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LB Carlson was proud to serve as a hole sponsor for Print Industry Midwest’s (PIM) Annual Golf Outing at Bunker Hills Golf Club on August 6. Representing LB Carlson, Matt Ramsdell and Ashley Anderson spent the day greeting golfers, handing…

Robust sales don’t always translate into strong profits. A popular product could produce disappointing returns when you account for discounts, shipping, returns and support costs. At the same time, a lower-volume product could quietly generate an attractive profit margin. How…

As your manufacturing business expands into new markets, its state and local tax obligations become increasingly complex, spinning a web of different rules and obligations. Common business activities may produce a taxable connection, or “nexus,” that exposes your organization to…

Financially savvy manufacturers understand that tax planning shouldn’t take place only at year-end. To make the most of all available tax breaks, you need to evaluate your manufacturing business’s midyear position and promptly make necessary adjustments. Here are five federal…

For manufacturers, strong cash flow management is essential to maintaining stability and supporting long-term growth in an increasingly competitive and unpredictable market. Rising material costs, supply chain disruptions, labor shortages and fluctuating customer demand can quickly strain working capital and…

Manufacturers facing rising demand are under increasing pressure to expand their production capacity without compromising quality or profitability. Investing in new facilities is one option, albeit a major one. Another potentially more effective option is to maximize your production capacity…

As a business owner, your eyes may tell you that your employees are working hard. But discerning whether their efforts are truly contributing to the bottom line might be a bit hazy. The solution: Track productivity metrics. When calculated correctly…

On July 4th, 2025, the president signed the largest piece of new tax legislation since The Tax Cuts and Jobs Act and the Inflation Reduction Act.  Below are just a few of the sweeping changes for businesses and individuals.  Unless…

Many business owners take an informal approach to controlling costs, tackling the issue only when it becomes an obvious problem. A better way to handle it is through proactive, systematic cost management. This means segmenting your company into its major…

FOR IMMEDIATE RELEASE LB Carlson and Malloy, Montague, Karnowski, Radosevich, and Co., P.A. Announce Strategic Merger to Enhance Client Services Plymouth, MN— January 1, 2025 — LB Carlson, a leading provider of audit, accounting, tax, and advisory services, is pleased…

Many manufacturer owners may have a ballpark idea of their company’s value. But a professional valuation is essential if you’re considering selling your manufacturing business. You also may need one if you’re applying for a loan, seeking other financing, drafting…

Success in business is often measured in profitability — and that’s hard to argue with. However, liquidity is critical to reaching the point where a company can consistently turn a profit. Even if you pile up sales to the sky, your…

To help ensure continued stability and profitability, businesses need to engage in some form of strategic planning. A recent survey by insurance giant Travelers drives home this point. In its 2024 CFO Study: A Travelers Special Report, the insurer surveyed 610…

Every business needs a budget, but not every budget looks the same. Some companies have intricately detailed ones, others rely on simple templates generated with off-the shelf software, and still others forego formal budgets in favor of a “fly by…

July marks the halfway point of the year and is generally an ideal time for manufacturers to assess their tax situation and plan appropriate strategies for reducing their 2024 tax liability. Bearing in mind that every company’s situation is unique,…