By Tom Wojcinski, principal, and Michael J. Devereux II, CPA, CMP, partner, Wipfli Is there anything a manufacturer can do to ensure its operations are not hacked? Unfortunately, there is no way that’s possible, especially in today’s connected manufacturing environment. Even if a printer or print finisher disconnected everything from the internet, it still could be the victim … [Read more...] about Protecting Print Businesses from Digital Disruption
Financial Strategy
CARES Act Provides Relief to Print Finishers
By Michael J. Devereux II, CPA, CMP, Mueller Prost On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act – the largest relief package ever passed by Congress almost three times over – was signed into law, thereby ushering in a host of new lending and tax provisions available to print finishers. The CARES Act made several taxpayer-favorable changes … [Read more...] about CARES Act Provides Relief to Print Finishers
Year-end Tax Planning Opportunities
By Michael J. Devereux II, CPA, CMP The Tax Cuts and Jobs Act of 2017 (Tax Reform) ushered in a host of new tax laws and incentives, and every finisher now has filed at least one tax return under the new tax regime. Many found new ways to defer or permanently reduce their tax bills, whether that be from enhanced expensing, larger tax credits or deferral of revenue to the 2019 … [Read more...] about Year-end Tax Planning Opportunities
Can You Help Employees Save (Or Save More)?
By Joseph P. Trybula, CFP®, AIF® Printers 401K How realistic are employees about the true state of their retirement savings? While many among the three primary generations – millennials, Generation X and baby boomers – that make up today’s workforce are feeling pretty good about the future, all three may be seeing things a little optimistically. Even if their vision is a … [Read more...] about Can You Help Employees Save (Or Save More)?
Evaluate Your Company’s 401(k) for Optimal Success
by Joseph P. Trybula, CFP®, AIF Printers 401k Employers face a daunting challenge: attracting and retaining the right talent necessary to drive their businesses forward. At the same time, they likely feel a responsibility to help employees reach retirement financially prepared. A 401(k) plan can help manage both of these goals. Keeping an eye on the latest trends and … [Read more...] about Evaluate Your Company’s 401(k) for Optimal Success
Five Money Rules to Live By
by Joseph P. Trybula, CFP®, AIF®, Diversified Financial Advisors It's not simply a matter of working harder; it's much more about using your non-financial skills and talents in new ways to bring you prosperity and a greater sense of personal satisfaction. Here are five tips to follow when seeking balance in your finances. 1. Access to money is not evenly distributed. Take … [Read more...] about Five Money Rules to Live By
When an Employee Retires Matters to Them and to Employers
by Joseph P. Trybula, CFP®, AIF®, Diversified Financial Advisors Americans pride themselves on making their own decisions, and when to retire is an important one. But it takes money to retire, and the shift away from traditional pension plans leaves many Americans ill-prepared to retire when they want to. Employees who struggle with their finances find it challenging to save … [Read more...] about When an Employee Retires Matters to Them and to Employers
Top 5 Reasons to Invest in New Machinery
by Brittany Willes, contributing editor, PostPress You may know the saying "Time Wounds All" – and that especially includes equipment. Even machines that are well-maintained and cared for are subject to the ravages of time and eventually need to be replaced. As inconvenient – and often expensive – as it can be to invest in new machinery, there are several very good reasons for … [Read more...] about Top 5 Reasons to Invest in New Machinery
Job Costing – Using Data Collection to Determine Estimated vs. Actual Profits
by Mark Porter, president, Dienamic MIS Software, Inc. In any business, knowing costs is important. After all, isn't the mathematical formula Profit = Sales - Costs? If companies don't know their costs, how can they know their profits? Sure, at the end of the year anyone can say "I made money" or "I lost money," but when businesses control costs and use cost data to make … [Read more...] about Job Costing – Using Data Collection to Determine Estimated vs. Actual Profits
Choosing Investments in Your 401(k)
By Joseph P. Trybula, CFP®, AIF®, Diversified Financial Advisors When you participate in a 401(k) plan at work, you are typically responsible for choosing investments in your plan from a range of stocks, bonds and mutual funds selected by your employer. Here are five helpful tips to do that: Pay attention to investment returns. Most plans only offer funds that have a … [Read more...] about Choosing Investments in Your 401(k)