How Manufacturing Companies Can Lower Taxes Using These 5 Incentives

Описание: Manufacturing companies have access to powerful tax incentives—but many leave significant savings on the table. In this video, we break down five key tax credits and deductions that can help manufacturers lower their tax liability and improve cash flow.

You’ll learn how manufacturers can take advantage of:
1. R&D Tax Credits for new or improved products and processes, including federal and state opportunities
2. Wisconsin Manufacturing Tax Credit, which can reduce the effective state tax rate on qualifying income to as low as 0.4%
3. Work Opportunity Tax Credit (WOTC) for hiring individuals from targeted groups
4. Section 179 Expensing and 100% Bonus Depreciation for eligible equipment, software, and facility improvements placed in service
5. Qualified Business Income (QBI / Section 199A) Deduction, allowing up to a 20% deduction on qualifying income

When combined with multi-state nexus, sales tax, and use tax strategies, these incentives can play a major role in an effective annual tax plan.

Whether you’re a manufacturer, CFO, or business owner, understanding these incentives—and working with a CPA who specializes in manufacturing—can lead to substantial tax savings.

(Disclaimer: Tax laws are complex and subject to change. Always consult with a qualified tax professional to determine how these incentives apply to your specific situation.)

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00:00 Intro
00:18 1. R&D Tax Credits
00:45 2. Wisconsin Manufacturing Tax Credit
01:13 3. Work Opportunity Tax Credit (WOTC)
01:34 4. Section 179 & Bonus Depreciation
01:57 5. Qualified Business Income (QBI) Deduction
02:34 Outro