Thought Leadership

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Five Steps to Make Your Business “Recession Proof”

The manufacturing industry has enjoyed prosperity for several years, however, no business is recession-proof. While times are good, proactive owners should take steps to prepare for inevitable downturns in financial performance. The following are five strategies to consider:

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Can You Get a Grip on Unemployment Taxes?

Most manufacturers, distributors and retailers spend a considerable amount on salaries and bonuses, which means that federal and state unemployment insurance can represent a substantial cost of doing business. Fortunately, although there may be variations depending on the states where you have…

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Complex Variable Interest Entity Rules Relaxed for Private Companies

When private manufacturers own real estate or expand to new business ventures, they often set up separate legal entities to hold those properties. Current accounting rules require financial data from such “variable interest entities” (VIEs) to be consolidated on the controlling entity’s balance…

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2019 Lease Accounting Infographic

The following infographic explains the things you need to know when implementing the new FASB lease standard. It walks through the important questions to ask, traps you need to watch out for and some surprising examples of leases. 

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Risk Versus Convenience: Crafting Effective BYOD Policies

Salespeople who travel, customer service reps who work from home, and managers who use mobile devices to perform business tasks may all appreciate the flexibility of a bring-your-own-device (BYOD) policy.  Manufacturers may put themselves at risk, though, in allowing access to their systems on an…

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Cloud

Moving Your Business to the Cloud

Many manufacturers and distributors have already jumped aboard the cloud computing bandwagon — but is it right for your business? Some haven’t yet moved to the cloud, possibly because their staff resources and IT expertise are limited.

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