Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — decreased by 8.3 points in May to 63.8. Even with the decrease, the reading is still significantly above 50 - the benchmark for expansion. New orders and production reverted to more moderate paces, while employment remained consistent with additional job creation.
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Topics: manufacturing, manufacturing activity, PMI, Uncategorized
Earlier this year, the Financial Accounting Standards Board issued an update that will significantly change the way in which lessees and lessors account for leases. The change, which takes effect in 2020, will require businesses to recognize lease assets and liabilities on the balance sheet and to disclose key information about leasing arrangements.
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Topics: buy vs. lease, equipment, manufacturing, Uncategorized
We’re at the onset of the next big industrial revolution—and the widespread adoption of new technologies, including Internet-connected devices, machine learning and robotics in the manufacturing industry. Strides in automation have significantly boosted U.S. manufacturers’ output in recent years, and the industry is just beginning to understand and exploit the full potential of technology and disruptive supply chain models to reinvent manufacturing as we know it. [[{"type":"media","view_mode":"media_large","fid":"2516","attributes":{"alt":"","class":"media-image","height":"223","style":"float: right; margin: 10px;","typeof":"foaf:Image","width":"335"}}]]
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Topics: artificial intelligence, manufacturing, Uncategorized
One of the biggest hurdles to embracing technological change—including the IoT and beyond—is figuring out how to pay for it: 31 percent of surveyed manufacturers rank budget and resources as their biggest challenges to applying IoT capabilities.
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Topics: R&D tax credits, manufacturing, Tax, Uncategorized
Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — decreased minimally by 0.3 points in April to 72.1. National and southeast PMIs slid several points.
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Topics: manufacturing, manufacturing activity, PMI, Uncategorized
Doing business in Georgia comes with a perk or two, especially for manufacturers. Manufacturing companies can operate in the state at a lower cost than other states, make leaps in innovation and secure (many) business incentives. [[{"type":"media","view_mode":"media_large","fid":"2781","attributes":{"alt":"","class":"media-image","height":"320","style":"float: right; margin: 10px;","typeof":"foaf:Image","width":"480"}}]]
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Topics: Atlanta manufacturing CPA, Georgia Manufacturing, manufacturing, Uncategorized
Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — increased significantly for the second straight month, rising by 9.3 points in March to 72.4. The national PMI slips marginally but is still consistent with industrial expansion.
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Topics: PMI report, manufacturing, manufacturing activity, Uncategorized
The "border adjustment" tax proposal that is intended to boost exports over imports has several major U.S. corporations up in arms, which has put members of Congress under intense pressure from key corporate constituencies.
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Topics: Border Tax, Import Tariffs, International Tax, manufacturing, Tax, Uncategorized
Last year, over 6,000 manufacturers claimed more than an estimated $10 billion in research tax credits (RTCs), with each manufacturer’s average benefit exceeding $1 million. Generated in part by manufacturers’ efforts to develop new and improved products and processes, these benefits were also generated by their continued investment to develop or improve software to manage or automate production processes and business intelligence, among other things.
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Topics: manufacturers, manufacturing, software development, Tax, Uncategorized
Georgia’s Purchasing Managers Index (PMI) — a reading of economic activity in the state’s manufacturing sector — increased by 11.1 points in February to 63.1, with significant gains in new orders and production. National and regional PMIs also rise, indicating industrial expansion.
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Topics: Georgia, manufacturing, manufacturing activity, PMI, Uncategorized