GLM- Business Accounting Strategy Consulting
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Employee- Retirement Plan & Defined Benefits

5/30/2017

 
Typical Situation: Our client’s business is profitable and the owners are starting to think of saving extra dollars for retirement. Maybe the Business has a retirement plan that needs to be fixed.
 
When you hear a business owner say:
·         “I have a 401(k) plan and don’t understand it.”
·         “Now that business is good, I would like to start saving for retirement and receive a tax break while doing it!”
·         “I received a letter from the IRS/DOL saying they want to review my qualified plan.  I need help!”
·         “I have a question about my company retirement plan and don’t know who to call.”
 
Retirement Services provide third party administrative services to qualified retirement plans that are sponsored by businesses.  They design, implement, administer, and when needed, terminate the plan.  They are qualified to work with the Internal Revenue Service, Department of Labor, and Pension Benefit Guaranty Corporation to fix compliance problems. 
 
How they Work When They complete the annual administration, they will also consider suggested improvements.  They review the plan as demographics or pension laws change.  They work with the plan sponsor to keep the plan in compliance with current pension laws.
 
Matching Ideas with Resources:
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Have a Good Holiday. Always Remember...

5/29/2017

 
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Insurance- Workers’ Comp

5/22/2017

 
Typical Situation: Our client that have issues with their work comp program, want help with return to work programs, desire to implement programs that will put money back in their pockets.
 
When you hear a business owner say:
·         “Work comp premiums are out of control”
·         “My work comp experience mod continues to rise”
·         “I am having problems with workers’ comp claims”
 
Workers’ Comp Insurance help companies spend their insurance budget on the right coverage, not the most coverage. They develop plans for business owners to stop overpaying for coverage, and puts the money back into the companies pockets.
 
How they Work The insurance provider visits with the client to develop a blueprint unique to each company that will help them understand the coverage, recover money from past audits that were incorrect, and drive the MOD down to the minimum mod. Most companies are paying 20% more than they should be and their agent doesn't even know that.
 
Matching Ideas with Resources:
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Works’ Comp Provider and Auditor
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Independent Auditors (Does not Sell)
​Click Here to Hear Podcast

Law- Intellectual Property

5/15/2017

 
Typical Situation: Our client has a product, process, or design they want to protect or prevent from being copied.  Another party is infringing upon our client’s Intellectual Property (IP - patent / copyright / trademark) or our client is being accused of or is concerned about infringing/copying another party’s IP.
 
When you hear a business owner say:
·         “Have a product, process, or design need to protect”
·         “I need to stop someone infringing/copying our product or design.”
 
Intellectual Property Attorneys serve as a trusted advisor and help when our client has a product, process, or design they want to protect or prevent from being copied. They can also help if they want to stop their intellectual property right (IP – patent, copyright, trademark) from being copied/infringed. They can advise when they are being accused of or concerned about infringing/copying another party’s IP.
 
How they Work These Attorneys focus on filing patent applications and litigating patents and other IP for clients anywhere in the USA.
 
Matching Ideas with Resources:
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Technology- Software Consulting

5/8/2017

 
Typical Situation: Our client’s systems that are currently in place do not keep track of inventory or improve operations. Our client has outdated technologies that complicate processes and prevent growth. They often lack standard business process and never certain of the best way to handle.  They may also struggle with too many manual processes, find it hard to complete upgrades, or have difficulty having their systems talk to each other.
 
When you hear a business owner say:
·         “I need help in figuring out how to make software work for my company”
·         “Our software is not meeting our needs”
·         “Why is our staff always doing routine tasks in different ways?”
·          “We access our systems remotely.”
·          “We are thinking of getting a new system. Should we? Shouldn’t we?”
 
Technology Software Consultants help manufacturers and distributors implement application technology that makes their businesses run better.  They can help clients solve business problems by using systems that are currently in place or help them to find the appropriate software and vendors to improve operations. They will work with ERP systems, Warehouse Management systems, bar code scanning technology and other supply chain technologies.
 
How they Work Consultants utilize business analysis skills, sound project management methodology, and common sense to implement systems.  They will work with and manage vendors to control the project and ensure that projects are on time and on budget.  They also train employees to ensure that they understand what systems are supposed to do as well how to use new technology.
 
Matching Ideas with Resources:
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Facility- Energy & Lighting

5/1/2017

 
Typical Situation: Our client has a owner occupied industrial or commercial property. Or are owners and property managers of multitenant properties. They are looking at reducing expenses and are looking at their COM ED electric expenses and lighting maintenance also.
 
When you hear a business owner say:
·         “I we are going to have the shop open 24/ 7 to keep up with orders.”
·         “We looking to cut costs.”
·         “How can I save on utilities?”
 
Energy Consultants provide a full turnkey program to update the lighting capabilities of a commercial or industrial property making it energy efficient and environmentally friendly so that it will provide significant long term cost savings for the property owner.
 
How they Work They audit the entire property, propose multiple solutions that include a cost benefit analysis, procure and install the new product, and perform all administrative work necessary to obtain the available rebates from the local electric company.
 
Matching Ideas With Resources:
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    GLM's Blog

    In true blog fashion, the last parts are at the top of the page. Scroll all the way down and work your way back up to read them in order. 

    Tom Gosche

    Tom is the Business Development Manager for GLM. If you are interested in learning more about GLM's services, contact him:

    630-675-8971
    [email protected]
    View my profile on LinkedIn

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GLM, Inc.
 
300 N. Martingale Rd., Suite 750
Schaumburg, IL 60173-2097
 
Phone: (847) 884-1781
Fax: (847) 884-1830
E-mail: [email protected]
Website: www.goglm.com 

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