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 of excellence.

Our team regularly participates in industry associations and publishes articles and columns in trade publications. Our activities include:

  • Board service for MAPP
  • Speaking engagements throughout the country
  • Articles in industry publications

Our professionals 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. More Info>>

  • 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. More info>>

  • Tangible Property Regulations
    These 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 forklifts.

  • 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. More info>>

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:

  • Benchmarking
    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.
  • X-Vision®
    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 depreciable life.
  • 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.

For further assistance, contact:


Michael Devereux II, CPA, CMP
Partner and Director of Manufacturing, Distribution, and Plastics Industry Services
mdevereux@muellerprost.com
(314) 862-2070


 


 

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