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Manufacturing

Should Your Company Be Taking Advantage of the IC-DISC Federal Export Tax?

Should Your Company Be Taking Advantage of the IC-DISC Federal Export Tax?

The Interest Charge Domestic International Sales Corporation (IC-DISC) offers eligible manufacturers and distributors that export U.S. products significant Federal income tax savings, which can come in handy given the current economic environment. In fact, an IC-DISC is treated as a federally exempt entity. No federal corporate tax applies. Could it
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Is Your Training Strategy Preparing Employees & Your Company for Future Success?

Is Your Training Strategy Preparing Employees & Your Company for Future Success?

Did you ever think your organization would be competing with Silicon Valley, startups, and major tech companies for talent? As Industry 4.0 (or is it 5.0, now?), AI, robotics, the Internet of Things, smart manufacturing, and more move full steam ahead, ensure your training strategy keeps pace and helps your
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Family Matters: Mind Your Business with Succession Planning

Family Matters: Mind Your Business with Succession Planning

Handing over the reins to a family business should be a source of pride, accomplishment, and peace of mind; unfortunately for many, it results in family strife, erodes wealth, and leads to business collapse. So, how do you protect your family and a business you – and maybe even a
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Business Continuity: What’s in Your Plan?

Business Continuity: What’s in Your Plan?

The world is changing faster than ever. Is your business continuity plan keeping pace? Between the COVID pandemic and ensuing shutdowns, supply chain debacles, the labor shortage, gas price hikes, increased cyber threats, the war in Ukraine, catastrophic weather events, and now, uncertainties surrounding the economic environment, the last three
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Tips to Prepare for a Workers’ Compensation Audit

Tips to Prepare for a Workers’ Compensation Audit

The best time to prepare for a Workers’ Compensation audit is at the start of a new policy year. Setting up all processes and recordkeeping properly and keeping them updated throughout the year can help ensure you’ll be ready for an audit and help protect your company from penalties for
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How New York Modifiers for Workers’ Comp Rates Are Changing October 1

How New York Modifiers for Workers’ Comp Rates Are Changing October 1

Like many states, New York has used the National Council on Compensation Insurance (NCCI) to determine the experience modifier (Mod) for calculating Workers’ Compensation (WC) premiums. After careful evaluation, the New York Compensation Insurance Rating Board (NYCIRB) decided to create its own rating plan and to withdraw from the NCCI
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What’s Next for Inventory Management in Manufacturing?

What’s Next for Inventory Management in Manufacturing?

Just as supply chain issues start to ease and manufacturers think they have inventory management under control, talks of an economic downturn pick up speed. At least for the time being, manufacturers will continue walking an inventory management tightrope. Earlier this month, The Empire State Manufacturing Index showed a big
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Get a Tax Credit for Hiring Targeted Workers

Get a Tax Credit for Hiring Targeted Workers

If your organization is struggling to find talent – a common position given the Great Resignation of 2020/2021 and a continuously tight labor pool, you may want to tap into groups that have traditionally faced significant barriers to employment. While helping you address staffing challenges and boost workforce diversity, it
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Merger Announcement

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