President Trump’s “Liberation Day” announcement of global tariffs caught businesses, as well as foreign countries and worldwide financial markets, off guard. While the president has…
On April 1, 2025, the Financial Accounting Standards Board (FASB) released a staff educational paper to address questions surrounding how to apply revenue recognition guidance…
Preconstruction can make the difference between a project’s success or failure — and a contractor’s profit or loss. Although it’s helpful to consider as many…
They say there are two kinds of contractors these days: one that uses a drone and another with a drone on back order. It’s debatable…
Among the most common challenges of any long-term construction project are fluctuating job costs. However, variations in the cost of materials and labor over time…
For many companies, especially manufacturing firms, balancing inventory costs is vital to your company’s success, but it can also be a guessing game that is…
For many manufacturing companies in the late 1990s and early 2000s, the implementation of an Enterprise Resource Planning (ERP) system promised greater efficiency and effectiveness…
Vendor fraud can be a significant risk in the manufacturing sector, where companies rely on numerous third-party suppliers for raw materials, components and services. Deceptive…
The Trump administration is proposing and implementing a wide range of new policies at a rapid pace. Many could have significant repercussions for U.S. manufacturers.…
Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from…