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Sales tax industry of the month: Manufacturers

TaxConnex

When it comes to sales tax, “manufacturing” is often defined as a physical application of materials and labor to change the characteristics of tangible personal property (TPP). Every state has nuances on how sales tax applies to the manufacturing process, equipment and materials. First is the definition of the industry itself.

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Preventing Ransomware Attacks on Manufacturers

RogerRossmeisl

If it seems like cybercriminals often target manufacturing (including food processing) and distribution companies, that’s because they do. According to software company Varonis, manufacturers account for nearly a quarter of all ransomware attacks — more than any other industry. meat supply and even hurting commodity prices.

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MANUFACTURING SECTOR CHALLENGES

Menzies

TECHNOLOGY Manufacturers need to utilise the latest technology to stay relevant, innovative and competitive. particularly the Internet of Things (IoT) and the IIoT (Industrial Internet of Things), opens doors for manufacturers to create a more digital focus, including real time tracking and quality management. Embracing Industry 4.0,

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Manufacturers Optimistic on Growth

CPA Practice

As concerns about a potential recession are subsiding in early 2024 and the economy continues to experience better-than-expected growth, manufacturers’ optimism of business prospects over the next six months has increased, according to a new industry report. Now is an ideal time for executives to prioritize growth initiatives.

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Path to Becoming a CFO

Speaker: Rodrigo Brumana, CFO at Poshmark, and Jeff Epstein, Veteran Tech CFO

We’ll ask him about serving in FP&A and divisional CFO roles in publicly traded companies, and how exposure to eCommerce, internet, digital media, software, services, manufacturing, and investment banking has shaped his approach to his role. We’ll hear about his experience as a public CFO and as CFO of a VC-backed unicorn.

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3 Sales tax pitfalls facing manufacturers and wholesalers

TaxConnex

Many manufacturers, wholesalers, and distributors believe they have minimal sales tax obligations due to the likelihood of  sales tax-exempt transactions. Businesses don’t always fit into a “box” as being only a manufacturer, or only a distributor. Many times, a manufacturer is also a distributor.

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Legal Protections for Franchise Dealers Against Direct Manufacturer Sales

RogerRossmeisl

The post Legal Protections for Franchise Dealers Against Direct Manufacturer Sales appeared first on Roger Rossmeisl, CPA. With OEMs implying that it is their wish to implement a direct-to-consumer sales model in some form or another, Bellavia states that franchise dealers are wondering if action.