One of the perennial fears of taxpayers is getting audited by the IRS. Financially, few scenarios strike such fear into hearts. However, taxpayers can probably breathe a sigh of relief – at least for now. This is because the rate at which the IRS is initiating audits of individual taxpayers is dropping like a stone. .....
Whether it’s tariffs, trade wars, or post-pandemic inflation caused by kink-ridden supply chains and what many experts believe to be excess money printing, inflation is an insidious drag on businesses’ operations. When it comes to energy’s contribution to inflation, the U.S. Energy Information Administration (EIA) reports that crude and natural gas prices in 2022 have .....
Imagine selling slices of a large pizza. You can cut it into four even slices and charge $2 a slice. Or, you can cut it into eight even slices and charge $1 per slice. Either way, the total value of the pizza will still be $8. That’s what happens when a stock splits. Let’s say .....
Depreciation is the accounting concept that evaluates an asset’s useful life. As the Internal Revenue Service (IRS) explains, depreciable property – which could include equipment, structures, means of transportation, fixtures, etc. – is examined to see how many years the purchase price can be averaged and “deducted from taxable income.” This is in contrast to .....
The presence of artificial intelligence (AI) technology in the manufacturing sector will soon become ubiquitous, writes Sergio Suarez Jr. in a recent article from Industry Today. AI technology, when incorporated successfully, gives an enormous advantage to its manufacturing users. One particular AI application, computer vision, is incredibly beneficial. “From the hiring process to the plant .....
Resiliency and innovation are trademarks of the manufacturing sector, which makes acquiring businesses in this industry an attractive proposition. In a new article from Forbes, author Vishal Bharucha offers advice to businesspeople considering purchasing a manufacturing operation, particularly in light of the post-pandemic environment. Click here to learn about Bharucha’s hallmarks of a good manufacturing .....
Pursuing a lean manufacturing mentality at the expense of customer value is not the way to go, explain Rick Bohan and Ron Jacques in a recent article from Industry Week. While lean concepts and methods can be very useful, neglecting to take into account the wants and needs of your customers will have a big .....
Women who work in the male-dominated manufacturing industry benefit enormously from the support and mentorship of their female coworkers, writes Katerina Jones in a new article for Manufacturing Business Technology. “It is important for women to mentor other women, provide opportunities, and lift each other up,” explains Jones. She hopes to inspire women in manufacturing .....
When considering whether to incorporate new automation technology into their operations, manufacturers should take into account several factors, writes Irina Lunin in a recent article for Manufacturing Business Technology. Determining the return on investment (ROI) is not a simple task. Lunin lays out six areas that manufacturers should take into account. Click here to learn .....
Being open to incorporating new business strategies is the key to pursuing new veins of profit and growth, explains a recent article from Construction World. The author recommends five approaches for bolstering your operations. From incorporating diversification to trying out new pricing and bidding strategies, the article offers a wealth of helpful advice. Click here .....