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Maximizing Business Value: Essential Steps for Manufacturing and Distribution Companies Prior to Sale

Maximizing Business Value: Essential Steps for Manufacturing and Distribution Companies Prior to Sale

December 2, 2024

Pam Bustos

Preparing to sell your manufacturing or distribution business can feel like a full-time job—and for good reason. The outcome of the sale could impact your retirement plans, the livelihood of your employees, and the future of your management team. A well-planned approach to selling, merging, or acquiring your business is crucial, as it not only…

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Our Articles

Maximize Benefits of a Solo 401(k) for Solo Business Owners with No Employees

Maximize Benefits of a Solo 401(k) for Solo Business Owners with No Employees

November 27, 2024

As a business owner, you know you must plan for retirement, but who has time? Three things about that: 1) It does not take much time compared to the tax savings and value you will receive for doing it. 2) Contributing to your retirement is as important as managing your day-to-day operations, because you DO…

Key Figures 2024 & 2025

Key Figures 2024 & 2025

November 21, 2024

As we approach the end of the year, we want to provide you with essential tax planning figures for 2024 and a preview for 2025. If you need any further assistance or clarification, please do not hesitate to contact us. We are always happy to help you with your tax needs. Download PDF: 2024 – 2025…

401(k) plan audit

6 Reasons Why a 401(k) Plan Audit is Always Worthwhile

November 20, 2024

You might not have been due for a Department of Labor 401(k) audit in 2024—or even next year—but conducting an annual 401(k) plan audit ensures your retirement plans are fully compliant with DOL regulations. Get six other compelling reasons why regular 401(k) audits make sense: 1) Ensuring compliance with DOL regulations, 2) Upholding Fiduciary Responsibility,…

Exciting New Rules for Retirement Savings Happening in 2025 – The Super Catch-Up Contribution

Exciting New Rules for Retirement Savings Happening in 2025 – The Super Catch-Up Contribution

November 19, 2024

The Secure 2.0 Act is raising the catch-up contribution limit for workers, with the goal to make retirement more attainable.  Beginning in 2025, participants in 401K or other employer-provided qualified retirement plans who are age 60, 61, 62, or 63 by 12/31/25 can take advantage of the Super Catch-Up Contribution, which is $11,250 instead of…

Current Expected Credit Loss (CECL) Model

Understanding the Current Expected Credit Loss (CECL) Model: Key Changes and Impact

October 17, 2024

The Current Expected Credit Loss (CECL) model marks a significant change in how organizations account for receivables, loans, and other financial assets. Originally implemented for financial institutions, CECL now extends its impact across various industries that hold assets subject to credit risk. This proactive model emphasizes forward-looking estimates of potential credit losses, transforming how businesses…

Streamline Financial Reporting

Streamline Financial Reporting in Your Business with Workiva

October 10, 2024

Businesses must commit to strategic decision-making to survive today’s fast-paced business environment. The financial reporting feeding into those decisions demands timeliness and requires absolute accuracy. At the same time, companies need to ensure that their financial statements meet all regulatory requirements.  Automation with software like Workiva allows companies to use dependable internal financial reports while…

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