July 2021
Featured Article From Our Experts
Audit, Review or Compilation: How Are They Different?
In the accounting world, the terminology used to define the level of assurance your manufacturing company has been provided from a CPA firm as it relates to your financial statements can often be confusing. It is important to understand the various services that a CPA firm offers and the level of confidence in the services they are providing as these reports are often provided to lenders, investors, customers and suppliers. In this article, I will review the three most common types of assurance services; audit, review and compilation.
First-Year Bonus Depreciation and Sec. 179 Expensing: Manufacturers Beware of the Pitfalls
Many manufacturers are eligible for tax write-offs for certain equipment purchases and building improvements. These write-offs can do wonders for a manufacturer’s cash flow, but whether to claim them isn’t always an easy decision. In some cases, there are advantages to the regular depreciation rules. This article reviews why it’s critical to look at the big picture and develop a strategy that aligns with a company’s overall tax-planning objectives.

How to Leverage Digital Transformation in Manufacturing
If there's one thing that's always been true of manufacturing, it's that it marches hand-in-hand with evolving technology. However, given the radical changes that COVID-19 has had in how we work, live and play, the speed of digital transformation has accelerated dramatically. But how do you take advantage of these new opportunities without breaking the bank? In this article, we'll discuss the balance of investment intelligence, strategic planning and cost management you'll need to move your company forward into the fourth Industrial Revolution successfully. 
Now May Be the Right Time to Acquire a Business 
The COVID-19 pandemic has resulted in financial losses for many businesses, including manufacturers. As a result, some owners may be looking for an exit strategy. In this uncertain market, some investors see opportunity. For those who are able, now can be a good time to acquire a distressed business with an eye to turning a profit. This article provides some guidance on this strategy to help avoid potential pitfalls.
About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. The hallmark of our firm is our technical expertise, depth of experience and our approach to delivering quality service to our clients. We understand the unique needs of manufacturers, and our team of manufacturing specialists are well-versed and experienced in manufacturing concerns, and able to address your needs. We are involved in many organizations that serve manufacturers including the Manufacturers Association of Central New York (MACNY) and the Technology Development Organization. We are also Upstate New York’s first-ever affiliate of GGI, the prestigious international organization of professional firms.

To learn more about Dannible & McKee, visit us at: www.dmcpas.com