October 2025

John F. Martin,  

CPA/PFS, CFP®

Tax Partner 

Featured Article From Our Experts

IRS Provides Much Needed Guidance for Research and Development Relief Under the OBBBA

On August 28, 2025, the IRS released Revenue Procedure 2025-28, outlining procedures for making elections and changing accounting methods for domestic research and development (R&D) expenses under the One Big Beautiful Bill Act (OBBBA). In this article, I review the guidance which is particularly significant for small businesses that meet the average gross receipts test under §448(c) and offers immediate planning opportunities for all taxpayers with R&D expenditures.

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Larger QBI Deductions Will Soon Be Available To Many Manufacturers

If you own a pass-through manufacturing company, the One Big Beautiful Bill Act of 2025 could bring substantial tax advantages this season and beyond. This article breaks down how the new changes to the Qualified Business Income (QBI) deduction can boost your bottom line, and what steps to take to maximize the benefit. 

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Implementing a Cross-Training Program Creates a More Productive and Flexible Workforce

Struggling with labor shortages? Cross-training could be your secret weapon. By teaching employees to perform multiple roles, manufacturers can boost productivity, improve quality and strengthen retention. This article explores how a well-designed cross-training program can build a stronger, more adaptable workforce, positioning your company for long-term growth and success. 

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Manufacturers Don’t Turn a Blind Eye to Occupational Fraud

Organizations lose 5% of their revenue to fraud every year, according to the Association of Certified Fraud Examiners (ACFE), and manufacturing is among the hardest hit industries. Occupational fraud, from billing schemes to corruption, can severely impact profits, operations and trust. This article highlights why preventing employee fraud should be a top priority for every manufacturing organization and underscores the risks of turning a blind eye.  

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Register Now for Our Free Webinar

Don’t let tax or financial red flags derail your business. This must-attend webinar for manufacturers will help you identify common pitfalls in tax filings and financial statements, and show you how to address them to enhance decision-making and safeguard your bottom line. Register today to stay one step ahead!

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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!