by Doeren Mayhew | Dec 19, 2019 | Articles, Expense Accounting, Research & Development
When most people think of research and development (R&D), they tend to think of technicians in a lab creating brand-new, state-of-the-art products. R&D takes place in many different fields, including manufacturing. The Internal Revenue Service (IRS) offers...
by Doeren Mayhew | Oct 24, 2019 | Articles, Cost of Sales & Service, Expense Accounting
By John Scollin, CPA – Shareholder, Business Advisory Group Manufacturers tend to base product prices on direct production costs. Then they occasionally adjust prices for inflation or when the costs of raw materials or labor rates spike. Here’s why this simplified...
by Doeren Mayhew | Dec 19, 2018 | Articles, ASC 606, Revenue Recognition
Summary provided by MaterialAccounting.com: This article explains five steps to take to help implement the new revenue recognition standards. Learn about the new model for reporting revenue from contracts. New revenue recognition standards for privately held companies...
