Tax 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 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 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 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...
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National 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 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 ArticleSaved 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...
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