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Andrea Brady

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Understanding Financial Statements: How Privately-Held Business Owners Can Benefit

Posted by Andrea Brady on Thu, May 16, 2019

Many privately-held business owners think putting together financial statements is busywork.  You have a business to run, so can’t your accountant just whip up what you need and send it off wherever it needs to go?  In theory, yes they could do that. 

But the most forward looking business owners understand that doing the numbers isn’t just perfunctory.  Your financial statements tell very specific stories about your business.  Gold has value because of its beauty and rarity.  Your business has value because of its profitability, cash flow and potential for future wealth. 

The value of your company is communicated through its financial statements.  And reading financials can be very frustrating if you don’t know what you’re looking at.

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Topics: Business consulting

Certified Exit Planning Advisor: Factors of a Successful Business Sale

Posted by Andrea Brady on Tue, Apr 9, 2019

Certified Exit Planning Advisor Andrea Brady, a shareholder with Concannon Miller, was quoted in a recent Lehigh Valley Business article about the factors at stake in a successful business sale. Check out her insight and advice below:

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Topics: Succession planning

Nonprofits: Track Unrelated Business Income to Avoid Tax Surprises

Posted by Andrea Brady on Tue, Mar 12, 2019

Taxes generally aren’t a top business concern for nonprofits, but if your organization has unrelated business income, it’s an issue even tax-exempt organizations have to keep track of.

What’s unrelated business? It involves a trade or business regularly carried on (including seasonally) by an organization, which isn't substantially related to the exercise or performance of its exempt purpose or function.

It’s an issue that’s been the subject of tax pursuits and even a lawsuit in Allentown. The city has recently started seeking business privilege taxes on nonprofit organizations’ profit generating activities. Good Shepherd Rehabilitation Network filed a lawsuit against the city about the tax pursuit.

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Topics: Nonprofit Organizations

Lean Business, Accounting Processes to Gain Capacity (Video)

Posted by Andrea Brady on Thu, Jan 3, 2019

Lean experts with accounting experience can help improve internal controls and identify where companies are losing money through inefficiencies.

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Topics: Business consulting

Manufacturers: What to Look for in a CPA (Video)

Posted by Andrea Brady on Tue, Jul 3, 2018

There are many lucrative tax benefits for manufacturers. Concannon Miller’s Manufacturing Team is immersed in the industry and is able to identify missed tax opportunities.

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Topics: Manufacturing

Lehigh Valley Manufacturers: Where to Find Import-Export Assistance

Posted by Andrea Brady on Tue, Apr 25, 2017

There’s no doubt businesses now operate in a global marketplace – for both the good and the bad.

On the upside, the global economy presents more opportunities for new markets and business growth. And that’s not the only way to increase profits through exporting – businesses that export also may qualify for several lucrative tax benefits.

But – as business is cyclical – we recognize there also are some downsides at times in a global economy. The good news is there’s also assistance available for Lehigh Valley manufacturers negatively affected by the global marketplace.

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Topics: Manufacturing

Operational Improvement Assistance for Lehigh Valley Manufacturers Seeking Growth

Posted by Andrea Brady on Tue, Apr 4, 2017

Faster. Cheaper. Better.

Every manufacturer continually seeks improved efficiencies. It’s not just the time it saves, but the materials and labor costs, as well.

Your company probably holds monthly if not weekly meetings featuring brainstorming sessions on how to improve efficiencies.

But in the Lehigh Valley, you don’t have to brainstorm alone. There are several organizations that specialize in helping manufacturers improve efficiencies, and at reasonable consulting costs. Ben Franklin Technology Partners offers some grants to pay for their consulting while services from the Small Business Development Center are entirely free.

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Topics: Manufacturing

How Lehigh Valley Manufacturers Can Save on Construction and Equipment Purchases

Posted by Andrea Brady on Tue, Mar 7, 2017

While purchasing new equipment – or on a grander scale, a new facility – is generally a positive indicator for a manufacturer, it’s also a costly endeavor.

It requires significant cash reserves, either to buy the equipment in the case of more minor purchases or to secure bank loans for larger purchases.

But those don’t have to be your only two options. For Lehigh Valley manufacturers, there is a wide variety of low-interest loans and tax-exempt financing for construction, renovation and equipment purchases.

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Topics: Manufacturing

Adding to Your Workforce? Check Out These Grants, Tax Credits Available for Job Creation

Posted by Andrea Brady on Thu, Feb 9, 2017

Job creation in itself provides many upsides for manufacturers. It’s usually undertaken when business is booming. It increases productivity and provides more local employment.

But there’s another big upside for job creation available to Lehigh Valley manufacturers – money. The federal, state and local governments all offer funding expressly for job creation in the form of grants and tax credits.

And there are also grants and other funding available to Lehigh Valley manufacturers to train those new employees.

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Topics: Manufacturing

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