D&M Manufacturing Industry Newsletter

June 2024

CPA, CFE

Featured Article From Our Experts

Key Financial Ratios That Will Improve Your Manufacturing Business

In the manufacturing industry, financial ratios are essential tools that provide valuable insights into a company's financial health and performance. Understanding and utilizing these ratios is crucial for making informed decisions and steering your business toward success. In this article, you will learn the pivotal role that financial ratios play in evaluating the performance of manufacturing companies.

IRS Issues Final Regulations Regarding the Advanced Manufacturing Investment Credit

The CHIPS Act created a temporary Advanced Manufacturing Investment Credit, also referred to as the “Sec. 48D credit,” for investments in semiconductor manufacturing property. The IRS has recently issued final regulations that, among other things, address the election to treat the Sec. 48D credit as a federal tax payment. This article offers an overview of the credit and outlines what manufacturers need to know to claim it.

Eight Strategies for Boosting Your Manufacturing Production Capacity

If your manufacturing facility is reaching maximum capacity, you may be considering expanding your operational footprint. However, expanding requires significant cash outlays that you may be hesitant to spend. There are many alternative ways to increase your manufacturing capacity without expanding. This article has eight suggestions that you may want to contemplate.

Can Your Manufacturing Company Benefit From a Cost Segregation Study?

When manufacturers purchase, construct or improve their facilities, it involves a substantial investment. Cost segregation studies may allow a manufacturer to accelerate depreciation deductions on certain items, thereby reducing current taxes and boosting cash flow. Click through to learn how.

Stay Connected

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 is 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.

OFFICE LOCATIONS:

DM Financial Plaza, 221 South Warren Street, Suite 500, Syracuse, NY 13202

213 North Street, Suite 101, Auburn, NY 13021

200 Harborside Drive, Suite 201, Schenectady, NY 12305

220 Stage Road, Vestal, NY 13850

3001 N. Rocky Point Drive, Suite 214, Tampa, FL 33607

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

Robert C. Reeves

CPA, CFE