Cherry Bekaert: Industrial Manufacturing

Hidden Tax Savings: How Cost Segregation Powers Industrial Manufacturing Growth Cost segregation continues to present an opportunity for industrial manufacturers to unlock meaningful tax savings, particularly as recent legislation enhances the ability to accelerate depreciation and expense facility investments. With expanded incentives such as 100% bonus depreciation and new provisions like Qualif...

Tariffs continue to create uncertainty for industrial manufacturers as court rulings, trade investigations and refund developments reshape the global trade environment. Recent changes related to the International Emergency Economic Powers Act (IEEPA) tariffs, refund eligibility and enforcement activity have left many manufacturers questioning how these developments impact their tax position, finan...

In the final episode of the Working Capital Optimization series, hosts Mike Piotrowski and Corey York explain how cash management acts as a strategic lens for CFOs. They explain how the cash conversion cycle (triple C) reveals where cash is trapped in a business and can help unlock significant liquidity without raising equity, taking on debt or cutting headcount. Through practical examples, benchm...

In this episode of the Industrial Manufacturing and Consumer Goods podcast, host Corey York, along with finance transformation specialist Mike Piotrowski, explores accounts payable (AP) optimization, a critical yet often overlooked driver of working capital and business health.  They discuss why AP is more than just paying bills, as well as the risks of inefficient processes and practical strategi...

In this episode of the Industrial Manufacturing and Consumer Goods Podcast, Mike Piotrowski and Corey York explore accounts receivable (AR) optimization, a critical component for improving cash flow and overall business health. Together they discuss why AR is more than just collecting payments, how to identify red flags and practical strategies to unlock trapped cash without damaging customer rela...

In this episode of the Industrial Manufacturing and Consumer Goods Podcast, Mike Piotrowski and Corey York dive deep into inventory optimization — one of the most powerful, yet often overlooked, levers in working capital management. They explore why inventory sits at the intersection of finance, operations and customer service, and how optimizing it can free up cash, reduce costs and improve custo...

In this episode of the Industrial Manufacturing and Consumer Goods Podcast, Michael Piotrowski and Corey York dive into the fundamentals of working capital optimization and its critical role in business health and agility.  They discuss how optimizing working capital enables companies to meet obligations and seize growth opportunities. This episode also covers an overview of the essential componen...

The Internal Revenue Service (IRS) released Notice 2023-38 , which provides more details around domestic content requirements for taxpayers who qualify for bonus energy credit incentives. The additional tax credits are associated with investments in and the production of clean energy under Sections 45, 45Y, 48 and 48E. Dependent on the facilities and equipment used to make clean energy, the domest...

The conversation continues with Matt Brady , Cherry Bekaert’s Industrial Industry Leader, and Ron Wainwright , Strategic Tax Partner in our Tax Credits and Incentives Advisory group, as they unpack how to capitalize on industrial energy credits. Tune in for the fifth installment of Cherry Bekaert’s Deeper Dive Into New Ways to Monetize Energy Credits for the Industrial Industry regarding industry...

As we wrap up the CHIPS Act Series, we briefly cover the Inflation Reduction Act of 2022 (IRA) and credits associated with CHIPS and IRA and their many impacts on the manufacturing industry. The focus of the discussion centers on a high-level view of the New Advanced Manufacturing Credit, Section 45X – the Advanced Manufacturing Production Credit, which take effect in 2023 and will provide a tax c...

Part III: Digital Solutions for Recession Preparedness  While manufacturers continue to battle inflation, increased interest rates, workforce shortages and supply chain challenges, it is becoming increasingly evident that leaders must also review their strategic and financial plans to ensure they are prepared for this recession risk. Join Joe Haehner , Industrial Manufacturing Partner, in this pod...

Part II: Identify and Implement Technology and Business Process Improvements While manufacturers continue to battle inflation, increased interest rates, workforce shortages and supply chain challenges, it is becoming increasingly evident that leaders must also review their strategic and financial plans to ensure they are prepared for this recession risk. Join Joe Haehner , Industrial Manufacturing...

Join Matt Brady , our Industrial Industry Leader, and Ron Wainwright , a Strategic Tax Partner in our Tax Credits and Incentives Advisory group, for the third installment of Cherry Bekaert’s Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act podcast series.  In this podcast, our knowledgeable team take a closer look at the American Manufacturing Credit and Manufacturing Production C...

Matt Brady , our Industrial Industry Leader, and Ron Wainwright , a Strategic Tax Partner in our Tax Credits and Incentives Advisory group, are continuing their conversation on the benefits of the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act for the industrial industry. This podcast will be highlighting the various funding programs that are now established and available for ma...

The Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act was recently signed into law as part of the CHIPS and Science Act of 2022. The bill provides manufactures greater incentives to produce semiconductors (e.g., chips) domestically in the U.S.  Join Matt Brady , our Industrial Industry Leader, and Ron Wainwright , a Strategic Tax Partner in our Tax Credits and Incentives Advisory g...

Part I: Industry Economic Outlook   Over half of manufacturing leaders say inflationary pressures are making a recession more likely within the next year, according to a survey released in June by the National Association of Manufacturers. According to the survey report, “while a recession is not inevitable—and we continue to forecast growth for 2022 and 2023—the risk of a downturn has increased s...

Numerous middle-market organizations need a Chief Information Officer (CIO), but they don’t know where to start. Some companies have started seeking out fractional, or interim CIOs to assist their organizations in times of need. Fractional CIOs can help organizations with business processes, systems, infrastructure, and more. In our most recent podcast, Steve Holliday, Director at Cherry Bekaert,...

In this industrial manufacturing podcast, we are diving into the complexities of the Infrastructure Investment and Jobs Act (“IIJA”) and specifically how every Infrastructure program will impact the industrial manufacturing industry. Ron Wainwright , a Partner in our Tax Credits & Incentives Advisory practice is joined by Nita Sanger , a Director in our Digital Advisory practice, to dissect th...

Join Cherry Bekaert’s Industrial Manufacturing industry for our latest podcast series, “Building a Competitive Recovery,” where we discuss the challenges of this COVID-recovery landscape and provide strategies to position your manufacturing business for future success.     In Part III of our series, Matt Brady , Partner & Industrial Practice Leader, talks with Jeffrey Bengtson , Principal &amp...

Join Cherry Bekaert’s Industrial Manufacturing industry for our latest podcast series, “Building a Competitive Recovery,” where we discuss the challenges of this COVID-recovery landscape and provide strategies to position your manufacturing business for future success.    In Part IV of our series, Matt Brady , Partner & Industrial Practice Leader, talks with Peter Byford , Director, Tax Advant...

Join Cherry Bekaert’s Industrial Manufacturing industry for our latest podcast series, “Building a Competitive Recovery,” where we discuss the challenges of this COVID-recovery landscape and provide strategies to position your manufacturing business for future success.     In Part V of our series, Matt Brady , Partner & Industrial Practice Leader, talks with Ron Wainwright , Partner & Cred...

Join Cherry Bekaert’s Industrial Manufacturing industry for our latest podcast series, “Building a Competitive Recovery,” where we discuss the challenges of this COVID-recovery landscape and provide strategies to position your manufacturing business for future success.     In Part II of our series, Matt Brady , Partner & Industrial Practice Leader, talks with Brian Dill , Principal & Inter...

Join Cherry Bekaert’s Industrial Manufacturing industry for our latest podcast series, “Building a Competitive Recovery,” where we discuss the challenges of this COVID-recovery landscape and provide strategies to position your manufacturing business for future success.   In Part I of our series, Matt Brady , Partner & Industrial Practice Leader, talks with Joe Haehner , Director, Assurance Ser...