AMBA News: August 2020

New Report Available: R&D Tax Credit Use in Mold Manufacturing

As income taxes continue to rise, it is important for mold manufacturers to identify areas where they can reduce their overall tax burden in order to maintain profits and remain competitive in today’s global environment. With this in mind, AMBA’s benchmarking team has released its most recent report, R&D Tax Credit Use in Mold Manufacturing, which outlines the frequency with which this credit is claimed, (correlated by company size and revenue), the types of qualifying claims that are made and the under-utilized tax incentive opportunities that exist for mold manufacturers. The report is complimented with insights from Michael Devereux, CPA, CMP of Mueller Prost, a leading authority on use and application of the R&D tax credit. To learn more and purchase the report, visit AMBA.org/publications.

Access New Industry Data with AMBA Pulse Survey

The AMBA is continuing to monitor the state of the mold manufacturing industry. As the environment changes, however, so do the industry’s challenges and the information needed to face them. Participate today in AMBA’s current pulse survey and access new industry data, including number of new orders placed and molds shipped. Email Rachael Pfenninger at rpfenninger@amba.org to participate.