National Manufacturing Day always falls on the first Friday in October, but this year Rea & Associates is celebrating all month long. We know the specific challenges manufacturers are facing in East Central Ohio. Celebrate National Manufacturing Day with us October 29, 2021 by attending our Manufacturing Education Day event. This event will update clients and prospective clients on changes in the manufacturing industry, and offer access to business resources for the Plain community. Don’t miss out!
For those who can’t wait, Rea & Associates offers plenty of resources to address the unique needs of manufacturers.
Inventory Management Solutions
While some software is not equipped to track huge amounts of inventory, QuickBooks Enterprise for Manufacturing and Wholesale with Advanced Inventory offers all the features of QuickBooks Pro and Premier, plus the ability to store up to 100,000 inventory parts and 100,000 customers, and can be used in multiple locations.
While QuickBooks Enterprise for Manufacturing and Wholesale with Advanced Inventory is user-friendly and comes with guides and tutorials, Rea’s CPAs, bookkeepers, and Certified QuickBooks ProAdvisors are always available to help you set up and implement these programs. Click here to learn more.
Employee Acquisition and Retention
Join Rea & Associates for a free webinar to gain insight on strategic recruitment practices for your company. You’ll receive guides on employee retention, internal recruitment programs, state resources for employers to grow and develop current employees, and more! Click here to sign up.
CMMC And Your Manufacturing Company
The Cybersecurity Maturity Model Certification (CMMC) brings together a standard for implementation of cybersecurity for companies working with or looking to work with the Department of Defense (DoD). Whether you are a primary manufacturer or a subcontractor of products ultimately used as part of a contract with the DoD, you must achieve a level of CMMC to continue to benefit from government contracts.
To maintain existing work and be considered for future projects, join Rea & Associates for a free hour-long webinar on CMMC standards for your manufacturing organization. Click here to register.
Identifying Gaps In Manufacturing Cost Structures
Understanding your true costs is an important tool in identifying major gaps in your business. While breaking down product and labor costs can be intimidating, with the right tools and expertise, examining these costs can actually save you money.
On this episode of Unsuitable Andrew Geiser, a senior manager on Rea & Associates’ manufacturing and distribution team, explains why the “set it and forget it” approach to costs could be harming your business.
How to Take Advantage of R&D Tax Credits
R&D tax credits were developed to give manufacturing companies the freedom and flexibility to move the industry forward. However, business leaders often believe that they need to develop new products or engineer new manufacturing processes in order to qualify for an R&D tax credit. In reality, if your company is attempting to develop or improve and existing manufacturing process, product, or software you may be eligible for federal, state, and non-U.S. R&D tax benefits.
Find out if your company is eligible for R&D credits, and listen to our episode of Unsuitable on the subject here.
By Andrew Geiser, CPA, Senior Manager