Sunday, 20 January 2019 23:10

Tax cuts spur manufacturers’ investments

Most manufacturers can expect to fork over less in taxes for last year, and companies that monitor the shifting provisions could capitalize on greater investment in a few key areas. Although most of the tax cuts from the federal Tax Cuts and Jobs Act of 2017 became effective for manufacturers on Jan. 1, 2018, businesses in all industries have been left with questions and uncertainty about how the new laws need to be applied, said Joel Mitchell, a tax partner at Plante Moran PLLC in Grand Rapids.

Published in Manufacturing

A partner at accounting and consulting firm Plante Moran, Joel Mitchell has a front-line look into how manufacturers are faring. Mitchell, who heads the manufacturing and distribution industry service team in Grand Rapids, said companies are bracing for disruptions and closely watching how passage of the federal tax reform bill could affect their businesses.

Published in Economic Development