Archive for the ‘Manufacturing’ Category

Wednesday 02/10/2021

Tax Credits Available for Manufacturing Businesses: Are You Taking Advantage?

Tax planning isn’t something that just comes around at the end of each year. To ensure your company is taking advantage of all available opportunities to lower your tax responsibility, consider the following as you plan for 2021: Research and Development Tax Credit While any qualifying activity must pass the four-part test (permitted purpose, technical […]

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Thursday 03/14/2019

What to Consider BEFORE Choosing an Inventory Management System

Akta Parikh is a Senior Associate at Corrigan Krause. A manufacturing company’s inventory includes goods in various stages of production; from raw materials to finished goods, assembled and ready to ship to customers. Due to the complexity and frequency of manufacturing processes, a management system can provide benefits for the organization, assembly and production of […]

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Thursday 02/28/2019

The Importance of Vendor Relationships for Manufacturers

Sal Caroniti, CPA is the Chief Operating Officer at Corrigan Krause. A vendor provides goods and services that are critical to your business. Regardless of the size or function of your organization, vendors can save your company money and time as well as decrease any unforeseen complications that may arise. As vendors are an essential […]

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Thursday 01/17/2019

Unique Challenges Manufacturers Have and Combating Those Challenges

Sal Caroniti is the Chief Operating Officer at Corrigan Krause. Regardless of the specific industry within the manufacturing sector, today’s companies face a variety of challenges ranging from employment issues, international competition and margin compression due to pressures placed on them from their customers. With the national and State of Ohio unemployment rates being 3.9% […]

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Thursday 12/27/2018

Manufacturing Costs: Is the price of the product right?

Akta Parikh, CPA, CA is a senior associate at Corrigan Krause.  The most important decision after deciding when, where and what to sell, is at what price. It is common for manufactures to achieve strong top-line sales and still have a loss or less than desirable profits. Today we will focus on product costing aspect. […]

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