Owner/Shareholder Compensation for Manufacturing Companies
Many small manufacturing companies operate as S corporations in which a shareholder also runs the business, making how they are compensated a critical tax issue. In this article, I will explain how “reasonable compensation” is determined, the risks of misclassification and key factors to consider when building a compliant and tax-efficient compensation strategy.
Roll With the Changes: Manufacturers Are Turning to Rolling Forecasts for Greater Flexibility
Rapid changes in costs, demand and economic conditions are pushing manufacturers to rethink traditional forecasting methods. Rolling forecasts offer a more dynamic alternative to static annual projections. In this article, we explain what rolling forecasts are, how they work and how they can help manufacturers plan with greater confidence.
Manufacturing Has a Skills Gap: Remedy It by Upskilling and Reskilling Your Employees
The manufacturing skills gap continues to widen as technology advances and experienced workers retire. Automation, robotics, and data-driven systems are transforming operations, yet many employees lack the training to keep pace. This article explores how upskilling and reskilling your existing workforce can help bridge the gap and strengthen your organization.
How To Choose the Best Inventory Accounting Method for Your Manufacturing Company
Choosing the right inventory accounting method is a strategic decision with meaningful tax and financial consequences for manufacturers. FIFO and LIFO can produce very different results depending on cost trends, reporting goals, and business structure. This article explores how each method works and what manufacturers should consider before making a change.
Dannible & McKee, LLP is a leading CPA firm that has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. Known for our technical expertise and deep industry experience, we are committed to delivering high-quality service tailored to our clients' needs. Our team of manufacturing specialists understands the complexities of the industry and has extensive experience addressing key financial and operational challenges. We actively support the manufacturing community through our involvement with organizations such as the Manufacturers Association of Central New York (MACNY) and the Central New York Technology Development Organization (CNY TDO). As Upstate New York’s first-ever affiliate of GGI Global Alliance (GGI), we also provide clients with access to a prestigious international network of professional firms.
