By Alan Rothenbuecher, partner, and Brad Wenclewicz, associate lawyer, Benesch, Friedlander, Coplan & Aronoff LLP The landscape of employment law is undergoing changes that could significantly impact the manufacturing industry. These developments necessitate employers to stay informed and proactively update their policies to ensure compliance with evolving regulations. … [Read more...] about Legislative Changes to Impactful Employment and OSHA Laws in Manufacturing
Legal/Accounting
Strategic Planning for 2024: Contracts, Labor Market and Tax Impacts
By Lindsey Munson, editor, The American Mold Builder 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 … [Read more...] about Strategic Planning for 2024: Contracts, Labor Market and Tax Impacts
The Big 3 of Tax Increases
By Omar S. Nashashibi, co-founder, The Franklin Partnership, LLC These days, when there is reference to the Big 3 on Capitol Hill, it’s not about the Detroit OEMs. Instead, it’s about lobbying on the Big 3 tax provisions that are having an overwhelming impact on AMBA members: reinstating R&D expensing while eliminating capitalization and amortization requirements, … [Read more...] about The Big 3 of Tax Increases
Reducing Risks as a Mold Builder: Renegotiating contract Terms and Conditions
by H. Alan Rothenbuecher, partner, Benesch Friedlander Coplan & Aronoff LLP and Katie Berens, summer associate As a mold builder, it is important to minimize risk to remain successful and profitable. This is no easy task – this requires knowledge of what risk areas to target, and how to best reduce each form of risk. The ability to avoid common costly pitfalls in … [Read more...] about Reducing Risks as a Mold Builder: Renegotiating contract Terms and Conditions
Closing in on a Domestic Industrial Strategy
by Omar Nashashibi, co-founder, The Franklin Partnership, LLC The US Congress and American manufacturers are one step closer to developing a domestic industrial strategy to counter China and invest in US supply chains. After months of delay, Democrats in the US House of Representatives released their counterproposal to the Senate’s bipartisan US Innovation and Competition … [Read more...] about Closing in on a Domestic Industrial Strategy
The Review Is in and the Tariffs Remain
by Omar Nashashibi, founding partner, The Franklin Partnership, LLC The Biden administration announced on Oct. 4, 2021, that the Office of the US Trade Representative (USTR) had completed its eight-month review of Washington’s trade policy toward Beijing. The review confirmed that the US will continue applying tariffs on imported Chinese goods and that USTR ambassador … [Read more...] about The Review Is in and the Tariffs Remain