September 2022
Featured Article From Our Experts
Inflation Reduction Act (IRA) of 2022 – Impact on Your Manufacturing Business
On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (IRA) which includes widespread provisions impacting taxation, healthcare and renewable energy. Although many of these provisions will not have a direct impact on small to midsized manufacturing businesses, the indirect “trickle-down” impact could be consequential for years to come. In this article, I will discuss one of the most significant provisions in the IRA and what that may mean for your manufacturing company.
Manufacturers: Take Note of Key Tax Provisions of the CHIPS Act
The Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) provides more significant funding for manufacturers to produce semiconductors, also known as chips. In addition to its provisions for funding initiatives, there is an investment tax credit for manufacturing facilities and equipment. In this article, we will discuss these two main components of the CHIPS Act to help you determine if you qualify.
Don’t Overlook Tax Considerations When Selling Your Manufacturing Business
If you’re contemplating selling your manufacturing business, be sure you understand the tax implications. The way that the transaction is structured can impact your tax bill and, therefore, your net proceeds from the sale. This article reviews some important tax-related variables when it comes to selling your manufacturing company.
Using AR to Enhance Manufacturing Processes
Augmented Reality (AR), introduced recently in the last five to six years, is taking its place in manufacturing with a higher-than-expected acceptance. Unlike virtual reality, AR overlays digital imagery onto physical surroundings, typically through the use of a headset, AR glasses or projection. This article looks at how AR can provide visual cues and real-time information that can streamline and improve a variety of manufacturing processes and operations for forward-thinking businesses.
Register for our Annual Tax & Financial Planning Conference on November 10, 2022!

Join us for our Annual Tax & Financial Planning Conference. This conference is designed to bring you up to date on recent tax, accounting and financial updates and provide key year-end strategies to help you lighten your tax burden and better achieve your financial objectives. The conference will be held in person, and CPE credit will be offered.
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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. We 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 Central New York Technology Development Organization (CNY TDO). We are also Upstate New York’s first-ever affiliate of GGI Global Alliance (GGI), the prestigious international organization of professional firms.

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