Manufacturers, aim to hire “target” workers this year to claim the WOTC
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.
Read More Dig deeper! Find hidden treasure in financial statement footnotes
Exploring financial statement footnotes can be a rewarding endeavor.
Read More Valuing synergies
In M&As, sellers want to maximize the sales price. The key is finding a buyer who appreciates the company’s synergistic value.
Read More Contingent liabilities: To report or not to report?
Is your company being transparent about contingent liabilities? In today’s uncertain conditions, reporting contingencies can be challenging. Here’s a refresher on the accounting rules for disclosing and estimating expected losses.
Read More Independent contractor vs. employee: Are your manufacturing workers properly classified?
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.
Read More 3 approaches to valuing a business
Can you name three ways to value a business?
Read More Forecasts vs. projections: What’s the big difference?
Use your accountant for more than reporting historical results. Here’s how an accounting professional can help you prepare for the future.
Read More 7 midyear tax-reduction strategies for manufacturers
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
Read More Management letters: Follow up on your auditor’s recommendations
Take your audited financials to the next level by implementing the improvements contained in the management letter.
Read More Do you know the signs of financial distress in a business?
Financial distress rarely happens overnight. There are usually red flags indicating that trouble is brewing, but it might take some effort to spot them.
Read More Valuing noncompetes in business combinations
Noncompete agreements can be valuable to a business, especially after a merger or acquisition. How valuable? That depends on the facts and circumstances of the deal.
Read More A segmented income statement can be a powerful management tool for manufacturers
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.
Read More