Pinion Insights: Posts from category

Manufacturing

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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Summary of Proposed American Families Plan

Tax Strategy Checklist for Manufacturers in 2025

By Pinion Editorial | December 11, 2024
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Reading Time: 2 minutes
As January quickly approaches, there are some important items to check off before next year is here. Following the national election and ongoing shifts in an uncertain economy, we’re here to help you stay ahead and avoid any unexpected changes. “The days of setting 5- and 10-year goals for your …

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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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Tax Changes and Impacts on Your Manufacturing Business in 2025

By Pinion Editorial | October 29, 2024
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Reading Time: 4 minutes
As we wind down one tax season and prepare for the next, the importance of diligent tax planning cannot be overstated. Unless Congress acts, there will be higher tax rates and lower standard deductions in 2025.   For manufacturers, these changes could impact everything from production costs to investment in innovation. …

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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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Update on the Federal Minimum Increase for Exempt Workers

By Pinion Editorial | July 24, 2024
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Reading Time: 2 minutes
Beginning July 1, 2024, the Department of Labor (DOL) enforced a new rule requiring employers to meet a higher salary threshold to classify employees as exempt. Legal Challenges Against the Rule A Win for Texas: A recent court order has exempted Texas from complying with the new federal minimum salary threshold …

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Newly Proposed 2023 Tax Deductions: Money in your Pocket… If Passed

By Pinion Editorial | January 18, 2024
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Reading Time: 3 minutes
Congress has drafted new tax legislation that is shaping up well amongst both the House and Senate Committee leaders.  The $78 billion tax agreement, introduced as The Tax Relief for American Families and Workers Act of 2024, includes pending rule changes that result in business owners seeing an increase in …

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