Withum

DECEMBER 19, 2024

The manufacturing world is buzzing with artificial intelligence success stories, at least if vendors are to be believed. Yet beneath this enthusiastic narrative lies a more sobering reality: many manufacturers are struggling with the basics of digital transformation. Two scenarios illustrate this common misstep.

Manufacturing

Withum

MARCH 4, 2025

Legacy systems are costing manufacturers more than they realize today slowing operations, limiting flexibility and creating bottlenecks that stifle growth. For businesses ready to compete in a digitally-driven market, modernizing manufacturing systems isnt just a nice-to-have; its becoming essential.

Manufacturing

CPA Practice

OCTOBER 24, 2024

The revenue procedure provides procedures and requirements that a manufacturer of specified property must follow to be treated as a qualified manufacturer (QM). To become a QM, a manufacturer must: Register and enter into an agreement with the IRS. Make periodic reports to the IRS of PINs assigned.

Manufacturing

TaxConnex

JANUARY 21, 2025

Manufacturers certificates and a nonprofit certificate might also be acceptable. Among different types of resale certificates, a Uniform Sales and Use Tax Certificate can be used for resale exemptions in many states, with some limitations; the Streamlined Sales Tax form works in states that participate in the SST project.

Non-Profits

Withum

MARCH 17, 2025

based distributor purchases finished goods from a manufacturer in Japan. The Japanese manufacturer sources components from a Canadian-based customer for its products, where in Canada the components underwent a substantial transformation. Contact Withums Manufacturing, Distribution and Logistics Services Team today.

financial statements

CPA Practice

OCTOBER 22, 2024

His strategic vision and technical experience encompass leading Enterprise Application offerings for human resources, payroll, financials, distribution and manufacturing — as well as experience enhancing core ERP systems with solutions for reporting, enterprise performance management and business analytics.

accounting and finance

RogerRossmeisl

AUGUST 13, 2025

Most people are familiar with the use of precious metals for making jewelry, but they also have broad industrial and manufacturing applications, including in renewable energy products such as solar panels and. Silver and platinum prices are also elevated in 2025.

Manufacturing

ThomsonReuters

NOVEMBER 7, 2024

A CFO from a consumer goods manufacturer stated, “We wanted to ensure our ESG data solution was easily compatible with our existing ERP system.” For CFOs, ensuring ERP compatibility is a top priority when selecting third-party ESG software solutions, as it allows for effective utilization of existing data and systems.

Technology

CapataCPA

JULY 11, 2025

Carbon Capture Credits Enhanced Credits for captured CO₂ used in manufacturing or energy recovery now match those for secure geological storage. Clean Fuel Credits Extended Through 2029 While extended, these credits now come with new requirements around emissions, feedstock sources, and credit caps.

Tax

Withum

MARCH 4, 2025

Understanding the intricacies of manufacturing costs is crucial for any company aiming to succeed. By delving deep into every aspect of your manufacturing processes, it is vital to optimize cost structures and ensure that pricing strategies are both competitive and sustainable.

Manufacturing

Withum

AUGUST 5, 2025

Definition of Qualified Production Activity Under the OBBBA, a qualified production activity refers to the manufacturing, production, or refining of a qualified product. Any other functions not directly related to the manufacturing, production, or refining of tangible personal property. Lodging and parking. Research and development.

tax planning

Withum

NOVEMBER 19, 2024

Learn how Withum’s ERP team worked with a chemical manufacturer optimize its operations by implementing Oracle NetSuite and utilizing add-on products to enhance efficiency. Executive Summary A chemical manufacturer sought to optimize its operations by implementing Oracle NetSuite.

NetSuite

Withum

AUGUST 11, 2025

Chemical manufacturers use customer collaboration and engagement as a sales strategy, experiential marketing and product development. Explore further insights on optimizing sales and efficiency in chemical manufacturing with CRM solutions in this related article.

NetSuite

CapataCPA

JUNE 5, 2025

Manufacturing Deductions What it is : A special deduction for companies investing in buildings used for manufacturing. Proposed Change : Allows 100% expensing of manufacturing structures , encouraging domestic production and facility investment. Current Law : No specific deduction exists.

Tax

ThomsonReuters

NOVEMBER 25, 2024

ESG-related issues to look for in a new vendor: A history of ethical business dealings and associations Open transparency when asked to disclose ESG-related information Previous knowledge of—and compliance with—ESG benchmarks Established policies against bribery and corruption Willingness to share knowledge of where materials and components are sourced (..)

Government

Going Concern

DECEMBER 5, 2024

TAX CANDIDATES FTE Tax Senior | Candidate ID #22391832 Certifications: CPA Education: BBA Accounting Experience (years): 20+ years accounting Work experience (detail): All in public accounting Led tax practice Trusts, Estates, Partnerships, S-Corps Review of team’s workpapers and preparation Client niches: Real Estate, Manufacturing Tech Stack: UltraTax, (..)

Real Estate

inDinero Tax Tips

DECEMBER 12, 2024

Some industries, such as manufacturing, are capital-intensive. Startups make tradeoffs between growth and profitability all the time, where short-term losses and high burn rates are acceptable while acquiring market share. Theyll need longer timelines before theyre net neutral.

accounts payable

Withum

JULY 31, 2025

From Setup to Success: Your Roadmap for an Efficient HubSpot Sales Hub Launch Implementing the HubSpot Sales Hub can feel like a monumental task, especially for middle-market companies in the manufacturing and distribution sectors. However, with a clear roadmap, achieving efficiency doesn’t have to be complicated.

Manufacturing

ThomsonReuters

NOVEMBER 8, 2024

Strengthening auto supply chains Another interesting use case for GenAI is automobile manufacturers who are transitioning to electric vehicles (EVs) and, in the process, significantly altering their supply chains.

Technology

Withum

DECEMBER 20, 2024

In our previous article, Optimizing Sales and Efficiency in Chemical Manufacturing Through CRM Solutions , we explored the important role CRM plays in enhancing chemical manufacturing operations by optimizing sales, improving customer relationships and ensuring regulatory compliance.

Manufacturing

Basis 365

JANUARY 14, 2025

Supply Chain Specialist: For businesses managing inventory or manufacturing, supply chain specialists optimize logistics and procurement processes. Operations and Supply Chain Operations Consultant: Operations consultants streamline workflows and improve efficiency using methodologies like Lean Six Sigma.

bookkeeping

Basis 365

DECEMBER 26, 2024

Common examples include materials used in manufacturing, sales commissions, merchant processing fees, and certain utilities that scale with usage. From a managerial perspective, understanding your fixed cost structure is crucial because these costs create a baseline of expenditure that must be covered by your revenuesno matter what.

Sales

Withum

MAY 16, 2025

Visit Resource Center Option 3 Foreign Trade Zones (FTZs) A foreign trade zone (FTZ) is a designated geographic area where imported goods can be stored, processed or manufactured without incurring customs duties until they enter the domestic market. Contact Withums Manufacturing and Distribution Services Team today.

Manufacturing

TaxConnex

APRIL 17, 2025

Items sold for resale are typically not taxed (manufacturing is one industry where this exemption is often found). The certificates must have the buyers registration/account number; buyer and seller names; the nature of the exemption (resale, manufacturing and so on); and the customer signature and the date.

Sales

Accounting Seed

APRIL 24, 2025

Understanding accounting automation software While automation has transformed industries like manufacturing and logistics for decades, its relatively new to the accounting world. Plus, youll read how one growing company used automation to enhance their operationsand how you can do the same.

accountant

CPA Practice

JUNE 18, 2025

urkowski has more than 30 years of experience conducting audits and reviews and providing financial advisory services to privately held and publicly traded clients in manufacturing, distribution, and service industries.

Technology

ThomsonReuters

OCTOBER 31, 2024

Their proposals include: Maintaining reduced individual and corporate tax rates Significantly reducing the corporate tax rate for companies manufacturing within the U.S. Republican tax policy proposals The Republican party seeks to make the TCJA’s temporary measures permanent.

Tax

Accounting Today

AUGUST 1, 2025

Equine manufacturing that allows you to develop your staff to know different things about businesses. I would say definitely pay attention to communication and culture, and weve had a lot of luck building niches. So the niches would be different service lines like Im a forensic accountant, but it could be different industry teams.

Technology

Withum

OCTOBER 18, 2024

1 A similar case occurred in 2009 when a Nebraska parts manager ordered special order parts for body shops but voided the sale invoices once the SOP order went through to the manufacturer. Another month may show accounting higher if parts has done a large return to the manufacturer, which hasn’t yet been credited to the parts statement.

general ledger

Withum

DECEMBER 16, 2024

Many manufacturing companies encounter challenges when trying to manage their operations within an ERP system. Unlike more standardized industries, manufacturing involves a wide range of variables, including custom production workflows, specialized machinery and intricate supply chain logistics that are often unique to your product.

NetSuite

CPA Practice

NOVEMBER 15, 2024

KKB has a 60-year history delivering a comprehensive, tailored suite of accounting, tax, and business advisory services to businesses and leaders in a wide variety of industries, including construction, real estate, professional services, retail, and manufacturing. “We

California

Acterys

NOVEMBER 8, 2024

Most xP&A solutions will also include multiple models of similar size to cover other functional areas like finance, HR, or manufacturing. That equals around 12 million populated cells if we consider that every data point is populated, which is likely in that example.

audit

Withum

JULY 4, 2025

Defines “qualified production property” to include any portion of nonresidential real property used as an integral part of qualified manufacturing, agricultural or chemical production, or refining of a qualified product. Applies to property placed in service after the date of enactment of the Bill, but before January 1, 2031.

income tax

Mark Lee

NOVEMBER 18, 2024

The manufacturers will sell more of their products if they focus on what their customers really want. You can help them realise this is not the best way to compare accountants. There’s a wonderful old analogy involving electric drills. When someone buys a drill, is that what they wanted? Or is what they want, ‘holes’?

accountant

Shay CPA

JUNE 4, 2025

The Pros of Working With EDCs Grants and Financial Incentives Direct Funding: Many EDCs award grants or sponsor pitch competitions to encourage innovation in targeted areasthink health tech, clean tech, AI, or local manufacturing. Founder Tip: Stay informed by subscribing to newsletters or checking EDC websites.

Real Estate

Accounting Insight

JULY 3, 2025

Already grappling with rising wage demands and increased National Insurance contributions, UK businesses are being squeezed with rising inflation, which is hitting labour-heavy sectors like manufacturing, hospitality, retail and logistics the hardest.

Finance

Withum

FEBRUARY 19, 2025

However, a couple of industry shifts are reshaping the landscape for parts sales: Original Equipment Manufacturers (OEMs) are Adjusting List Pricing : Warranty Reimbursement laws have prompted OEMs to adjust their list pricing downward, often making it less reliable as a standard for setting your dealerships prices.

Manufacturing