When it comes to determining depreciation for Furniture, Fixtures and Equipment (FF&E), there are many considerations that exist for accountants and business owners. Defining Furniture, Fixtures and Equipment FF&E refers to expenses for business items that are not affixed to the building where that business operates. Real world examples of depreciable assets include chairs, desks, .....
With the start of the fourth quarter of 2019 underway, it’s time to see what the Internal Revenue Service (IRS) will expect of filers for their 2019 taxes. The following are a list of major changes that filers need to be aware of: Removal of the Affordable Care Act’s (ACA) Individual Mandate Penalty With the .....
Economists generally determine that the country has fallen into a recession after two consecutive quarters of negative gross domestic product (GDP) growth. Since 1967, the United States has experienced seven recessions. Predicting a recession is a little like predicting a tornado: experts are never exactly sure if or when one will occur, but they can .....
If you work in manufacturing, you are probably aware of the fierce competition that exists when it comes to attracting, hiring, and maintaining a talented workforce. There is a shortage of manufacturing laborers with the talent required to fill open jobs. So what should manufacturers do in order to build a strong workforce? A recent .....
Millennials are rapidly approaching the point where they will make up the largest portion of the US workforce. As such, manufacturers should be considering how to attract millennial sellers to their teams. In a recent article for Manufacturing Business Technology, Pamela Hammers offers some tips for attracting, hiring, and retaining millennial team members. Consider how .....
By nature, supply chains are very susceptible to disruption. This is because an issue in one area rapidly has an impact on other areas in the same chain. While it is impossible to avoid supply chain disruption entirely, there are strategies for preparing for disruption and minimizing its impact. In a rencet article for Thomasnet, .....
Change is tough. In the manufacturing sphere, many executives shy away from implementing change because of the unknowns that it can bring with it. In a recent article for IndustryWeek, Paul Ericksen discusses how executives should embrace change—and not just little changes, but large-scale ones. Ericksen first addresses incremental versus step-function changes. Incremental changes are .....
For years, manufacturing advisors have been preaching “lean” to executives in the industry. In a recent article for IndustryWeek, Dan Markovitz—who is himself an advocate of lean policies—discusses why reframing the discussion away from the terminology of lean practitioners could be helpful. Markovitz advocates that manufacturers and industry advisors simply call lean practices what they .....
It’s common knowledge that when you’re interviewing for a job, you need to put effort into making a good impression. What’s sometimes forgotten, though, is that the impression that the hiring location makes on the interviewee is also key—especially when the position being filled requires an experienced and intelligent candidate. In a recent article for .....
Struggling to keep projects on track is common in the construction industry. A recent article for Construction World offers four helpful tips for project managers handling this issue. Here are some simple, straightforward suggestions for keeping your projects on course: Scheduling – Make a schedule that is as realistic as possible, which probably means giving .....