As companies plan for 2021, driver-based analysis will be vital for proactive decision-making and managing a shifting business environment. Manufacturers commonly monitor business activities through key performance indicators (KPIs) that boil down financial and production outputs into meaningful operational insights. As you enter an accelerated recovery mode, your management teams should take inventory of your current processes to unlock data-driven decision-making on a day-to-day basis across your business.
Read More
Topics:
IRS,
Business Interest Expense,
COVID19,
manufacturing,
distribution,
recovery,
china,
Manufacturers & Distributors
As companies plan for 2021, driver-based analysis will be vital for proactive decision-making and managing a shifting business environment. Manufacturers commonly monitor business activities through key performance indicators (KPIs) that boil down financial and production outputs into meaningful operational insights. As you enter an accelerated recovery mode, your management teams should take inventory of your current processes to unlock data-driven decision-making on a day-to-day basis across your business.
Read More
Topics:
IRS,
tax relief,
Business Interest Expense,
COVID19,
manufacturing,
distribution,
recovery,
KPIs
Businesses that hold inventory for sale to customers are in for a bit of good news. Late last month, the IRS released final regulations on the business interest expense limitation, and eased up on proposed guidelines that would have curtailed larger deductions for business interest expense by businesses that capitalize certain expenses under Section 263A’s Uniform Capitalization rules (UNICAP).
Read More
Topics:
IRS,
tax relief,
Business Interest Expense,
COVID19,
manufacturing,
distribution,
Uniform Capitalization rules,
UNICAP
Manufacturers and distributors were among the first sectors to feel the impact of the COVID-19 pandemic. Supply chains took an immediate hit as travel restrictions and distancing guidelines went into place across the globe. Organizations may continue to feel the effects during the recovery phase as social distancing guidelines augment typical production environments and suppliers respond to the financial repercussions of the pandemic’s disruption.
Read More
Topics:
tax relief,
COVID19,
Coronavirus,
supply chain,
manufacturing,
distribution
