Saved Manufacturer Over $350,000 Through R&D Study
Our manufacturing client had utilized the Research & Experimentation (R&D) tax credit in the past, but our team questioned if they were getting the maximum benefit from their current method of...
View ArticleHow Manufacturers Can Save on Sales/Use Tax for Government Contracts
Manufacturing companies that sell equipment to the federal government or government contractors could be eligible for a tremendous tax benefit. The opportunity can help reduce sales/use taxes paid for...
View ArticleNational Manufacturing Outlook Survey Offers Look Ahead into 2019
Anders has teamed up with the Leading Edge Alliance (LEA) to jointly release the results from the 2019 LEA National Manufacturing Outlook Survey. For the third year, more than 350 manufacturing...
View ArticleHow the New Revenue Recognition Standard Will Impact Manufacturers
The new revenue recognition standard includes important provisions that manufacturers need to be aware of. Effective 1/1/2019 for private companies with calendar year ends, the new standards will...
View ArticleFiscal-year Corporations Subject to Blended Tax Rates Following Tax Reform
The new 21% corporate tax rate allows C corporations to pay federal taxes at a significantly lower tax rate than the 35% top rate in prior years. While the new tax rate took effect beginning in 2018,...
View ArticleTax Cuts and Jobs Act Provisions Impacting Businesses
The House and Senate have voted and passed tax reform legislation, and President Trump has signed into law. Now that tax reform is definite, we have highlighted some of the major provisions impacting...
View ArticleTax Reform for Manufacturers: UNICAP Exemption Changes
More manufacturers may be exempt from the Uniform Capitalization (UNICAP) rules following tax reform. The UNICAP rules from Code Section 263A generally require that certain direct and indirect costs...
View ArticleAnders and LEA Launch National Benchmarking Survey for Manufacturers
To fill a void of relevant benchmarking data, Anders and our accounting association, the Leading Edge Alliance (LEA), have launched the third annual National Manufacturing Outlook Survey, and we are...
View ArticleTax Reform for Businesses: Tax Rates and AMT for C-Corporations
There has been a lot of buzz about tax reform changes and how they will affect companies in the coming tax years. Some of these changes include the reduction of the corporate and individual tax rates,...
View ArticleTax Reform for Businesses: Qualified Business Income Deduction
The new Qualified Business Income (QBI) deduction is an area of tax reform that may affect how some business owners structure their entities. This new deduction puts flow-through businesses on a level...
View ArticleState and Local Tax Updates on South Dakota v. Wayfair
Join Anders and Aegis on October 2 for breakfast and discussion around the recent South Dakota v. Wayfair case, which uphold states’ sales tax of large online sellers and multi-state businesses. We...
View ArticleA Guide to Tax Credits and Incentives for Missouri Businesses
Federal and state tax credits and incentives can help fund new business ventures and offset project expenses, saving your company time and money. Whether your company is adding jobs, investing in new...
View ArticleBuying vs. Leasing Considerations for Manufacturing Equipment
Whether you are an established manufacturer or just starting out in the industry, the decision to buy or lease needed equipment frequently comes into question. To decide which is right for your...
View ArticleTax Reform for Manufacturers: Medical Device Excise Tax
Medical device manufacturers are once again safe from an industry-wide tax on medical devices manufactured or imported. While tax reform legislation did not originally extend the suspension of the...
View ArticleTax Reform Resources for Navigating the New Tax Plan
Anders is continually monitoring the 2017 Tax Cuts and Jobs Act to determine how it will affect individuals, businesses and organizations. Our tax experts are closely studying the new law and its...
View ArticleTax Reform: Impact on Manufacturers and Distributors
The Tax Cuts and Jobs Act is changing the way organizations do business, including manufacturers and distributors. To help you prepare for the changes and take advantage of new benefits, the Anders...
View ArticleTax Cuts and Jobs Act Provisions Impacting Businesses
The House and Senate have voted and passed tax reform legislation, and President Trump has signed into law. Now that tax reform is definite, we have highlighted some of the major provisions impacting...
View ArticleHow Manufacturers Can Detect and Prevent Fraud Using Inventory Internal Controls
Without strong internal controls, organizations are much more susceptible to fraud. This is especially true for manufacturers, who experience the third highest percentage of all fraud cases according...
View ArticleManufacturers Indicate Optimistic 2018 in LEA Outlook Survey
For the second year, Anders has teamed up with the Leading Edge Alliance (LEA) to jointly release the results from the 2018 LEA National Manufacturing Outlook Survey. More than 450 manufacturing...
View ArticleTax Reform: Elimination of 2% Floor Itemized Deductions
Historically, taxpayers have been afforded the opportunity to include various expenses, in excess of 2 percent of their adjusted gross income (AGI), in the calculation of itemized deductions on their...
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