 5% of their revenue to fraud every year, and manufacturing is among the most frequently hit industries. The ACFE’s Occupational Fraud 2022: A Report to the Nations is based on data supplied by certified fraud examiners around the world. This article reviews the report’s findings and provides suggestions for ways manufacturers can implement antifraud controls. A brief sidebar reviews the importance of recognizing certain employee behaviors that can be a red flag for fraud.
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How rolling forecasts can provide more clarity
Winter 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 405
Abstract: Over the last three years, economic volatility and supply chain disruptions have provided a stark lesson on the weaknesses of traditional budgeting and forecasting methods. Under the best of circumstances, it’s difficult for manufacturers to forecast their performance over the coming year. When economic and market conditions are prone to change suddenly and unexpectedly, a traditional static forecast can quickly become obsolete. That’s why many manufacturers have adopted a rolling forecast model. This article discusses the difference between static and rolling forecasts, and the benefits of rolling forecasts.
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It’s time to analyze your research expenditures
Winter 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 561
Abstract: Recent changes to the tax treatment of research expenditures are having a big impact on many manufacturers’ tax bills. The most significant change took effect in 2022 pursuant to the Tax Cuts and Jobs Act (TCJA). Given the potential impact of possible deductions, manufacturers should conduct a study of their research expenditures and consider strategies for reducing their tax bills. This article reviews the changes made by the TCJA and the Inflation Reduction Act of 2022.
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Is “Made in America” the right model for your business?
Winter 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 604
Abstract: Customer preference for American-made products isn’t new. After strained supply chains due to the COVID-19 pandemic, the decision to move from overseas suppliers to domestic factories may have been made for manufacturers. But higher labor rates and overhead costs may cause some “homegrown” products to be more expensive than foreign-sourced products. As 2023 starts, manufacturers and distributors should weigh whether a Made-in-the-USA strategy will help attract customers. This article provides some angles manufacturers should consider to position their business accordingly.
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Planning an exit strategy for your business – Tips to maximize value and minimize taxes
Winter 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 947
Abstract: Every business owner should have an exit strategy that helps recoup the maximum amount for his or her investment. Understanding the tax implications of a business sale will help the owner plan for — and, in some cases, reduce — the impact on a tax bill. This article focuses on selling a business to a third party and provides some considerations to help ensure the transition is as smooth as possible. A short sidebar covers whether an employee stock ownership plan (ESOP) might be a viable exit strategy if the business is organized as a corporation and the seller isn’t interested in leaving it to family or selling to an outsider.