How external confirmations are used during an audit
External confirmations are one of the simplest, but most effective, audit tools. Do you understand how they work?
Read MoreWhy auditors prefer in-person interviews to assess fraud risks
Psychologists estimate that more than 90% of communication happens through tone of voice and body language. So, when evaluating fraud risks during an audit, a face-to-face interview is critical to help detect nonverbal cues.
Read MoreOperating in multiple states may have tax implications for manufacturers
Could your manufacturing company owe tax in another state? One way to learn the answer is to conduct a nexus study.
Read MoreIf your manufacturing company is considered “small,” it may be eligible for tax benefits
Are your manufacturing company’s gross receipts under $25 million? If so, it may be eligible for small business tax benefits.
Read MoreBring manufacturing workers into the fold with a strong employee benefits package
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.
Read MoreDon’t overlook tax considerations when selling your manufacturing business
There are many tax-related variables when it comes to selling your manufacturing company. Read more about them.
Read MoreHow manufacturing companies can benefit from the Section 179 expensing deduction
If you’re purchasing equipment for your manufacturing company before year-end, determine if it qualifies for the Section 179 expensing deduction.
Read MoreManufacturers: Take note of key tax provisions of the CHIPS Act
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.
Read MoreFive tips for reducing workers’ compensation costs
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.
Read MoreMeasuring residual value for the discounted cash flow method
Residual (or terminal) value can be a major part of the valuation puzzle. Here are two ways that it can be calculated.
Read MoreValuing LLC profits interest awards
Profits interest awards can be an effective way for LLCs to attract and retain skilled workers, especially if cash is tight. But these awards present valuation challenges that most companies can’t handle in-house.
Read MoreValuing goodwill in divorce: Recent cases provide insight
Settling a divorce can be complicated when a closely held business is involved. In addition to estimating business value, the issue of business vs. personal goodwill might need to be tackled.
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