Manufacturing Outlook Record High in 2019
The optimistic outlook for manufacturing companies in Kentucky, Ohio, Indiana and across the United States has reached a record high. It appears that many of the changes ushered in through tax reform combined with pro-growth policies enacted by the current administration are allowing manufacturing companies to seize new opportunities in
Changing Gears: Beaulieu Predicts Slowed Growth in 2019
Dr. Alan Beaulieu, nationally recognized economist from Institute for Trend Research (ITR) Economics, presented his economic forecast on November 7th, 2018 at the 19th Annual Manufacturing Seminar, presented by Barnes Dennig, Huntington Bank and DBL Law. Beaulieu is a principal, as well as the
Steel and Aluminum Tariffs Affect Downstream Manufacturers, Too
The steel and aluminum tariffs initiated by the Trump administration are making an impact further downstream than one might think. In other words, the tariffs are not just affecting those who do the importing. On March 8, 2018, President Trump imposed a 25% tax on imported steel and a 10%
Unlock Key Benchmarking Data in Your Financial Statement
Many manufacturing companies are looking for new ways to reduce costs and enhance profitability. For some this means upgrading equipment or streamlining processes while others focus on new customer acquisition, existing client satisfaction, technology upgrades and expanding staff skills. While each company has their individual challenges, there are also industry-wide
What Do the Steel and Aluminum Tariffs Mean to Manufacturing?
Production and jobs are on the line after the tariffs on steel and aluminum were announced by President Trump earlier this year. In the short term, the American Steel and Aluminum manufacturers are benefiting as the price for steel has rose upwards of 60%, but ultimately the increased demand has
Tax Strategies for Manufacturers and Distributors
On February 13, 2018, Highlights of the tax reform were presented by members of the Barnes Dennig Tax team to local manufacturing and distribution business leaders. With over 1,000 pages of tax reform issued to date and additional guidance continuing to be released, it is an exciting time in the