On the Horizon – Post Election Tax Legislation
By Janelle Merlo, Schneider Downs With recent Republican victories in the U.S. presidential and senate races, significant tax legislation changes can be expected over the next 12 to 14 months, most notably with regard to the Tax Cuts and Jobs Act of 2017 (TCJA) since many aspects of the bill were not permanent provisions and are set to expire as of December 31, 2025. Although Republicans will control both…
Read MoreFederal District Court Strikes Down DOL’s 2024 Increases to Salary Thresholds for Overtime Exemptions
By Robert B. Cottington, Abigail L. Britton of Dentons On November 15, 2024, the Federal District Court for the Eastern District of Texas struck down the recent 2024 Department of Labor rule, which changed the salary threshold for exempt employees under the Fair Labor Standards Act (FLSA). The 2024 Final Rule temporarily increased the salary threshold for executive, administrative, and professional employees to qualify for exempt status in July…
Read MoreBeyond the Horizon – Developing an Exit Strategy and Understanding Alternatives
by Tom Springer, Schneider Downs Many business owners believe that when it comes time to exit their business, they only have one option: to sell. Few understand that selling a business is a complex and time-consuming undertaking with many pitfalls. Many sales attempts result in deep discounting by the buyer or, as is the case nearly 80% of the time, never come to fruition. When considering an exit from…
Read MoreHow Bally Design Helped Conair Dramatically Improve Their HMI Platform
After hearing from customers that training and employee turnover was hampering their operations, the Conair Group—the market leader in innovative auxiliary equipment solutions for plastics processors—partnered with Bally Design to rethink and create a common HMI (human-machine interface) from the ground up for all their PLC controlled equipment. What makes the equipment unique? What do they all share? Conair markets a wide variety of products — each with their…
Read MoreUnlocking the Innovation Code: Strategies for Middle Market Manufacturers
Middle market manufacturers in the USA face a distinct challenge when it comes to innovation. Unlike startups with room to experiment or large corporations with hefty R&D budgets, these manufacturers must navigate with limited resources and a lack of tailored guidance. The gap in knowledge on how they innovate and grow is glaring. A recent revival of an archived growth and innovation benchmarking study, originally conducted by the Pennsylvania…
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