Moore on Manufacturing with James Moore & Company
Risky Business: Is Your Company in Compliance With Tax Laws?

Risky Business: Is Your Company in Compliance With Tax Laws?

September 7, 2021

With states more aggressively enforcing state and local taxes, manufacturers could be putting themselves at risk of noncompliance—particularly with the tax law changes we’ve seen in recent years. Manufacturers often aren’t aware they may need to file additional state income tax or sales tax returns in other states.

On this episode of Moore on Manufacturing, Mike and James Moore tax director Melody Lechleidner discuss the areas of risk that should concern your company. Areas covered include sales tax (including exemptions for manufacturing), income taxes in other states, and how the value of your business can be negatively impacted if you haven’t been compliant with tax laws.

Sign up to receive Moore in Manufacturing notifications when new episodes are released: https://www.jmco.com/moore-on-manufacturing/.

To learn more about the James Moore Manufacturing Team: https://www.jmco.com/industries/manufacturing/

S2E8: Moore on Manufacturing: Harness the Power of Data Analytics and Business Intelligence

S2E8: Moore on Manufacturing: Harness the Power of Data Analytics and Business Intelligence

August 3, 2021

Manufacturers produce significant amounts of data, but it’s often difficult to collect and summarize in a usable way. When you’re able to harness this information, it can be used to make strategic decisions that will help your business operate more efficiently and increase in value. In this episode of Moore on Manufacturing, we discuss business intelligence and data analytics—what they are, why they’re important and how you can use them to start leveraging your data.

Sign up to receive Moore in Manufacturing notifications when new episodes are released: https://www.jmco.com/moore-on-manufacturing/.

To learn more about the James Moore Manufacturing Team: https://www.jmco.com/industries/manufacturing/

S2E7: Moore on Manufacturing: A First-Person Perspective on Transition Planning

S2E7: Moore on Manufacturing: A First-Person Perspective on Transition Planning

July 6, 2021

It’s one thing to consult with experts about transition planning—but who better to talk on it than someone who has been through it?

On this episode of Moore on Manufacturing, Mike and Carrie are joined by John Louizes, owner of Zeno’s Boardwalk Sweet Shop (home of the world’s most famous taffy). John transitioned into the family business that was owned and operated by his father. Now that John’s son is getting older, he’s bringing him into the fold as well. The conversation includes weathering changes in the business, wishing things had been done differently and his future plans with his son.

Sign up to receive Moore in Manufacturing notifications when new episodes are released: https://www.jmco.com/moore-on-manufacturing/.

To learn more about the James Moore Manufacturing Team: https://www.jmco.com/industries/manufacturing/

S2E6 - Moore on Manufacturing: From Hurricanes to Hackers - Protect Your Network Now!

S2E6 - Moore on Manufacturing: From Hurricanes to Hackers - Protect Your Network Now!

June 1, 2021

The news is filled with scary stories of hacking, ransomware, and other data loss. Now hurricane season is upon us and for many businesses’ employees continue to work remotely. On this episode of Moore on Manufacturing we are joined by Curtis McCallister who will share ways to protect your data from loss in the event of a hurricane or other disaster. We will also discuss how to protect your systems from ransomware and other viruses. Finally, we will look at ways for your remote employees to connect securely to your network.

00:10 - Welcome & introductions
01:22 - How to protect data and information systems in the event of a Hurricane, fire or other forms data loss
03:09 - Testing your backup system
06:09 - Protecting your equipment
07:23 - Protecting your system against hacking and ransomware
10:15 - Protecting your manufacturing equipment from network intrusion
11:26 - Training Employees to recognized cyber risks
14:08 - What to do if an employee has been compromised with a cyber-attack
16:10 - Managing a mobile workforce
18:46 - How to make sure our email and website is always available
20:59 - Top two things to think about
22:02 - Wrap-up

Sign up to receive Moore in Manufacturing notifications when new episodes are released: https://www.jmco.com/moore-on-manufacturing/

To learn more about the James Moore Manufacturing Team: https://www.jmco.com/industries/manufacturing/

S2E5 - Moore on Manufacturing: Employee Engagement and Retention Strategies

S2E5 - Moore on Manufacturing: Employee Engagement and Retention Strategies

May 4, 2021

Back in January, we talked with the VMA about the difficulty of recruiting and finding workers. Today’s episode continues the human resource discussion with the challenges of employee retention. Joining Mike and Carrie is Julie Kniseley, Director of James Moore’s HR Solutions. Together they’ll talk about what retention and engagement mean, what causes issues on those fronts, how to know if your employees are engaged, and what you can do to improve your company’s performance in these areas.

00:10 - Welcome & introductions
00:25 - Who’s dealing with labor shortages?
03:50 - What do employee engagement and retention mean?
05:38 - How does an employer determine the level of engagement with its employees?
07:48 - How does a company add value to its employees?
10:53 - Who should be talking to employees?
15:25 - What can manufacturers do to improve engagement and retention?
19:43 - How does a company get investment and commitment from the younger generations?
23:43 - Wrap-up

Sign up to receive Moore in Manufacturing notifications when new episodes are released: https://www.jmco.com/moore-on-manufacturing/

To learn more about the James Moore Manufacturing Team: https://www.jmco.com/industries/manufacturing/

S2E4 - Moore on Manufacturing: How Transition Planning Can Help Your Business Now!

S2E4 - Moore on Manufacturing: How Transition Planning Can Help Your Business Now!

April 6, 2021

Heather Parbst, Director of Transition Planning with Velocity Advisory Group, will help businesses understand what transition and exit planning is. Along with James Moore's partner Mike Sibley and director Carrie Boynton, she’ll discuss common missteps made in the process, drivers that increase business value, and how focusing on them can add more profitability now!

00:10 - Welcome & introductions
00:54 - What is transition and exit planning?
03:05 - Common mistakes business owners make as they get ready to sell their business
05:01 - Different avenues to take when transitioning
06:29 - Some things Heather Parbst learned when selling her prior business
10:12 - Value drivers business owners should focus on
11:15 - Owner independence during and beyond transitioning
12:59 - Other important value drivers
17:15 - Which value driver do businesses overlook the most?
18:30 - Wrap-up

Sign-up to receive Moore in Manufacturing notifications when new episodes are released: https://www.jmco.com/moore-on-manufacturing/

To learn more about the James Moore Manufacturing Team: https://www.jmco.com/industries/manufacturing/

S2E3 - Moore on Manufacturing: Risk Management Issues in the Production Process

S2E3 - Moore on Manufacturing: Risk Management Issues in the Production Process

March 2, 2021

Chris Tolland, Executive Vice President at Foundation Risk Partners, joins Mike and Carrie on this episode of Moore on Manufacturing. The trio discusses common risk management misconceptions and errors as they relate to inventory, manufacturing equipment, and the production of personal protective equipment (PPE). They also talk about insurance implications and compare several aspects, including equipment breakdown coverage vs. property coverage, selling price vs. replacement cost, and contents coverage vs. stock throughput coverage.

00:10 – Welcome & introductions
00:27 – Risk or misses on insurance coverage for manufacturers
05:52 – How do manufacturers identify what is, or is not, in their current policy
07:45 – Brainstorming coverage and risk strategies
13:55 – Manufacturing in the new pandemic world
17:32 – How often should manufacturer meet with their brokers
19:18 – Stock throughput coverage
21:51 – Wrap up

Sign-up to receive Moore in Manufacturing notifications when new episodes are released: https://www.jmco.com/moore-on-manufacturing/

 

Learn more about James Moore Manufacturing Team: https://www.jmco.com/industries/manufacturing/

S2E2 - Moore on Manufacturing: Paycheck Protection Program Round 2 Update

S2E2 - Moore on Manufacturing: Paycheck Protection Program Round 2 Update

February 2, 2021

The PPP is back—but it has specific new requirements to qualify. It also allows first-time loans for those who didn’t get the original PPP. In this episode of Moore on Manufacturing, Mike and Carrie cover what manufacturers need to know about qualifying for these loans.

00:10 – Welcome & introductions
00:19 – Differences between Round 1 and Round 2 of the PPP
05:04 – What does “reduction in revenues” mean for manufacturers?
06:00 – Definition of revenues?
08:13 – Changes to loan calculations
10:19 – Deadline to apply and other inclusions
12:42 – Who to turn to for help with PPP
13:57 – SBA software glitches
16:16 – Other information the business owners should be aware of
18:55 – Wrap up

Sign-up to receive Moore in Manufacturing notifications when new episodes are released: https://www.jmco.com/moore-on-manufacturing/

 

Learn more about James Moore Manufacturing Team: https://www.jmco.com/industries/manufacturing/

S2E1 - Moore on Manufacturing: The State of Manufacturing 2021

S2E1 - Moore on Manufacturing: The State of Manufacturing 2021

January 5, 2021

In this episode, we’ll be chatting with Jayne Fifer from the Volusia Manufacturers Association about the state of manufacturing. We’ll cover the outlook for 2021, key issues facing your industry, and resources available to help you overcome these hurdles. We’ll also discuss how the Volusia Manufacturers Association is helping our manufacturers.

00:10 - Welcome
00:43 - Based on what you’re hearing from manufacturers, what is the outlook as we approach 2021?
04:02 - What are the biggest hurdles manufacturers are facing?
06:45 - What resources are available to manufacturers?
11:00 - How is the VMA helping manufacturers?
13:56 - Working with education programs
17:12 - The Florida Federation for Advanced Manufacturing Education (FL FAME)
19:38 – Wrap up

Sign-up to receive Moore in Manufacturing notifications when new episodes are released: https://www.jmco.com/moore-on-manufacturing/

Learn more about James Moore Manufacturing Team: https://www.jmco.com/industries/manufacturing/

S1E1 - Moore on Manufacturing: Top 6 Year-End Tax Planning Strategies for Manufacturing
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