Michigan Manufacturers: Talent Funding
Posted by Jim Biehl on October 21, 2021
In talking with manufacturers, we know that talent is a top issue. If you’re a manufacturer in Michigan seeking assistance with talent retention, you don’t want to miss out on applying for the Going PRO Talent Fund. This fund is designed to help employers with training, developing and retaining employees.
Emerging Tech for Manufacturing: Reduce Risks with Cybersecurity
Posted by Jim Biehl and Elly Mioduszewski on August 30, 2021
For many manufacturers, there’s nothing worse than realizing your security has been breached. Whether it is ransomware, spyware, phishing, or an unintended data breach, manufacturing’s growing dependence on technology also leaves it vulnerable to technology-based attacks.
Emerging Tech for Manufacturing: Building Blocks of Blockchain
Posted by Jim Biehl and Elly Mioduszewski on July 27, 2021
Along with the health and safety of its people, there may not be anything more important to a manufacturer than the security of its information. For many companies, blockchain ledger is required to create an audit trail for all transactions within a supply chain.
Emerging Tech for Manufacturing: RPA & the Human Workforce
Posted by Jim Biehl and Elly Mioduszewski on June 29, 2021
Many of today’s manufacturing jobs include repetitive tasks that could pull qualified talent away from more essential responsibilities. Learn how RPA can emulate the actions of a human workforce and automate specific business processes to work in concert with people.
AI and the Next Wave of Manufacturing Tech
Posted by Jim Biehl and Elly Mioduszewski on May 25, 2021
Whether visualizing a task from point A to point B, making a decision based on prior experiences, or interpreting data to do something more efficiently, AI can help your manufacturing facility by removing human error and maximizing human talent.
ERP Systems: Manufacturing’s Next Gen Tech
Posted by Jim Biehl and Elly Mioduszewski on April 27, 2021
Manufacturers have always sought the most efficient method for communicating across departments. Learn about the benefits of Enterprise Resource Planning (ERP) systems and important questions to ask when implementing an ERP system.
5 Emerging Technologies for Manufacturing
Posted by Jim Biehl and Elly Mioduszewski on March 30, 2021
Learn about the fast-growing technologies impacting manufacturers today. Each could be a benefit to how your business produces a product, connects with new customers, secures its data or communicates internally and externally.
Do You Qualify for Employee Retention Tax Credit Refunds?
Posted by Jim Biehl on January 27, 2021
PPP loan recipients can claim the ERC for eligible wages that were not paid for with PPP forgiven loans. The change is retroactive to March 2020 and means certain businesses should immediately claim refunds. Learn more about the qualification requirements and cash benefits.
PPP Loan Round 2 – Should You Apply?
Posted by Jim Biehl on January 14, 2021
A new round of PPP loans was ushered in with the passage of the Economic Aid Act on December 27, 2020. In addition to the 2nd draw loans, eligible businesses that did not receive a PPP loan in the first round of funding have an opportunity to apply for a PPP loan.
Inventory Optimization Creates Expanded Working Capital
Posted by Jim Biehl on December 14, 2020
Many businesses were caught off guard by the COVID-19 pandemic. Stay-at-home orders and mandatory business closures created significant operational challenges.
Financial Tips for Managing the COVID-19 Fallout
Posted by Jim Biehl on November 19, 2020
COVID-19 has had a significant impact on Michigan manufacturing, forcing many to shift strategies to cope under crisis. Here are some financial tips for managing the ongoing COVID-19 fallout.
MMA October: COVID-19 Financial Tips
Posted by Jim Biehl on October 19, 2020
COVID-19 has had a significant impact on Michigan manufacturing, forcing many to shift strategies to cope under crisis. Shareholder Jim Biehl shares financial tips for managing the ongoing COVID-19 fallout in the October issue of the Michigan Manufacturers Association (MiMfg) magazine.
Navigating Global Trade During a Worldwide Pandemic
Posted by Jim Biehl on September 28, 2020
When COVID-19 emerged, global trade was brought to a standstill. Today, the global economy has slowly begun to recover, but in order to maintain trade functions that supply goods to the world, companies must adapt to the “new normal.”
COVID-19 Cash Flow Planning
Posted by Jim Biehl on July 20, 2020
The COVID-19 pandemic caught many businesses by surprise. Beyond just health concerns, the combination of forced business closures, stay-at home-orders, and general fear about transmission created an unforeseen economic situation.
New Survey Findings Reveal the Impact of COVID-19 on Manufacturers
Posted by Jim Biehl on June 2, 2020
COVID-19 has profoundly impacted business. The combination of stay-at-home orders, forced business closures and fear of virus transmission meant some businesses had to cease operations entirely while others were tasked with challenging modifications to comply with state and local regulations.
To “C” or not to “C”? That is the Question
Posted by Jim Biehl on March 17, 2020
Whether it is nobler in the mind to suffer the higher effective tax rates as a flow-through entity, while maintaining optimum future planning flexibility, or elect to convert your flow-through entity to be taxed as a C corporation, and by doing so realize the immediate and delicious 21% “permanent” C corporation tax rate?
Demystifying the Financial Statement
Posted by Jim Biehl on February 12, 2020
Owners spend years amassing the knowledge and experience necessary to become masters at their craft. Passion for the work and the satisfaction of helping clients is what drives them – not necessarily administrative tasks like financial accounting and reporting.
I Bought the Building, So Now What?
Posted by Jim Biehl on August 15, 2019
Many business owners “do the math” and determine that it makes financial sense to buy the building(s) in which they operate the business, instead of continuing to rent. Generally the analysis they perform to make this decision is focused on real estate prices, current rental and interest rates, and the desire to build equity in the investment.
The Secret to Longevity in Business
Posted by Jim Biehl on February 6, 2019
Have you ever wondered how some companies last for generations while others fade into obsolescence? In the firm’s long history of working with closely-held businesses, …
Top 5 Questions about Sales & Use Tax
Posted by Jim Biehl on August 26, 2014
1. Do I have to charge sales tax on my sales to customers in my home state? Individuals or businesses that sell tangible personal property …
Top 5 Questions on State Income Tax Nexus
Posted by Jim Biehl on August 5, 2014
As companies expand and begin to sell, deliver, and/or maintain products in multiple states, there are tax impacts that need to be researched …
Sales Tax – Evolving Nexus Standards
Posted by Jim Biehl on June 24, 2014
Almost all 50 states have a type of sales tax. This tax often helps fund vital projects such as roads, police, …