by Michael J. Devereux II, CPA, CMP, Mueller Prost With year-end approaching, plastics processors likely will benefit from year-end tax planning. With income taxes on the rise and guidance published daily, processors will need to consider a number of different available options to ensure they are (legally) minimizing their income tax burden. First, income tax planning is … [Read more...] about Year-End Tax Planning for Plastics Processors
Legal / Accounting
Lawsuits a Wake-Up Call on Proper Use of Background Checks
by Wayne "Skip" Adams III, Ice Miller, LLP Since the start of 2014, the number of lawsuits filed against employers and staffing firms alleging the use of unlawful background check practices has increased dramatically. Many of these cases were class action lawsuits with millions of dollars in potential liability. This sudden surge in litigation underscores the importance of … [Read more...] about Lawsuits a Wake-Up Call on Proper Use of Background Checks
Patent Infringement
by Jen Clark, Plastics Business The case of an American patent, copyright and trademark theft by a Chinese company is drawing scrutiny from the US Department of Homeland Security and other authorities. The patent, copyright and trademark in question are held by Beaumont Technologies, Inc., Erie, PA. John Beaumont, president and CEO, said a company in China lifted sales … [Read more...] about Patent Infringement
New Repair Regs Impact Property and Equipment Owners
by Teri M. Samples, CPA and Michael J. Devereux II, CPA, Mueller Prost After nearly a decade of issuing a long series of proposed and temporary regulations, the IRS finally has issued final regulations providing guidance to help taxpayers determine how to treat repair and maintenance expenditures related to tangible property from a tax perspective. Such property includes … [Read more...] about New Repair Regs Impact Property and Equipment Owners
ICE Audits ‘Skyrocket’ with Form I-9 Violations on the Rise
by Jen Clark, Plastics Business As calls for federal immigration reform ramp up, so have the number of US Immigrations and Customs Enforcement (ICE) audits on businesses around the country. These audits look for lapses in recordkeeping and outright violation of the laws determining workplace eligibility for immigrants in companies large and small. "ICE audits have … [Read more...] about ICE Audits ‘Skyrocket’ with Form I-9 Violations on the Rise