Imagine if you could spend more time on the things that matter most to your business: creativity, driving revenue, and providing excellent customer service.
Technology is changing at an incredible rate, and for the MedTech industry, it is a challenge to keep up. A business advisor like LB Carlson can significantly reduce the competitive pressure in this continuously evolving industry full of innovators and regulators.
Working with different sectors in this constantly evolving industry leaves us prepared for anything thrown our way. As a strategic partner, we can help take some of the pressure off by making sure compliance doesn’t get too overwhelming- so you have one less thing to worry about when it comes down to running your company.
We’re passionate about your success
Our full suite of service offerings, industry expertise, and can-do attitude make us unique from other accounting firms. First and foremost, we share your entrepreneurial spirit and are excited by the fast-paced environment in which you operate. Our team is ready to run (or sprint!) alongside you, eager to be part of your journey. Additionally, our forward-thinking approach will help prevent you from making costly mistakes and incurring unnecessary expenses.
A trusted partner to the MedTech industry
A trusted partner of the MedTech industry for over thirty years, LB Carlson is a premier accounting and consulting firm for a variety of companies, including startups, manufacturers, and medical device equipment providers. From consulting on tax strategy and financial reporting practices through valuations or guidance when you are ready to sell, we have a solution that can help navigate the many complexities the MedTech industry faces.
How we can help you!
We provide the following services to our MedTech clients:
Accounting Services Support
Valuations
Attest Services
Tax
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.
No matter the size or shape of a business, one really can’t overstate the importance of sound accounts receivable policies and procedures. Without a strong and steady inflow of cash, even the most wildly successful company will likely stumble and could even collapse. If your collections aren’t as efficient as you’d like, consider these five ways to improve them.
Are you just starting your business? Maybe you received the notice that QuickBooks Desktop/Intuit payroll will be retired after this year and wondering what your options are. Do you currently have QuickBooks Desktop and are wishing you could have multiple people access the data from other than your computer?
What you need to know now about the Employee Retention Credit
Since March 2020, many small business owners and their advisors have been focused primarily on Paycheck Protection Program Loans (PPP), PPP forgiveness, and Employee Retention Tax Credits (ERTC). That focus certainly has made sense; however, as you wrap up your PPP forgiveness and ERTC calculations, this is a brief reminder not to forget about the research and development (R&D) tax credit.
