Taking your manufacturing operation to the next level calls for another level of objectivity and insight. LB Carlson brings that and more as your strategic partner, helping you focus on innovation and growing your business. We are there at the management meetings, assisting you in important daily decisions that improve operations and profits. We’ll help you assess personnel and management issues that impact your bottom line, and review sales, marketing and bidding procedures. In fact, half of our work with manufacturers involves custom business consulting. We work behind the scenes so you can get your product in front of the right people at the right time.
Our nationwide client base includes:
The IRS has published new guidance on the Employee Retention Credit (ERC). The credit was created in March 2020 to encourage employers to keep their workforces intact during the COVID-19 pandemic. Notice 2021-49 addresses various issues, particularly those related to the extension of the credit through 2021 by the American Rescue Plan Act (ARPA).
An accounting system provides a clear view of the overall financial health of a company. Setting up an accounting process is important because it provides organization for a business, provides an understanding of a business’s cash flow needs, and can help identify and implement tax reduction strategies before year end.
Someone might have once told you that human beings use only 10% of our brains. The implication is that we have vast, untapped stores of cerebral power waiting to be discovered. In truth, this is a myth widely debunked by neurologists.
Fun fact: A summer job may enable your teen to contribute to a Roth IRA.
Most business owners would likely agree that strategic planning is important. Yet many companies rarely engage in active measures to gather and discuss strategy. Sometimes strategic planning is tacked on to a meeting about something else; other times it occurs only at the annual company retreat when employees may feel out of their element and perhaps not be fully focused.
A critical deadline is approaching for many of the businesses that have received loans under the Paycheck Protection Program (PPP), which was created in March 2020 by the CARES Act. If these borrowers don’t take action before the deadline expires, their loans will become standard loans, and the borrowers could be responsible for repaying the full amount plus 1% interest before the maturity date. In addition, some borrowers could face audits.
