Insourcing Brings In More Business
New equipment, a balanced budget and better community relationships are just a few of the benefits in-plants have reaped from insourcing.
Tax Law
Another issue to consider is tax law, notes Walker, of Wake Forest. Non-profit or governmental in-plants should be aware of state and federal laws that may preclude them from taking in certain outside work.
"All I can do is stress that an in-plant know the legalities surrounding taking in outside work," he says. "We are governed by the A-21, which says we cannot show favoritism in our pricing. I would also make sure that you understand the tax concerns involved with insourcing. If you don't understand the tax laws then you can take a hit, and that takes the wind right out of your profits."
- Companies:
- Xerox Corp.
- Places:
- Prince William
- Woodbridge
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