4Thought Blog


How Lehigh Valley Manufacturers Can Save on Construction and Equipment Purchases

Posted by Andrea Brady on Tue, Mar 7, 2017

While purchasing new equipment – or on a grander scale, a new facility – is generally a positive indicator for a manufacturer, it’s also a costly endeavor.

It requires significant cash reserves, either to buy the equipment in the case of more minor purchases or to secure bank loans for larger purchases.

But those don’t have to be your only two options. For Lehigh Valley manufacturers, there is a wide variety of low-interest loans and tax-exempt financing for construction, renovation and equipment purchases.

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Topics: Manufacturing

Adding to Your Workforce? Check Out These Grants, Tax Credits Available for Job Creation

Posted by Andrea Brady on Thu, Feb 9, 2017

Job creation in itself provides many upsides for manufacturers. It’s usually undertaken when business is booming. It increases productivity and provides more local employment.

But there’s another big upside for job creation available to Lehigh Valley manufacturers – money. The federal, state and local governments all offer funding expressly for job creation in the form of grants and tax credits.

And there are also grants and other funding available to Lehigh Valley manufacturers to train those new employees.

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Topics: Manufacturing

How Manufacturers Can Qualify for the R&D Tax Credit – It’s Easier Than You Think

Posted by Tony Deutsch on Thu, Jan 5, 2017

When you think of research and development, you probably think of men in white lab coats, or sophisticated laboratories where cutting-edge technology is born.

However, the federal government offers a more flexible definition of research and development. The government definition is a process of experimentation to develop new or improved products or processes that are technological in nature.

This means that activities regarded as mundane or routine by many manufacturers may qualify for the federal Research and Development – or R&D – Tax Credit.

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Topics: Manufacturing

Top 10 Tax Tips for Beer Brewers

Posted by Andrew Desiderio and Denise Hozza on Thu, Dec 8, 2016

The craft beer industry is booming. And while consumer demand for craft beer is high, that demand alone probably won’t be enough to make or keep your business successful.

You need to take all the opportunities available to you to save on expenses. And luckily for brewers, there are many tax opportunities you can qualify for.

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Topics: Manufacturing

How Manufacturers Can Strengthen Their Company’s Weakest Link

Posted by Thomson Reuters on Thu, Oct 6, 2016

Let's say your manufacturing company has slashed costs to the bone, boosted productivity and taken market share from competitors. But you still want to see some improvement. It's time to find your weakest link and turn it into a strength.

According to the theory of constraint management, you should look system-wide for that weak link.

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Topics: Manufacturing

Offshoring Relationships: How Manufacturers Can Improve Quality Assurance

Posted by Thomson Reuters on Thu, Sep 29, 2016

In the ever-expanding global economy, nothing about suppliers or distributors can be taken for granted. As illustrated by the numerous high-profile recalls that have occurred, manufacturers outsourcing to foreign countries must maintain quality control in their supply chains.

According to the Consumer Product Safety Commission, many products recalled in the U.S. due to safety concerns were manufactured in either China or other low-wage countries. The recalls involve toys, drywall, toothpaste, pet food, cribs, tires and electric tools.

Unfortunately, the savings from low wages are eroded by the costs involved when something goes wrong.

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Topics: Manufacturing

Pennsylvania Expands and Extends Tax Credits for Businesses

Posted by Harry Pietrouchie on Thu, Sep 15, 2016

Pennsylvania is now offering additional and expanded tax credits to its businesses.

Included in Act 84 of 2016 – signed into law in July – are new and expanded tax credits especially intended to boost business. Noteworthy changes include the creation of a new Job Creation Tax Credit especially for veterans and the permanent extension of the R&D Tax Credit.

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Topics: Business tax planning, Manufacturing

Manufacturers: Are You Receiving All the Tax Deductions to Which You’re Entitled?

Posted by Denise Hozza on Thu, Aug 25, 2016

Are you familiar with cost segregation studies, IC –DISCs, R&D tax credits, accelerated depreciation methods and the Domestic Production Activities Deduction?

If not, then you may have outgrown your tax advisor and are likely not taking advantage of tax deductions available to you. It is obviously costing you money and decreasing your cash flow.

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Topics: Business tax planning, Manufacturing

Pennsylvania Budget Includes Renewed Tax Credit for Brewers

Posted by Andrew Desiderio on Tue, Jul 19, 2016

There’s great news for Pennsylvania’s craft brewers – the new state budget includes a very helpful tax credit especially for them.

The malt beverage tax credit provides an annual $200,000 maximum tax credit for qualifying capital expenditures.

The credit was previously available for 35 years in Pennsylvania, from 1974 through 2008. Pennsylvania’s craft brewers have fought hard since to renew it, which finally happened with last week’s budget approval.

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Topics: Manufacturing

U.S. Manufacturers Should All Be Receiving This Tax Deduction

Posted by Nancy Kahn on Wed, Jun 29, 2016

Made in the U.S.A. is a great mantra, and for many manufacturers it’s an easy one – it makes sense to have your main facility stateside.

Well, did you know you can get a tax deduction just for producing products in the United States? The Domestic Production Activities Deduction allows businesses to take deductions on the production of property you manufacture, produce, grow or extract in whole or in significant part in the United States.

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Topics: Manufacturing

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