Glass Company Receives Express Grant and Achieves Profitability
![glass-manufacturer-training-grant-tax-planning](https://www.jec-llc.com/hs-fs/hubfs/Cunningham_2023/Migration/glass-manufacturer-training-grant-tax-planning.jpeg?width=780&height=667&name=glass-manufacturer-training-grant-tax-planning.jpeg)
Glass Company Workforce Training Fund Express Grant
S.I. Howard Glass Company has been around since 1912 and has been delivering high-quality glass products and precision glass fabrication services to customers in a wide range of industries. Cunningham & Associates obtained $15,000 using an Express Grant through the Massachusetts Workforce Training Fund Program.
Reaching Tax Planning and Profitability Goals
Cunningham & Associates worked with S.I Howard to help them reach their tax planning and profitability goals. This was done by providing an analysis of assets, debt, tax obligations, equity, and analysis of current shareholders’ basis, preparation of an FMV analysis, and designed and implemented an enhanced entity plan and balanced compensation plan.
New Entity Setup and Documentation Transfer
We also implemented a real estate analysis and plan, prepared initial transfer documentation and an initial setup of new entities and related services i.e. payroll, QuickBooks, etc… At the end of the Express Grant program S.I. Howard glass set itself up financially to take on any challenges due to future growth.
Industry
Manufacturing
Blogs and Resources
![](https://2785898.fs1.hubspotusercontent-na1.net/hub/2785898/hubfs/Increasing%20cash%20flow%20through%20income%20tax%20reduction-Jul-19-2024-01-36-27-4416-PM.png?width=768&height=512&length=768&name=Increasing%20cash%20flow%20through%20income%20tax%20reduction-Jul-19-2024-01-36-27-4416-PM.png)
The Four Pillars Of Tax Reduction: What Arnold Palmer Can Teach Us About Taxes
The Four Pillars Of Tax Reduction. Strategies to reduce income, payroll, transactional, and transfer…
Read More![](https://2785898.fs1.hubspotusercontent-na1.net/hub/2785898/hubfs/Canva%20images/Canva%20Design%20DAGHGkoVjYw.png?width=768&height=512&length=768&name=Canva%20Design%20DAGHGkoVjYw.png)
Strategic Business Structures: How Entity Structure Impacts Taxes During an Exit
Uncover the crucial role business structures play in determining tax implications when exiting a bus…
Read More![](https://2785898.fs1.hubspotusercontent-na1.net/hub/2785898/hubfs/Canva%20images/Canva%20Design%20DAGIrl3HuDw.png?width=768&height=512&length=768&name=Canva%20Design%20DAGIrl3HuDw.png)
9 Tips To Improve Cash Flow For Construction Companies
Improve cash flow for construction companies with strategic tax optimization tips. Maximize deductio…
Read More![](https://2785898.fs1.hubspotusercontent-na1.net/hub/2785898/hubfs/Canva%20images/Canva%20Design%20DAGHFu-jFiQ.png?width=768&height=512&length=768&name=Canva%20Design%20DAGHFu-jFiQ.png)
Understanding Tax Advantages And Disadvantages of Different Exit Options
Maximize your profits by understanding the tax implications of different exit options when selling y…
Read More![](https://2785898.fs1.hubspotusercontent-na1.net/hub/2785898/hubfs/Canva%20images/Canva%20Design%20DAGGuNzpCT4.png?width=768&height=512&length=768&name=Canva%20Design%20DAGGuNzpCT4.png)
The Tax Implications of Inherited IRAs: Understanding Distribution Options
Uncover the complex world of tax implications when it comes to inherited IRAs and learn how benefici…
Read More![](https://2785898.fs1.hubspotusercontent-na1.net/hub/2785898/hubfs/Canva%20images/Canva%20Design%20DAGGt46SaBI.png?width=768&height=512&length=768&name=Canva%20Design%20DAGGt46SaBI.png)
Planning for Retirement Accounts and Taxes: Avoiding Beneficiary Mistakes
Learn how properly planning for retirement accounts can help you avoid costly mistakes for your bene…
Read MoreContact Us to Discuss How We Can Best Support You
![bof-cta-placeholder](https://www.jec-llc.com/hs-fs/hubfs/Cunningham_2023/bof-cta-placeholder.png?width=528&height=559&name=bof-cta-placeholder.png)