Manufacturing

5 Things for Manufacturers to Know About Tax Reform

By |2019-05-14T09:20:08-05:00March 29th, 2018|Accounting, Deductions, IRS, Manufacturing, Tax, Tax Reform|

Tax reform has businesses of all kinds contemplating how it will affect them. In a sense, it’s a great catalyst to reevaluate your business in general to ensure your strategies and processes are maximizing outcomes and revenues. Below are a few changes in tax reform that may impact you specifically as a manufacturer. INCREASED FIXED [...]

Tax Time with TD&T: UNICAP Exemptions Expanded

By |2019-05-14T09:22:15-05:00February 27th, 2018|Change, IRS, Manufacturing, Tax, Tax Reform|

In a quick summary, UNICAP is short for the Uniform Capitalization rules found in Internal Revenue Code § 263A. It requires taxpayers to capitalize, rather than expense, a portion of indirect costs associated with the production of inventory.  Exemptions to UNICAP did exist pre-tax reform, however, now they cover many more businesses. I must admit, [...]