Thought Leadership

Income Statement

The Power Behind a Segmented Income Statement

For lenders or other outsiders, a companywide income statement may be enough to evaluate your company's financial performance. However, from management's perspective, a "segmented" income statement can provide valuable insight into key performance drivers and possible improvement strategies.

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Hand in Yellow Glove Pressing Button Starting Industrial Process

Double Take — Should you Reevaluate the R&D Credit?

Popularly known as the R&D credit, the federal tax credit for increasing research and development activities can be a valuable break for manufacturers. An eligible company’s tax liability can be reduced as much as 7.9 cents (or more if state research credits are available) for each dollar of…

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Stop Light

Taking the Company on the Road

For business owners, salespeople and other employees, a company car can be a valuable benefit. Thanks to the Tax Cuts and Jobs Act of 2017 (TCJA), the luxury auto threshold went from $15,800 to an inflation-adjusted $50,000. This means now could be an ideal time to invest in business vehicles. The…

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Made in America Clothing Tag

"Made in the USA" Can Boost Your Business

It’s not just a point of pride, it’s a hot marketing trend! “Made in the USA,” can help you differentiate your manufacturing products from the sea of foreign goods in the marketplace. It’s an even bigger win for manufacturers if they can obtain American goods faster and at lower costs than…

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Sticky Notes on Pages in Book

Lease Terms are Being Revised to Avoid New Lease Accounting Rules

A desire to avoid lease accounting rules for new contracts has debt-strapped private companies exploring new avenues. But why? Some fear that by implementing the guidance, they would violate loan covenant agreements with lenders that limit the liability amounts they’re allowed to carry. However,…

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Office Phone

What is Your Business Worth?

There are many reasons you value your business — some examples include the hard work you put into it, the time and life investment, and general pride in the accomplishment and product. There are also many reasons to determine the economic value of your business — retirement plans, loan applications…

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Cardboard Box on Assembly Line

U.S. Imposes Tariffs on $7.5 Billion in EU Goods

On October 18, 2019, the United States imposed additional tariffs on a range of imports from the European Union (EU) that include 10% tariffs on civilian aircrafts and 25% tariffs on a range of products. The tariffs follow a World Trade Organization (WTO) arbitration decision that commenced on…

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Conveyor Belt

The Wayfair Decision: What Manufacturers Need to Know About Sales Tax

Many businesses, including manufacturers, that buy or sell products across state lines are affected by the U.S. Supreme Court’s landmark decision in South Dakota v. Wayfair. In this decision, South Dakota’s “economic nexus” statute that requires certain out-of-state sellers to register for and…

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