August 2025

Zachary C. Firestone, CPA,

Tax Senior Accountant 

Featured Article From Our Experts

Transfer Pricing in Manufacturing: Tax Compliance Across Borders 

If your manufacturing company operates through two or more entities and is expanding into multiple states or overseas, you need to become familiar with transfer pricing. Transfer pricing refers to pricing arrangements for goods or services exchanged between related companies in different jurisdictions. This article explains the key IRS regulations, outlines common methods for setting transfer prices, and highlights best practices to help manufacturers protect against costly penalties and audits. 

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Major Tax Law Changes Manufacturers Need To Know About

The One Big Beautiful Bill Act (OBBBA) delivers significant tax relief for manufacturers, making 100% bonus depreciation permanent, doubling the Section 179 expensing limit, and introducing a new deduction for qualified production property. It also restores immediate deductions for domestic research expenses and makes the Qualified Business Income (QBI) deduction permanent. In this article, we will get you up to speed on these and other tax-related breaks and incentives under the OBBBA that can be most beneficial to your manufacturing company.

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Synthetic Food Dye Bans in the U.S.: What This Could Mean for Food Manufacturers

In 2025, the FDA announced a ban on synthetic food dyes, beginning with Red No. 3, due to cancer concerns. The ban will be implemented gradually, with full compliance required by 2027. Food manufacturers using these dyes must start planning now. This article discusses the implications for manufacturers, including the need for R&D investment, compliance strategies and potential financial incentives to offset costs during the transition.

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Digital Twins Are Transforming the Manufacturing Industry

Digital twin technology is revolutionizing the manufacturing industry, from enhancing factory design and streamlining operations to informing strategic decision-making. Can your manufacturing company benefit from digital twin technology? Read on to see if this technology is right for your manufacturing business. 

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About Dannible & McKee, LLP

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.

Learn more about Dannible & McKee at: www.dmcpas.com.

Proud to be ranked #1 CPA firm in the CNY Business Journal’s Book of Lists!