May 2022
Featured Article From Our Experts
Tax Implications of Manufacturers Operating in Multiple States (Nexus)
It has been nearly four years since the U.S. Supreme Court's landmark decision in South Dakota v. Wayfair, Inc. This makes now a good time for businesses to review their sales and use tax obligations, as well as any potential franchise and income tax obligations, as a result of the new economic nexus standards that came out of Wayfair, Inc. In this article, I will discuss the concept of economic nexus and how this may apply to your manufacturing company.

Seven Midyear Tax-Reduction Strategies for Manufacturers
As the midpoint of the year fast approaches, it’s a good time for manufacturers to assess their tax status and plan appropriate strategies for reducing their 2022 tax liability. In this article, we will highlight seven tax planning strategies that manufacturers should consider. 
Implementing the Right Pricing Strategy
Manufacturers have been faced with a wide range of economic challenges over the past couple of years. Across the board, the result has been increasing prices. But simply raising prices, without factoring market-based considerations into your pricing strategies, might not be enough. This article will review the factors that should be considered when implementing your pricing strategy. 
A Segmented Income Statement Can Be a Powerful Management Tool for Manufacturers
A company-wide income statement may be sufficient for lenders or other outsiders to evaluate your manufacturing company’s financial performance. But from management’s perspective, a “segmented” income statement can provide valuable insight into key performance drivers and possible improvement strategies. This article discusses segmented income statements and how, if properly designed, can help enhance your manufacturing company’s profitability.  
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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