Nonprofit Blog

According to Don Sabbarese, Professor of Economics at Kennesaw State University," The good news is the Georgia PMI remains above 50, the benchmark for growth, and 4.3 points above the National PMI of 48.2. The discouraging news is the December Georgia PMI of 52.5 fell 2.5 points and remains at an anemic level of growth."

If you own a profitable business that is exporting items that are at least 50 percent manufactured, produced, grown or extracted in the U.S., you could be eligible for significant tax savings. All your business has to do is create a separate entity — the IC-DISC

According to Don Sabbarese, Professor of Economics at Kennesaw State University," The November PMI reading of 55 suggests Georgia manufacturing is growing even though its new orders and production components dropped. Employment's improvement was a positive sign for the longer run. Given these mixed signals the near future is less clear."

In our November article, “A Cost Study's Impact to a Manufacturer's Bottom Line,” we addressed the importance of correcting costing problems that can lead to margin slippage. In this blog, our manufacturing team takes a closer look at the three areas in which you can make changes to help alleviate margin slippage in your manufacturing operation: finance, operations and your costing system. 

Cybersecurity challenges are becoming more prevalent and complex for manufacturers as consumers embrace and demand advanced technologies. The costs associated with data breaches are also rising, with an average cost increase of more than 23 percent since 2013, according to the latest research by Ponemon Institute.

Performing a cost study can be very beneficial to a manufacturer's bottom line. Costing is an essential process that allows a company to carefully track how money is being spent over the course of production and distribution. In fact, every owner of a manufacturing business should be able to answer the following questions:

According to Don Sabbarese, Professor of Economics at Kennesaw State University, "New orders in 2015 have slipped since the first quarter. Production, employment and capital spending have not shown a similar pattern, which poses the question of whether a weakness in new orders will lead to a weaker trend for the other components. Other economic data including the Georgia and National PMIs suggest that might be possible." The Georgia International Business Index (GIBI) Report is underwritten by the Manufacturing and Distribution Group of Smith & Howard, a top Atlanta accounting firm, and is produced quarterly by the Econometric Center at Kennesaw State University. 

Deductibility of a repair expenditure is based on a taxpayers facts and circumstances.  Below is a series of questions to ask to finally arrive at the answer of deductibility. The following questions can help in making the determination. However, the following questions are not all inclusive and an answer to one question may lead to another question to ensure clarification and understanding of the facts and circumstances.