May 2026

Kaitlyn L. Mariano, CPA Tax Partner

Featured Article From Our Experts

Additional Guidance Regarding the Special Depreciation Allowance for Manufacturers

The One Big Beautiful Bill Act (OBBBA) introduced a new special depreciation allowance that allows eligible manufacturers to deduct up to 100% of the cost of qualified production property used in U.S.-based production activities. Businesses must carefully evaluate if their property meets the standards for qualified production activity and comply with election and recapture rules. In this article, I will explain how the new depreciation allowance works and key considerations for manufacturers looking to maximize this tax incentive.

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Reviewing Business Structures for Your Manufacturing Company

Whether you’re launching a new manufacturing business or evaluating the structure of an existing one, choosing the right business entity can have significant tax and liability implications. From LLCs and S corporations to C corporations, each structure offers distinct advantages and considerations related to taxation, owner liability, and future growth opportunities. Here, we explore options to help you determine which structure could best align with their operational and financial goals.

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How Auditors Evaluate Key Person Risks in Business

Key person risks can threaten business stability when operations or relationships rely too heavily on one individual. Auditors assess these risks by evaluating leadership structure, specialized expertise, and succession planning. This article will explain how businesses can identify key person risks and strengthen long-term continuity and resilience.

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Are Employee Mobile Phones Creating Hidden Tax and Security Risks?

Employee mobile phones can create hidden security, tax and productivity risks for businesses if not properly managed. Companies that issue work phones or reimburse employees for personal device use should consider cybersecurity protections, IRS reimbursement rules and written usage policies. Here, the key tax and security considerations businesses should address when developing or updating a mobile phone policy will be explained.

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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.