by Liz Stevens, writer, Plastics Business Hacks, security breaches, ransomware attacks – these are becoming more and more common in our technology-dependent world. Every manufacturer would be wise to take these potential threats seriously and apply resources to protect assets and fortify cyber security. If cyberattacks can happen to school districts, casinos, farm … [Read more...] about Every Plant Needs to Conduct a Cyber Risk Assessment
Legal / Accounting
Sophisticated Check Fraud Scheme Stopped with Positive Pay
by Dianna Brodine, vice president, editorial, Plastics Business “I received a call from the bank,” said Erica Berg, chief financial officer for Vital Plastics, Inc., Baldwin, Wisconsin. “A check was coming through on our payroll account, and the bank wanted to verify it since it didn’t match up with the data we had provided.” Vital Plastics uses a service called Positive … [Read more...] about Sophisticated Check Fraud Scheme Stopped with Positive Pay
Monitoring Health Benefits Costs: What is the Magic Number?
by Will Hinshaw, partner/founder, Captive Solutions & Options Insurance reporting is wrought with charts and graphs that document figures, percentages and acronyms that are difficult to understand in terms of cause and effect. Rarely do they drive clarity and action. However, those disparate reporting sources can be simplified to a single metric that links to what business … [Read more...] about Monitoring Health Benefits Costs: What is the Magic Number?
Year-End Tax Thoughts and Policy Outlook for 2022 and Beyond
by Michael J. Devereux II, CPA, CMP, partner, Wipfli With 2021 in the rearview mirror, plastics processors are beginning to close their books for the calendar year and begin tax filing season for tax year 2021. Processors are embarking on this process with a murky view of what taxes will look like in tax year 2022 and subsequent years. The following will provide some … [Read more...] about Year-End Tax Thoughts and Policy Outlook for 2022 and Beyond
M&A in the Time of COVID-19
by Todd Parsapour, investment banking managing director, Stout The global pandemic has dramatically affected people, governments and businesses during the past year. Many companies have had to navigate a very dynamic and volatile environment, which has included employee and customer health concerns, rapid changes in product and service demand, and supply chain disruptions, … [Read more...] about M&A in the Time of COVID-19