Every business should prepare an annual budget, but it’s especially important in the capital-intensive manufacturing sector. Comprehensive, realistic budgets allow you to identify potential cash flow issues, production capacity constraints and othe...

When most people think of research and development (R&D), they tend to think of technicians in a lab creating brand-new, state-of-the-art products. R&D takes place in many different fields, including manufacturing. The Internal Revenue Servic...

Manufacturers tend to base product prices on direct production costs. Then they occasionally adjust prices for inflation or when the costs of raw materials or labor rates spike. Here’s why this simplified pricing model may compromise market share o...

Making it the largest tax reform in more than 30 years, the Tax Cuts and Jobs Act (TCJA) was passed with a key initiative in mind – increasing U.S. economic growth by providing more tax incentives for domestic businesses, primarily manufacturers. I...

If your business has acquired, constructed or substantially improved a building recently, you may want to consider a cost segregation study. One of these studies can enable you to identify building costs that are properly allocable to tangible person...

The trend of outsourcing to overseas suppliers and contractors may be losing some of its luster. Many businesses are returning to U.S. manufacturers — also known as reshoring — to obtain goods faster and at lower costs than foreign suppliers can ...

With Congress permanently extending the research and development (R&D) credit as a result of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), more U.S. businesses may now be eligible for a significant tax savings opportunity based...

Taking effect this year is a set of new personal property tax (PPT) amendments stemming from the reform movement Michigan voters put into motion in 2014. The reform includes two major provisions shifting small taxpayer exemption measurements and upda...