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Sales tax industry of the month: Manufacturers

TaxConnex

When it comes to sales tax, “manufacturing” is often defined as a physical application of materials and labor to change the characteristics of tangible personal property (TPP). Every state has nuances on how sales tax applies to the manufacturing process, equipment and materials. First is the definition of the industry itself.

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Sustainable Manufacturing: Harnessing Energy Tax Credits

Cherry Bekaert

For the industrial manufacturing industry, two energy tax credits that stand to provide incredible advantages are the Advanced Manufacturing Production Credit: Section 45X and Advanced Energy Project Credit: Section 48C. Contact Us The post Sustainable Manufacturing: Harnessing Energy Tax Credits appeared first on Cherry Bekaert.

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Preventing Ransomware Attacks on Manufacturers

RogerRossmeisl

If it seems like cybercriminals often target manufacturing (including food processing) and distribution companies, that’s because they do. According to software company Varonis, manufacturers account for nearly a quarter of all ransomware attacks — more than any other industry. meat supply and even hurting commodity prices.

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Avalara Tax Solutions for Manufacturing Businesses

AccountingDepartment

Even in the best of times, manufacturers face distinctive challenges when it comes to sales and use tax. The landscape of tax legislation is constantly evolving, and clients are undoubtedly experiencing its impact.

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Path to Becoming a CFO

Speaker: Rodrigo Brumana, CFO at Poshmark, and Jeff Epstein, Veteran Tech CFO

We’ll ask him about serving in FP&A and divisional CFO roles in publicly traded companies, and how exposure to eCommerce, internet, digital media, software, services, manufacturing, and investment banking has shaped his approach to his role. We’ll hear about his experience as a public CFO and as CFO of a VC-backed unicorn.

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Process Maturity Modeling for Modern Manufacturing

Cherry Bekaert

As a vital part of the global economy, modern manufacturing continues to provide a course to rising incomes and living standards, innovation and competitiveness. To overcome these challenges, the modern manufacturer must strategically align with modernization, digitalization and advancement, commonly referred to as Industry 4.0.

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3 Sales tax pitfalls facing manufacturers and wholesalers

TaxConnex

Many manufacturers, wholesalers, and distributors believe they have minimal sales tax obligations due to the likelihood of  sales tax-exempt transactions. Businesses don’t always fit into a “box” as being only a manufacturer, or only a distributor. Many times, a manufacturer is also a distributor.

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