March 4, 2021 - The manufacturing industry is all too familiar with skilled labor shortages. It is a critical problem that has increasingly plagued manufacturers for years, along with construction, aerospace, and other industries that depend on...
January 12, 2021 - No matter the size of your manufacturing company, there's likely to come a time you'll wonder if you need more internal help with your finances. If you don't have one, you might consider hiring a chief financial officer (CFO)...
ASC 842 is a recent change to leasing standards that, among other things, requires companies to include leases longer than 12 months on their balance sheets. The ramifications of the new standard make it crucial for construction companies to get...
July 28, 2020 - As the economy fluctuates in response to the COVID-19 pandemic, construction companies are weighing everyday transactions with a new scale. The decision of whether to lease or buy construction equipment has always been a decision...
July 17, 2020 - There is a new incentive for businesses licensed with the North Dakota Secretary of State, and the first round of applications opens July 31, 2020. This program applies to certain businesses that incur costs to help reduce the...
May 7, 2020 - From creating new layouts of their shop floors to adding second and third shifts that allow production to continue with appropriate spacing, manufacturers are doing all they can to ensure a productive and healthy work environment....
June 7, 2018 โ The Tax Cuts and Jobs Act (TCJA) created many changes for both individuals and businesses. These changes include the repeal of the Domestic Production Activities Deduction (DPAD or Section 199) and the creation of the new Section...
May 8, 2018 โ One of the main goals of tax reform is to encourage reinvestment in U.S. domestic production. This is through several relief provisions in the Act, which both simplify tax accounting methods and open up more tax benefits. While we...
April 18, 2018 โ You already have enough to worry about between different project requirements, schedules, QA, and other thingsโdonโt let your accounting be another challenge. Letโs review what the Tax Cuts and Jobs Act means for manufacturers.
January 31, 2018 โ Last November, we examined the potential impact of Tax Reform on Choice of Entity. Since the Tax Cuts and Jobs Act was signed into law on December 22, 2017, taxpayers have been working through the changes to try and understand...
