February 2022
Featured Article From Our Experts
Employment Tax Credits for Manufacturers
The manufacturing industry makes up the backbone of the U.S. economy and, as such, there are many tax incentives aimed at helping manufacturers grow and thrive. In this article, we will review three of the more common employment tax credits manufacturers frequently claim, which often lead to substantial tax savings.  

Economic Nexus and Manufacturers’ Sales Tax Obligations
Today, nearly every state with a sales tax has enacted an “economic nexus” law that extends the reach of its sales tax collection obligations to sellers beyond its borders. Although sales by manufacturers are often exempt from sales taxes, they cannot afford to ignore economic nexus laws in states where they do business. In this article, we will discuss how the economic nexus laws work and the impact on manufacturers. 

Do You Know the Value of Your Manufacturing Business?
Owners of manufacturing businesses often wonder, “What’s my business worth?” In this article we explain the various approaches to valuing a manufacturing business and how it can help owners improve current operations or plan for a future sale or transition.

The ABCs of Activity-Based Costing
What’s the “true” cost of a product or job? The answer is critical to evaluating your company’s profitability and may be found through activity-based costing. This article will review the steps used in activity-based costing and the benefits from using this system.
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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, the prestigious international organization of professional firms.

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