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Hi, Website Visitor. Here are your Articles for September 5, 2007.
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 As more manufacturing companies embrace the Lean Manufacturing concept, a new method of accounting has begun to unfold within them. Historically, the production side of the business would make tremendous gains during Lean implementation such as: reducing inventory, achieving one-piece flow work cells, reducing lead times, improving productivity, etc. But these organizations soon found out the "other side of the wall" (i.e. accounting staff) weren't capturing these improvements. As you can imagine, this caused tensions between departments and with management.
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 What message do you send to your customers? Customers are, after all, quite important to your business. Do your practices reinforce their importance? Do your customers feel welcome and valued? Do you make it easy for your customers to do business with you?
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We take great care in the preparation of our articles and announcements. We also have a process of reviewing articles when major changes take place. The business, legal and tax climate is constantly changing especially when reviewed on an industry basis.
It may be very important to consult with us or your Investment Advisor before implementing ideas contained in articles and announcements. Many ideas have complexities and nuances that cannot be adequately detailed in the articles or announcements. We are not responsible for errors, misinterpretations or omissions related to these articles or announcements. Nor are we responsible for the applicability to your personal, business or tax situation.
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The IRS requires that a taxpayer make estimated tax payments if he or she expects to owe at least $1,000 in tax after subtracting any tax withholdings or credits. The easiest and most common safe harbor rule to avoid any interest and underpayment penalties when you file your tax return is to make sure that 100 percent of your prior year tax is paid in for the current year. For taxpayers with adjusted gross incomes over $150,000 ($75,000 for married filing separately), 110 percent of your prior year tax must be paid in for the current year. 
There are four basic financial statements: balance sheet, income statement, cash flow statement and statement of shareholders equity. Do you know the difference?
