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Manufacturing Minute
Join us monthly for Manufacturing Minute, the essential podcast for finance professionals navigating the unique challenges of the manufacturing industry. In 15-30 minute episodes, we break down the financial strategies and industry trends that matter most to those managing the money behind production, providing practical insights you can apply immediately.
All Episodes
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Cash Flow Is King: Navigating State and Local Tax in Manufacturing
In this episode of the Manufacturing Minute, host Megan Meador sits down with Rich Hedley, state and local tax leader at Brown Edwards, to unpack why SALT matters so much for manufacturers' cash flow and operations. Rich breaks down Nexus, both physical and economic, explaining how everything from out-of-state inventory to a one-day trade show appearance can create filing obligations. The conversation covers what to do once Nexus is established, how apportionment works, and the special single sales factor opportunity available to certain Virginia manufacturers. Megan and Rich also dig into common sales and use tax pitfalls, manufacturing exemptions for machinery and equipment, and often-overlooked property tax savings like scrubbing fixed asset listings and appealing assessments. Rich closes with a real success story: how a voluntary disclosure agreement saved a client over $90,000 in penalties after fifteen years of unfiled North Carolina returns. Whether you're shipping into multiple states or just want to protect your bottom line, this episode is full of practical insight.Is Your Business Actually Ready to Sell? The Audit Truth Buyers Don't Tell You | Exit Teams Podcast
Most business owners think they're ready to sell — until the buyer's due diligence team starts asking questions. In this episode of the Manufacturing Minute Podcast, Megan Meador, Partner at Brown Edwards and leader of the firm's manufacturing and distribution audit practice, pulls back the curtain on what sophisticated buyers and private equity groups are really looking for when they examine your financials. Drawing on a conversation originally featured on the Exit Teams Podcast with host Bob Tankesley, Megan covers the red flags that make buyers walk away, the difference between a financial statement audit and a quality of earnings report, and why the two-to-three years before a sale are the most important window you have. Don't wait until you're in the middle of a deal to find out your books aren't telling the right story.Retirement Plan Compliance: What Manufacturing Employers Need to Know
In this episode of Manufacturing Minute, I’m joined by my colleagues Melissa Stanley, Josh Morrison, and Brittany Quinn as we delve into the crucial topic of retirement plan compliance for manufacturing companies. We explore the intricacies of 401(k) plans, the importance of fiduciary responsibilities, and the key compliance requirements that employers must navigate. Our discussion highlights common pitfalls, such as late employee deferral deposits and the complexities of auto-enrollment, while offering best practices for maintaining effective retirement plans. Whether you're a CFO, HR leader, or business owner in the manufacturing sector, this episode provides valuable insights to help you optimize your retirement plan compliance and support your workforce. Tune in to learn how to turn compliance into a strategic advantage for your organization.Business Valuations 101: What Manufacturing Owners Need to Know
In this episode of Manufacturing Minute, I’m joined by Vince Centofanti, a director at Brown Edwards specializing in business valuation. We dive deep into the intricacies of business valuation, discussing its importance for manufacturing and distribution companies. Vince shares insights on the three main approaches to valuation: income, asset, and market approaches, and explains how these methods help business owners understand their company's worth, especially in the context of transitioning ownership or planning for future tax liabilities. Whether you're considering selling your business or simply want to know its value, this episode provides essential knowledge for any business owner navigating the complex world of valuations. Tune in to gain clarity on how to effectively assess and communicate the value of your business.-2.jpg)