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Manufacturing & Distribution News


COVID-19: Colorado State Work-Share Program vs. the Paycheck Protection Program (PPP). Can I Use Both?

In Colorado, a question amongst businesses has recently come up related to the Colorado State Work-Share program and whether that program would nullify the federal Paycheck Protection Program (PPP). A lot of businesses are asking, could a company use both of these programs?


COVID-19: Additional R&D Tax Credit Opportunities for Manufacturers During the COVID-19 Pandemic

Intensive research is underway for the development of a vaccine, rapid testing methods, and other new technologies during the COVID-19 global pandemic.


Focus on Manufacturing & Distribution: Certain Entertainment Expenses May be Fully Deductible

The Tax Cuts and Jobs Act modified the rules relating to the deductibility of entertainment expenses. In general, entertainment expenses are not deductible under 274(a).


Focus on Transportation & Dealerships: Business Interest Limitations and the Transportation Industry

For companies with average revenues over $25 million in the three previous years, the Tax Cuts and Jobs Act (TCJA) had a major impact on the deductibility of business interest expense. Prior to 2018, businesses were allowed to deduct 100% of all interest expense that was incurred.


Focus on Manufacturing & Distribution: The Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act (the Act) was signed by President Trump on December 22, 2017. The following are highlights that are pertinent to manufacturing and distribution companies and owners. As with past tax acts, there are likely to be “technical corrections” passed in future legislation. While technical corrections are often minor, occasionally the changes are material.

10/26/2017 The Biggest Disruptor of All

Over the last decade, regardless of the products you are selling, the internet has certainly revolutionized how you do business and Amazon is a large part of that.


Cyber Security Remains a Significant Challenge for Manufacturers & Distributors

Modern manufacturing continues to evolve providing incredible enhancements to current processes, in turn exposing the underlying technology and the organization to additional risks.


Focus on Manufacturing & Distribution: Takeaways From the AICPA Manufacturing Conference

Partners Jim Mather and Russ White joined several hundred manufacturing industry professionals to gain additional insights and perspectives on the global manufacturing industry. The conference confirmed many of the economic opportunities and challenges that clients are facing today within the local, national and global markets.


Focus on Manufacturing & Distribution: Summits Summary

RubinBrown was the proud sponsor of the Manufacturing & Distribution Summits in St. Louis and Kansas City—August 26 & 27. Manufacturing and Distribution is an important industry to RubinBrown and we were very pleased to have several hundred clients and guests attend the event to hear from a great lineup of speakers. The following is a brief summary of the key points from the event.


Focus on Manufacturing & Distribution: Final Tangible Property Regulations in Relation to Property Tax

The Final Tangible Property Regulations address a broad range of capitalization and deduction issues related to tangible property that will impact almost all industries with tangible property, whether owned or leased, including manufacturing and distribution. Specifically, the new rules may provide state and local tax planning opportunities to the manufacturing and distribution industry.


Focus on Manufacturing & Distribution: Tangible Property Regulations

All taxpayers that have capital expenditures or incur repair and maintenance costs are impacted by the tangible property regulations that were finalized in September of 2013. These regulations provide guidance regarding the capitalization of the costs to acquire, maintain or improve tangible property and are effective for tax years beginning on or after January 1, 2014.


Focus on Manufacturing & Distribution: Unique Opportunities with UNICAP for 2014 Tax Returns

In recent years, the IRS has dramatically stepped-up its examination activity around the Uniform Capitalization of Inventory rules (UNICAP). Most taxpayers in the manufacturing and distribution industries can benefit from a UNICAP review to proactively identify potential UNICAP exposures before the IRS has a chance to do so upon exam.


Focus on Manufacturing & Distribution: Summary of 2012 Taxpayer Relief Act for the Manufacturing & Distribution Industry

On January 1st, 2013 Congress passed the American Taxpayer Relief Act. Below is a summary prepared by RubinBrown's Manufacturing and Distribution Industry Group to highlight many of the implications to the Manufacturing and Distribution Industry.


Focus on Manufacturing & Distribution and Public Companies: SEC Issues Final Rule on Section 1502: Conflict Minerals

The following serves as an update to a previously published E-Focus Newsletter on the same topic in October 2011. Click here to view the previously published article.


Focus on Manufacturing & Distribution: Economic Survey Results

RubinBrown has teamed up with the Missouri Association of Manufacturers to conduct a survey that assesses the manufacturing industry's economic conditions.


Focus on Manufacturing & Distribution: Section 1502 (Conflict Minerals) of the Dodd-Frank Act

The Dodd-Frank Act, formally named the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, focuses on financial regulatory reform. The act was signed into law in July 2010 by President Obama.


UPDATED! Focus on Accounting: Lease Accounting Rules

The Financial Accounting Standards Board (FASB) has published an exposure draft of proposed accounting changes which will require the recognition of assets and liabilities on the balance sheet of entities to reflect lease obligations. The concept of an “operating” lease will be essentially eliminated.


Focus on Manufacturing: Advanced Energy Manufacturing Tax Credits

The “Security in Energy and Manufacturing Act of 2010,” otherwise known as the SEAM Act, was introduced last week in the U.S. Senate. A similar, now companion, bill was introduced in the House in mid-April.


Focus on Manufacturing & Distribution: Making Your Sustainability Initiative Profitable

The Environmental Protection Agency defines “sustainability” as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.” Often, corporate management has viewed green initiatives as expensive propositions that ultimately reduce the profitability of the business.


Focus on Manufacturing & Distribution: Research and Development Tax Credit

As part of the Emergency Stabilization Act of 2008 (Bailout Bill) passed by Congress Oct. 6, 2008, the Research and Development Tax Credit was extended through 2009. The credit was set to expire at the end of 2007, but with this extension, companies will be eligible to claim the credit in the 2008 and 2009 tax years.


Focus on Manufacturing & Distribution: International Tax Traps for the Unwary - Part II

This article is the second installment of a periodic series that addresses common fact patterns involving international business operations that can result in unforeseen, adverse U.S. tax consequences. The topic of this installment is the “thin capitalization” provisions related to interest expense deductions for foreign subsidiaries on loans from their U.S. parent companies.


Focus on Manufacturing & Distribution: First "Lean and Green" Summit

RubinBrown recently attended the first Lean and Green Summit in Boulder, Colorado. Discussions at the Summit were focused on implementing green practices into manufacturing and distribution businesses. The primary message of the Summit was to improve environmental sustainability while growing the bottom line.


Focus on Manufacturing & Distribution: International Tax Traps for the Unwary

This article is the first in a series that will address common fact patterns involving international business operations that can result in unforeseen, adverse U.S. tax consequences. We welcome Richard Shapland, Partner, International Tax Services, of Virchow Krause & Company, LLP as a guest author in this series.


Focus on Manufacturing & Distribution: Transfer Pricing - A Double-Edged Sword

For federal income tax purposes, related party transactions with foreign entities must be at arms length. Many states have adopted these federal principles. Most foreign countries also have specific transfer pricing rules. The theory of transfer pricing looks at the relative profit and cost recognized by two related parties.


Focus on Manufacturing & Distribution: Missouri Enacts Manufacturing Inputs Exemption

On June 13, 2007, Governor Matt Blunt signed into law Senate Bill 30 (SB 30), which became effective on August 28, 2007. SB 30 modifies several provisions of Missouri’s sales and use tax laws.


Focus on Manufacturing & Distribution: 199 Production Activities Deduction New Rules

At this time, many of us have filed our 2005 tax returns reflecting the first year of the Production Activities Deduction. Legislative changes as well as additional regulations issued by Treasury have provided interesting guidance on the Production Activities Deduction. This e-focus article includes a description of some of these changes for manufacturers.