Tax and Finance Roundup: Manufacturing Slowdown Continues

• Manufacturers across much of the U.S. reported slowing activity in June. The Manufacturing Outlook Index published by OMA Connections Partner RSM is now in its 14th consecutive month of negative values.
• The most effective way to mitigate the risk of fraud at your business is by taking these key steps, writes CliftonLarsonAllen, an OMA Connections Partner.
• OMA Connections Partner William Vauhan has published this insight into Ohio’s Regional 166 Direct Loan Program, which provides low-interest financing to manufacturers for eligible projects.
• Here’s the latest guidance from the IRS on the monetizing federal energy credits, as reported by RSM.
• When dealing with accounting rules for mergers and acquisitions, there are three important questions to ask, writes OMA Connections Partner Clark Schaefer Hackett.
• OMA Connections Partner Schneider Downs has published this guidance on determining the best time to sell or exit your business.
• OMA Connections Partner GBQ Partners has been working to help clients communicate with federal representatives about the negative impacts of the R&D capitalization rule.

Finally, the Tax Foundation has published this list of noteworthy tax changes in several states, including some of Ohio’s neighbors. 6/29/2023