Manufacturing
2019
|
10.01
AAFCPAs Releases 2019-2020 Tax Planning Guide for Businesses & Individuals
As we approach the second tax filing season under the monumental Tax Cuts & Jobs Act (TCJA), we now have a clearer and broader view of what the future holds for businesses, individuals, tax exempt and government entities. This view includes insight into opportunities and pitfalls to consider for 2019-2020. Download AAFCPAs’ 2019-2020 Tax Planning Guide for […]
2019
|
08.22
Manufacturing Matching Grant Program Application Due Oct 4, 2019
The Commonwealth of Massachusetts has again appropriated funding for New England Business Association’s Manufacturing Matching Grant Program. The program provides targeted grants to manufacturing companies for the expressed purpose of providing high-powered private consulting expertise to small and medium-sized Massachusetts-based manufacturers undergoing a business transition. New England Business Association is now accepting applications for the […]
2018
|
11.07
FASB Issues ASU 2018-17: Targeted Improvements to Related Party Guidance for Variable Interest Entities
AAFCPAs would like to make clients aware that the Financial Accounting Standards Board (FASB) on October 31, 2018, issued an Accounting Standards Update (ASU) that reduces the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs). A VIE is an organization in which consolidation is not based on a majority […]
2018
|
09.06
Grants Available to MA Manufacturers to Achieve Stability and Revenue Growth
Massachusetts offers several grant programs to support growth and innovation in the manufacturing sector in the state. AAFCPAs has outlined, for your convenience, three programs designed to support stability and revenue growth, innovation, workforce training, and capital investments. Manufacturing Matching Grant Program New England Business Association is now accepting applications for the 2018-2019 Manufacturing Matching […]
2018
|
02.01
Congress Passes Another Two-Year Suspension of the Medical Device Excise Tax
AAFCPAs would like to make clients aware that the Medical Device Excise Tax (“MDET”) has once again been suspended for 2018 and 2019, retroactive to January 1, 2018. MDET is a 2.3% tax on medical devices, enacted effective January 1, 2013. The tax applied to manufacturers and importers of certain medical devices, as defined by […]
2018
|
01.05
AAFCPAs Advises Clients to Prepare for the Return of the Medical Device Tax
AAFCPAs would like to make clients aware that, effective January 1, 2018 the “moratorium” on medical device excise taxation expired, which affects many companies in the life-sciences, including those focused on bio-medical, pharmaceutical, or manufacturing & distribution. As you may recall, the Obama administration enacted the “Protecting Americans From Tax Hikes Act of 2015” (“PATH […]
2017
|
10.18
AAFCPAs Shares Valuable Tax Insights in 2017 Year-End Corporate and Individual Tax Planning Webinar
AAFCPAs presented this webinar on Tuesday, November 14th from 12-1pm in a live, 1-hour corporate and individual tax planning session. As you are aware, there is potential for dramatic changes in Federal and State tax law on the horizon which, more than ever, requires a multi-year approach to tax planning. AAFCPAs’ Richard Weiner, CPA, MST, Bella Amigud, […]
2017
|
07.27
Why Manufacturers May Need to Change their Management Style
ChiefExecutive | Some experts, including AAFCPAs’ Jack Finning, say the future successes and competitive advantages of manufacturers will hinge on how they manage their incoming talent…
2017
|
07.12
The Massive Retiree Wave Demands Manufacturers Embrace Planning
Industry Week | AAFCPAs’ partner Jack Finning offers guidance for company owners preparing for a sale or transfer of leadership. “They must be able to clearly and effectively communicate with the next generation about how to best steer the organization through these choppy waters.”
2017
|
06.21
Accelerate Deductions and Reduce Tax Liability with Tangible Property Regulations and R&D Tax Credits
It is a little-known fact to most accountants that businesses leave money on the table by 1) paying taxes before they have to, and 2) by not identifying deductions in a timely manner that may be accelerated. At AAFCPAs, we regularly identify opportunities for clients that may yield new avenues for them to qualify for deductions […]