Summer | 2019
Why Wait to Deduct Your Purchases?
Turbocharge Tax Deductions with Bonus Depreciation and Sec. 179    
The Tax Cuts and Jobs Act (TCJA) creates many saving opportunities for business owners. This article compares and contrasts two especially lucrative breaks for capital-intensive manufacturers: the expanded first-year bonus depreciation deduction and the first-year Section 179 deduction. These breaks provide accelerated deductions for qualifying purchases of property, plant and equipment.

Keeping a Lid on Unemployment Taxes 

Salaries, bonuses and payroll taxes are major expenses for manufacturers; so, unemployment insurance can represent a significant cost of doing business. This article explains the unemployment insurance system and factors that affect a company’s state unemployment tax rate, as well as highlighting proactive measures that management can take to help lower this cost.

Four Signs That Your Budget is Unreliable

The annual budget can be a valuable management tool for manufacturers. A comprehensive, realistic budget helps minimize risks and identify opportunities and threats. But some budgets are more reliable than others. This article identifies potential pitfalls in the budgeting process.    

QOE Reports Look Beyond the Numbers
In mergers and acquisitions, a quality of earnings (QOE) report can be beneficial to both buyers and sellers. This article explains how QOE reports differ from audits, what affects earnings’ quality and why the QOE report is a valuable tool for evaluating the accuracy and sustainability of reported earnings.

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