Michigan Manufacturers: Apply for Talent Funding by October 28
Posted by Jim Biehl on October 21, 2021
Jim Biehl
In talking with manufacturers, we know that talent is a top issue. If you’re a manufacturer in Michigan seeking assistance with talent retention, you don’t want to miss out on applying for the Going PRO Talent Fund. This fund is designed to help employers with training, developing and retaining employees.
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Emerging Tech for Manufacturing: Reduce Risks with Cybersecurity
Posted by Jim Biehl and Elly Mioduszewski on August 30, 2021
Jim Biehl
For many manufacturers, there’s nothing worse than realizing your security has been breached. Whether it is ransomware, spyware, phishing, or an unintended data breach, manufacturing’s growing dependence on technology also leaves it vulnerable to technology-based attacks.
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Emerging Tech for Manufacturing: Building Blocks of Blockchain
Posted by Jim Biehl and Elly Mioduszewski on July 27, 2021
Jim Biehl
Along with the health and safety of its people, there may not be anything more important to a manufacturer than the security of its information. For many companies, blockchain ledger is required to create an audit trail for all transactions within a supply chain.
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Emerging Tech for Manufacturing: RPA & the Human Workforce
Posted by Jim Biehl and Elly Mioduszewski on June 29, 2021
Jim Biehl
Many of today’s manufacturing jobs include repetitive tasks that could pull qualified talent away from more essential responsibilities. Learn how RPA can emulate the actions of a human workforce and automate specific business processes to work in concert with people.
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Transaction Basics for Business Owners: Post Closing…Now What?
Posted by Clayton & McKervey on June 28, 2021
Clayton & McKervey
Wondering what happens after a business deal closes? While it may seem like completing a transition is enough – it’s not quite done. Watch this recorded live video event for tips on preserving your investment post-sale.
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Transaction Basics for Business Owners: It’s All About Due Diligence
Posted by Clayton & McKervey on June 11, 2021
Clayton & McKervey
Deals are made or lost in the due diligence process. Watch this live video to learn about common issues that surface during this phase, including vital buyer and employee needs.
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AI and the Next Wave of Manufacturing Tech
Posted by Jim Biehl and Elly Mioduszewski on May 25, 2021
Jim Biehl
Whether visualizing a task from point A to point B, making a decision based on prior experiences, or interpreting data to do something more efficiently, AI can help your manufacturing facility by removing human error and maximizing human talent.
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Transaction Basics for Business Owners: The Art of the Deal
Posted by Clayton & McKervey on May 21, 2021
Clayton & McKervey
When you find yourself seriously considering a transaction, you’ll need to put the right team in place. Watch this live video to learn more about the roles of your CPA, attorney, and investment banker – and how they work together to protect your interests.
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How Data Analytics Drives Manufacturing Businesses Forward
Posted by Clayton & McKervey on May 13, 2021
Clayton & McKervey
Numbers matter in manufacturing. They determine your costs and your revenue. They are the foundation of algorithms that move your machines and measure your products to the most precise degree.
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Transaction Basics for Business Owners: Preparing Even When You’re Not Ready
Posted by Clayton & McKervey on May 8, 2021
Clayton & McKervey
Even if you’re not ready to sell now, it’s never too early to start planning for an inevitable transition. Watch this recorded live video event to learn how buyers assess value and what’s needed to put yourself and your business in the best possible position.
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ERP Systems: Manufacturing’s Next Gen Tech
Posted by Jim Biehl and Elly Mioduszewski on April 27, 2021
Jim Biehl
Manufacturers have always sought the most efficient method for communicating across departments. Learn about the benefits of Enterprise Resource Planning (ERP) systems and important questions to ask when implementing an ERP system.
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5 Emerging Technologies for Manufacturing
Posted by Jim Biehl and Elly Mioduszewski on March 30, 2021
Jim Biehl
Learn about the fast-growing technologies impacting manufacturers today. Each could be a benefit to how your business produces a product, connects with new customers, secures its data or communicates internally and externally.
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Money on the Table: Use ERC & PPP Programs to Your Advantage
Posted by Clayton & McKervey on March 29, 2021
Clayton & McKervey
Watch this recorded live video event we hosted with the Michigan Manufacturing Association (MMA) to learn how to use government programs to your advantage in 2021 and beyond.
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Inventory Optimization Creates Expanded Working Capital
Posted by Jim Biehl on December 14, 2020
Jim Biehl
Many businesses were caught off guard by the COVID-19 pandemic. Stay-at-home orders and mandatory business closures created significant operational challenges.
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Financial Tips for Managing the COVID-19 Fallout
Posted by Jim Biehl on November 19, 2020
Jim Biehl
COVID-19 has had a significant impact on Michigan manufacturing, forcing many to shift strategies to cope under crisis. Here are some financial tips for managing the ongoing COVID-19 fallout.
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MMA October: COVID-19 Financial Tips
Posted by Jim Biehl on October 19, 2020
Jim Biehl
COVID-19 has had a significant impact on Michigan manufacturing, forcing many to shift strategies to cope under crisis. Shareholder Jim Biehl shares financial tips for managing the ongoing COVID-19 fallout in the October issue of the Michigan Manufacturers Association (MiMfg) magazine.
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What Comes After COVID-19?
Posted by Tim Finerty and Bryan Powrozek on October 7, 2020
Tim Finerty
The COVID-19 pandemic has impacted businesses around the world by disrupting supply chains, impacting cash flow and accelerating the pace of digital transformation. Here are some strategies to put businesses in the best future position as they navigate the impacts of COVID-19.
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Navigating Global Trade During a Worldwide Pandemic
Posted by Jim Biehl on September 28, 2020
Jim Biehl
When COVID-19 emerged, global trade was brought to a standstill. Today, the global economy has slowly begun to recover, but in order to maintain trade functions that supply goods to the world, companies must adapt to the “new normal.”
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Automation is the Solution for Maximizing ROI
Posted by Tim Finerty on September 23, 2020
Tim Finerty
As more and more companies face the pressure to create a higher performing product as efficiently as possible, a number of them are now adopting Industry 4.0 technology to adapt their workflows to the 21st century. And as a result of embracing this evolution, these businesses are reaping the benefits.
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Control Design Article: COVID-19 Impacts
Posted by Tim Finerty and Bryan Powrozek on August 19, 2020
Tim Finerty
Industrial Automation Shareholder Tim Finerty and Manager Bryan Powrozek share some recommendations to put businesses in the best future position as they navigate the impacts of COVID-19.
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New Nexus Standards for Remote Sellers
Posted by Sue Tuson on July 23, 2020
Sue Tuson
Most equipment manufacturers in manufacturing-friendly states like Michigan take it for granted that equipment used in manufacturing is exempt from sales tax in other states. Much to their unhappy surprise, it is not the case in all states!
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Turns on Inventory – Systems and Processes to Monitor Inventory Levels
Posted by Dave Van Damme and Jim Biehl on June 22, 2020
Dave Van Damme
You’re in the wholesale or distribution space and have a huge asset, called inventory, which needs to be converted to cash, but you aren’t great at tracking or counting it and you are not really sure which items are sitting. So what do you do?
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Debt Restructuring: How Does it Impact Your Taxes?
Posted by Margaret Amsden on June 22, 2020
Margaret Amsden
Throughout the ordinary course of business, you could very well find yourself in a position of insolvency leading to the restructuring of your debt. Dealing with cash flow issues or insolvency can be very stressful and time-sensitive for business owners and taxpayers alike. Learn how debt restructuring impacts your taxes and what to do if you find yourself in this situation.
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Economic Aftershocks of COVID-19—and Five Financial Strategies
Posted by Tim Finerty and Bryan Powrozek on June 9, 2020
Tim Finerty
Beyond basic operational concerns, many process industry users and system integrators are facing related business and financial issues due to COVID-19 and its direct and indirect effects.
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New Survey Findings Reveal the Impact of COVID-19 on Manufacturers
Posted by Jim Biehl on June 2, 2020
Jim Biehl
COVID-19 has profoundly impacted business. The combination of stay-at-home orders, forced business closures and fear of virus transmission meant some businesses had to cease operations entirely while others were tasked with challenging modifications to comply with state and local regulations.
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Mexico Manufacturing During the COVID-19 Crisis
Posted by Carlos Calderon on April 13, 2020
Carlos Calderon
Like most of the countries in the world, Mexico has been and will be significantly impacted by the Coronavirus outbreak. With the shutdown of non-essential activities, the peso has devaluated, the index of risk has risen and unemployment rates have soared.
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Financial Analysis Video: Days Cash On Hand
Posted by Dave Van Damme on April 6, 2020
Dave Van Damme
In light of COVID-19, business owners, CFOs and operations managers are spending a lot of time thinking about cash flow. Now, more than ever, cash is king and understanding how to plan over the next few months and beyond is vital. Watch the video to learn more.
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CARES Act Special Rules for Use of Retirement Funds
Posted by Julie Killian on March 30, 2020
Julie Killian
The CARES Act includes a number of provisions to allow access to retirement funds in employer-sponsored retirement plans.
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To “C” or not to “C”? That is the Question
Posted by Jim Biehl on March 17, 2020
Jim Biehl
Whether it is nobler in the mind to suffer the higher effective tax rates as a flow-through entity, while maintaining optimum future planning flexibility, or elect to convert your flow-through entity to be taxed as a C corporation, and by doing so realize the immediate and delicious 21% “permanent” C corporation tax rate?
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Financial Analysis – Utilization
Posted by Dave Van Damme on March 3, 2020
Dave Van Damme
Senior Manager Dave Van Damme shares insights on a handful of key performance metrics to help business owners track financial performance.
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Demystifying the Financial Statement
Posted by Jim Biehl on February 12, 2020
Jim Biehl
Owners spend years amassing the knowledge and experience necessary to become masters at their craft. Passion for the work and the satisfaction of helping clients is what drives them – not necessarily administrative tasks like financial accounting and reporting.
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Financial Analysis – Revenue By Employee
Posted by Dave Van Damme on January 23, 2020
Dave Van Damme
Senior Manager Dave Van Damme shares insights on a handful of key metrics to help business owners track financial performance. Here, he discusses revenue per employee so that business owners can better understand the relationship between revenues and costs.
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US Senate Approves the USMCA
Posted by Carlos Calderon on January 20, 2020
Carlos Calderon
The United States, Mexico, Canada trade deal (aka. NAFTA 2.0), has finally been approved by the US Senate after 29 months of extensive negotiations. Republicans and Democrats came together to show support with 89 votes in favor of the new agreement.
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5 Considerations for Finding the Right CPA
Posted by Denise Asker on January 3, 2020
Denise Asker
Whether you are handling business or personal finances, having a Certified Public Accountant (CPA) as your advocate is priceless. The right CPA can help you and your business move toward financial success and uncover areas of financial improvement.
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Be on the Lookout for R&D Tax Credit Changes
Posted by Bryan Powrozek on December 29, 2019
Bryan Powrozek
As the end of another calendar year approaches many companies are beginning to shift their focus to year-end planning. As the dust continues to settle on the changes implemented under the Tax Cuts and Jobs Act (TCJA) most taxpayers have familiarized themselves with the new tax landscape.
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Tips for a Smooth Audit
Posted by Julie Killian on December 19, 2019
Julie Killian
Whether preparing for a first-year audit or looking to simplify the existing audit process, there are proactive steps a company can take to have a smooth and relatively painless corporate financial statement audit.
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Industry 4.0 is Driving Transformation in Finance and Accounting
Posted by Clayton & McKervey on December 4, 2019
Clayton & McKervey
“The term Industry 4.0 conjures up images of high-tech factories filled with connected robots performing work previously done by people, but the technologies enabling this transformation are not just confined to the plant floor,”
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Considering Expanding to Mexico? Learn the Impacts of Taxes and Personnel Expenses
Posted by Carlos Calderon on November 26, 2019
Carlos Calderon
It is true that Mexico has a highly qualified and competitive labor market, and a young population; however, it is mandatory -- and extremely important -- to factor in the personnel-related requirements below when expanding or operating in Mexico.
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Industry 4.0: It’s Not Just for Manufacturers!
Posted by Bryan Powrozek on November 21, 2019
Bryan Powrozek
The term Industry 4.0 conjures up images of the high tech factories filled with connected robots performing work previously performed by people. However, the …
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Doing Business in the US: Challenges and Experiences of European Companies
Posted by Teresa Gordon on October 31, 2019
Teresa Gordon
European companies open branches in the United States for a host of reasons. For starters, the US gives these businesses a completely new base of customers; a chance to step out from the almost saturated European market and stand out from the crowd.
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