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Industrial Robotics Editorials

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Considerations When Expanding Outside the U.S.

POSTED: 01/15/2020

Succeeding in global markets requires significant time, energy and resources on the part of business owners and decision-makers. Here are the top 10 questions we encounter when a business is expanding globally Establishing a subsidiary outside the U.S. presents tremendous opportunities and benefits. Succeeding in global markets requires significant time, energy

5 Considerations for Finding the Right CPA

POSTED: 01/07/2020

Whether you are handling business or personal finances, having a Certified Public Accountant (CPA) as your advocate is priceless. The right CPA can help you and your business move toward financial success and uncover areas of financial improvement. Here are the top 5 considerations when finding the right CPA for

Be on the Lookout for R&D Tax Credit Changes

POSTED: 12/30/2019

As the end of another calendar year approaches many companies are beginning to shift their focus to year-end planning.  As the dust continues to settle on the changes implemented under the Tax Cuts and Jobs Act (TCJA) most taxpayers have familiarized themselves with the new tax landscape.  However, there is

Maximizing the Tax Benefit of Charitable Giving

POSTED: 12/10/2019

With the tax law changes that became effective in 2018, the average person has potentially lost the benefit of their charitable contributions.  However, there are several very straightforward options that you may be able to take advantage of. Before discussing the options, let’s take a quick look at what has caused

Considering Expanding to Mexico? Learn the Impacts of Taxes and Personnel Expenses

POSTED: 12/03/2019

In our previous updates, we’ve reviewed two main types of taxes and related costs which may influence timing when expanding to Mexico.  These include: All the taxes related to the fixed assets needed for the operation Taxes which will be present in the day-to-day Mexican operations Let’s examine the taxes that are part

Industry 4.0: It’s Not Just for Manufacturers!

POSTED: 11/25/2019

The term Industry 4.0 conjures up images of the high tech factories filled with connected robots performing work previously performed by people.  However, the technologies that are enabling this transformation are not just confined to the plant floor. They are being used throughout organizations to drive efficiency and improve operational

Doing Business in the US: Challenges and Experiences of European Companies

POSTED: 11/07/2019

European companies open branches in the United States for a host of reasons. For starters, the US gives these businesses a completely new base of customers; a chance to step out from the almost saturated European market and stand out from the crowd. Secondly, there are many government incentives in

Revenue Recognition Changes for Professional Service Companies

POSTED: 10/22/2019

It’s here! The Financial Accounting Standards Board’s (FASB) new revenue recognition standard, ASC 606, is now in effect for private companies with annual reporting periods beginning after December 15, 2018. While many professional service companies have completed their analyses and made updates to track data in accordance with the new standard, some are

I Bought the Building, So Now What?

POSTED: 08/22/2019

Many business owners “do the math” and determine that it makes financial sense to buy the building(s) in which they operate the business, instead of continuing to rent.  Generally the analysis they perform to make this decision is focused on real estate prices, current rental and interest rates, and the

Benefit for Exports: Foreign Derived Intangible Income Deduction

POSTED: 07/16/2019

The 2017 Tax Cuts and Jobs Act (TCJA) has made C-Corporation status much more attractive to business owners, and the 21% flat tax rate has caused many to consider whether converting to a C-Corporation may be worth the switch. For some, however, the administrative burdens that come with incorporating don’t

Are You at Risk of OSHA Citations for Robot Safety?

POSTED: 03/12/2019

Robots have been a part of the industrial landscape for decades. As the world of industrial automation progresses, the number of employees and robots working in close quarters with each other continues to grow. With the increase in automation and the use of mobile and industrial robots, regulations are being

Risk Assessment Methodology for Robots and Other Machines

POSTED: 03/12/2019

Assessing risk has always played a vital role in the development and implementation of industrial machinery. Industrial robots, in particular, and other machinery are evolving, and therefore so are the needs and regulatory requirements for the identification and understanding of the risks involved in working with these machines. Thanks to

The Complete Business Year-End Checklist

POSTED: 11/26/2018

November is usually the month where businesses big and small are mobilizing in their effort to tie up loose ends and prepare for the new year with a business year-end checklist. December is crunch time, and the more room to operate you leave your business before year-end, the better. Finish

EDI And How It Benefits Businesses Of Every Size

POSTED: 09/25/2018

EDI, Electronic Data Interchange, is defined by the National Institute of Standards and Technology as, "the computer-to-computer interchange of strictly formatted messages that represent documents other than monetary instruments. EDI implies a sequence of messages between two parties, either of whom may serve as originator or recipient. The formatted data

Industry 4.0 is the 21st Century Global Battlefield - America Could Lose

POSTED: 09/25/2018

The U. S. economy drives the world and the dollar is the global currency.  Its free market economic system has been adopted globally as has its democratic system of government.  Our institutions of higher education are magnets drawing the best and brightest to our shores, many of whom have remained


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