Manufacturing

If your manufacturing company is struggling to attract top talent, a healthy selection of employee benefits, in addition to competitive pay, can be the key to landing the best candidates.

There are many tax-related variables when it comes to selling your manufacturing company. Read more about them.

If you’re purchasing equipment for your manufacturing company before year-end, determine if it qualifies for the Section 179 expensing deduction.

The CHIPS Act aims to bolster semiconductor production and economic competitiveness. Among its provisions are funding initiatives and an investment tax credit for manufacturing facilities and equipment.

Workers’ compensation costs can quickly overwhelm a manufacturing company — especially if it turns out to be a rough year with many claims. Here are a few ways to rein in these costs.

One way manufacturers can widen their hiring pools while potentially qualifying for a valuable tax break is to complete the eligibility requirements for the Work Opportunity Tax Credit.

Workers aren’t considered independent contractors simply because a manufacturing company says they are. Given the significant cost of misclassifying workers, it’s critical for manufacturers to make the right determination.

Put in the work now to implement midyear tax-reduction strategies for your manufacturing company. It could be time well spent come the next time you file taxes

Creating a segmented income statement requires more work than a standard income statement, but it may benefit your manufacturing company because of its more focused financial data.

Which business structure is right for your manufacturing company, S corporation or limited liability company?

Most companies with more than one owner should enter into a buy-sell agreement, including manufacturing businesses. Critically, the agreement must periodically be reviewed and updated.

Manufacturers have the option of taking a 100% first-year bonus depreciation deduction on qualified equipment placed into service this year. After 2022, the deduction is scheduled to begin to phase out over the next five years.