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Learn more about the benefits of working with a manufacturing-specific CPA in our insightful Q&A with manufacturing CPA and partner Mike Sibley.
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Inventory Costing Changes: A New Tax Savings Opportunity for Smaller Manufacturers
Due to changes enacted under the Tax Cuts and Jobs Act (TCJA), there are many opportunities for manufacturers to reduce their tax liability and keep more money in their businesses. One such opportunity lies in something you already have—your inventory. There are three major changes that significantly impact manufacturers: The ability to elect out of…
Help! The Auditors are Coming!
The key to a successful (and relatively stress free) audit is to be prepared. In this case study, we discuss how we helped one client through audit preparation—and the lessons we learned along the way. Our firm got a phone call recently from the CFO of a manufacturing company. (For the sake of privacy, we’ll…
FASB Standards and You: Two Important Updates for Manufacturing & Tech Companies
The last few years have brought several new standards from the Financial Accounting Standards Board (FASB). While some of these new FASB standards were rolled out as far back as 2014, their effective date is for fiscal years beginning after December 15, 2018—a date that’s fast approaching. So if you haven’t yet prepared for the…
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