Manufacturing companies have been most affected by the recent recession and increased competition resulting from the expanding global economy.
It is more important than ever for companies to operate efficiently by controlling costs, managing inventory, and to make wise decisions that mitigate the tax impact of their operations. We provide many services that will assist you in addressing these important issues, including overhead allocation, cost analysis, FIFO and LIFO inventory analysis, and tax planning services.
Looking for an experienced firm that understands the issues and challenges faced by manufacturing companies and their shareholders? If so, then contact us today! For additional information on our manufacturing industry experience, please contact Hanson & Co. at (303) 388-1010, or click here to contact us.
The latest from Hanson & Co.
Since the start of the pandemic, the IRS has faced significant struggles attempting to process individual, and certain federal business tax returns.
Dedicated employees who commit to working hard to complete a project, meet increased production demands and drive innovation should be rewarded. In addition to their base compensation, other benefits such as retirement plans, health, dental and year-end bonuses are often given. The Department of Labor (DOL) recently issued, Final Rule – Overtime Update, which will impact Denver area employers.
The Tax Cuts and Jobs Act of 2017 (tax reform) ushered significant changes to the tax code to make it easier to navigate and less complex. Since the close of the 2018 tax season, many Denver businesses have been looking more closely at these modifications to see how to enhance their savings.