Manufacturing and Distribution

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Manufacturing Cyberattacks

Manufacturing cyberattacks are becoming more common and the attacks are designed to disrupt operations and extort money. Here are some ideas to get ahead of the cybercriminals.
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Bill-Pay Services Add Efficiency and Security

Managing accounts payable (A/P) can be challenging for any business. Many organizations have turned to outsourced bill-pay services to add efficiency, security, and accuracy.
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R&E Expense Amortization Got You Down?

VIDEO: Now that Research & Experimentation expenses must be amortized over several years, many companies are looking for ways to increase deductions and reduce taxable income. Here are three opportunities to potentially accelerate depreciation and reduce your tax liability.
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Tax Savings for Manufacturers

Do you know what are the top tax-saving opportunities for manufacturers in 2023? Once your manufacturing company’s 2022 tax return has been filed, you can focus your efforts on reducing its 2023 tax liability.
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Employer-Provided Child Care

Now may be the time for your manufacturing company to consider offering employer-provided child care. The Section 45F tax credit can help offset some of the costs.
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Employee Benefit Plan Audit

An employee benefit plan audit is a periodic and independent examination of a company’s benefit plans that are subject to ERISA. If your company currently offers or plans to offer an employee benefit plan, read this article to learn about audit requirements.
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Buy-Sell Agreements

Buy-sell agreements are an essential tool for businesses with more than one owner. This type of agreement defines what will happen to the departing owner's share of the business if they leave. Learn about the benefits, key components, and important considerations of a buy-sell agreement for your business.
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Understanding Tax Nexus

Understanding nexus is essential for determining a company's tax obligations. However, many businesses are unaware of what establishes nexus and thus are unaware of their tax obligations. Learn about tax nexus and how it may affect your company.
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Manufacturing Tax Laws in Limbo

Barring further legislation, certain manufacturing tax laws are in limbo, as key provisions have expired or have begun to phase out. Here are three that could have a significant impact on your company.
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Conduct Productive Employee Reviews in Manufacturing

Year-end is the traditional time when manufacturers and other business entities conduct productive employee performance reviews. Unfortunately, reviews are often done as quickly as possible, with little thought given to providing the type of feedback to employees that will ultimately help the company achieve its strategic goals
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Selling a Manufacturing Business

The tax implications when selling a manufacturing business can impact your tax bill and therefore, your net proceeds from the sale.
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Review of Buy-Sell Agreement

Manufacturers need to conduct a periodic review of their buy-sell agreement and modify its language to reflect changing circumstances.
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Company Structure Affects Taxes for Manufacturers

A company's structure affects taxes and for decades, owners of small to midsize manufacturing companies have opted for the S corporation form of ownership, rather than being subject to the double taxation of C corporations. However, in recent years the limited liability company (LLC) has become another popular alternative. Let’s
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State of Manufacturing 2022 Survey Released

The 2022 State of Manufacturing results are in! Minnesota manufacturers are now preparing for yet another marketplace headwind.
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Section 179 Deduction for Manufacturers

The Section 179 deduction for manufacturers provides a tax break when acquiring new equipment. It allows you to deduct this year the cost of qualifying new or used property you purchase. Your deduction can even exceed the amount you provided from your own funds to make the purchase.
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