Update 3/25/25: On March 21st, FinCEN issued interim guidance for US business owners regarding BOI filing requirements. This guidance removed...
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Business
02/03/2025
Accounting for Excess Capacity
In manufacturing, efficiency is everything. But what happens when production slows, and excess capacity emerges? For manufacturers, optimal capacity is...
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Business
01/24/2025
Fundamentals of IC-DISC
What is an IC-DISC? An IC-DISC, or Interest Charge Domestic International Sales Corporation, provides extensive Federal income tax savings for...
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Business
11/15/2024
Retirement Plan Audit vs. Retirement Plan Checkup
The Department of Labor (DOL) requires that retirement plans (401K, 403b, ESOP plans etc.) with 100 or more participants with...
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Business
11/15/2024
A Manufacturer’s Guide to the R&D Tax Credit
The Research and Development Credit (R&D) can be a very beneficial tax credit for manufacturers and a wide range of...
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Business
11/14/2024
IRS TIN Matching Service Can Save You Time & Money
The IRS requires payors who remit payments to vendors (ex. self-employed contractors) to obtain a name and tax ID number...
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Business
11/14/2024
IRS Implements Changes to Increase Accuracy of 1099 Filings
For years the IRS focused on the accuracy of W-2s in reporting income. Employers were required to have an employee...
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Business
11/01/2024
Case Study: Wisconsin Manufacturer Recovers $180K in Missed Tax Credits
By leveraging industry-specific tax knowledge, Wegner CPAs guided a Wisconsin-based manufacturer to reclaim over $180,000 in tax refunds through the...
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Business
10/14/2024
4 Reasons You’re Not Reaching the Right Candidates
Are you trying to hire, but continue to get either unqualified or irrelevant resumes? It’s so frustrating, and it’s easy...
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Business
09/05/2024
Implementing Robotics and Automation in Manufacturing
With the U.S. Bureau of Labor Statistics projecting a 6% decline in employment for assemblers and fabricators from 2022 to...
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Business
08/22/2024
Voluntary Disclosure Program: IRS Provides Last Chance to Payback Improper ERC claims filed for 2021
On August 15, 2024, in Announcement 2024-212, the IRS provided a limited re-opening of the second round of a Voluntary...
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Business
08/08/2024
What is the “New Normal” for Manufacturers? Post-Pandemic Shifts in Manufacturing
The COVID-19 pandemic fundamentally altered consumer behavior and continues to impact the manufacturing landscape. But what is this new normal?...
