From category archives: Boulay

Manufacturing

You May Qualify for the Section 199 Manufacturers’ Deduction

Even if your business does not manufacture anything, you may still qualify for the Section 199 deduction, commonly referred to as the manufacturer’s deduction or the Domestic Production Activities Deduction (DPAD). It is called this because it is designed to encourage manufacturing within the United States. However, it can give tax breaks to a broad range of businesses, not only manufacturers. Discuss whether your company qualifies for this tax break on your 2016 tax return with one of our expert tax advisors.

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Minnesota Capital Equipment Refund Claims

Certain industries, which have never qualified for capital equipment refunds, will be indirectly impacted when the upfront exemption becomes effective.

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You may Qualify for the Manufacturer's Deduction

Section 199, or the Domestic Production Activities Deduction, is often referred to as the “manufacturer’s deduction.” This is a bit misleading because the deduction is not simply for manufacturers. Any business with “qualified production activities” can take a 9% deduction against the income from production activities or taxable income, whichever is lesser. The deduction will remain available to traditional manufacturers, in addition to being available to businesses that produce a new product.

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What Will Happen With Section 179 and Bonus Depreciation?

As year-end approaches, tax planning becomes a higher priority for a number of taxpayers. For many, accelerated deductions for capital equipment purchases can dramatically impact their tax situation and influence the timing of their purchases. Determining the tax implications of these purchases is full of uncertainty due to Congress’ inaction surrounding accelerated depreciation methods known as Section 179 and “bonus depreciation”.

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When Valuing a Manufacturing Business, Work With a Pro

Appraising manufacturing businesses isn’t an easy task. Multiple aspects of these companies have intangible assets that may provide value in addition to the value of a company’s hard assets. But this article describes how qualified appraisers can ascertain the value of companies by applying various valuation methods, such as the income, market and cost (or asset-based) approaches. By considering these methods and choosing the most appropriate, valuators can come up with reliable value estimates.

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Defenses up! Are you doing all you can to prevent fraud?

When it comes to fraud, employees are a natural culprit because they have the most immediate access to funds and materials. Fortunately, there are steps companies can take to reduce the chances of fraud. This article mentions some basic steps and shows how forensic accountants can be useful. A sidebar describes several key functions of manufacturing and distribution companies that are particularly vulnerable to employee fraud and, thus, demand special attention.

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Best Practices: Cash Flow Forecasting

Capital is the lifeblood of any manufacturing business. Each week, your payroll must be met, overhead covered and suppliers paid. Meanwhile, your customers might not pay on time—or in full—and unanticipated expenses may come up, straining your cash flow.

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Is Your Business Ready For The Baby Boom Bust?

The oldest of the baby boomers currently are winding down their careers, including thousands of manufacturing and distribution business owners. A 2011 American Small Manufacturers Coalition poll showed that almost 60% of the firms surveyed anticipated a possible leadership change within the next five years.

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The IC-DISC: An Overlooked Tax Break That Could Be Your Big Break!

For manufacturing and distribution companies with foreign sales, 2012 was scheduled to be the last year certain tax benefits remained for export sales.

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