Redpath Insights

How Does IRS Code Section 199A Affect Manufacturers?

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 199A deduction...

Manufacturers Now See Simpler Reporting Requirements

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 recently posted...

What Tax Reform Means for Manufacturers

You already have enough to worry about between different project requirements, schedules, QA, and other thingsβ€”don’t let your accounting be another challenge. Let’s review what the Tax Cuts and Jobs Act means for manufacturers.

Impact of Tax Reform on Choice of Entity after the Tax Cuts and Jobs Act

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 the impact to...

Boost Manufacturing Profits with Employee Engagement

Manufacturers everywhere have a common charter to boost profits and increase market share. Some tried-and-true strategies to keep up with the competition include process automation, data-driven marketing, and smart inventory management.

Should Manufacturers Buy or Lease Large Equipment?

Recently, the Financial Accounting Standards Board issued an update that will significantly change the way in which lessees and lessors account for leases. The change, which takes effect in 2020, will require businesses to recognize lease assets...

How to Use Material Margin to Drive Competitive Pricing

Overhead costs are not a factor of revenue, they are a factor of complexity. Too much complexity overhead increases your costs and reduces your profits. An alternate approach to determining product pricing starts with understanding your material...

Tax Advantage of R&D Tax Credit to Minimize Your Tax Liability

For many organizations, taking the research and development (R&D) tax credit means identifying a hidden source of cash in addition to minimizing their tax liability. If you reviewed the R&D tax credit in the past and determined you would not receive...