Posted By: Michael S. on March 10, 2016 in Manufacturer Focus
Acuity Insurance’s manufacturing specialist, Mike S., brings you up to speed on an important topic for tax season, research and development tax credits that are available to manufacturers. This tax credit is for manufacturers that perform research and development. It was recently made permanent and was expanded to companies with less than $50 million in revenue. This research and development tax credit isn’t just a tax deduction, but is a full dollar to dollar tax credit on the taxes owed.
Posted By: Michael S. on February 22, 2016 in Manufacturer Focus
The economic downturn that started back in 2008 generated a great deal of uncertainty for all areas of business, but particularly manufacturing. As things started to improve, uncertainty caused many manufacturers to approach hiring cautiously. Many companies decided to use temporary staffing instead of hiring full-time employees. This helped manufacturers protect themselves during the uncertain market.
Posted By: Michael S. on January 28, 2016 in Manufacturer Focus
A Quality Control Plan (QCP) is a critical and important document for any manufacturing business. A QCP provides a documented, high-level description of methods used to minimize process and product variation and also outlines what a company does to monitor, correct, and improve on quality issues. A QCP sets the direction on what a company is doing to ensure products meet customer specifications and to monitor quality, as well as addressing deviations and failures.

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