Check out our articles for manufacturing companies below. Like what you see? Get timely updates about these topics and more delivered straight to your inbox by signing up for our monthly email newsletter.
(authored by RSM US LLP) Digital transformation is critical for modern manufacturing operations and the factory of the future.
Understanding new Section 174 rules is essential for business owners to prevent costly surprises and preserve cash flow.
The cost of goods sold can account for 70% of a company’s expenses, according to recent discussions by the FASB’s Investor Advisory Committee. However, some companies skimp on details around the costs they incur to produce goods. The FASB’s disaggregation of income statement project could change that.
Every business can be an innovator. The research tax credit is a way to reward that innovation, and it comes with an intriguing feature related to payroll taxes.
Depending on the nature of your company’s operations, your balance sheet may include inventory totals. Here’s why your inventory system might be flawed and giving you the wrong numbers.
Businesses and nonprofit groups are gradually adjusting to requirements of the new lease accounting standard, such as bringing most leases onto the balance sheet. Since ASC 842 can seem confusing, here’s a quick guide to ease the adjustment period.
Being fully prepared and organized can help your financial statement audit go smoothly and ultimately save your business or organization time, money, and headaches.
Diversity, equity, and inclusion are buzzwords in modern strategic management. Here are some of the benefits that initiatives in these areas bring to public and private companies and how companies can showcase their progress in footnote disclosures and separate diversity, equity, and inclusion reports.
During the COVID-19 pandemic, many audit procedures have been performed remotely, forcing auditors to rely more heavily on analytical procedures. It’s important to understand how auditors use analytical procedures to make audits more efficient and effective.
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“We have been working with KraftCPAs for 15 years. Our manufacturing business is complex, and they have taken the time to understand our processes, and are able to leverage their overall technical knowledge and experience with other clients to provide insights and advice on how we can improve. We certainly view KraftCPAs as a valuable business partner.”
Mike McKee, McKee Foods Corporation
