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<title>RSM McGladrey : Perspective</title>
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<description>Perspective offers tax tips, news and information pertinent to the manufacturing and distribution industries. A quarterly publication, Perspective addresses the daily challenges facing manufacturers and distributors as well as strategic and long-term planning initiatives.</description>
<language>en-us</language>




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<title>Large Savings Through Optimizing Inventory</title>
<description><![CDATA[ (First Quarter 2010)  Companies can increase working capital by improving inventory practices. By improving one turn, a typical company can save hundreds of thousands of dollars. In the example below, ABC Company has a Cost of Goods Sold of $40M and may be able save over $500,000 annually by optimizing their inventory... ]]></description>
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<title>Sustainability in Manufacturing A Growing Trend</title>
<description><![CDATA[ (First Quarter 2010)  Sustainability in Manufacturing -A Growing Trend The United Nations World Commission on Environment and Development was created to address a growing concern about the accelerating deterioration of the human environment and natural resources and the consequences of that deterioration for... ]]></description>
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<title>Net Operating Loss (NOL) Carryback Change </title>
<description><![CDATA[ (First Quarter 2010)  Net Operating Loss (NOL)Carryback Change On Nov. 6, 2009, President Obama signed The Worker, Homeownership and Business Assistance Act of 2009, which included provisions that extend the net operating loss (NOL) carryback period to five years for taxpayers incurring losses in tax years ending after... ]]></description>
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<title>Fourth Quarter 2009 Perspective Poll Results</title>
<description><![CDATA[ (First Quarter 2010)  Poll Results In the issue of we included our first polling question on how the current economic conditions has affected your company within the current lending environment. The feedback provided great insight on the impact of the current economic climate on company financing. Over half of our... ]]></description>
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<title>Current Lending Environment for Manufacturers </title>
<description><![CDATA[ (Fourth Quarter 2009)  Today&#8217;s lending environment remains challenged; leaving many manufacturers struggling to finance capital needs from current cash flows. The future is starting to appear brighter as analysts&#8217; claims that the recession is ending, or already over, begin to be reported. However, the credit... ]]></description>
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<title>Workforce Skill Shortages Continue</title>
<description><![CDATA[ (Fourth Quarter 2009)  Employment LevelsUnemployment has climbed sharply throughout this recession. Twice as many survey respondents to the 2009 RSM McGladrey Manufacturing and Wholesale Distribution National Survey (52 percent) plan reductions in their U.S. workforces in 2009 as did in 2008.The outlook for 2010 appears... ]]></description>
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<title>Can Your Operations be any Leaner</title>
<description><![CDATA[ (Fourth Quarter 2009)  ? In this current economy, many manufacturers have needed to make their operations leaner. Most have done this by redesigning the assembly line, implementing JIT or creating quality teams to reduce defect. Just when it seems like all steps toward being lean have been taken, the economy forces you... ]]></description>
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<title>How Small to Medium-Sized Businesses Supply Chains Are Changing</title>
<description><![CDATA[ (Third Quarter 2009)  How SMB Supply Chains Are Changing Ninety-Eight percent of all manufacturing plants in the U.S. are small to medium-sized businesses (SMBs). In the last several years, SMBs have moved away from vertical integration to a horizontal organization. Consequently, SMBs control a smaller portion of the... ]]></description>
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<title>Managing Compensation and Human Capital Investment in an Uncertain Economy</title>
<description><![CDATA[ (Third Quarter 2009)  The current economic situation in the United States is being compared to the stagflation of the &#8217;70s, the deep recession of the early &#8217;80s and lately to the Great Depression of the &#8217;30s. The biggest question everyone is asking is, &#8219;How long before we will begin to... ]]></description>
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<title>Reading the Fine Print: What Borrowers Need to Know About Loan Agreements in the New Recession</title>
<description><![CDATA[ (Third Quarter 2009)  The economic free fall that U.S. businesses are experiencing traces its roots back to 2007, when the enormous failure of the markets for subprime mortgages and mortgage-backed securities triggered a collapse in the global credit markets. As a result of this worldwide distress, one of the largest... ]]></description>
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<title>RSM McGladrey 2009 Manufacturing and Wholesale Distribution Survey - Interim Report</title>
<description><![CDATA[ (Third Quarter 2009)  RSM McGladrey&#8217;s 2009 Manufacturing and Wholesale Distribution (MWD) National Survey was conducted between March 11 and April 13, 2009 Following are some initial insights into the survey&#8217;s major findings. The survey analysis includes the results of 923 executives and managers of... ]]></description>
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<title>5 steps for managing your company  during turbulent economic times</title>
<description><![CDATA[ (Second Quarter 2009)  5 steps for managing your company during turbulent economic times The effects of the current turmoil in the global financial system will be felt for years to come. Initially the fallout affected primarily companies in the mortgage and financial services industries, but it is now touching the lives... ]]></description>
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<title>401(k) Challenges in Troubled Economic Times</title>
<description><![CDATA[ (Second Quarter 2009)  In these troubled economic times, it is vital that companies pay close attention to the proper operation of sponsored 401(k) plans. The need for close attention to the plan is especially important now because troubled economic times and difficult investment markets are affecting almost all 401(k)... ]]></description>
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<title>Significant changes created by  Statement 141R</title>
<description><![CDATA[ (Second Quarter 2009)  Significant changes created by Statement 141R As a result of a recently issued standard by the Financial Accounting Standards Board (FASB)-FASB Statement No. 141 (revised 2007), Business Combinations-a number of changes may give acquiring businesses more than they bargained for, if they close the... ]]></description>
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<title>Six steps manufacturing companies should consider in the downturn</title>
<description><![CDATA[ (Fourth Quarter 2008)  The current economic climate has significantly affected the manufacturing sector. The building material and transportation industry segments were the first to slow starting in late 2006. As consumers started pulling back spending, the deterioration in those two segments continued and started to... ]]></description>
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<title>Loan covenant compliance a key issue for manufacturers this year</title>
<description><![CDATA[ (Fourth Quarter 2008)  It is no secret that the credit market is tough right now. One way to make it even tougher is to fall out of compliance with your loan covenants. These covenants - conditions that lenders place on the borrower in order for the borrower to meet the terms and conditions of the loan - can include... ]]></description>
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<title>Technology critical to success of U.S. Manufacturing/Wholesale Distribution companies</title>
<description><![CDATA[ (Fourth Quarter 2008)  As the economy slumps, information technology (IT) spending is projected to fall, even as concern over risk and security rises. In a recent study released by RSM McGladrey, executives of U.S. manufacturing and wholesale distribution companies reported that IT is of increasing importance - and... ]]></description>
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<title>Tough economy changes M&amp;amp;A picture and creates due diligence challenges</title>
<description><![CDATA[ (Third Quarter 2008)  Tough economy changes M&amp;amp;A picture and creates due diligence challenges Mergers and acquisitions are in limbo waiting to see what happens as the $700 billion from the Emergency Economic Stabilization Act works its way into the financial system/p&amp;gt; In a troubled economy, though,... ]]></description>
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<title>Recent surveys track energy cost concerns</title>
<description><![CDATA[ (Third Quarter 2008)  In July 2008, RSM McGladrey conducted an energy survey as a follow up to the 2008 RSM McGladrey Manufacturing and Wholesale Distribution survey, conducted in April The new survey polled the same respondents concerning expected cost increases in energy, raw materials and transportation. A majority... ]]></description>
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<title>The R&amp;amp;D tax credit is back, but still underutilized by manufacturers</title>
<description><![CDATA[ (Third Quarter 2008)  The R&amp;amp;D tax credit is back, but still underutilized by manufacturers In the current difficult economy, manufacturers cannot afford to leave money on the table. Yet, when it comes to the Research and Development tax credit (R&amp;amp;D credit), that is exactly what many manufacturers are... ]]></description>
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<title>How an innovation strategy leads to SMMs advances and growth in the global marketplace</title>
<description><![CDATA[ (Second Quarter 2008)  Small and midsized manufacturers (SMMs) are a driving force in our nation's economy. They represent more than 99 percent of the U.S. manufacturing industry and account for 40 percent of U.S. production value. Although faced with mounting evidence of an economic slowdown and strained credit market... ]]></description>
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<title>Ways to improve your company's position during turbulent times</title>
<description><![CDATA[ (Second Quarter 2008)  The U.S. economy is currently experiencing one of its most turbulent stretches in recent memory.With many obstacles to the MWD industry - $100+ a barrel oil, a fragile dollar, reduced consumer confidence and stock market instability - it has become particularly challenging for many businesses to... ]]></description>
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<title>Small and medium sized business supply chains: How are they different?</title>
<description><![CDATA[ (Second Quarter 2008)  With the world continuing to become an increasingly global and competitive marketplace, the focus on supply chains will undoubtedly continue to rise in importance in the future. Often, the companies that dominate supply chains are Fortune 500 companies that have been responsible for many of the... ]]></description>
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<title>VAT refund changes reflect evolving Chinese market</title>
<description><![CDATA[ (First Quarter 2008)  In order to slow the growth of the People?s Republic of China?s (China) excessive trade surplus and to address concerns associated with goods that involve high natural resource consumption and high pollution, the nation has made significant changes to their export value added tax (VAT) refund... ]]></description>
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<title>Tax Tips: What impact will the Mexican Tax Reform Act have on your company?</title>
<description><![CDATA[ (First Quarter 2008)  The Mexican government enacted sweeping tax changes in the Tax Reform Act, which went into effect Jan. 1, 2008. This reform created a new tax called the "flat rate business tax" (impuesto empresarial a tasa unica) or "IETU." If your company does business in Mexico , be aware that this legislation... ]]></description>
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<title>Manufacturing impact of the renewable fuel boom</title>
<description><![CDATA[ (Third Quarter 2007)  Subsequent to President Bush's 2005 State of the Union Address and the Energy Policy Act of 2005 - which set an aggressive renewable fuel standard - ethanol plants are being built left and right. Conservative rural investors, private equity firms and even Wall Street have taken notice. According... ]]></description>
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<title>Reward strategies to attract and retain top talent</title>
<description><![CDATA[ (Third Quarter 2007)  With the retirement of baby boomers, shifting attitudes of younger workers and increasing dominance of women in the workforce - coupled with the potential labor shortage - companies today face escalating demands to better attract, retain and develop high-potential and high-performing talent.... ]]></description>
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<title>The results are in - how do you compare?</title>
<description><![CDATA[ (Third Quarter 2007)  Find out in RSM McGladrey?s MWD survey report This past spring, RSM McGladrey conducted its second annual nationwide survey of the manufacturing and wholesale distribution industry. Over 940 industry executives responded, providing compelling insights into what your peers are thinking about and... ]]></description>
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<title>Managing your auto supplier customer: Know the law and your bargaining power</title>
<description><![CDATA[ (Second Quarter 2007)  It?s no news that cash is in short supply for auto parts manufacturers. The major auto suppliers that make up your customer base are in severe financial distress - many are already operating under Chapter 11 protection. When your customer is troubled, approaching Chapter 11 or already operating... ]]></description>
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<title>Tax tips: It's never too soon for succession planning</title>
<description><![CDATA[ (Second Quarter 2007)  You're in your mid-50s and in excellent health. You're also managing a successful business. Do you need to think about succession planning? Wise business owners undertake succession planning early. Allowing plenty of time for planning provides room to make decisions about goals and helps ensure... ]]></description>
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<title>Hot private equity market offers opportunities for manufacturing company owners</title>
<description><![CDATA[ (Second Quarter 2007)  For closely held manufacturers looking to finance growth, while controlling personal risk by diversifying their net worth, recapitalization through a private equity group (PEG) is an increasingly attractive option. Why? There?s a lot of private equity capital available. PEGs have gone from closing... ]]></description>
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<title>Why manufacturers need to export</title>
<description><![CDATA[ (First Quarter 2007)  When manufacturing businesses start up, they tend to concentrate sales efforts in known markets based on known users of their products and known distributors and sales territories. As they grow, they often overlook profitable sales opportunities outside of the United States. The... ]]></description>
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<title>Tax tips: Research and development tax credit extended through 2007</title>
<description><![CDATA[ (First Quarter 2007)  Congress recently revived a research and development tax credit that will deliver an estimated $16 billion in savings to U.S. businesses over the next decade. The latest extension to the 25-year-old R&amp;amp;D credit was made retroactive to Jan. 1, 2006. The credit will expire on Dec. 31, 2007.... ]]></description>
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<title>Four ways to effectively manage health benefits costs</title>
<description><![CDATA[ (First Quarter 2007)  Four ways to effectively manage health benefits cost Employers continue to face mounting health benefit costs ?? and are looking for ways to manage them. Although there is no single answer, many companies combine the following solutions to provide quality health benefits while controlling costs.... ]]></description>
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