SYRACUSE — Syracuse–based accounting firm Dannible & McKee, LLP is set to host its annual manufacturing conference as a virtual event on Oct. 21 from 8:30 a.m. to 12 p.m. Described as an “industry-focused” conference, it will include presentations on the latest industry trends and economic outlook, concepts and techniques for effective budgeting and planning, […]
SYRACUSE — Syracuse–based accounting firm Dannible & McKee, LLP is set to host its annual manufacturing conference as a virtual event on Oct. 21 from 8:30 a.m. to 12 p.m.
Described as an “industry-focused” conference, it will include presentations on the latest industry trends and economic outlook, concepts and techniques for effective budgeting and planning, best practices for attracting and retaining employees, and tax issues impacting the manufacturing industry, per a Dannible & McKee announcement about the event.
The firm says the conference is free to attend virtually. Those interested can register for the event at https://www.dmcpas.com/events/manufacturing-conference/.
Presentations
Randy Wolken, president and CEO of MACNY, the Manufacturers Association, will speak on the topic, “New York State Manufacturing: Outlook and Opportunities for the Future.” In this presentation, Wolken will review the current outlook of manufacturing in New York state and highlight the opportunities for growth, as well as the challenges that lie ahead.
Mickel Pompeii and Alex Nitka, both certified public accountants (CPAs) and tax partners at Dannible & McKee, will speak about “State Tax Issues Impacting Manufacturers.”
In describing the presentation, Dannible & McKee says even though the COVID-19 pandemic has impacted everyone over the last 18 months, it has affected state budgets “especially hard.” As a result, states are becoming “increasingly aggressive” in going after manufacturing companies for income and franchise tax, as well as sales and use tax. In this session, Pompeii and Nitka will examine state nexus rules, filing requirements, and how those rules have been changed by COVID-19. They’ll also look at strategies to make sure your company isn’t running “afoul of these rules.” They’ll also look at the recently passed New York State Pass-Through Entity Tax (PTET) election and what it means for your pass-through entity.
Another presentation, Victor Vaccaro, Jr. and Benjamin Sumner, both CPAs and audit partners at Dannible & McKee, will speak on the topic, “Effective Planning During Uncertain Times.”
Proper budgeting and planning are “critical tools” in helping manufacturers to remain competitive, and the importance of planning is magnified during uncertain times such as the ongoing pandemic, the accounting firm says. However, many manufacturers do not have a formal budgeting or strategic-planning process. In this session, Vaccaro and Sumner will discuss concepts and techniques that will make the budgeting process “more efficient” and analyze how effective budgeting, forecasting, and strategic planning can help manufacturers respond to market changes and “continue to achieve their long-term goals.”
The presentations also include Jason Banuski, president of HR One Consulting, discussing the topic, “Keys to Attracting and Retaining Talented Employees.”
In this presentation, Banuski will discuss the labor-market challenges that employers are experiencing and provide insight on what manufacturers can do to ensure they attract and retain top talent.