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
Tax Issues
Five Places to be on the Lookout for Fraud
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
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
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