Author Archives: Jon Shoop, CPA

Benchmarking – 5 Strategies to Help You Keep Score Against Yourself and the Competition

Few manufacturing and distribution businesses really execute proper benchmarking – internal or external – despite its many benefits.

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Buying vs. Leasing Large Equipment in the Manufacturing Industry

Your manufacturing business will likely face the decision of buying versus leasing manufacturing equipment. So which should you pick?

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Finding Gold in Logistics

For private equity firms, outside help can be instrumental in boosting the financial value of portfolio companies to get a greater return when those companies are sold.

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Leverage Your Connections

When it comes to business networking, we all know the tried-and-true approaches, from structured networking events and social gatherings to online resources such as LinkedIn. But did you ever consider that your business advisor may actually be one of your most valuable networking assets?

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The Value of a Cost Study to a Manufacturer’s Bottom Line

Costing is an essential process that allows a company to carefully track how money is being spent over the course of production and distribution. Manufacturing cost accounting covers several tasks that have an effect on production and the value of inventory, both of which can have great impact on the profits of your business, as well as bring it in compliance with applicable accounting standards.

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Winning the Battle for Talent in Manufacturing

A strong manufacturing industry is critical to advancing and maintaining our nation’s economic health. Investments in manufacturing have a strong ripple effect for all sectors. In fact, according to the National Association of Manufacturers, for every 100 jobs in a manufacturing facility, an additional 250 jobs are created in other sectors. So, what happens when there is a great divide between the skills of available workers and those demanded by manufactures?

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President Obama Pledges $500M Investment in Manufacturing Initiatives

President Obama chose Cleveland as a backdrop to announce three new manufacturing initiatives that total $500 million in public/private investments. During yesterday’s visit, the president stressed the role manufacturing plays in the vitality of our economy. During his comments at the City Club of Cleveland and at a visit to MAGNET, the manufacturing incubator at […]

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Does Your Business Qualify for the Tangible Property Tax Deduction?

By now you’ve likely heard about the Tangible Property Final Regulations issued by the IRS in 2013.  Although these regulations have been plastered all over the web for the past few months, this topic is still hot because this is the first tax filing season where these new regulations matter. Now that we’re in the […]

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Investment Support for Ohio Manufacturers

Part 5 of Jim Sacher’s 12 Great Ideas for Tax Savings series  – Guest author Jon Shoop With the economy on the upswing, many Ohio manufacturers are considering opportunities to grow their businesses and increase staff size. Ohio’s Development Services Agency made it easier on these manufacturers to grow by developing the InvestOhio program, creating a […]

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Alternative Financing Sources for Business and Real Estate Owners

As business and real estate owners and officers navigate financing avenues to help support growth or expansion of their business, traditional lending isn’t the only option.  On Thursday May 9th, 2013 I attended the Alternative Financing Forum sponsored by PNC and Buckley King.  The forum was driven by three separate stake-holders in the greater Cleveland […]

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