Manufacturing

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.

Cash flow is the lifeblood of any manufacturing business, so it’s critical to develop a strategy for managing and improving it.

Part one in a mini-series examining the importance of Ohio's Intel project.

Manufacturers must adapt their processes and technology to accommodate remote selling. Here’s why, and some tips for success.

Manufacturers may have a false sense of calm when it comes to cybersecurity. They might incorrectly assess that their risk of a cyberattack is low because they don’t sell products on the internet or gather credit card information and other […]