Category: Manufacturing

Improving Your Profitability and Operations through Foreign Trade Zones

A foreign trade zone, or FTZ, is a secure area designated by the government, generally in or near ports of entry, under U.S. Customs & Border Protection (CBP), but considered outside CBP territory. Normally when goods enter the U.S., the goods will go through CBP procedures and the company importing these goods pays duties at […]

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2015 Manufacturing & Logistics Summary

The 2015 Manufacturing and Logistics reports, produced by the Center for Business and Economic Indiana Research at Ball State University (CBER) and Conexus Indiana, were released earlier this year.  This included a national report, an Indiana report and a companion study, The Myth and the Reality of Manufacturing in America. The reports look at specific […]

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Standard Costs Explained

Pop Quiz: Your electricity bill for your home arrives stating that you owe the power company $150 for the past month’s usage. Is this a reasonable bill? Clearly, the answer is – it depends. You might compare this bill to a previous bill to determine if it is reasonable, or you might just rely on […]

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Our Manufacturing & Distribution Clients Report 13% Average Profit Increase

by Marie Jett, CPA and Anita Sherman, CPA | Team Members of the Manufacturing & Distribution Services Group Our M&D Services Team recently summarized some financial data from about 20 of our largest manufacturing & distribution clients. Our manufacturing clients’ sales increased by an average of 9%, ranging from a 14% decrease to a 25% […]

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Right to Work – 2 Sides to Every Coin

by Anita Sherman, CPA and John Fisk | Team Members of the Manufacturing & Distribution Services Group There has been a lot of discussion recently about this proposed legislation. If you have an opinion, now is the time to share it with your senator and representative. In an article entitled “Indiana: Where We’ve Been and […]

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Can Your Company Survive a Product Recall?

by Rex Miller, CPA | Partner, Team Member of the Manufacturing & Distribution Services Group The steady flow of headlines about recalls should be a warning to manufacturers large and small, in every industry. Recalls — and particularly the mishandling of them — can cost manufacturers millions of dollars. These are dollars most companies can […]

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Post-Recession Action Plan

by BJ Lippert, CPA and Rex Miller, CPA, Partner | Team Members of the Manufacturing & Distribution Services Group The economy is rebounding. Certain industries have realized greater resurgence than others. Certain companies have experienced better results within a specific industry than others. The general consensus, however, is that most business owners and employees can […]

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Phantom Stock Plans Offer Incentives in Tough Economic Times

BJ Lippert, CPA and Rex Miller, CPA | Team Members of the Manufacturing & Distribution Services Group Current economic indicators show that the United States is emerging from the recession. Can you feel it? Has your company rebounded and returned to its pre-recession sales and profitability levels? Do you have stores of excess cash and […]

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What is the Section 199 Deduction?

by Melissa Merrick | Rex Miller, CPA Team Members of the Manufacturing & Distribution Services Group The Section 199 deduction (also referred to as the domestic manufacturing deduction, U.S. production activities deduction, and domestic production deduction) is a tax break for businesses that perform domestic manufacturing and certain other production activities. It was established by […]

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What a Private Manufacturer Should Know about SOX

by Rex Miller, CPA | Partner, Team Member of Manufacturing and Distribution Services If you think the Sarbanes-Oxley Act (SOX) doesn’t apply to your closely held manufacturing company, think again. Granted, you’re not required by law to comply with SOX provisions — only publicly traded companies are held to its corporate governance and financial reporting […]

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