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Recent Insights
Maximize Your Deductions: Auto Depreciation Limits Have Increased
Reading Time: < 1 minutes The IRS has released the Section 280F depreciation deduction limits for passenger automobiles – including trucks and vans – first placed into service in 2023. For the second year in a row, the IRS released significantly higher limits for taxpayers. For passenger autos acquired after 9/27/17, placed in service during …
Read moreMaximize Your Deductions: Auto Depreciation Limits Have Increased
Reminder: New Business Mileage Rates for 2023
Reading Time: < 1 minutes The IRS issued a slight increase in the standard mileage rates for business travel, effective January 1, 2023. 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 …
Leveraging the Power of Peer Groups for Manufacturers
Reading Time: 2 minutes Do any of these statements describe you? I would like some new ideas to avoid blind spots, to not just do it the way we’ve always done it – and to learn from someone outside my area. I’m burnt out and overwhelmed with the challenges in front of me. I …
Read moreLeveraging the Power of Peer Groups for Manufacturers
How Vulnerable Is Your Business to a Cyber Attack?
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 …
IRS Extends Tax Deadline for California, Alabama, and Georgia Disaster Areas
Reading Time: 2 minutes On February 24, the IRS announced that disaster-area taxpayers in parts of California, Alabama and Georgia will now have until October 16 to file individual and business tax returns and make tax payments. This is extended from the original deadline of May 15. The Pinion Tax team has summarized the …
Read moreIRS Extends Tax Deadline for California, Alabama, and Georgia Disaster Areas
Updates on GHG Protocol Land Sector and Removal Guidance Draft
Reading Time: 3 minutes The Greenhouse Gas Protocol (GHG Protocol) is the leading international standard-setting body for GHG accounting and reporting. In September of 2022, the GHG Protocol released the Land Sector and Removals Guidance draft. While this guidance will not be finalized until late 2023, there are key details to understand now. The Pinion …
Read moreUpdates on GHG Protocol Land Sector and Removal Guidance Draft
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