By Michael J. Devereux II, CPA, CMP, Mueller Prost In December 2020, Former President Trump signed the Consolidated Appropriations Act, 2021 (CAA), ushering in several tax changes aimed at curbing the impact of the COVID-19 pandemic. Some of the changes build upon provisions passed in The Coronavirus Aid, Relief and Economic Security (CARES) Act, and others modify or extend … [Read more...] about Consolidated Appropriations Act Ushers in 2021 Tax Changes
Financials
3 Key Strategies for Continuous Improvement
Compiled and summarized by Rachael Pfenninger, director of strategic execution, AMBA Continuous improvement is at the heart of any successful manufacturing company. If ownership, the management team and all employees aren’t looking constantly for ways to eliminate waste, simplify processes or improve quality, then the organization has become stagnant – and likely is leaving … [Read more...] about 3 Key Strategies for Continuous Improvement
North American Automotive Tooling Spend Declines 31%: What’s Next for Tool Builders?
By Dianna Brodine, managing editor, The American Mold Builder While the COVID-19 pandemic accelerated certain trends within the automotive tooling market, the wheels had been in motion throughout the past decade, said Laurie Harbour, president and CEO of Harbour Results, Inc. (HRI), during a recent webinar focused on the results of the Harbour IQ study on the current state of … [Read more...] about North American Automotive Tooling Spend Declines 31%: What’s Next for Tool Builders?
Mold Builders Reduce Federal and State Tax Liabilities with R&D Tax Credit
By Michael J. Devereux II, CPA, CMP This summer, the American Mold Builders Association (AMBA) conducted its second micro-survey regarding the R&D tax credit. The first survey, conducted in 2015, had participation from 39 mold builders, 18 of which were claiming the credit at the time. This year, more than 60 molds shops were surveyed, 28 of which report claiming the … [Read more...] about Mold Builders Reduce Federal and State Tax Liabilities with R&D Tax Credit