Manufacturing

Manufacturing

At MBK, we don’t just understand American innovation, production and precision manufacturing, we wholeheartedly believe in it and support it.

Making It In America

The shift to a global economy has been felt most acutely by American manufacturing companies. Increased competition, escalating regulatory and economic demands, free-trade pressure, outsourcing and product liability issues and other concerns are constantly adding to the complexity of operating a manufacturing business. At the same time, manufacturing remains the backbone of the American economy. Partnering with an accounting firm that understands your industry can help you keep up with changes, reduce costs, operate more efficiently, and stay focused on meeting customer demands and staying competitive in ever-changing business conditions.

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Manufacturing Professional Services

Audits, reviews and compilations

Employee benefit plan audits

State, local and federal taxation

International/multi-national taxation

Cost segregation studies

Research and development credits

Internal controls testing and evaluation

Inventory management and controls

Inventory capitalization rules

Process improvement and cost analysis

Cost management analysis

Cash flow analysis

Mergers and acquisitions

Capital financing

Succession and ownership transition planning

Work With Our

Experienced Manufacturing

Accounting Team

Submit any inquiry or request for proposal (RFP) below.

Manufacturing Accounting Insights

Bad Debt Deductions

By Sarah Rose Stack • 15 Apr, 2024
The tax code allows an individual to claim a deduction for business debts that have become worthless. But qualifying for the deduction may be more complicated than one would think. In a recent case, the IRS denied more than $17 million in bad debt deductions on the grounds that the advances in question represented equity rather than debt, hitting the taxpayer with millions of dollars in taxes and penalties. This article recounts the U.S. Tax Court case Allen v. Commissioner. Allen v. Commissioner (T.C. Memo 2023-86).

Deducting Business Travel Expenses: A Refresher

By Sarah Rose Stack • 01 Apr, 2024
During the COVID-19 pandemic, business travel nearly came to a halt. Today, it’s on the rebound, as “Zoom-fatigued” executives craving face-to-face interaction hit the road again. With more people getting out of their offices, now is a good time for a refresher on the tax deductibility of business travel expenses. This article explores what’s considered one’s tax home and what expenses are deductible. A sidebar explains the deductibility rules when a business trip is mixed with pleasure.

Making Distinctions May Create Tax Savings for Owners of Rental Real Estate

By Sarah Rose Stack • 01 Apr, 2024
The 20% qualified business income (QBI) deduction is available for income from an eligible trade or business, but it isn’t available if that same property is classified as an investment. This article points out that it’s worth considering whether an owned rental property meets the definition of a trade or business under IRS requirements. It also explains that determining whether rental real estate activities qualify for the QBI deduction is a complicated undertaking and is likely to require the services of a tax professional.
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Real People. Real Stories. Real Results.

"They are outstanding "business partners" -- offer excellent advice and guidance to complicated questions. They are always flexible and available to even answer the most mundane questions that we need advice on."

Sean C. | Governors America Corp. – GAC Mgmt Co.

MBK has provided excellent guidance, advice and tax preparation for 30 years as our business has grown from one small manufacturing operation to one with facilities in 4 states. Whether it is tax return preparation, R&D tax credits, acquisitions, corporate structure, or an audit we have always been well served with Kris and the Meyers Brothers Kalicka team in our corner.

Steve G. | The Toner Group

Manufacturing Accounting Firm Industry Leaders
Rudy M. D'Agostino CPA

Rudy M. D'Agostino

CPA

Kristi A. Reale CPA, CVA

Kristi A.Reale

CPA, CVA

Kristina Drzal Houghton CPA, MST

Kristina Drzal Houghton

CPA, MST

James T. Krupienski CPA

James T. Krupienski

CPA

Howard L. Cheney CPA, MST

Anthony Gabinetti

CPA,

Howard L. Cheney CPA, MST

Howard L. Cheney

CPA, MST

Howard L. Cheney CPA, MST

Matthew Nash

CPA

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