Contractors often use sophisticated digital technology to participate in project design, communicate with project partners and conduct daily operations. While these electronic tools can improve collaboration and streamline the building process, they may also expose you to perhaps unfamiliar liabilities.
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Topics: Construction, construction industry, financial statement audit, Uncategorized
Many people start construction businesses because they want to control their own destinies. They’re willing to work hard and put in long hours, knowing their efforts will directly influence their companies’ success and their own financial rewards. Some are inspired and mentored by business owners they’d worked for earlier; others go out on their own to escape incompetent or oppressive managers.
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Topics: Advisory, Construction, development, leadership, Uncategorized
Nonprofit organizations rely on their board members for a variety of reasons. Board members support the mission of their affiliated organization in many ways, but they also play two key - and somewhat different - roles: support and governance. Michela Perrone, PhD, President of MMP Associates believes when it comes to support and governance board members must wear two different hats.
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Topics: Board Governance, Atlanta, Nonprofits, Uncategorized
New orders and production components drove an impressive surge in Georgia’s manufacturing activity, ratcheting the PMI to 60.0 over last month’s 53.5. This increase mirrors that in the Southeast and National PMI numbers and keeps in place the economic expansion for the 90th consecutive month.
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Topics: manufacturing, Uncategorized
Private equity firms continue to exert influence on manufacturers’ global supply chains. There are a number of lucrative opportunities to create efficiencies and reduce operating costs along the entire supply chain, such as the impact of tax and duty on the bottom line.
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Topics: manufacturing, private equity, Uncategorized
The manufacturing sector is in the midst of another major transformation. The confluence of several technology megatrends maturing at the same time—including, among others, Big Data and advanced analytics, robotics and automation, artificial intelligence and virtual reality—is heralding the fourth industrial revolution, known colloquially as Industry 4.0.
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Topics: technology, manufacturing, manufacturing industry, Uncategorized
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Could your company’s benefits package use a bit of an upgrade? If so, one idea to consider is adding an option for employees to convert their regular 401(k)s to Roth 401(k)s.
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Topics: undefined, financial planning, Uncategorized
For many of today’s companies, going global seems like a quick and trouble-free growth strategy. Technological advances and expansive supply chains make doing so easier than ever. But business owners who make this move impetuously may soon find themselves on stormy seas, taking on waves of debt and unanticipated expenses.
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Topics: Uncategorized
As the year winds down, business owners have a lot to think about. One item that you should keep top of mind is next year’s budget. A well-conceived budget can go a long way toward keeping expenses in line and cash flow strong. The question is: Where to begin? Well, to answer this question, we don’t have just one suggestion — we have three:
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Topics: Budgeting, Balance, Financials, Uncategorized
Good news for wealthy taxpayers who seek to avoid the 40% federal estate tax: The IRS has announced an increase in the estate and gift tax exemption for 2017, to $5.49 million per individual, up from $5.45 million in 2016.
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Topics: estate planning, gift tax, Tax, Uncategorized