Pinion Insights: Posts from category

Food And Beverage

Workers in Field

How to Prepare Your Business for Potential Immigration Enforcement

By Pinion Editorial | January 17, 2025
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Reading Time: 2 minutes
As the new year moves into full swing and we transition to a new administration, employers should prepare for increased immigration enforcement and significant changes to the U.S. immigration policy. Disruption is expected, most directly, on the labor and supply chains of agriculture, manufacturing, food processing and packaging, and construction …

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IRS Releases Standard Mileage Rates for 2025

By Michelle Johnson | January 9, 2025
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Reading Time: 2 minutes
The IRS issued an increase in the standard mileage rates for business travel, effective January 1, 2025. While the IRS states that standard mileage rates can be applied to the use of a car, van, pickup or panel truck used for business purposes, it’s important to note the correct application of the …

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In Wake of Disaster, How to Minimize Taxes on Insurance Proceeds

New Retroactive Wildfire Tax Relief: Action May Be Needed

By Pinion Editorial | December 13, 2024
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Reading Time: 2 minutes
On December 12, 2024, President Biden signed the Federal Disaster Tax Relief Act of 2023. The law exempts from income tax qualified wildfire relief payments made to individuals. Prior to the Disaster Tax Relief Act, some payments to disaster victims – such as settlement payments from utility companies – were …

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Best Practices for Business Owners in 2025 and Beyond

By Pinion Editorial | December 11, 2024
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Reading Time: 2 minutes
As a business owner, you likely spend most of your days – and many of your nights – thinking about the daily operations of your business. Retaining customers, analyzing the competition, marketing services and products, tackling human resource issues…the list is endless. “It’s easy to get caught in the weeds …

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Is Your Business Ready for Leadership Transition?

By Pinion Editorial | December 10, 2024
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Reading Time: 3 minutes
Whether your leadership transition is months or years away, there are crucial steps you can take now to prepare for a successful outcome. But successful transitions don’t just happen overnight. They take planning, preparation and foresight. In this blog, Pinion advisors share common succession pitfalls and strategies to help you …

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4 Ways Food & Beverage Manufacturers Should Prepare for 2025

By Pinion Editorial | December 10, 2024
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Reading Time: 3 minutes
The 2024 election has brought about considerable potential for policy shifts in the food & beverage industry… with many businesses left asking, “What’s changing, and how should we react?”  Below, Pinion’s government and public affairs team has evaluated the four most likely areas to have impacts for food and beverage …

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Summary of Election Impacts for Ag Producers and Processors

By Pinion Editorial | December 3, 2024
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Reading Time: 14 minutes
The 2024 federal elections will have significant impacts on policies that affect U.S. food and agriculture. With election day in the rear-view mirror, it is important to delve into how the results will likely impact our industry. Potential Upsides for the Agriculture Industry: In some cases, we expect policies that …

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How to Manage Forecasts and Cashflow in Today’s Market

By Pinion Editorial | October 24, 2024
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Reading Time: 3 minutes
Cash flow management and forecasting are, and will always be, integral elements to business success.  But the way manufacturers approach this is changing. Consumer buying decisions are changing, interest rates are changing, and the speed of this evolution is changing faster than ever. Especially in an election year, when trade …

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