The impact of the COVID-19 pandemic on manufacturers has been resounding and wide-ranging, explains Lori Walsh in a new article for CPA Practice Advisor. One subset of manufacturers that has felt a significant impact are those who employ lean manufacturing practices. Walsh examines what the pandemic can teach about how this manufacturing style functions during .....
There seems to be no end in sight for the supply chain challenges that have been plaguing the manufacturing industry. As such, small manufacturers need to focus on conserving and prioritizing their energy and resources in order to remain afloat, recommends a recent article from Industry Week. While there is no one-size-fits-all approach, the article .....
Is innovation a top priority for your manufacturing company? Perhaps it should be. In a recent article from Industry Week, Ethan Karp and J. Scott Cade examine three recent instances of manufacturers reframing their perspective on risk and achieving successful innovation. Click here to learn about how three companies hit gold by fostering “intrapreneurship,” innovating .....
The last few years have seen an enormous shift in the workplace—changes in where we work, how we work, and how we decide to leave an employer behind. As a result of the Great Resignation, the power dynamic between employers and employees has shifted. Employers are scrambling to retain their team members and are working .....
In November of 2021, President Biden enacted the Infrastructure Investment and Jobs Act (IIJA), a piece of legislation aimed at shoring up the US infrastructure. As is common with large legislation such as this, there is quite a lot to unpack, explains Julie Strupp in an article for Construction Dive. She offers an overview of .....
Earlier this year, the Supreme Court made the decision to block the COVID-19 vaccine mandate for large employers issued by the Occupational Safety and Health Administration (OSHA). In a recent article from Construction Dive, author Ryan Golden covers the court’s decision and its impact. Click here for a helpful deep dive into the vaccine mandate, .....
Establishing a thorough plan for leadership transition within your construction business is important. This is how you ensure the future of your organization. Author Martin McCarthy offers some helpful advice in a new article from Construction Executive. He covers getting started on creating a plan, choosing your successor, preparing your business for the transition, the .....
Reducing your construction organization’s income tax liability is a big deal. A recent article from Construction Executive discusses a lucrative strategy: the use of net operating loss (NOL) carrybacks and carryforwards. Author Kyrstin Mackrides offers a helpful overview of NOLs, including a thorough definition, tips for calculating NOLs, limitations regarding a change in ownership, and .....
Do you find yourself regularly frustrated with how often your projects go over budget? You are not alone. Many construction companies deal with this issue. Breakdowns in communication between estimators and construction workers is often the culprit, according to Gregg Schoppman in a new article from Construction Business Owner. Click here to learn about Schoppman’s .....
Establishing a clear plan for how you will function as a construction company goes a long way in helping you achieve stability and success in your business. In a recent article from Construction Business Owner, author George Hedley offers 10 helpful tips for doing just that. Click here to read about how you can strengthen .....