Relatively recent changes to the tax treatment of research and experimental (R&E) expenditures can impact many manufacturers’ tax bills. The most significant changes took effect…
As the end of the calendar year quickly approaches, many manufacturers are preparing for their year-end physical inventory, which can be a significant undertaking and…
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in…
For the second consecutive year, the IRS has postponed implementation of a new rule that would have led to an estimated 44 million taxpayers receiving…
In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. You…
If your 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…
The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) makes it easier for employees to save for retirement by increasing contribution limits…
Manufacturing 4.0, sometimes called “Industry 4.0,” refers to the digitalization of manufacturing. That means the integration of traditional manufacturing processes and practices with cutting-edge “smart”…
The IRS recently announced various inflation-adjusted federal income tax amounts. Here’s a rundown of the amounts that are most likely to affect small businesses and…
As the end of another business year fast approaches, it’s crucial to consider tax planning opportunities now for your manufacturing business. With proper planning, you…