Manufacturing & Distribution

2016 RI Manufacturing Annual Meeting Scheduled

Sansiveri is one of the prime sponsors of the 2016 Rhode Island Manufacturing Annual Meeting being held on May 11, 2016 from 7:30 am to 9:30 am at the Twin River Event Center in Lincoln, RI. Special keynote speaker will be Reid Wilson, chief political correspondent and...

Polaris MEP’s Spring Events

If you are a manufacturer, Polaris MEP now offers Strategic Business Planning services. They are also also offering an Entrepreneurial Process Workshop and the 2016 Marketing Smarter for Manufacturers Series, among other scheduled spring events targeted to the industry. For more information or to register for an upcoming event,...

Attention Massachusetts Businesses

If you are a corporation or business entity taxable as a corporation, April 1, 2016 is the deadline to certify your tax status in order to qualify for local personal property tax exemptions according to the Department of Revenue (DOR). The certification is required for federal and state tax purposes...

Tax Scam Notification

The Rhode Island Division of Taxation has cautioned Rhode Island businesses owners about a scam in which individuals claim to be collections agents of the Rhode Island Division of Taxation and request immediate payment. Please note that the Division of Taxation does not request cash or other payment by businesses...

Changes to Lease Recognition

By Linda Marie Pearson, CPA, CFE Financial Accounting Standards Board (FASB) has just amended the FASB Accounting Standards Codification (ASC) related to leases. FASB issued Accounting Standards Update No. 2016-02, Leases (Topic 842) to communicate how the ASC was amended. Here are the highlights of the change: Main...

Manufacturing Industry Symposium

2016 Manufacturing Industry Partnership Workforce Development Symposium Hosted by the Rhode Island Manufacturing Association, this event will feature keynote speaker Jennifer McNelly, President of the National Manufacturing Institute. When: March 9, 2016 Where: Rhode Island College When: 7:30 am to 2:30 pm RSVP: [link] Other Dates of Interest...

U.S. Manufacturing Output Rose in January

Bloomberg Business reports U.S. manufacturing output rose in January by the most since July 2015, a sign the industry was starting to stabilize at the beginning of the year. Also noted was factory payrolls rose in January by the most in more than a year, and hours worked climbed. For the...

FASB Proposes Two Accounting Standard Updates

FASB Issues Proposed Improvements To Financial Reporting of Pension and Other Post-Retirement Benefit Plans The Financial Accounting Standards Board (FASB) has issued two proposed Accounting Standards Updates (ASUs) intended to improve financial reporting by employers related to defined benefit pension and other postretirement benefit plans. They are: The proposed...