by Liz Stevens, contributing writer Plastics Business Editor’s Note: The Manufacturers Association of Plastics Processors (MAPP) once again has partnered with Plastics Industry Association (PLASTICS) for the 2019 Plastics Industry Fly-In. The event, to be held March 26 and 27 at the St. Regis, Washington, DC, smooths the way for plastics processors to meet with their state … [Read more...] about Advocacy for Plastics in Legislation
Legal / Accounting
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
Finding an Alternative to Lockout/Tagout Procedures
by Joseph Gross and Alan Rothenbuecher, Benesch, Friedlander, Coplan & Aronoff LLP Although no one wants to trade off safety for productivity, plastics manufacturers cannot help but consider the implications. Although exceptions certainly exist, procedures focused on safety generally cause productivity concerns, at least in the short term. For instance, lockout/tagout … [Read more...] about Finding an Alternative to Lockout/Tagout Procedures
US House Passes Bill to Increase and Make Permanent the R&D Tax Credit
by Michael J. Devereux II, Mueller Prost On May 20, The US House of Representatives passed H.R. 880, the American Research & Competitiveness Act of 2015, by a vote of 274-145. H.R. 880 makes permanent the Alternative Simplified Credit (ASC) for calculating the Credit for Increasing Research Activities, and it increase the ASC credit amount to 20 percent of the research … [Read more...] about US House Passes Bill to Increase and Make Permanent the R&D Tax Credit
US Treasury Simplifies Claiming the R&D Tax Credit for Plastics Manufacturers
by Michael J. Devereux II, Mueller Prost On June 3, 2014, the US Treasury proposed regulations indicating that the IRS will now begin allowing taxpayers to claim the Alternative Simplified Credit (ASC) on amended tax returns if the taxpayer had not claimed the research credit on its original tax return. For taxpayers not claiming the credit in prior years, this development can … [Read more...] about US Treasury Simplifies Claiming the R&D Tax Credit for Plastics Manufacturers