Manufacturers Aren’t Immune from Wayfair’s Sales Tax Impact
BACKGROUND ON SOUTH DAKOTA VS. WAYFAIR
Earlier this summer, the U.S. Supreme Court ruled in the landmark case South Dakota vs. Wayfair that the “physical presence test” for determining if a seller is required to administer sales taxes …
Tax Reform FAQ For Manufacturers
The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” (TCJA) represents the biggest change to the tax code since 1986. While the implications for businesses are broad and complex, we’ve …
Section 199A Further Guidance: What It Means to Farmers
Section 199A is one of the more contentious areas of the Tax Cuts and Jobs Act. In response to speculation about what the items in Section 199A involve, the IRS released proposed regulations for …
Tax Planning is a Must for Farmers as a Result of New Legislation
Changes to the U.S. tax code as a result of the 2017 Tax Cuts and Jobs Act (TCJA) will have a big impact on how farmers treat losses. In a recent article for The …
Impact of Tax Legislation on the Farm and Ranch Industry
The Tax Cuts and Jobs Act (TCJA)—a sweeping update to the U.S. tax code—was signed into law at the end of 2017. A recent article published by Successful Farming offers an overview of how …
How to Slow Employee Turnover in Manufacturing Firms
Universally, the cost of employee turnover is felt in both the budget and the overall culture of a company. With a turnover rate 33% higher than other industries in the U.S., manufacturers need to …
Implementing AI in Manufacturing – Is it Worth it?
Undoubtedly, the growth and continual improvement of artificial intelligence (AI) has been revolutionary for the manufacturing industry. In addition to reducing expenses, AI has provided manufacturers with opportunities and information that would have been …
The Cost of Input Tariffs on the Manufacturing Sector
Most industries in the U.S. manufacturing sector source at least 10% of their intermediate inputs from countries outside of the United States. Recent legislation to raise import tariffs will likely increase costs for U.S. …