Taking a Look at the Section 179 Deduction Carl Villella As the fiscal year draws to a close, it may be worth considering Section 179 to lower your tax burden for 2023. To refresh your memory, Section 179 allows a business to deduct the full purchase price of certain equipment for the year it was put in service. By deducting the full purchase... Read More December 2023 Issue #15293 Page 57
Better Than 10% Labor Savings Proven Method Endorsement By Scott Arquilla Todd Drummond For years, TDC has promoted the idea of using reliable estimated work minutes (R.E., S.U., Man-Minutes) for scheduling, pricing, and understanding true labor efficiencies. The most important aspect of properly developed work minutes is that you can create a short scheduling time standards... Read More November 2023 Issue #15292 Page 25
Are Current Interest Rates Affecting Business? Carl Villella Over the last few months, we’ve been adjusting the rates on our factor sheet upwards as the Fed continued to raise interest rates. The Fed has now raised its target rate to the highest level in 22 years, to 5.50%. Despite the higher rates, we have not seen the demand for funding slowing... Read More November 2023 Issue #15292 Page 61
ROI: Turn Your Largest COST (Lumber) into a Profit Driver Valerie Hansen Lumber is mission-critical to every component manufacturer (CM). On average, it represents two-thirds of your cost-of-goods (CoG), roughly half of the value of your product (Revenue – Pretax Profit). So, what are the market dynamics that surround the purchase of lumber? And how/why can CMs... Read More November 2023 Issue #15292 Page 72
Surprising Resilience Tempered By Lingering Pressures in Quarter 4 Lesko Financial Services Team As the Fourth Quarter got underway, there were strong signs that the U.S. economy remains resilient, despite stock market volatility and consumers beginning to express some wobbles in confidence. But the crisis in the Middle East, political divisiveness in the U.S., and chaotic developments... Read More November 2023 Issue #15292 Page 78
Why Your Local Bank May Not Be Your Best Option Carl Villella It’s easy to consider the bank down the block for your financing needs. After all, it’s close and you know the bank manager; it seems like you’re at the branch a lot dealing with the in’s and out’s of everyday business. But, is that bank always your best option for... Read More October 2023 Issue #15291 Page 77
Design Connections: Make Competition About More Than Price Geordie Secord A near certainty in the component business is that your customers will, to some extent at least, shop your price against your competition. Depending on the relationship history you have with your client, you may have the opportunity to match a lower price, but your competition will still be used... Read More October 2023 Issue #15291 Page 98
Grow Your Business with Low Upfront Costs Carl Villella Investing in new, or even used, equipment can be a game-changer, but the upfront costs can be daunting. Many vendors are requiring a 50% deposit with the order, even though lag times for delivery of the equipment can run up to nine months or longer. That means your cash outlay that could be used... Read More September 2023 Issue #15290 Page 81
Why Use a Broker? Carl Villella For many, the first thought that comes to mind when they hear the word “broker” is “middle man,” and extrapolating that into thinking that by using a middle man, the funding costs will be more expensive. It’s a false assumption. And it goes deeper than that. Some... Read More August 2023 Issue #15289 Page 66
Economic Resilience Despite Lingering Recession Fears Lesko Financial Services Team The U.S. economy started the second half of 2023 with a sense of resilience and more optimism than last year at this time. Inflation has been trending downward since its peak in June of 2022; the Federal Reserve hit the ‘pause’ button on interest rate hikes; the job market has been... Read More August 2023 Issue #15289 Page 72