Ky Use Tax & Energy Purchases of Manufacturers
Generally, when tangible personal property and digital property is purchased, leased or rented out-of-state for storage, use or consumption in Kentucky, it is subject to Kentucky use tax at the rate of 6%. The 6% tax rate applies to the purchase price of the property. Also, energy purchases are subject to use tax. Full article…
Get IT Right Regardless of Economic Conditions
While some cost-cutting measures may be essential in a weak economy, slashing information technology (IT) budgets and expenditures isn’t the way to stay afloat. Smart manufacturers are creating comprehensive IT strategies that allow transparency in all facets of operations and supply chains. IT can also control costs and improve revenue through quality control and compliance. Smart IT investments can improve processes, from the enterprise and engineering stages all the way to the plant floor and distribution centers. Taking these initiatives can help a manufacturing company stay successful regardless of the economic climate. Full article…
A Risky Proposition
In this fragile economic environment, several companies have been able to take advantage of too-good-to-pass-up deals in which they acquire weaker competitors that have fallen behind. Before jumping into any acquisition, however, it’s important to build a solid integration plan, and to take into account recent Financial Accounting Standards Board guidelines that affect the M&A accounting process. A sidebar to this article forecasts M&A activity. Full article…
Are your Prices Right?
Layoffs, hiring freezes, and pay and budget cuts were the go-to survival tactics during the economic downturn. In the midst of this downsizing frenzy, many manufacturers neglected to reassess their pricing strategy. Doing so can help companies remain profitable and competitive in good times and bad. This article briefly discusses the steps involved. Full article…
