by Will Hinshaw, partner/founder,Captive Solutions & Options Insurance reporting is wrought with charts and graphs that document figures, percentages and acronyms that are difficult to understand in terms of cause and effect. Rarely do they drive clarity and action. However, those disparate reporting sources can be simplified to a single metric that links to what … [Read more...] about Health Benefits Costs: What is the Magic Number?
Financials
American Mold Builders Increase Salaries to Remain Competitive Amid Surging US Inflation
by Ian Gjertson, data analyst, AMBA The past two years presented critical challenges and obstructions for manufacturers, including a chaotic supply chain network, labor shortages, the unpredictable global pandemic and the highest United States inflation rate since June of 1982 (7%). The American Mold Builders Association (AMBA) recognizes that manufacturing professionals … [Read more...] about American Mold Builders Increase Salaries to Remain Competitive Amid Surging US Inflation
Top 5 Things to Know about No-cost Plant Assessments
by Liz Stevens, writer, The American Mold Builder The US Department of Energy, through its Industrial Assessment Centers (IACs), offers no-cost expert assessments to small- and medium-sized manufacturers. The assessments are conducted by teams at 31 universities around the US and result in reports with detailed recommendations. Here are the top five things to know about this … [Read more...] about Top 5 Things to Know about No-cost Plant Assessments
Five Places to be on the Lookout for Fraud
By Christina Solomon, CPA/CVV, CFE, CGMA and Michael J. Devereux II, CPA, CMP, Wipfli/Mueller Prost Fraud takes on many forms, resulting in substantial financial losses and exposing your company to undue risk. Fraud can be perpetrated by internal sources – those employees, managers and even owners who are implicitly trusted, yet this group historically has caused losses … [Read more...] about Five Places to be on the Lookout for Fraud
Quoting: A Business Improvement Process
By Hallie Forcinio, contributing writer, The American Mold Builder Successful quotes depend on good information and communication, but strategies behind responding to a request for quotation (RFQ) vary. Some companies respond to all requests, others are more selective. Accede Mold & Tool Co., Inc. (Rochester, New York) and Westfall Technik Inc. (Willernie, Minnesota) … [Read more...] about Quoting: A Business Improvement Process
Consolidated Appropriations Act Ushers in 2021 Tax Changes
By Michael J. Devereux II, CPA, CMP, Mueller Prost In December 2020, Former President Trump signed the Consolidated Appropriations Act, 2021 (CAA), ushering in several tax changes aimed at curbing the impact of the COVID-19 pandemic. Some of the changes build upon provisions passed in The Coronavirus Aid, Relief and Economic Security (CARES) Act, and others modify or extend … [Read more...] about Consolidated Appropriations Act Ushers in 2021 Tax Changes