MANUFACTURING

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Manufacturing Newsletter

Check out our articles for manufacturing companies below. Like what you see? Get timely updates about these topics and more delivered straight to your inbox by signing up for our monthly email newsletter.

New reporting rules will affect beneficial owners

Oct 27, 2023

Extensive reporting requirements stemming from the Corporate Transparency Act will affect many business owners starting January 1.

Why related-party arrangements matter

Sep 22, 2023

Identifying related parties is just one of many parts that go into preparing financial statements. Here’s why they matter, why auditors give them scrutiny, and how to avoid the risks that often accompany them.

Watch out for employee retention tax credit frauds

Aug 16, 2023

Scammers are hyping quick, easy money from the employee retention tax credit, but despite what you might hear in the slick advertisements, the IRS has a warning for employers.

A businessman on his iPad with a factory in the background.

Modern manufacturing: Embracing the digital future

Jun 6, 2023

(authored by RSM US LLP) Digital transformation is critical for modern manufacturing operations and the factory of the future.

New tax treatment of R&D costs spur M&A considerations

Apr 25, 2023

Understanding new Section 174 rules is essential for business owners to prevent costly surprises and preserve cash flow.

Proposed federal budget includes noteworthy tax changes

Mar 15, 2023

President Biden’s 2024 budget proposal includes a variety of changes that could impact taxes for individuals and businesses.

Buying a business vehicle? A heavy SUV is a tax-smart option

Buying a business vehicle? A heavy SUV is a tax-smart option

Feb 24, 2023

Purchasing a heavy SUV could provide a more generous tax break than a smaller vehicle for business owners.

How much does your company disclose about COGS?

How much does your business disclose about COGS?

Jan 17, 2023

The cost of goods sold can account for 70% of a company’s expenses, according to recent discussions by the FASB’s Investor Advisory Committee. However, some companies skimp on details around the costs they incur to produce goods. The FASB’s disaggregation of income statement project could change that.

R&D credit can have big impact for small businesses

Jan 16, 2023

Every business can be an innovator. The research tax credit is a way to reward that innovation, and it comes with an intriguing feature related to payroll taxes.

Manufacturing CPAs

“We have been working with KraftCPAs for 15 years. Our manufacturing business is complex, and they have taken the time to understand our processes, and are able to leverage their overall technical knowledge and experience with other clients to provide insights and advice on how we can improve. We certainly view KraftCPAs as a valuable business partner.”

Mike McKee, McKee Foods Corporation

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