With over 30 years
of experience, the professionals at Mueller Prost are uniquely positioned to
provide business solutions for plastic processors. Our commitment to quality
and our industry expertise ensure our plastics industry clients reach a level
Our team regularly participates in industry associations and publishes articles and columns in trade publications.
Our activities include:
- Board service
engagements throughout the country
in industry publications
can help plastics processors take advantage of tax savings opportunities:
- Research & Experimentation Tax Credits
Is your company
investing in innovation, the development and design of new part-specific manufacturing processes, the
development of new mold designs, or automation of manufacturing processes? If
so, you may be eligible for the Research and Experimentation tax credit. Mueller Prost can help you determine qualifying expenses and review
all eligible tax years.
- Export Incentives (IC-DISC)
We can help plastics
processors determine if they can take advantage of the Interest Charge –
Domestic International Sales Corporation (IC-DISC) to reduce Federal income tax
liabilities for those that export goods manufactured in the United
States. Our professionals can work with our clients to ensure tax
benefits are maximized each year.
- Tangible Property Regulations
distinguish whether taxpayers can expense and deduct tangible property
expenditures or must capitalize and depreciate them. The U.S. Treasury
issued regulations that provide taxpayers with additional guidance on how to
comply. Most manufacturers have had a number of changes in accounting
method in recent years that may be taxpayer favorable.
- Manufacturer's Deductions (DPAD)
Mueller Prost has
helped several plastics manufacturers take advantage of the Domestic Production
Activities Deduction (DPAD), aka the Manufacturer’s Deduction. Generally, the
DPAD equals 9% of a taxpayer’s qualified production activities income for the
tax year. DPAD is designed to be the equivalent of a 3% reduction in tax rate
on qualifying activities.
- Fuel Excise Tax Credit
Do you use forklifts
fueled with propane gas? If so, you may be eligible for an Alternative
Fuel Tax Credit of $.50 per gallon for all of the propane gas used in
- Hiring Incentives (WOTC)
Is your company
growing? Are you hiring veterans or other targeted groups? Mueller Prost can
help you take advantage of the Work Opportunity Tax Credit (WOTC), a federal
credit which allows businesses a tax credit for hiring workers within specific
targeted groups. Contact us to see which groups may qualify.
We provide a vast array
of services to plastic manufacturing and distribution companies. In addition to
the opportunities listed above and traditional financial statement and tax
compliance work, our team is adept at tax planning and business consulting,
including the following areas:
Our research services help you learn more about the industry in
which you operate and help you make well-educated decisions by benchmarking you
against competitors and others within your region.
Mueller Prost has developed a proprietary approach to assess the
key areas within a business or organization and identify opportunities to
advance the organization’s and stakeholders’ goals within those areas
- Cost Segregation Studies
Our team can help you maximize the opportunities the tax law
provides with respect to depreciating your building and assets over the correct
- Business Valuations
Mueller Prost recognizes that placing a value on a business is
complex. Our Certified Valuation Analysts evaluate the factors affecting
the value of closely-held companies and estimate each company’s worth by
determining fair market values for both tangible and intangible assets.
- Advanced Tax Planning
Mueller Prost tax services focus on businesses and individuals.
Our tax consultants work with you to plan for future transaction and offer
advice on the consequences of completed transactions.
- Other Valuable Services:
- Services for Custom Manufacturers
- Multi-State and Local Tax Services
- Internal Controls and Operational Reviews
- Inventory and Cost Management
- Just-In-Time Manufacturing
- Total Quality Management
- Alternative Fuel Credit
- Activity-Based Consulting
- Profit Maximization
- Cost Containment
- Budgeting, Forecasting, and Financial Analysis
- Cash Flow Analysis and Management
- Merger and Acquisition Services
- Succession Planning
For additional resources for Plastics M&D,
visit our resources page.
For more information about
services for Plastics Manufacturing & Distribution, contact Michael Devereux II, CPA, CMP.