There are certain year-end financial transactions that must clear by Dec. 31 to be reported on the 2020 tax return. It is important to take a good look at your financial portfolio in light of the plethora of unusual events that occurred this year. Now is a good time to determine if you have fallen .....
Economists are predicting that 58 percent of unemployed workers who were laid off as a result of COVID-19 lockdowns are likely to return to their old jobs, according to the Brookings Institution. But with the majority of laid-off workers facing an uncertain employment future, the question remains: How will workers and employers transition into a .....
For manufacturing and distribution companies, strong management of inventory systems is a must. This was made only more evident by the coronavirus pandemic, which threw a wrench in the operations of many organizations. In a recent article for the Boston Business Journal, author Dennis Finnegan and Justin Provencher offer valuable advice for shoring up inventory .....
The failure of manufacturers to digitize and modernize has a big impact on many areas of their operations. In a recent article for Forbes, author Russ Banham discusses how lack of a digitized infrastructure has detrimental effects both internally and externally. “Without a modern IT infrastructure, industrial manufacturers struggle to deploy advanced technologies like predictive .....
While there has been a lot of buzz surrounding digital transformation in the manufacturing sector over the last few years, most manufacturers are still lagging behind in making the transition. This lack of transformation was made particularly evident by the onset of the coronavirus pandemic, explains author Vatsal Shah in a recent article for Forbes. .....
“Unpredictable” is the perfect word to describe what 2020 has been for supply chain and logistics professionals. The coronavirus pandemic has been a huge curveball and continues to cause uncertainty as we approach the 2020 holiday seasons. In a recent article for Industry Today, author Blake Pinard offers advice for supply chain leaders looking to .....
As we approach the close of 2020, there is a lot to reflect upon and take into account for the coming year. To help us do this, in a recent article for Industry Week, John Drosos examined the interviews of more than 60 executives and 100 leading manufacturers regarding industry trends. Specifically, the interviewees identified .....
An August 8th executive order from President Trump created a payroll tax holiday for the last third of 2020. The program is controversial because unless Congress passes legislation that turns the tax holiday into a tax cut, the deferred taxes will need to be paid back over the first four months of 2021. This would .....
Are you looking to increase profits and improve the financial status of your construction company? In a recent article from Construction Executive, author Mark Soto offers six helpful tips for doing so. Avoid the need to perform rework by paying extra attention in the planning and communication stages of each job. Rather than rushing to .....
In the construction industry, company leaders have an enormous impact on the culture of their organization. In a recent article for Construction Executive, author Randy Goruk examines three major mistakes that construction leaders can make that can have detrimental impacts on their company culture. Inconsistency – Construction leaders who fail to practice what they preach .....