Year-end tax planning for manufacturers: Combine the Sec. 179 expensing election with first-year bonus depreciation

Depreciation tax breaks, such as the Section 179 expensing election and first-year bonus depreciation, remain valuable tools manufacturers can use to reap year-end tax savings.

Unfinished business: How to manage your manufacturing company’s WIP inventory

Is your manufacturing company properly monitoring its work-in-process (WIP) inventory?

It’s time to review your manufacturing company’s R&E expenditures

Does your manufacturing company incur research and experimental expenses? Taking these steps may reduce your company’s overall tax bill.

Are you prepared to join the Manufacturing 4.0 revolution?

The concept of Manufacturing 4.0 is changing the industry. Is your company ready?

FASB approves updated rules for disclosing income taxes

Updated rules have been approved that will require more detailed disclosures on income taxes to help stakeholders better understand your company’s tax position. Here’s what you should know.

A winning combination: QuickBooks + your marketing platform

Left-brained accountants and right-brained marketing professionals seem to come from different worlds. You can help bridge the gap between the financial and creative teams at your organization by using software tools together.

FASB finalizes new crypto standard in record time

Good news: Companies that invest in or exchange cryptocurrency assets will soon be allowed to report them at fair value, rather than under the accounting rules for intangible assets. Here’s what you should know about the new crypto standard.

FASB issues new segment expense disclosure rules

Starting in 2024, public companies must comply with new accounting rules requiring them to disclose more details about their business unit costs. This is the most significant change to segment expense reporting in 25 years.

It’s important to track tools and small equipment

The technology for tracking tools and small equipment has become more cost effective and secure in recent years. Here’s how to use a tracking system to help protect these assets and your company’s bottom line.

Teaching your accounting staff to master the art of negotiation

Does your company’s accounting team have strong negotiation skills? Here’s how to help bookkeepers and controllers become artful negotiators.

Using QuickBooks to prepare 2024 budgets and forecasts

Are you planning the short and long-term future of your business? QuickBooks has analytical tools to help answer questions on upcoming profitability and cash flow needs.

Overview of the offsetting rules

Derivatives and other arrangements can help your business hedge against financial risks. How should these transactions be presented on your financial statements?