December 2022
Featured Article From Our Experts
In 2017, when the Tax Cuts and Jobs Act (TCJA) was signed into law, it came with significant changes to corporate and individual tax laws. A major change was the amendment to Internal Revenue Code Section 168(k), allowing for a 100% deduction of qualified property placed into service. Why is this important now? The TCJA also added amendments phasing out the 100% deduction of qualified property. In this article, I will explain the amendments to the TCJA and the phase-out schedule, as well as an alternative deduction and its effect on the New York State Investment Tax Credit.

Manufacturers: Are You Conducting Productive Employee Reviews?
Year-end is the traditional time for manufacturers and other business entities to conduct employee reviews. Unfortunately, reviews are often done as quickly as possible, with little thought given to providing the type of feedback to employees that will ultimately help the company achieve its strategic goals. In this article, we will discuss the benefits of conducting comprehensive reviews and provide five strategies for improving your manufacturing company’s performance review process.
Is “Made in America” the Right Model for Your Business? 
Customer preference for American-made products isn’t new. For manufacturers that have used overseas suppliers, deciding when and whether to return to U.S. factories and suppliers can be a tough decision. Higher labor rates and overhead costs may cause some “homegrown” products to be more expensive than foreign-sourced products. Click through to this article to learn more about the Federal Trade Commission’s guidelines for claiming a product as “Made in the USA,” along with key marketing angles to consider positioning your business for success.
Operating In Multiple States May Have Tax Implications for Manufacturers
Are you considering expanding operations in another state? Manufacturers operating in more than one state may be subject to taxation in multiple states. But with proper planning, you can potentially lower your company’s state tax liability. In this article, we will discuss how to know when a manufacturer has Nexus, what market-based sourcing is and when it is time to conduct a Nexus study. 
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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