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Manufacturing Articles

Manufacturing Articles

Manufacturing and Research & Development Tax Exemption

For manufacturers and companies with R&D costs in the sciences, this is a great opportunity to save on sales taxes! A new law beginning July 1, 2014 allows companies to obtain a partial exemption of sales and use tax on certain manufacturing and research and...

Do you know how business decisions can affect your tax liability?

In the day-to-day pressure of meeting your production and sales goals, time constraints can make it difficult to consider the tax implications of business decisions. Three decisions that can directly affect your manufacturing company’s tax liability are your choices...

Here’s What Tax Reform Means for Manufacturing Companies

Congress and the Trump administration gave business and individual taxpayers a holiday gift at the end of 2017 when they passed tax reform legislation.  Known as the Tax Cuts and Jobs Act of 2017, the changes made to the tax code are the most significant in over 30...

Not knowing your clients’ financial health may cost you

In 2004, 34,317 businesses filed for bankruptcy in the United States, according to the Administrative Office of the U.S. Courts. These filings resulted in millions of dollars of lost payments to manufacturers. And even though there is risk involved when extending...

The “manufacturers’ deduction”: It’s not just for manufacturers

The manufacturers’ deduction, also called the “Section 199” or “domestic production activities” deduction, is 9% of the lesser of qualified production activities income or taxable income. The deduction is also limited to 50% of W-2 wages paid by the taxpayer that are...

OCBJ article: Data Accuracy Counts

Curtis Campbell, Partner, published an article in the Orange County Business Journal's "Technology Solutions" section in the July 14, 2014 issue. The article entitled "Data Accuracy Counts: Make corrections if your inventory data is inaccurate" discussed a number of...

Defer Taxes, Improve Cash Flow With a Cost Segregation Study

With the right analysis and documentation, manufacturers are winning faster depreciation allowances on certain capital improvement projects, which defers tax liability in a way that improves cash flow. All it takes is a cost segregation study. When a manufacturer...

Need financing for a new project?

Let tax credits come to the rescue. When launching a new project, it might be difficult to secure financing from lenders if you have high loanto-value ratios. But on the right project, certain tax credits may generate the equity you need to bridge the gap. Here’s a...

Be prepared: New accounting standards are fast approaching

Since 2008, the United States has been slowly moving closer to adopting International Financial Reporting Standards (IFRS). Transitioning to IFRS from U.S. Generally Accepted Accounting Principles (GAAP), seen by most experts as inevitable, could have significant...

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