Chief Executive surveys CEO’s around the U.S. to determine their annual list of “Best & Worst States for Business.” This year, Ohio is again a top 10 best state for business. Ohio is home to 20 Fortune 500 companies and has demonstrated its value through continuous groundbreakings and expansions. Testimonials from c-suite executives cite JobsOhio […]
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The TCJA provides small manufacturers exemptions from the use of full absorption method of inventory costing (§471) and uniform capitalization (§263A). A small manufacturer is any manufacturer with average annual gross receipts for the three prior tax years under $25 million. Inventory Costing Under TCJA Qualifying taxpayers can elect out of §263A by following the […]
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The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-15, Leases (Topic 842) in 2016. This purpose of this ASU is to increase transparency and comparability among entities by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The following organizations need to adopt […]
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Malicious hackers target all types of businesses. But manufacturers that rely on automation, robotics and connected networks are especially vulnerable to cyberattacks. Here’s what you can do to protect your manufacturing business. Know your risks It’s only natural that manufacturers fear data breaches — and unfortunately hackers often can use that fear to cripple organizations […]
Read the full articleThe research and development tax credit was created in 1981 to encourage the development of new products, processes and computer software in the United States. Prior to the 2015 Protecting Americans from Tax Hikes (“PATH act”), the R&D credit could be used only to offset Federal Income Tax. There was no dollar limit on the […]
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