by Christina Solomon, CPA/CVV, CFE, CGMA and Michael J. Devereux II, CPA, CMP, Mueller Prost Fraud takes on many forms, resulting in substantial financial losses and exposing your company to undue risk. Fraud can be perpetrated by internal sources – those employees, managers and even owners who are implicitly trusted, yet this group historically has caused losses exceeding a … [Read more...] about Five Places to be on the Lookout for Fraud
Financials
CARES Act Provides Relief to Plastics Processors
by Michael J. Devereux II, CPA, CMP, Mueller Prost On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act – the largest relief package ever passed by Congress almost three times over – into law, thereby ushering a host of new lending and tax provisions available to plastics processors. The CARES Act made several … [Read more...] about CARES Act Provides Relief to Plastics Processors
Nationally Funded Program Offers Assistance to Manufacturers
by Dianna Brodine, managing editor Plastics Business Fighting global competition requires resources that may be beyond the reach of small- to midsize manufacturing companies. As far back as 1962, the US government attempted to level the playing field with the Trade Adjustment Assistance for Firms (TAAF) program. According to a 2017 Congressional Research Report, “The Trade … [Read more...] about Nationally Funded Program Offers Assistance to Manufacturers
KPI: The Need to Measure
by Michael J. Devereux II, CPA, CMP, partner Mueller Prost Measurement. It is one of the best tools we have at our disposal for improvement. But what metrics are important to measure? Every plastics processor uses some sort of key performance indicators (KPI) to assess how the company is performing. However, performance is a relative term, and while some performance metrics … [Read more...] about KPI: The Need to Measure
Year-End Tax Planning Opportunities
by Michael J. Devereux II, CPA, CMP Mueller Prost The holidays are here. For many, this means spending time with family and friends to recall good times throughout 2018 and to celebrate the upcoming new year. It also means that tax filing season is right around the corner. As such, December is a time for year-end tax planning to ensure Uncle Sam only assesses the appropriate … [Read more...] about Year-End Tax Planning Opportunities