To avoid serious consequences, manufacturers must follow all applicable tax laws. Though most of the attention is usually focused on federal income and payroll taxes, state sales tax is another aspect to consider. Fortunately, there are sales tax exemptions that manufacturers can take advantage of. But determining if your manufacturing company qualifies for such exemptions can be challenging. This article will review the many variables in determining whether a manufacturer can take advantage of sales tax exemptions.

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Have you ever considered using a segmented income statement for your business rather than a company-wide one? While it may require more effort to create, a segmented income statement can offer valuable insights into important performance indicators and potential areas for improvement. In this article, we'll go over the basics of what a segmented income statement entails and how it can be used to benefit your manufacturing company.



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Most manufacturers are aware of their overall profitability, but what about the profitability of individual products? Neglecting to keep track of the costs associated with producing each product could result in missed opportunities to increase profitability. Though it may be challenging to track product-specific cost information, doing so can bring substantial advantages. This article will highlight the benefits of analyzing this information, such as identifying opportunities to save costs and enhance your company's performance.



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