When operating a manufacturing business, there are several taxes at the federal, state, and local level that must be considered. Depending upon “what” you’re selling and “where” you’re selling, some manufacturers may be subject to a wider variety of taxes whereas...
Our firm works with various manufacturers but, no matter what industry you’re in, there are common issues that most will navigate when certain economic facts and circumstances present themselves. Whether it be a recession, a loss of a key supplier/customer, or a...
As we approach the end of another year, there are a few common topics that I always like to discuss with our manufacturing clients prior to year-end to ensure they are taking advantage of tax opportunities, maximizing profits, and realizing efficiencies within their...
No matter what your company manufactures, the management of inventory throughout the manufacturing process is critical to the profitability and overall success of your organization. Sadly, some manufacturers fail to understand many of the basic concepts related to...
No matter if it’s raw materials, work-in-process, or finished goods, how your organization manages inventory can play a critical role in the profitability and success of your business. The pandemic has created unprecedented challenges for many industries and their...
The ongoing COVID-19 pandemic has exposed discrepancies and disruptions in global manufacturing and supply chains which have been complex and costly. The constraints on transportation and capacity, supply shortages, rising costs, and frustrated customers threaten to...
One of the biggest fears of any food manufacturer is the risk of foreign object contamination of their products. Yet, it seems that there is not a week that goes by without news of another recall related to some type of contamination or issue related to a foreign...
The past 18 months have been a challenge and undoubtedly created some form of disruption for just about any type of business due to the pandemic. However, for manufacturers, the pandemic has created a unique challenge as the availability of labor, raw materials, and...
For many manufacturers, the pandemic had a significant impact on capital expenditures in 2020. Most scaled back plans to build, renovate, make general improvements, or add lines, as the pandemic required a shift to focus more on managing their current levelsof...
As we approach the end of an extremely challenging year, we would like to share our thoughts on a few key issues that we believe manufacturers will continue to face in 2021, and ideas for navigating them. While the road to recovery will be unique for every...