Jim Biehl

Jim Biehl

Shareholder, Manufacturing & Distribution

Leading the firm’s manufacturing & distribution group, Jim has built a reputation for providing strategic tax, accounting and operational support to owners.

What is your area of focus?

I manage the firm’s Manufacturing & Distribution practice as well as a portfolio of closely-held businesses where I provide guidance on the tax, finance, operational and accounting issues that impact a clients’ bottom line. I am focused on utilizing user-friendly communication tools and a hands-on client service approach. My goal is to help business owners navigate the strategic discussions needed to maximize profit and growth.

How long have you been at Clayton & McKervey?

Over 25 years

What is the favorite part about your job?

I enjoy providing my clients with strategic solutions that generate tax savings, solve operational issues or merely provide “peace of mind”.

Specializations

  • Closely-held corporate tax strategies
  • State and Local Tax (SALT)
  • Succession planning
  • Estate plan assessment and estate liquidity calculations
  • Asset protection strategies
  • Cost segregation studies

Education

  • Master of Science in Taxation, Walsh College
  • Bachelor of Science in Accounting, Central Michigan University

Connections

  • Michigan Manufacturers Association
  • Michigan Association of Certified Public Accountants
  • American Institute of Certified Public Accountants
  • PrimeGlobal

Articles by Jim Biehl

Manufacturers: Hunt Down Year-End Tax Savings

Brisk weather and the upcoming holidays may signal the end of 2022, but many opportunities still exist to capture immediate and future savings for manufacturers and distributors. Use the same energy and drive that was present throughout the year to take swift, decisive action now to identify and implement tax savings that can impact your bottom line.  

by Jim Biehl

Are You Effectively Managing Your Inventory?

In today’s competitive manufacturing and distribution market, business owners are taking a fresh look at inventory management practices.

by Jim Biehl

6 Ways to Overcome M&D Supply Chain Obstacles

When we talk about the manufacturing and distribution supply chain, we mean raw materials and finished goods that travel back and forth for thousands of miles before arriving at their final stop. These trips include a complex mix of trucks, trains, container ships and storage facilities plus countless touches by humans and computers. Here are some supply chain obstacles you might be facing and what you can do to overcome them.

by Jim Biehl

Michigan Manufacturers: Talent Funding on the Way

In talking with manufacturers, we know that talent is a top issue. If you’re a manufacturer in Michigan seeking assistance with talent retention, you don’t want to miss out on applying for the Going PRO Talent Fund. This fund is designed to help employers with training, developing and retaining employees.

by Jim Biehl

Are You Ready for the Bonus Depreciation Withdrawal?

America’s bonus depreciation addiction is scheduled to end. It may not be “cold turkey” but all businesses need to review the pending changes and related tax and cash flow impacts, especially considering a potential business slow down and/or recession.  

by Jim Biehl

Manufacturers: Secure Capital for Expansion

The MEDC is launching two new programs to give Michigan manufacturers access to capital through local banks. Learn how these programs can help with your growth efforts.

by Jim Biehl

What to Know About the CHIPS Act

On August 9, 2022, President Biden signed the CHIPS and Science Act of 2022 into law, providing more than $52 billion for American semiconductor research, development, and production. The CHIPS Act will provide funding over five years to build, expand or modernize domestic facilities and equipment for semiconductor fabrication, assembly, testing, advanced packing or research and development. 

by Jim Biehl

Women & Manufacturing: 3 Success Strategies

Competition for talent is heating up as job growth edges the country closer to full employment. Adding to conventional market pressures, fallout from the coronavirus pandemic is raising crucial questions about the future of work. Employers are having to rethink their assumptions about how to attract and retain an engaged workforce. 

by Jim Biehl

Avoiding Common Transaction Mistakes

Most M&A deals go through a number of steps involving a team of accountants, lawyers, and potential buyers analyzing the business through careful assessment of everything from financial records to contracts to intellectual property. Even if your manufacturing business isn't for sale yet, it's critical to understand the M&A process and plan now to avoid common transaction mistakes.

by Ben Smith

by Jim Biehl

New Regulations for Crypto Brokers

Will the infrastructure bill affect personal tax reporting requirements? It could. The information reporting provisions included in the infrastructure bill contain language regarding regulations and tax requirements for cryptocurrency brokers, which is causing a stir among investors and crypto advocates.

by Jim Biehl

Emerging Tech for Manufacturing: Reduce Risks with Cybersecurity

For many manufacturers, there’s nothing worse than realizing your security has been breached. Whether it is ransomware, spyware, phishing, or an unintended data breach, manufacturing’s growing dependence on technology also leaves it vulnerable to technology-based attacks.

by Jim Biehl

Emerging Tech for Manufacturing: Building Blocks of Blockchain

Along with the health and safety of its people, there may not be anything more important to a manufacturer than the security of its information. For many companies, blockchain ledger is required to create an audit trail for all transactions within a supply chain.

by Jim Biehl

by Elly Mioduszewski

The Sound of Automation Podcast

Industrial automation businesses are the driving force behind Industry 4.0, and Clayton & McKervey is here to help.

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