The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration. The amount of first-year depreciation available as a so-called bonus will begin to drop from 100% afte...

Many manufacturers are eligible for tax write-offs for certain equipment purchases and building improvements. These write-offs can do wonders for a manufacturer’s cash flow, but whether to claim them isn’t always an easy decision. In some cases, ...

Many manufacturers have a false sense of calm when it comes to cybersecurity. They incorrectly assume their risk of a cyberattack is low because they don’t sell products on the Internet or gather credit card information and other sensitive data fro...

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...