MCDA Daily

Your daily business tips

Succession Planning and Ownership Transitions: Preparing for What’s Next

Succession planning and ownership transitions are among the most consequential—and often most deferred—decisions facing business owners. Whether driven by retirement, liquidity needs, leadership development, or unforeseen events, ownership transitions shape a company’s continuity, culture, and long-term value. Yet despite their importance, many organizations delay meaningful planning. The result is frequently a rushed transition, value erosion, or internal disruption at preci

MCDA CCG, Inc.

State and Local Tax (SALT) Considerations for Manufacturers

For manufacturers operating in an increasingly complex and competitive environment, state and local tax (SALT) considerations play a critical—yet often underestimated—role in shaping financial performance and strategic decision-making. While federal tax policy tends to attract the most attention, SALT exposure can materially influence site selection, supply-chain structure, cash flow, and long-term growth. Understanding and proactively managing SALT obligations is no longer a

MCDA CCG, Inc.

Managing Financial Risk in Volatile Supply Chains

In 2026, supply chain volatility continues to challenge organizations across industries. Geopolitical shifts, fluctuating commodity prices, labor shortages, and technological disruptions have all contributed to an environment where even minor disruptions can ripple through costs, cash flow, and profitability. For finance and operations teams, managing this volatility is no longer optional—it’s essential. Understanding financial risk in supply chains requires both a forward-lo

MCDA CCG, Inc.

State and Local Tax (SALT) Considerations for Manufacturers

1 day ago3 min read

Managing Financial Risk in Volatile Supply Chains

2 days ago3 min read

Understanding Work-in-Progress: How WIP Impacts Financial Statements and Cash Flow

For many organizations, particularly in manufacturing, construction, or project-based industries, work-in-progress (WIP) is more than just an internal operational metric—it directly affects financial visibility and cash flow management. In 2026, as businesses navigate tighter margins, complex projects, and dynamic supply chains, understanding WIP’s financial implications is essential for both strategic planning and day-to-day decision-making. What Is Work-in-Progress? Work-in

3 days ago3 min read

A Strong Start: Financial Housekeeping Tasks to Tackle in Early 2026

The beginning of a new year has always been a natural moment for reassessment. But in 2026, that ritual carries added weight. With economic conditions continuing to evolve, interest rate environments stabilizing unevenly across regions, and personal and business finances growing more interconnected, early-year financial housekeeping is less about resolutions and more about resilience. Rather than sweeping changes, the most effective financial resets focus on clarity, alignmen

Jan 23 min read

How Regular Bank Reconciliations Prevent Costly Financial Errors

Maintaining accurate financial records is essential for any business, regardless of its size or industry. One of the most effective tools in safeguarding your finances is the practice of regular bank reconciliations. While it might seem like a routine administrative task, reconciling your bank accounts can prevent errors, detect fraud, and improve overall financial management. What Is a Bank Reconciliation? A bank reconciliation is the process of comparing your internal finan

Dec 30, 20252 min read

How Financial Consulting Helps Optimize Resource Allocation

For many business owners, resource allocation is one of the most challenging aspects of running a company. Decisions about how to spend capital, allocate personnel, or invest in growth initiatives can make or break a business. Misallocated resources can lead to inefficiencies, missed opportunities, and even financial strain. This is where financial consulting comes in. By providing expertise, insight, and strategic guidance, financial consultants help businesses make informe

Dec 15, 20253 min read

Why Manufacturing Accounting is Different—and Why It Matters

Costs rise and fall. Supply chains shift. Regulations change. For manufacturers, managing Costs rise and fall. Supply chains shift. Regulations change. For manufacturers, managing finances isn’t just about keeping the books balanced—it’s about staying competitive in an industry with constant moving parts. Traditional accounting methods often miss the unique challenges of production cycles, raw material costs, and inventory management, leaving manufacturers without the insigh

Dec 9, 20256 min read

Year-End Financial Red Flags: What Businesses Often Miss and How to Fix It

As year-end approaches, ensuring accurate operational and financial reporting is crucial. Even minor oversights can cause significant ripple effects--disrupting cash flow, efficiency, compliance and ultimately weakening overall performance and stakeholder confidence. Below we share some of the most common red flags and overlooked items that can slow or complicate the year-end close process, along with tips to address them before they become bigger issues. Red Flags in Receiva

Dec 8, 20252 min read

Budgeting and Financial Planning for Early Professionals: Building a Strong Foundation

Starting your career comes with excitement, new responsibilities, and, often, a steady paycheck for the first time. But alongside that comes the challenge of managing finances wisely—something that can feel overwhelming when there are student loans, rent, and lifestyle temptations. Establishing smart budgeting and financial planning habits early on can set the stage for long-term financial stability and even early wealth-building. Here’s a guide for early professionals lookin

Nov 6, 20252 min read

The ‘Too Late’ Tax Problem: How to Avoid Year-End Surprises

Every year, business owners and individuals alike get caught off guard by one of the most avoidable financial pitfalls: the “Too Late” tax problem. It’s that moment—often in Q4 or even the following spring—when you realize your tax bill is much higher than expected, deductions were missed, or worse, cash to cover liabilities just isn’t there. The truth is, most tax surprises aren’t caused by complicated laws or unpredictable circumstances. They happen because planning starte

Oct 17, 20253 min read