Trump’s Payroll Tax Holiday Adds to the Burden of Employers
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 …..
Strategies for Increasing Your Construction Company’s Profits
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 …..
The Detrimental Impacts of Poor Leadership on Company Culture
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 …..
The Impact of the Coronavirus Pandemic on Employment Laws
The fallout of the coronavirus pandemic is far-reaching—and its extent is still largely a mystery. A recent article from Construction Business Owner examines the likely impact of COVID-10 on employment laws. Author Richard Alaniz examines the following areas: COVID-19 Lawsuits – Many worker safety complaints having to do with COVID-19 have already been filed with …..
Considerations for Returning to Work in the Post-pandemic Environment
As a result of the coronavirus pandemic, businesses in the construction industry must deal with a number of new liability considerations. A recent article from Construction Business Owner examines how construction business owners should deal with the new circumstances they face as they get back to work. Author Jeffrey Kozek suggests adapting both operations and …..
When disaster hits, time is of the essence. In the wake of a catastrophe that impacts an area or issue that your nonprofit serves, it is time to execute an emergency fundraising campaign. In order to do so quickly and successfully, you should already have a plan in place. A recent article from Network for …..
Strategies for Small Nonprofits Searching for Long-term Solutions
As a nonprofit leader, if you are struggling right now, you are certainly not alone. Many nonprofits are buckling under the weight of the coronavirus pandemic and the economic havoc that it has ushered in. While the government has created some programs to provide aid—such as the Payroll Protection Program (PPP) and the Economic Injury …..
As a result of the coronavirus pandemic, professionals are spending more time in virtual meetings than ever before. While modern technology makes virtual meetings easy to access, your work is not done there. A recent article for Forbes offers fifteen tips for holding successful virtual meetings. The expert tips can be categorized not the following …..
Due to the nature of their missions, for some nonprofits, remote work is not an option. However, for nonprofits that can function remotely, now may be the time to consider downsizing physical space in order to save money and reduce expenses. In a recent article from NonProfit Quarterly, Sofia Jarrin-Thomas explores why nonprofits should consider …..
New Legislation Addresses CARES Act Issue for Nonprofits
On August 3rd, the Protecting Nonprofits from Catastrophic Cash Flow Strain Act (S.4209) was enacted by the President. A recent article from The NonProfit Times offers a helpful overview of the legislation and why it is crucial for nonprofits. The new act is designed to clarify an issue created by guidance from the Labor Department …..
It’s your time to shine! What is your favorite movie and/or TV show? My favorite TV show is New Girl and one of my all-time favorite movies is Miracle. What did you want to be when you were growing up? As nerdy as it sounds, when I was little I really wanted to be a …..
Borrowing From Your Retirement Plan: New CARES Act Rules
It’s been nearly half a year since Americans first became widely aware of the coronavirus contagion within the United States. While for a brief month it looked as if we had the virus in hand, since then it has spread wildly out of control in many areas. People who did not suffer dramatic financial consequences …..
Recently, the IRS Commissioner testified before the Senate Finance Committee, sending the message that the IRS is committed to catching intentional tax evaders. There was no ambiguity in the message of his testimony to Congress; he noted that under his watch, the IRS will aggressively pursue those purposely evading their tax obligations with civil and …..
R&D Tax Credits May Be Part of the Next Tax Relief Bill
As the economic impact of COVID-19 lingers and an impending second wave is on everyone’s mind, Congress is already thinking of new legislation to stimulate the economy. One of the ideas on the top of the list is an expansion of the Research and Development (R&D) tax credit as part of the next COVID-19 relief …..
The New York Fed Staff Nowcast predicts a negative 14.3 percent (-14.3 percent) growth of real GDP for Q2 of 2020 and a positive 13.2 percent growth of real GDP for Q3 of 2020. Clearly, the Fed is expecting a rebound in the second half of 2020. This forecast, presented in the July 17, 2020: …..
The Benefits of Sourcing a Manufacturing Supply Chain Locally
In light of the recent coronavirus pandemic, it has become much more cost-effective for manufacturers to source locally rather than nationally or internationally. A recent article published by Thomasnet examines why local sourcing is the best choice for manufacturers. According to the article, local sourcing is good for manufacturing supply chains because it provides: Greater …..
The manufacturing industry is facing numerous threats. In order to adapt to circumstances and remain in business, manufacturers need to adjust their supply chain methods and respond to consumer demand, writes Andy Rodosevich in a recent article for Forbes. With the dual goal of maintaining business and employees and contributing to the needs of the …..
Though the recession associated with the coronavirus pandemic has been relatively short, it has had an enormous impact on many manufacturers. In a recent article from Industry Week, author Stephen Gold examines some of the impacts that manufacturers will feel for years to come. Gold examines the results of a recent survey of large, global …..
Many manufacturers are struggling in the face of the COVID-19 pandemic. Recently, Manufacturing Business Technology released a series of articles that offer tips for manufacturers on staying relevant during the current upheaval. In the second installment of the series, author Andrew Walker offers manufacturers three additional strategies for meeting the challenge of the coronavirus crisis. …..
Many manufacturers are struggling in the face of the COVID-19 pandemic. Recently, Manufacturing Business Technology began a series of articles that offer tips for manufacturers on staying relevant during the current upheaval. In the first installment of the series, author Andrew Walker offers two key steps for manufacturers to take in order to meet the …..