It’s your time to shine! What is your favorite movie and/or TV show? I honestly couldn’t tell you my favorite movie – I guess it would depend on the genre. Favorite TV show is hands down Friends. What did you want to be when you were growing up? So many things! An actress, a veterinarian, …..
How to Defer, Avoid Paying Capital Gains Tax on Stock Sales
The markets are hitting all-time highs, so if you are thinking of selling stocks now or in the near future, there is a good chance that you will have capital gains on the sale. If you’ve held the stocks for more than a year, then they will qualify for the more favorable long-term capital gains …..
Furniture, Fixtures and Equipment – and Depreciation
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 …..
Reframing the Discussion on Good Business Management
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 …..
When it Comes to Hiring, Making a Good Impression Goes Both Ways
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 …..
CHANGE: 4 Simple Reminders to Help Keep Projects On Track
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 …..
In the construction industry, it’s common for businesses to employ workers of a variety of classifications. In a recent article for Construction Executive, Lariza Hebert discusses the benefits and drawbacks of including independent contractors in your workforce. Independent contractors can be beneficial for a variety of reasons. For example, it is very useful to draw …..
Key Strategies for Successful Construction Company Succession Planning
When was the last time you thought about your business’s plan for succession? In a recent article for Construction Executive, author Ken Van Bree offers five helpful tips for construction companies ready to tackle creating a succession plan. Van Bree recommend the following: Self-Evaluate – Take a good look at your business. Identify key players, …..
Does your construction firm have a solid strategy in place for creating good bids and securing the best projects? In a recent article for Construction Business Owner, two construction experts offer advice for developing your bidding strategy. Nicholas Olson, owner of Anderson & Hammack Construction, and Jordan Burns, president of Lancaster Burns Construction, offer the …..
On June 27, 2019, the US Supreme Court released its decision about the addition of a citizenship question to the 2020 census form. In a recent article published by Nonprofit Quarterly, author Tim Delaney breaks down the issue and what it means for US nonprofits. Why does the census matter to nonprofits? Because census results …..
Sending Fundraising Emails? Here Are Some Helpful Tips
Many nonprofits rely on email campaigns to secure funding. They are a valuable tool for reaching prospective donors. In a recent article published by Social Brite, author John Haydon offers some helpful tips for optimizing fundraising email campaign. Customize Your Campaigns for Various Segments – Rather than sending one email to all your subscribers, sort …..
One big downside to grant applications—on both the side of the grant seeker and funder—is the administrative burden. Grant applicants often spend upwards of 20 hours applying for a single grant, and the processing commitment for funders is also significant. In a recent article published by NP Engage, author Chelsea Edwards discusses how technology can …..
According to this year’s Giving USA annual report, overall charitable giving has decreased by almost 2%, across the board. In a recent article published by Network for Good, author Kimberly O’Donnell offers some suggestions for maintaining your non-profits donation levels in the face of this reality. Analyze your past performance. By understanding what you’ve done …..
Small Business Survey: How Are Today’s SMBs Using Technology?
One way to reduce the overhead associated with hiring workers is to make efficient use of technology. According to a recent survey by CompTIA, 73 percent of midsize businesses and 56 percent of firms with fewer than 20 employees say technology is a primary factor in pursuing their business objectives. Budgeting According to the 4Q …..