Category: Manufacturing

At Boyum Barenscheer, we specialize in providing comprehensive transaction advisory services to help businesses and their partners navigate complex financial landscapes. Our team of experienced professionals is dedicated to delivering tailored solutions that drive value and ...

It is year-end planning season and we want to provide some tax planning ideas to manufacturers. Some of these ideas could apply right away and some are good to know to consider in the future. Here is a list of tax planning ideas that could apply to manufacturers....

Missed our engaging webinar on AI in the manufacturing sector? The recording is now available! We were thrilled to host Tory Bjorklund from Victoria Fide Consulting, a digital transformation expert, who shared insights on the common challenges manufacturers face when impleme...

Join us for an engaging webinar on AI in the manufacturing sector. We are excited to bring in Tory Bjorklund from Victoria Fide Consulting, a digital transformation expert who will address the common challenges manufacturers face when implementing AI solutions. Tory will sha...

For manufacturers, effective inventory management goes beyond balancing stock levels; it also involves leveraging tax rules that can impact the bottom line. Let’s explore key factors affecting inventory accounting for large and small manufacturing businesses....

The Tax Cuts and Jobs Act (TCJA) included a significant — but delayed — change to the tax treatment of research and experimentation (R&E) expenses under Internal Revenue Code (IRC) Section 174. To the surprise of many experts, Congress failed to act before the change too...

When operating across state lines, it’s critical for manufacturers to understand their multistate tax liability. To determine state tax liability, state governments consider whether a company has “nexus” in their respective states, meaning that its presence in them is ...

Your choice of accounting method for determining the value of your manufacturing company’s inventory can significantly impact your overall tax bill. Here are answers to some key questions regarding the tax and financial implications of the two most common methods: first-in...

SECURE 2.0 introduced over 90 provisions to modernize retirement plans and many of the optional provisions can be utilized to support the unique needs of a manufacturing and distribution workforce. We’ll review a few of these provisions and include considerations for your ...

Are your manufacturing company’s sales up over recent years, causing you to reach maximum capacity? One solution is to expand your operational footprint. But doing so requires large cash outlays, and you may feel some uncertainty about the economy and be hesitant to make s...

The Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act — signed into law in 2022 — provides generous tax incentives to increase domestic production of semiconductors, also known as chips. More specifically, the CHIPS Act created a temporary Adv...