Tax Issues
Plastics Industry Leaders’ Forecast Improved for 2025 in Spite of Challenges to End 2024
By Andrew Carlsgaard, benchmarking and analytics director, MAPP At the beginning of 2025, the United States plastics manufacturing industry is signaling recovery and growth. After several years of new economic challenges since the onset of the pandemic, including inflationary pressures and supply chain disruptions, optimism is on the horizon as the US manufacturing industry … [Read more...] about Plastics Industry Leaders’ Forecast Improved for 2025 in Spite of Challenges to End 2024
Strategic Planning for 2024: Contracts, Labor Markets, Tax Impacts and Resin Trends
By Lindsey Munson, editor, Plastics Business In a matter of weeks, 2023 will come to a close and companies will begin the important task of analyzing the prior months to then take those learnings and build a strategic plan for 2024. Ultimately, this will paint a clear direction for management and internal teams as they head into a new year. By taking early measures to … [Read more...] about Strategic Planning for 2024: Contracts, Labor Markets, Tax Impacts and Resin Trends
New Tax Law Rewards Manufacturers for Going Green
By Teri Samples, partner and CPA, Wipfli The Inflation Reduction Act (IRA) gave a boost to the manufacturing industry. Specifically, the new law rewards plastics processors for various investment initiatives to either incentivize or reward taxpayers who engage in a variety of clean energy practices. Many times, these investments make good business sense, with shorter than … [Read more...] about New Tax Law Rewards Manufacturers for Going Green
North American Outlook: Inflation Is the Focus
By Chris Kuehl, managing director, Armada Corporate Intelligence There has been a great deal of mood shifting as 2023 gets underway. At this juncture, it is as easy to find a pessimist predicting a deep and long recession as it is finding an optimist asserting the downturn will be mild. Why the variability? The easy answer is that some very significant motivators for the … [Read more...] about North American Outlook: Inflation Is the Focus