2019 Manufacturing Survey

Thank you for reviewing our 2019 National Manufacturing Outlook and Insights report — if you participated in this survey, thank you for sharing your expertise.

For 2019, manufacturers expressed significant optimism for overcoming hurdles.

Looking ahead, manufacturers expect raw materials, labor costs, lack of available talent, and competition to be significant hurdles in 2019. The tariffs implemented by President Trump provide productivity issues; however, an increase in spending on big data and business intelligence deliver innovative technology for minimizing productivity concerns. We believe the resilience and success our manufacturing clients have created for themselves will help alleviate the major concerns for 2019.

Priorities for 2019 focus on growing sales, improving profitability, and addressing workforce shortage. The challenge of gaining a competitive advantage remains critically important.

We hope these findings provide you with insightful questions to ask and strategic ideas to evaluate these topics, ultimately helping you grow your business and achieve your goals.

Fill out the form below to read the full report.

2019 Manufacturing Survey Cover

IRS Waives Penalty for Some Who Underpaid Their Taxes in 2018

If you didn’t adjust your withholdings or estimated tax payments in 2018 and now owe tax, you could qualify for penalty relief. On January 16, 2019, the Internal Revenue Service announced that it is generally waiving the estimated tax penalty for taxpayers who have paid at least 85% of their total tax liability during the […]

Learn More
Upcoming Changes to Accounting for Lease Arrangements

Upcoming Changes to Accounting for Lease Arrangements

Accounting Standards Codification (ASC) Topic 842 (ASC 842) is the new lease accounting standard that is effective for calendar year-end non-public companies beginning January 1, 2020. Under this new standard, all companies reporting under U.S. GAAP will be required to record all lease arrangements longer than 12 months in duration on their balance sheet – […]

Learn More
Taxable Income too high for 2018? Consider Paying Bonuses to Employees

Taxable Income too high for 2018? Consider Paying Bonuses to Employees

With the passing of the New Year, many tax planning strategies businesses use to reduce their tax liability for the year expire. However, you may be able to accrue and pay employee bonuses for 2018 in 2019 and still deduct them on your 2018 tax return. In certain circumstances, businesses can deduct bonuses employees have […]

Learn More