Manufacturing Minute

Brown Edwards · becpas.com

Join us monthly for Manufacturing Minute, the essential podcast for finance professionals navigating the unique challenges of the manufacturing industry. In 15-30 minute episodes, we break down the financial strategies and industry trends that matter most to those managing the money behind production, providing practical insights you can apply immediately.

10 episodes

11d ago latest

monthly cadence

English language

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Episodes 10

Business Interruption Insurance for Manufacturers: What CFOs Need to Know
11d ago · 21:36
On this episode of The Manufacturing Minute, host Megan Meador (Audit & Assurance Partner and Manufacturing & Distribution Practice Leader at Brown Edwards) sits down with John Pendleton, Vice President and Property & Casualty insurance expert at Scott Insurance, to unpack business interruption coverage for manufacturers. John explains what triggers business interruption claims — from fires and tornadoes to cyberattacks and ransomware — and breaks down the three main things this coverage can subsidize: lost net income, payroll, and extra expenses. He walks through how manufacturers should calc
Cash Flow Is King: Navigating State and Local Tax in Manufacturing
1mo ago · 24:09
In this episode of the Manufacturing Minute, host Megan Meador sits down with Rich Hedley, state and local tax leader at Brown Edwards, to unpack why SALT matters so much for manufacturers' cash flow and operations. Rich breaks down Nexus, both physical and economic, explaining how everything from out-of-state inventory to a one-day trade show appearance can create filing obligations. The conversation covers what to do once Nexus is established, how apportionment works, and the special single sales factor opportunity available to certain Virginia manufacturers. Megan and Rich also dig into com
Is Your Business Actually Ready to Sell? The Audit Truth Buyers Don't Tell You | Exit Teams Podcast
2mo ago · 38:46
Most business owners think they're ready to sell — until the buyer's due diligence team starts asking questions. In this episode of the Manufacturing Minute Podcast, Megan Meador, Partner at Brown Edwards and leader of the firm's manufacturing and distribution audit practice, pulls back the curtain on what sophisticated buyers and private equity groups are really looking for when they examine your financials. Drawing on a conversation originally featured on the Exit Teams Podcast with host Bob Tankesley, Megan covers the red flags that make buyers walk away, the difference between a financial
Retirement Plan Compliance: What Manufacturing Employers Need to Know
3mo ago · 14:33
In this episode of Manufacturing Minute, I’m joined by my colleagues Melissa Stanley, Josh Morrison, and Brittany Quinn as we delve into the crucial topic of retirement plan compliance for manufacturing companies. We explore the intricacies of 401(k) plans, the importance of fiduciary responsibilities, and the key compliance requirements that employers must navigate. Our discussion highlights common pitfalls, such as late employee deferral deposits and the complexities of auto-enrollment, while offering best practices for maintaining effective retirement plans. Whether you're a CFO, HR leader,
Business Valuations 101: What Manufacturing Owners Need to Know
4mo ago · 26:22
In this episode of Manufacturing Minute, I’m joined by Vince Centofanti, a director at Brown Edwards specializing in business valuation. We dive deep into the intricacies of business valuation, discussing its importance for manufacturing and distribution companies. Vince shares insights on the three main approaches to valuation: income, asset, and market approaches, and explains how these methods help business owners understand their company's worth, especially in the context of transitioning ownership or planning for future tax liabilities. Whether you're considering selling your business or
Unlocking Tennessee Tax Credits: How Manufacturers Can Save Thousands Through Job Creation and Equipment Investment
5mo ago · 16:02
In this episode of Manufacturing Minute, I’m joined by Bryan Wages from the Specialty Tax Group to explore how manufacturers in Tennessee can leverage state tax credits to significantly reduce their tax liabilities. We delve into the Tennessee Job Tax Credit, discussing the requirements for job creation and capital investments that can lead to substantial savings. Bryan explains the importance of preapproval and outlines the application process, ensuring that companies understand how to qualify. We also touch on similar programs in neighboring states, highlighting the opportunities available f
Unlocking Tax Savings: How Cost Segregation Studies Benefit Manufacturing Businesses
6mo ago · 23:43
In this episode of Manufacturing Minute, I dive into the world of cost segregation studies and their significant benefits for manufacturing businesses. Joined by John Haning of the Specialty Tax Group, we explore how these studies can accelerate tax deductions, ultimately improving cash flow for manufacturers. John shares insights on identifying suitable properties, the study process, and the essential documentation required for implementation. We discuss real-world applications, including success stories that illustrate the potential savings. Tune in to discover how proactive tax planning and
How Manufacturers Can Reclaim Thousands Through R&D Tax Credits
7mo ago · 25:23
In this episode of Manufacturing Minute, host Megan Meador welcomes Nick Janda from the Specialty Tax Group to discuss how manufacturers can reclaim significant funds through R&D tax credits. They explore what qualifies as R&D, the benefits of these credits, and how businesses can navigate the application process. Nick explains the potential financial impact, revealing that companies can expect to recover 8 to 12 cents on every qualified dollar spent on R&D activities. The conversation highlights the importance of documentation and proactive planning to ensure compliance and maximize benefits.
Section 174 Tax Relief: What Manufacturers Need to Know About the R&D Capitalization Fix
8mo ago · 17:10
In this episode of Manufacturing Minute, I, Megan Meador, dive into the significant changes surrounding Section 174 tax relief and what manufacturers need to know about the recent R&D capitalization fix. Joined by Nick Janda from the Specialty Tax Group, we explore the history and implications of these rules, which have posed challenges for companies engaged in R&D. We discuss the transition from mandatory capitalization to the restoration of full R&D expensing starting in 2025, highlighting the opportunities for manufacturers to reclaim unamortized costs and optimize tax savings. Tune in to u
AI in Finance: From Hype to Real Business Value
9mo ago · 26:27
In this inaugural episode of Manufacturing Minute, I, Megan Meador, am thrilled to welcome Randy Loman from Lake Turn Automation. Together, we dive into the transformative role of AI in finance, moving beyond the hype to uncover its real business value. Randy shares insights from his extensive experience in operations and IT, highlighting how AI can close productivity gaps in finance teams, enabling them to focus on higher-value tasks. We discuss the evolution of AI, its practical applications in areas like invoicing and expense management, and the critical need for finance leaders to navigate

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Business Interruption Insurance for Manufacturers: What CFOs Need to Know

Cash Flow Is King: Navigating State and Local Tax in Manufacturing

Is Your Business Actually Ready to Sell? The Audit Truth Buyers Don't Tell You | Exit Teams Podcast

Retirement Plan Compliance: What Manufacturing Employers Need to Know

Business Valuations 101: What Manufacturing Owners Need to Know

Unlocking Tennessee Tax Credits: How Manufacturers Can Save Thousands Through Job Creation and Equipment Investment

Unlocking Tax Savings: How Cost Segregation Studies Benefit Manufacturing Businesses

How Manufacturers Can Reclaim Thousands Through R&D Tax Credits

Section 174 Tax Relief: What Manufacturers Need to Know About the R&D Capitalization Fix

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Podcast 森辺一樹のグローバル・マーケティング〜すべてはアジアで売るために〜