Innovation and capital are two items that keeps businesses turning. Finding common ground between the innovators and the financers can be a difficult task for all parties involved. Often the finance department can be perceived as blind to the needs of operations, seeing only the costs involved and not the benefits.
Strategic communication is vital …
The constant market fluctuation of demand creates a seemingly unending state of change for manufacturing. Data is everything in modern industry, without up-to-the-minute knowledge, companies can become too out of touch with market needs and potentially fail. For manufacturers to remain viable, some retooling may be needed.
3D Printing
Manufacturing companies are often required to keep …
With the new rate changes, companies stand to lose in 2016, however, these few changes could make 2016 a winning year for manufacturing. The goal is to reduce long-term costs while capitalizing on reduction opportunities afforded by the IRS. Rates have long been kept low in an effort to facilitate growth after the recession …
Everyone has at least one pet peeve. The IRS has many. Here are some items that the tax agency may target on a manufacturer’s 2014 tax return — and ways to help safeguard against an IRS audit. …
By themselves, financial statements provide limited insight into a manufacturer’s performance. To get a clearer picture of what’s really happening requires a relevant basis of comparison. Financial ratios and industry benchmarks provide management with the tools to identify strengths and weaknesses. …
Manufacturers and distributors who export products should consider the use of an interest charge domestic international sales corporation (IC-DISC) to reduce their tax burden. Here are some frequently asked questions about this strategy. …
Pinpointing how much a dealership should pay its owners is never easy. You’ve got to consider a variety of factors, including just what form (salaries, benefits, stock) that compensation will take. You also need to ensure your approach will hold up under IRS scrutiny. …
This past year saw steady growth throughout the industrial sectors of the United States and Canada. With the stress of an election looming, and an uncertain future in Asia, businesses are seeing a steady decline at the start of the New Year.
Business cycles come and go. Growth will eventually prevail, but until then, here …
ResourceMFG recently began conducting a Manufacturing Employee Opinion Survey which will be conducted annually. Of the 2,500 people from the manufacturing industry surveyed, one thing was apparent. The number one subject of importance to the hourly manufacturing employee was pay rate. While this is not a surprise, the reasons for which pay rate is …
The recently passed tax extender legislation is particularly exciting for manufacturing and distributions companies. Congress left the industry a few big presents under the tree this holiday season with the generous tax extender package.
The Work Opportunity Tax Credit (WOTC)— Code section 51
This is one of the most expensive tax extenders, which Congress renewed for …
