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Manufacturing Minute

Manufacturing Minute

Business2 episodes
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.
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Section 174 Tax Relief: What Manufacturers Need to Know About the R&D Capitalization Fix

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

17 min 10 sec
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 understand how these changes can revitalize R&D efforts and foster growth within the manufacturing sector.
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AI in Finance: From Hype to Real Business Value

AI in Finance: From Hype to Real Business Value

26 min 27 sec
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 the technology responsibly. Join us as we explore how to harness AI effectively, ensuring your finance operations thrive in a rapidly changing landscape. Tune in for valuable strategies and insights for your organization’s future.
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