It’s that time again – time for New Year’s resolutions. Aside from the usual personal goals, maybe it’s time to make some resolutions for your supply chain. In Industry Week’s new article, “10 Supply Chain New Year’s Resolutions,” author Michael J. Gravier, Ph.D., offers some suggestions. Here are a few to consider:
Become more transparent. …
Everyone has at least one pet peeve. The IRS has many. Here are some items that the tax agency may target on a manufacturer’s 2014 tax return — and ways to help safeguard against an IRS audit. …
By themselves, financial statements provide limited insight into a manufacturer’s performance. To get a clearer picture of what’s really happening requires a relevant basis of comparison. Financial ratios and industry benchmarks provide management with the tools to identify strengths and weaknesses. …
Manufacturers and distributors who export products should consider the use of an interest charge domestic international sales corporation (IC-DISC) to reduce their tax burden. Here are some frequently asked questions about this strategy. …
Pinpointing how much a dealership should pay its owners is never easy. You’ve got to consider a variety of factors, including just what form (salaries, benefits, stock) that compensation will take. You also need to ensure your approach will hold up under IRS scrutiny. …
