The time to start is now
Our topic this month deals with tax planning and an organized approach to minimizing your tax bite as part of your CASH IS KING business practice. The is no doubt about it, the uncertain nature of our economy, inflation, and a lack of qualified personnel justify a tax avoidance policy to pay as little as possible. Being that your 2022 book results and therefore your tax results are somewhat in the “can” already, I plan to suggest...
Why your strategy isn’t working
Executives often spend months (sometimes years) putting together a strategy to grow their organization. However, these strategies are often abandoned, changed, or lose momentum within a year or less. Why? How is it that we spend so much time, money, resources, and effort in creating a strategy, which becomes proverbially obsolete once the rubber actually meets the road? Here are the top six reasons why it happens: Your strategy...
New rail report calls for more data before new rules
The Alliance for Innovation and Infrastructure (Aii) published its latest report Monday, The Safety Impact of Technology and Crew Size: An analysis of accident data, incorporation of technology, and train crew staff levels on rail safety trends. This report will also be submitted to the Federal Railroad Administration during the open comment period. Evaluating the potential benefit of a crew size mandate, the report finds that the...
Bye-bye Boss: Why good employees leave and what to do about it
“I can’t take it anymore! We’re short-staffed, I’m killing myself to hold it together, and nobody says thank you, so goodbye! Life is too short for this. I can work somewhere else.” “I was doing just fine working from home. Now they’re making us go back. Call me crazy but spending three hours in the car doesn’t excite me. I’m updating my resume this afternoon.” “I’m not passionate about this place. We’re all about stuff I don’t care...
Don’t fall for invoice fraud schemes
Middle-market businesses lose an average of almost $300,000 annually to invoice fraud, according to a recent survey by software company Medius and researcher Censuswide. Invoice fraud can be challenging to spot — and even more difficult to recover from — but your company can take steps to prevent it from happening. Common Types The most common type of invoice fraud is fraudulent billing. In billing schemes, a real or fake vendor sends...
Why you’re waiting longer for a forklift – and what to do about it
While the COVID-induced supply chain backlog is loosening up, not all warehouses have been able to return to normal – especially if they’re in the market for new materials handling equipment. Businesses looking to purchase new forklifts in particular are being quoted some eyebrow-raising lead times. Electric forklift lead times are running close to normal, about 35 weeks, but internal combustion forklifts, which would usually take...
Why employees don’t take ownership
I recently had a conversation with a C-suite leader of a company that has 6,000+ employees who were implementing a significant organizational structure change to build in more accountability and ownership across 50 interconnected departments. The goal was to create an umbrella team who would be in charge of ensuring there was more transparency and communication between each department. This layer would aggregate and disseminate...
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