Tax Reform

6 Tax Changes Manufacturers and Distributors Need to Consider

The Tax Cuts and Jobs Act made significant changes to tax laws that impact manufacturers, both from a cost perspective and a growth perspective. Some of these changes don’t last forever. We know it is important to you as a manufacturing executive to understand the different implications as you make decisions impacting investments and growth…. Read more »

Switching Accounting Methods Can Provide Instant Tax Savings For Manufacturers

As a manufacturer or distributor, you probably determine taxable income using the accrual method of accounting, but switching accounting methods from accrual to cash basis provides tax savings. In the past, anyone with inventory was generally required to file tax returns under the accrual method. The Tax Cuts and Jobs Act changed this requirement in… Read more »