Have you started to plan for ASC 842 implementation? Though these rules don’t take effect immediately, the planning process needs to start as soon as possible to identify any gaps in performance or capability. The new rules will be effective December 15, 2018 for public companies and December 15, 2019 for private companies. A …
Each year, the Manufacturing industry makes a coordinated effort across the country to engage the public. Many misconceptions about the industry persist, and Manufacturing Day is one way of changing the way the industry is perceived. It’s been apparent for some time now that there are labor shortages, and that steps need to be …
A recent survey provides insight into the cash flow management at manufacturing and distribution and distribution companies.
Recently, financial and senior executives from manufacturing and distribution and distribution companies were surveyed about their cash flow practices. Only 46% of them had implemented a working capital plan, despite the fact that 88% believe more efficient working …
Energy propels your business. From the climate and working conditions to the manufacturing and distribution of your product, energy is involved with every aspect of your operation. Senior industry specialists discussed the myths about energy management, and how you can maximize what you use.
First, look at the three driving factors of energy costs: how …
If you’re operating overseas, you should be aware of the economic impact new Brexit rules could have. Requirements will become more complicated and it could become more expensive to do business. The Value Added Tax (VAT) system that currently exists will be eliminated between the UK and other members of the EU. With the …
Is there a piece of machinery you’re thinking about replacing? Maybe that’s not necessary. Experts agree: the best insurance policy is an effective maintenance program. However, if you’re at the point where your machine is on its last legs, here are some things to consider before you replace it.
It’s a good idea to collect downtime …
What do your buyers want? It’s not all about price! Here are some other factors that impact their decisions.
When you take on a new client, you are building a relationship. That process starts when they are still prospects, and you’re trying to convince them you’re the best fit for their needs. Price point might …
Hopefully you have an e-commerce site up and running. If not, what’s holding you back? Sometimes it can be a desire to maintain the relationships they have with resellers, and they think offering e-commerce directly to end users will weaken that relationship.
If you’re still on the fence about whether it’s the right decision for …
In December 2015, the Protecting Americans from Tax Hikes (PATH) Act was passed. The PATH Act has seen a lot of benefit to business owners. Small and mid-sized manufacturers distributors can now benefit more from these credits than they have in the past.
Your CPA is the best resource for information about tax credits, but …
You might have read our blog about labor force and dispelling common myths. There is a definite workforce shortage, but there are steps to take to prepare future generations of workers.
Getting more women into the field will go a long way to make up for labor shortages. To get more women in the field, …
