November 2022
Featured Article From Our Experts
Enhancing Your Back-Office Accounting Needs
Today's market has become increasingly difficult. As manufacturers, there is more and more to worry about to stay competitive. Just finding good employees is a challenge in and of itself. That's where we come in. The team at Dannible & McKee has a number of solutions for your accounting needs that can help alleviate your stress and give you back time. In this article, I will tell you more about our accounting services team and the solutions we offer to help you stay competitive.
Manufacturers Must Act Now To Maximize Depreciation-related Tax Breaks for 2022
As year-end nears, manufacturers are looking to get the most tax bang for their buck. In some cases, you may realize instant tax gratification by currently deducting the full cost of business property placed in service in 2022, even if it occurs as late as December 31. In this article, we will take a look at four key depreciation-related tax breaks available to manufacturers that you may want to consider.
Inflation Reduction Act Enhances Payroll Tax Break for Small Manufacturers’ Research Expenses
It’s important to keep pace with the competition, especially if your manufacturing company is trying to carve out a niche in a new marketplace. Fortunately, federal tax law allows manufacturers to claim a research tax credit for qualified expenses. Now, the Inflation Reduction Act (IRA) expands the ability of qualified small businesses to use research credits to offset federal payroll tax instead of income tax. In this article, we will explain what is new and the requirements that must be met to qualify.
Bring Manufacturing Workers Into the Fold With a Strong Employee Benefits Package
The labor shortage in the manufacturing sector has been well documented. Will this shortage adversely affect your manufacturing company or has it already done so? You don’t have to sit idly by while the labor gap continues to grow. A healthy selection of employee benefits, in addition to competitive pay, can be the key to landing the best candidates. This article reviews several benefits that are tax-exempt to participating employees, making them particularly attractive.
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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