Inventory management goes beyond simple tracking; it’s about optimizing costs and maximizing resource efficiency. For manufacturers, recognizing the hidden costs…
Illinois Sales and Use Tax on Leased Tangible Personal Property
The Illinois Sales and Use Tax on leased tangible personal property, effective January 1, 2025, introduces new requirements for lessors…
263A: Navigating Simplified Methods and UNICAP Compliance
What is UNICAP? This is a continuation of my last article What is UNICAP? Section 263A Explained. 263A (also…
Dissecting the Skilled Labor Shortages Facing the Manufacturing Industry
Overview As a pivotal part of the global economy, the manufacturing industry is essential for fostering innovation, job creation, and…
What is UNICAP? Section 263A Explained
What is UNICAP? UNICAP is an IRS tax treatment rule. It is also considered an IRS accounting method, but…
Part IV: Defining Standard Cost Variances in a Work Order Environment
INVENTORY CONTROL: The Standard Cost Inventory Valuation System Series In Certain Standard Cost Systems, Variances May be Summarized by Work…
