January 2023
Featured Article From Our Experts
Energy Credits Under the Inflation Reduction Act
The Inflation Reduction Act of 2022 (the “Act”) was signed into law in August of 2022. It included several provisions aimed at incentivizing the production and use of clean energy, including the purchase of machinery, equipment and construction of facilities used to produce clean energy. In this article, I will review these tax credits and how they can help your manufacturing business.

Planning an Exit Strategy for Your Business
Every business owner should have an exit strategy that helps recoup the maximum amount for his or her investment. Understanding the tax implications of a business sale will help you plan for — and, in some cases, reduce — the impact on your tax bill. In this article, we will provide some considerations to help ensure the transition is as smooth as possible if you are thinking about selling your business to a third party. We also provide a sidebar on whether you should set up an employee stock ownership plan (ESOP). 

Manufacturers, Be Proactive: “Recession-proof” Your Business Now
You’ve likely heard the steady drumbeat of news that 2023 may see a global recession. Whether that prediction comes to fruition depends on a myriad of variables. While no business is recession-proof, there are strategies to implement today to prepare for any financial downturn in the future. This article reviews five steps you should consider to minimize the adverse effects of an economic downturn.

Three Ways Manufacturers Can Better Prepare for the Next Supply Chain Disruption
Before the COVID-19 pandemic, many manufacturers’ supply chain management efforts focused on reducing costs and increasing efficiency. But the pandemic highlighted the vulnerability of global supply chains to disruptions caused not only by public health emergencies, but also by natural disasters and economic volatility. To prepare for future disruptions, manufacturers should reexamine their supply chain approaches. In this article, we will review three strategies manufactures should consider.

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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. Throughout this 45-year history, we have been wholly dedicated to the success of our clients. Every aspect of our business has been guided by our values and our commitment to putting each client's interests first. In a complex profession, we have found our greatest rewards in the simplicity of helping good people prosper. Delivering confidence in every financial decision is our goal for our clients, and it's also the most significant way we can contribute to their long-term success.
 
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To learn more about Dannible & McKee, visit us at: www.dmcpas.com.