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Most people use their HSA like a medical debit card, but the account is capable of much more. With a rare triple tax advantage and flexible reimbursement rules, the HSA can serve as a powerful long-term healthcare reserve. Read on to learn how to make the most of it.
For manufacturers, drafting an accurate budget can improve operational discipline and position the company to respond more effectively to market changes and unexpected challenges. The following budgeting tips for manufacturers are a great starting point for developing an accurate and reasonable budget.
Manufacturers are rethinking how they model their forecasts. This includes moving away from traditional static forecasts toward more flexible rolling forecasts that are updated regularly.
Strategic inventory management can boost working capital by unlocking cash already inside the business. Start now to build an inventory strategy that balances liquidity with operational needs.
The United States federal government is advancing the transition to fully electronic payments to and from the IRS. The transition to electronic payments started on September 30, 2025.
For manufacturers, an accurate and reasonable budget can help with strategic planning, improve cash flow, and make it easier to secure financing. We have put together some budgeting tips for manufacturers to consider when budgeting time comes around.
Tax credits reduce tax liability dollar-for-dollar and can be more valuable than deductions, which reduce only the amount of income subject to tax. One tax credit that may be valuable is the small business health care coverage credit for small businesses who provide health insurance coverage to employees.
Because of the strict requirements that apply to S corporation entities, preserving S corporation status requires due diligence to avoid inadvertent termination of S corporation status, among other things.
Forms W-2 and 1099-NEC normally must be filed by January 31 of the following year. But, in 2026, January 31 falls on a Saturday, so the due date has been moved to February 2.
Pass-through entities generally don’t owe federal income tax at the entity level, but they still must file federal income tax returns. These entities include partnerships, limited liability companies treated as partnerships for tax purposes and S corporations.
Succession planning is one of the most important responsibilities of a manufacturing business owner. By identifying and training future leaders early, you can create a smoother handoff and help safeguard your company’s operational integrity.
The Sec. 179D deduction for energy-efficient commercial building improvements provides energy tax incentives to businesses, including manufacturers, to immediately write off the cost of eligible improvements, will expire June 30, 2026.
A peer review evaluates a CPA firm's adherence to professional standards in the accounting, auditing and attestation services it provides.
As you look back to 2025 to determine which expenses you can write off as tax deductible business expenses on your tax return, keep in mind the “ordinary and necessary” rule.
Waste reduction is a long-term investment to boost a manufacturing company's profitability.
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