January 2022
Featured Article From Our Experts
What Do I Do Next Now That the New Lease Standard Is Here? 
Accounting Standards Update (ASU) 2016‐02, Leases, is required to be implemented by private companies for years beginning after December 15, 2021. With the implementation of this standard, companies will be required to capitalize their leases. In this article, I will review a couple of options to consider for the implementation of the new leasing standard,

It’s Time to Review Expense Deduction Rules
The COVID-19 pandemic is not over, but business travel is starting back up. So, now is a good time to revisit the tax rules for deducting business travel expenses. In this article, we review the deductibility of domestic travel expenses.

Tips for Manufacturers to Attract and Retain Qualified Workers  
The labor shortage has been a major concern among a variety of businesses for years, and the struggle to find and retain qualified workers has been especially pervasive among manufacturers. This article offers strategies that businesses can implement to attract and retain workers.

Digital Supply Chain Is the Future
As the supply chain for the manufacturing industry becomes increasingly global, it’s also becoming increasingly complex. Even before the COVID-19 pandemic, many manufacturers and distributors were adopting digital solutions — particularly blockchain. This article reviews blockchain technology and its benefits for manufacturers.

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, the prestigious international organization of professional firms.

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