HBK Blog

Thank you to SAMA Business Partner HBK CPAs for providing this informative information for manufacturers:  
RSS HBK News/Blog for Manufacturers
  • Webinar: Tax Planning for Manufacturers
    Highlights from the November 16, 2022, HBK Manufacturing Solutions webinar hosted by James Dascenzo, CPA, Principal, National Director of HBK Manufacturing Solutions; Nicholas Demetrios, CPA, MBA, Principal, HBK Tax Advisory Group; and Amy Reynallt, MBA, Senior Manager, Regional Director of HBK Manufacturing Solutions The webinar is broadcast in November to give manufacturers time to react […]
  • Labor Shortages in the Manufacturing Sector
    The challenges that many industries have been experiencing since 2020 are nothing new to the manufacturing industry. With baby boomers exiting the industry and Generation Z and Millennials not considering skilled manufacturing jobs, the industry has been and will continue to face labor shortages. Management must start thinking differently to mitigate this looming threat to […]
  • Last-Mile Delivery Challenges: Attracting and Retaining Drivers
    Manufacturers either rely on their own fleets or on transportation companies to deliver their goods to customers. The delivery process can be complex, often with stops or delays along the way. Last-mile delivery, which refers to the last step of the delivery process, when an item is moved from a transportation hub to its destination, […]
  • Ohio TechCred Reopens: Reimbursement for Employee Training Costs
    A new round of TechCred funding is now available to Ohio manufacturers. TechCred funding, which provides reimbursement for employee training costs, reopens for applications on November 1. Manufacturers can apply for the funding until November 30 at 3:00 p.m. What is TechCred? Ohio’s TechCred program was created in 2019 and funded by House Bill 2 […]
  • Celebrating Manufacturing Day
    On the first Friday of each October, Manufacturing Day is celebrated. Formed by The Manufacturing Institute in partnership with the Fabricators & Manufacturers Association, the day celebrates the exciting job opportunities the industry can offer, especially due to the industry’s modernization and innovation. While many think of manufacturing as dirty, loud, and highly laborious, the […]
  • CPI Continues to Increase; How do Manufacturers React?
    The CPI, or Consumer Price Index, measures the change in prices of consumer goods and services. The index is released monthly by the Bureau of Labor Statistics for the United States, although data specific to certain geographic areas is also available. In August 2022, the CPI increased 0.1% due largely to heightened food and energy […]
  • Webinar: Four Critical Considerations When Selling Your Business
    Highlights from the September 21, 2022, webinar by Jim Dascenzo, CPA, Principal, HBK Manufacturing Solutions, and Keith Veres, CPA, CGMA, CEPA, Principal, Director of HBK Corporate Finance Two separate topics: Review of recent White House executive orders: one to kick-start CHIPS and Science Act and another to advance domestic biotechnology. Executive order on CHIPS & […]
  • New Jersey Sales Tax and Sign Vendors
    New Jersey passed legislation that changes the sales tax rules for sign fabricators and vendors. The new law, effective October 1, 2022, allows sign fabricators and installers to purchase signs and materials exempt as sales for resale. In addition, the law will require that the vendor bill the customer sales tax on the sale of […]
  • Ohio TechCred Accepts Applications in September
    Ohio manufacturers have another opportunity this September to apply for funds to be used to improve employees’ skills. Ohio’s Tech Cred program will accept applications for its 16th round of funding starting September 1 and continuing until 3:00 p.m. on September 30. Frequently asked questions regarding the program include: What is TechCred? TechCred is a […]
  • Webinar: Updates on Legislation Affecting Manufacturers
    Highlights from the August 17, 2022, webinar hosted by James Dascenzo, CPA, Principal, and National Director of HBK Manufacturing Solutions, and Nicholas Demetrious, CPA, MBA, Principal, HBK Tax Advisory Group The events of recent years relative to the pandemic have heightened the need to increase chip production in the U.S. U.S. share is currently 12 […]