Pinion Insights: Posts from category

Manufacturing

Decision 2024: Business Planning Ahead of an Election Year

By Pinion Editorial | November 30, 2023
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Reading Time: 4 minutes
The direction of future tax policies is intrinsically linked to the shifting dynamics of political power in the White House and Congress. With an election year just on the horizon, it is prudent to look at how 2024 electoral results may result in policy shifts that impact the agriculture sector …

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Using a Buy-Sell Agreement to Safeguard Your Manufacturing Business

By Pinion Editorial | November 7, 2023
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Reading Time: 3 minutes
If you’re concerned about preserving your company’s culture during unforeseen changes or emergencies, a buy-sell agreement could be your solution. Owners who have invested years into building a cohesive company culture and shared operational philosophy understand the importance of safeguarding this unity. This is where a buy-sell agreement comes into …

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Forecasting 2024: Ag Market’s Influence on Manufacturing and Distribution

By Pinion Editorial | October 31, 2023
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Reading Time: 3 minutes
Is the sky really falling? In periods of uncertainty with inflation, market ups and downs, a Farm Bill on the table and talks of recession, it can certainly feel like it is. To provide some insight for the year ahead, Pinion advisors share their perspective on the ag market and …

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FinCEN Reporting Deadline Alert: What Every Business Needs to Know

By Pinion Editorial | October 3, 2023
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Reading Time: 2 minutes
Beginning January 1, 2024, the Corporate Transparency Act requires all U.S.-based entities to report to the Financial Crimes Enforcement Network (FinCEN) detailed information about the entity and its key stakeholders – called “beneficial owners.” Any business with any legal entity (including single-member LLCs with minimal activity) will be impacted.  Small …

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Case Study: Combining Complex Functions with One Simple Tool

By Pinion Editorial | April 17, 2023
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Reading Time: 3 minutes
Acme Foundry, based in Coffeyville, Kansas, recently needed a new accounting and payroll platform to support their 350-person team. Their existing payroll system was manual, time-intensive and limiting in what it could accomplish. It also happened to be sunsetting, which provided the opportunity for a new HR solution that could …

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How the Holidays Can Shape Your Family Legacy

The Risks of Letting Your Legacy Ride: How Estate Planning Protects the Family

By Pinion Editorial | March 3, 2023
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Reading Time: 3 minutes
Ask any successful family business leader “What is your most important accomplishment?”  The overwhelming response is: ‘my legacy’.  And yet, only one in six have an estate plan.  Why work so hard to build a legacy, but do nothing to protect it?     “One of the most important things you …

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Cyber Attack

How Vulnerable Is Your Business to a Cyber Attack?

By Melissa DeDonder | March 1, 2023
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Reading Time: 2 minutes
In light of the recent cyberattack that shut down Dole’s North American production, businesses are reminded once again of the importance of cybersecurity and keeping operations secure. “While we typically only see large operations make the headlines after a cyberattack, it’s really important to understand that hackers will penetrate and …

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How Producers Play a Role in 2030 Biodiversity Targets

By Pinion Editorial | February 22, 2023
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Reading Time: 2 minutes
In December 2022, the 15th Conference of the Parties (COP15) to the United Nations Convention on Biological Diversity was held in Montréal with a focus on protecting nature and halting biodiversity loss around the world. As a result, delegates agreed to the landmark Kunming-Montréal Global Biodiversity Framework. Targets and Goals In …

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