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The 2022 Tax Guide

Now is the time of year to do everything you can to minimize taxes and maximize your financial health with proper year-end planning. In this article, we’ll look at several actions to consider taking before the end of 2022. Thoughtfully Harvest Losses and Gains Before Year-End Tax loss harvesting by selling securities at a loss .....

Defining and Calculating Amortization

When there’s a question of the benefit that tangible or intangible assets provide businesses, there are many factors that must be weighed to make internal accounting procedures effective. Businesses must determine how the cost of business assets can be expensed each year over the asset’s lifespan. Looking at how amortization and depreciation work, implementing both .....

How to Manage In Manufacturing

There is a perception that managing in manufacturing is drastically different than managing workers in other industries. In a recent article for Forbes, Trond Arne Undheim questions this perceived difference. While he acknowledges that there are physical realities that impact manufacturing, he suggests that the current manufacturing management style “slanted towards control, emphasizing supervision, [and] .....

Overcoming Perceived Barriers to Automation

Automation is rapidly expanding within the manufacturing industry, writes Daniel Theobald in an article for Manufacturing Business Technology, and yet many business owners do not understand how robotics might affect their business. In his article, Theobald addresses some of the common misconceptions about automation, and then provides a five step plan to help businesses integrate .....

Leadership Accountability Starts with the CEO

Many businesses are experiencing what Vince Molinaro calls a leadership accountability gap. This gap occurs “any time people in leadership fail to demonstrate personal ownership for their roles.” In his recent article for Industry Week, Molinaro outlines steps that CEOs can take to create a culture of accountability within their organizations. Click here to read .....

6 New Climate Tax Credits that Benefit Manufacturers

When the Inflation Reduction Act (IRA) was signed into law this summer, it created billions of dollars of tax credits designed to boost domestic manufacturing. In a recent article for Industry Week, Jay Ruckelshaus details the top six IRA tax credits for manufacturers and why they are beneficial. Click here to learn more.

Successful Implementation of Management Technology Requires Strategizing

While management technology has demonstrated itself to be of great use in the construction sector, it does bring with it new challenges. “Data and workflow hitches are hampering project management processes and creating chaos for project executives,” explains a new article from Construction Dive. Understanding and adapting your organization’s workflows is the key to successfully .....

Construction Businesses Need New Strategies for Employee Recruitment and Retention

Labor shortages in the construction industry are requiring companies to develop new expectations and strategies surrounding recruitment and retention, writes Stephen Angel in a recent article for Construction Executive. Construction businesses are dealing with competition both from within their industry and without. Angel recommends that contracting companies seek to increase stability, flexibility, and career advancement .....

Seeking a Secure Future for Your Construction Business

Inflation is causing trouble for both businesses and individuals across the country, and the construction industry is no exception. In a new article from Construction Executive, author Joe Galvin takes a look at the economic instability impacting construction businesses. He offers three helpful tips for construction CEOs seeking to shore up their organizations. Click here .....

Addressing Payment Woes in the Construction Sector

Keeping your construction company’s pipeline of payments moving is very important to maintaining smooth and seamless operations. In a recent article for Construction Executive, Michael Bignold takes a look at five common payment issues encountered in construction and offers helpful strategies for addressing them. Click here to learn more.