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Manufacturing

The Role of Financial Due Diligence and EBITDA in Business Transactions

The Role of Financial Due Diligence and EBITDA in Business Transactions

When it comes to buying, merging, or selling a business, financial due diligence is critical. This thorough analysis of a business’s financial health provides a comprehensive understanding of its economic standing, mitigating potential risks and ensuring a fair deal for both parties involved. One factor that plays a significant role
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Charting Your Supply Chain Strategy in Stormy Waters

Charting Your Supply Chain Strategy in Stormy Waters

With escalating trade wars, geopolitical uncertainties and conflicts, the pending Presidential election, and more, U.S. manufacturers continue to navigate choppy waters to chart their supply chain strategy. Building on President Trump’s 2018 tariff increase on goods from China, in mid-May, President Biden set out to address unfair trade practices and
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A New Cyber Risk Every Manufacturing Business Needs to Be Prepared For

A New Cyber Risk Every Manufacturing Business Needs to Be Prepared For

Last updated on July 23rd, 2024While we have become accustomed to hearing about ransomware attacks where systems are shut down and/or data is held for ransom, there’s another risk to account for in your business continuity/crisis management plan, especially in today’s connected environment: when a software solutions provider is attacked
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What Every Manufacturer Should Know About the Noncompete Agreement Ban

What Every Manufacturer Should Know About the Noncompete Agreement Ban

Last updated on August 23rd, 2024The FTC’s Noncompete Ban Is NOT Moving Forward September 4 ***** UPDATE TO THIS ARTICLE:  Earlier this week, a Texas federal court set aside the Federal Trade Commission’s (FTC’s) proposed ban on noncompete agreements, scheduled to take effect nationwide in just over two weeks. Thanks
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Post April 15: Is It Time to Adjust Your Business Tax Strategy?

Post April 15: Is It Time to Adjust Your Business Tax Strategy?

Now that another tax season is wrapped up and the impact on your business is top of mind, consider taking some time to evaluate whether your tax strategy is supporting your business goals or whether you should consider making adjustments. (Even if you filed an extension for your 2023 tax
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AI and ML: What’s Really Happening in the SMB Manufacturing Space?

AI and ML: What’s Really Happening in the SMB Manufacturing Space?

This is not another article on how artificial intelligence (AI) and machine learning (ML) are transforming manufacturing. Day after day, your inbox and media feed are probably full of them. As is the case with many trending stories, it’s hard to tell what’s actually happening versus what’s expected to happen.
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Securing the Future: Effective Succession Strategies for Your Manufacturing Business

Securing the Future: Effective Succession Strategies for Your Manufacturing Business

Last updated on March 22nd, 2024In an ever-evolving business landscape, the importance of succession planning, particularly in manufacturing businesses, cannot be overstated. An unexpected or unplanned for departure of a key employee can be devastating to a company’s productivity, reputation, and business. Proactively protect what you’ve built by making succession
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Is Your Business Required to Collect and Pay Sales Taxes in Other States?

Is Your Business Required to Collect and Pay Sales Taxes in Other States?

One of the more challenging tax concepts business owners should understand, plan for, and address as part of their overall tax strategy is called nexus. In simplest terms, nexus defines when you must register to do business and pay sales and use taxes in a particular state (and, in some
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Map of Qualified Census Tracts (QCTs)

  • Move map to NY and scroll to zoom in
  • Under Map Options select “Color QCR Qualified Tracts”