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Maintaining a healthy cash flow is critical for manufacturers

Managing and improving cash flow can help manufacturers survive tough times and prosper during better times. Every manufacturer is different, so the right cash flow strategies depend on your situation. Let’s take a look at several strategies that might be right for your manufacturing company.

5 ways to upskill your workforce

The continued impact of the COVID-19 pandemic, unprecedented disruptions to the supply chain and a competitive business environment have created a challenging business environment. But manufacturers are facing another major obstacle: the ever-growing skills gap in the workforce. Here’s one possible solution to this.

Transferring Values—Not Just Wealth—to Your Heirs

Many of us have thought about how to best transfer our wealth to our heirs someday. It’s vital to understand the importance of your values when it comes to your wealth and sense of purpose in life. Here’s how to show your kids the connection between the two so they see the “why” behind decisions made with the family money. 

Review your strategic plan … and look ahead

Business owners, year end is officially here. It may even be over by the time you read this. (If so, Happy New Year!) In any case, the end of one year and the beginning of another is always an optimal time to look back on the preceding 12 calendar months and ask a deceptively simple question: How’d we do?

Sales tax nexus

Sales and Use Tax Compliance in the Graphic Arts Industry

In the graphics arts industry, where drop shipping or sending direct mailers across several states can be a regular request, sales and use tax compliance is a complex issue that should be on your radar. If your business is not familiar with the new requirements, keep reading!

4 red flags of an unreliable budget

Every business should prepare an annual budget. Creating a comprehensive, realistic spending plan allows you to identify potential shortages of cash, possible constraints on your capacity to fulfill strategic objectives, and other threats. Whether you’ve already put together a 2022 budget or still need to get on that before year end, here are four red flags to watch out for:

Don’t forget to factor 2022 cost-of-living adjustments into your year-end tax planning

The IRS recently issued its 2022 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, mainly due to the COVID-19 pandemic, many amounts increased considerably over 2021 amounts. As you implement 2021 year-end tax planning strategies, be sure to take these 2022 adjustments into account.

Supply Chain – A New Emphasis on Change

We all learned a lesson in supply chain when we couldn’t find toilet paper 18 months ago. You may have seen higher pricing, a run on products that left shelves empty, or you were limited on the number of packages you could buy. You may have decided to purchase a different brand, go to another store, or shop on the internet where you usually wouldn’t have shopped for toilet paper. Who would have thought something as historically abundant and necessary as toilet paper would be out of stock?

4 ways to refine your cash flow forecasting

Run a business for any length of time and the importance of cash flow becomes abundantly clear. When payroll is due, bills are piling up and funds aren’t available, blood pressure tends to rise. For this reason, being able to accurately forecast cash flow is critical. Here are four ways to refine your approach: