Industrial Automation | Michigan International Tax Accountant

Data Analytics 101: How to Get Started

Posted by Clayton & McKervey on July 21, 2021

Clayton & McKervey

Listen to this episode of The Sound of Automation podcast to learn about the importance of data analytics and data-based decision making. Discover what trends to look at and how to track against your business goals.

Win the Talent Game with the Right Company Culture

Posted by Tim Finerty on July 15, 2021

Attracting and retaining top talent in an increasingly competitive, post-COVID hiring market has become a hot topic for business leaders in many sectors, including those who specialize in industrial automation. Learn how company culture can have a positive impact.

Talent 101: Culture Counts

Posted by Clayton & McKervey on June 25, 2021

Culture is the first step in attracting and retaining top talent. Watch this video to learn about the importance of culture and discover ways to rekindle your company's culture in a post-pandemic, remote world.

Automation Report with CSIA

Posted by Clayton & McKervey on June 16, 2021

In this episode of The Sound of Automation podcast, CSIA CEO Jose Rivera shares ways for business owners to increase efficiency, save costs, and stay competitive.

Efficiency and Lower Costs: Is Industrial Automation the Solution?

Posted by Bryan Powrozek on June 16, 2021

Companies not only gain value through a workforce made more resilient by automation, but in the U.S. they are also eligible for the R&D tax credit, a generous part of the tax code that eases the costs of innovation.

Creative Ways to Build Culture

Posted by Tim Finerty on June 15, 2021

As 2021 presses on, one thing that remains on everyone’s minds is talent. Tune into our upcoming live video event series to learn why culture is such an important piece of the talent puzzle, and how it can help your business thrive.

Industry 4.0 Impacts

Posted by Clayton & McKervey on May 19, 2021

On this episode of The Sound of Automation podcast, Tom Kelly of Automation Alley joins us to discuss industry 4.0 and its impact on small and medium-sized businesses. Learn how companies can navigate this fourth industrial revolution.

The Role of Private Equity

Posted by Clayton & McKervey on May 5, 2021

Listen to the most recent edition of The Sound of Automation podcast and learn about the role of private equity in growing and transitioning your business.

Transactions: Why it’s Never too Early to Start Planning

Posted by Clayton & McKervey on April 21, 2021

Today we sit down with Tax Manager Ruben Ramirez to share some considerations and tax implications for buying or selling a business. Listen in and learn why it's never too early to start preparing for a transaction.

Family-Owned Businesses: Succession Planning

Posted by Clayton & McKervey on April 7, 2021

In this episode of The Sound of Automation podcast, Frank Lashier III, COO of Dominion Technologies Group, Inc. joins us to talk about the challenges of transitioning a business within a family.

KPIs to Take Your Business to the Next Level

Posted by Clayton & McKervey on March 24, 2021

Listen to this episode of The Sound of Automation podcast and learn what KPIs to track and how they can help your business succeed.

The R&D Tax Credit: 280(c) Elections

Posted by Tim Finerty and Bryan Powrozek on March 18, 2021

In this sixth installment in our series on R&D tax credits, we take a closer look at 280(c) elections and summarize the potential tax benefits for qualifying business owners.

The R&D Tax Credit Four-Part Test

Posted by Tim Finerty and Bryan Powrozek on March 11, 2021

In this installment of our R&D tax credit series, we’ll take a closer look at the R&D tax credit four-part eligibility test. It turns out that the qualification bar is often lower than many business owners believe.

Industrial Automation Trends for 2021

Posted by Clayton & McKervey on March 9, 2021

Listen to episode 01 of The Sound of Automation podcast to learn about the most important industrial automation trends to watch this year.

How to Claim R&D Tax Credits

Posted by Tim Finerty and Bryan Powrozek on March 4, 2021

One of the most persistent myths about the R&D tax credit is that the claim process is too complex to be worth it. While it does require extra supporting documentation, the backup you need can most often be found in routine business records you already keep. Let's take a look at how to claim the R&D credit.

How to Calculate R&D Tax Credits

Posted by Tim Finerty and Bryan Powrozek on February 25, 2021

Part three of our R&D tax credit series provides a quick overview of R&D tax credit calculation methods, including the RRC and ASC.

What Expenses Qualify for R&D Tax Credits?

Posted by Tim Finerty and Bryan Powrozek on February 18, 2021

The R&D tax credit is one of the most overlooked opportunities to boost your bottom line. Many business owners fail to claim it under the mistaken belief that they’re not eligible. Let's review the types of expenses that qualify for an R&D tax credit.

Your Guide to R&D Tax Credits

Posted by Tim Finerty and Bryan Powrozek on February 11, 2021

If you haven’t looked into the R&D tax credit before, there’s a good chance that you’re missing a big opportunity to boost your cash position. Even if they're aware of the credit’s existence, many businesses and their owners mistakenly assume that they aren’t eligible, or haven’t utilized the credit correctly. Here’s a quick business owner’s guide to the R&D tax credit and how it works.

Introducing The Sound of Automation: A Clayton & McKervey Podcast

Posted by Clayton & McKervey on February 9, 2021

We are excited to announce The Sound of Automation, a monthly podcast series brought to you by Clayton & McKervey. Before we start releasing the main episodes for this podcast, we wanted to give a little background about why a CPA firm would want to host a podcast focusing on industrial automation.

Let’s Talk Industrial Automation

Posted by Clayton & McKervey on February 5, 2021

Listen to the first episode of The Sound of Automation, a monthly podcast series by Clayton & McKervey.

Misconceptions About the Research & Experimentation Tax Credit

Posted by Tim Finerty and Bryan Powrozek on January 15, 2021

As companies put more emphasis on Industry 4.0 and business processes become more automated and accessible, the opportunities for Research & Experimentation tax credits increase.

Talking Industrial Automation Podcast: Year-End Tax Tips

Posted by Tim Finerty on December 16, 2020

Listen to the Talking Industrial Automation podcast featuring Shareholder Tim Finerty highlighting tax planning tips and ways to maximize cash flow.

What Comes After COVID-19?

Posted by Tim Finerty and Bryan Powrozek on October 7, 2020

The COVID-19 pandemic has impacted businesses around the world by disrupting supply chains, impacting cash flow and accelerating the pace of digital transformation. Here are some strategies to put businesses in the best future position as they navigate the impacts of COVID-19.

Automation is the Solution for Maximizing ROI

Posted by Tim Finerty on September 23, 2020

As more and more companies face the pressure to create a higher performing product as efficiently as possible, a number of them are now adopting Industry 4.0 technology to adapt their workflows to the 21st century. And as a result of embracing this evolution, these businesses are reaping the benefits.

Control Design Article: COVID-19 Impacts

Posted by Tim Finerty and Bryan Powrozek on August 19, 2020

Industrial Automation Shareholder Tim Finerty and Manager Bryan Powrozek share some recommendations to put businesses in the best future position as they navigate the impacts of COVID-19.

Robot Nation Podcast: Talking Automation with Tim & Bryan

Posted by Tim Finerty and Bryan Powrozek on August 7, 2020

Shareholder Tim Finerty and Manager Bryan Powrozek talk about the latest innovations and cash flow considerations impacting industrial machine builders on a recent episode of the Robot Nation podcast.

Debt Restructuring: How Does it Impact Your Taxes?

Posted by Margaret Amsden on June 22, 2020

Throughout the ordinary course of business, you could very well find yourself in a position of insolvency leading to the restructuring of your debt. Dealing with cash flow issues or insolvency can be very stressful and time-sensitive for business owners and taxpayers alike. Learn how debt restructuring impacts your taxes and what to do if you find yourself in this situation.

Economic Aftershocks of COVID-19—and Five Financial Strategies

Posted by Tim Finerty and Bryan Powrozek on June 9, 2020

Beyond basic operational concerns, many process industry users and system integrators are facing related business and financial issues due to COVID-19 and its direct and indirect effects.

Mexico Manufacturing During the COVID-19 Crisis

Posted by Carlos Calderon on April 13, 2020

Like most of the countries in the world, Mexico has been and will be significantly impacted by the Coronavirus outbreak. With the shutdown of non-essential activities, the peso has devaluated, the index of risk has risen and unemployment rates have soared.

Financial Analysis Video: Days Cash On Hand

Posted by Dave Van Damme on April 6, 2020

In light of COVID-19, business owners, CFOs and operations managers are spending a lot of time thinking about cash flow. Now, more than ever, cash is king and understanding how to plan over the next few months and beyond is vital. Watch the video to learn more.

CARES Act Special Rules for Use of Retirement Funds

Posted by Julie Killian on March 30, 2020

The CARES Act includes a number of provisions to allow access to retirement funds in employer-sponsored retirement plans.

To “C” or not to “C”? That is the Question

Posted by Jim Biehl on March 17, 2020

Whether it is nobler in the mind to suffer the higher effective tax rates as a flow-through entity, while maintaining optimum future planning flexibility, or elect to convert your flow-through entity to be taxed as a C corporation, and by doing so realize the immediate and delicious 21% “permanent” C corporation tax rate?

Financial Analysis – Utilization

Posted by Dave Van Damme on March 3, 2020

Senior Manager Dave Van Damme shares insights on a handful of key performance metrics to help business owners track financial performance.

Demystifying the Financial Statement

Posted by Jim Biehl on February 12, 2020

Owners spend years amassing the knowledge and experience necessary to become masters at their craft. Passion for the work and the satisfaction of helping clients is what drives them – not necessarily administrative tasks like financial accounting and reporting.

Slowdown Predicted for System Integrators

Posted by Tim Finerty on February 6, 2020

The concern about an economic slowdown has permeated the news in the past few months. This has been punctuated by the Federal Reserve Bank’s recent decision to cut interest rates for the third time in 2019.

Financial Analysis – Revenue By Employee

Posted by Dave Van Damme on January 23, 2020

Senior Manager Dave Van Damme shares insights on a handful of key metrics to help business owners track financial performance. Here, he discusses revenue per employee so that business owners can better understand the relationship between revenues and costs.

5 Considerations for Finding the Right CPA

Posted by Denise Asker on January 3, 2020

Whether you are handling business or personal finances, having a Certified Public Accountant (CPA) as your advocate is priceless. The right CPA can help you and your business move toward financial success and uncover areas of financial improvement.

Be on the Lookout for R&D Tax Credit Changes

Posted by Bryan Powrozek on December 29, 2019

As the end of another calendar year approaches many companies are beginning to shift their focus to year-end planning. As the dust continues to settle on the changes implemented under the Tax Cuts and Jobs Act (TCJA) most taxpayers have familiarized themselves with the new tax landscape.

Industry 4.0 is Driving Transformation in Finance and Accounting

Posted by Clayton & McKervey on December 4, 2019

“The term Industry 4.0 conjures up images of high-tech factories filled with connected robots performing work previously done by people, but the technologies enabling this transformation are not just confined to the plant floor,”

Industry 4.0: It’s Not Just for Manufacturers!

Posted by Bryan Powrozek on November 21, 2019

The term Industry 4.0 conjures up images of the high tech factories filled with connected robots performing work previously performed by people. However, the …

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