Manufacturers and distributors have had some tough times recently, but not everything about the downturn has been negative. Many companies are leaner and meaner than ever, and some are even sitting on some hard-earned cash.
For those companies, this may be the right time to acquire another company or product line to expand the business. The Fall 2010 issue of our Manufacturing and Distribution newsletter discusses the issue in greater depth.
Other articles in this issue include:
- Year-End Tax Planning Tips: We explored these ideas in a recent webinar and previous e-blasts and blog posts. There is still time to act on them, and many of them can save you substantial dollars. Please contact us to review and take advantage of the tax-planning opportunities.
- The Benefits of an Audit: While some business owners try to simply meet the minimum financial statement requirements for their lenders or investors, an audit offers many benefits.
- Take Advantage of the Section 179 Deduction: Businesses can deduct up to $250,000 in business equipment, machinery, vehicles and other assets in 2010. This has been a boon to businesses but probably will be substantially diminished in 2011.
The Manufacturing and Distribution newsletter is produced quarterly.