Thoughts from Our Managing Partner and Other M&S Thought Leaders
June 13, 2019
Each day we are faced with choices: paper or plastic, chocolate or vanilla, regular or decaf. For businesses, a common conundrum is buy or lease. You’ve probably faced this decision when considering office space or a location for your company’s production facilities. But the buy vs. lease quandary also comes into play with equipment. Pride of ownership Some business owners approach buying...
June 11, 2019
If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. For example, nowehre does the Code explicitly state that you can deduct office supplies and certain other expenses. Some expenses are detailed in the tax code, but the general rule is contained in the first sentence of Section 162, which...
June 06, 2019
Standard cost accounting doesn’t necessarily work for lean operations. A simplified reporting alternative that generates more timely, relevant financial data, lean accounting could be the answer for you. But it’s not right for every situation. What’s lean manufacturing? Lean manufacturers strive for continuous improvement and elimination of non-value-added activities. Rather than scheduling...
June 04, 2019
Estate planning isn’t just about what happens to your assets after you die; more importantly, its about protecting yourself and your loved ones. This includes having a plan for making critical medical decisions in the event you’re unable to make them yourself. And, as with other aspects of your estate plan, the time to act is now, while you’re healthy. If an illness or injury renders you...
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Submitted by admin on Wed, 2017-06-21 09:20