June 2022
Featured Article From Our Experts
Is Your Employee Benefit Plan Up to Date?
Don’t Miss These Required Deadlines!
Keep your eye on the calendar! Thanks to certain Internal Revenue Service (IRS) required restatements and amendments, your pre-approved employee benefit plan document will likely be getting a “facelift” soon. In this article, I will review the deadlines approaching and the requirements plan sponsors will need to prepare for to ensure they comply.

Independent Contractor vs. Employee: Are Your Manufacturing Workers Properly Classified?
Workers aren’t considered independent contractors simply because a manufacturing company says they are. Given the significant cost of misclassifying workers, it’s critical for manufacturers to make the right determination. This article reviews why proper classification matters and what you can do to protect your company from the consequences of misclassification.
Six Tips for Dealing With Rising Material Prices
Manufacturers face enormous business challenges today. The top two are rising raw material costs and supply chain challenges, according to the fourth quarter 2021 Manufacturers’ Outlook Survey by the National Association of Manufacturers (NAM). In this article, we will discuss six tips for manufacturers to help address the increasing prices or decreasing availability.
Businesses Will Soon Be Able To Deduct More Under the Standard Mileage Rate
Manufacturers may be tired of the rising gas prices and how they are affecting their business. Thankfully, as prices hit a record high, nearly $2.00 higher than a year ago, the IRS is providing some relief. The agency has announced an increase in the optional standard mileage rate for the last six months of 2022. 
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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