As the end of the calendar year quickly approaches, year-end physical inventory should be on the top of your mind. This can be a major undertaking and disruption for some businesses, however, with the right planning and implementation of the proper procedures, many headaches can be avoided. 

Manufacturers face rising costs of labor and benefits, burdensome government regulations and a shortage of workers. Investing in automated equipment may seem like a smart alternative, but automation can sometimes be more expensive than management expects. This article presents the pros and cons and explains why it’s important to crunch the numbers before automating.

Manufacturers tend to use product pricing models that focus on direct production costs. This article explains why this simplified approach to pricing products may compromise market share over the long run and how market leaders factor market research and overhead costs into their pricing strategies.

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Our comprehensive, online guide provides a breakdown of the major tax provisions that were changed under the Tax Cuts and Jobs Act and offers a variety of strategies, tips and guides to help you to determine the best strategy for your future. Contact us at [email protected] to discuss ways to lessen your tax burden and better achieve your financial objectives. 

About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. The hallmark of our firm is our technical expertise, depth of experience and our approach to delivering quality service to our clients. W e understand the unique needs of manufacturers, and our team of manufacturing specialists are well-versed and experienced in manufacturing concerns, and able to address your needs. We are involved in many organizations that serve manufacturers including the Manufacturers Association of Central New York (MACNY) and the Technology Development Organization. We are also Upstate New York’s first-ever affiliate of GGI, the prestigious international organization of professional firms.

To learn more about Dannible & McKee, visit us at: www.dmcpas.com