Wipfli LLP
7733 Forsyth Blvd.
Suite 1200
St. Louis, MO 63105 US
314-480-1223
wipfli.com/manufacturing
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As Seen On Moldmaking Technology
Wipfli LLP Supplies the Following Products
- Consulting Services
- Data Management Services
Editorial, News, and Products
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Up Close and Personal With Precision Molds and Molding
MoldMaking Technology's Christina Fuges and Tony Deligio with Plastics Technology were onsite together at the Dynamic Group in Ramsey, Minnesota, to see how its moldmaking and molding capabilities come together to grow the business as part of an AMBA Facility Tour.
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MGS Mfg. Group's Paul Manley Recognized as Wisconsin Titan 100 Recipient
The 2023 Wisconsin Titan 100 honor MGS Mfg president and CEO as a leader shaping the future of the Wisconsin business community.
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Year-End Tax and Cash-Flow Planning
Three proactive tax planning strategies to impact cash flow and income tax liabilities.
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Understanding the Implications of Tax Filing Extensions and COVID-19
These tax tips will help mold builders take advantage of filing extensions and increased benefits from tax law updates.
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Fraud Risk Management Strategies for Mold Shops
Mold builders must understand fraud so they can reduce the risk and improve profitability and efficiency.
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Evaluating the Impact of Changes in Tax Rules and Accounting Methods
A look at regulations the Treasury Department released that are impacting mold builders.
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Tax Relief to Help Manage the Impact of COVID-19
U.S. Congress and Treasury have provided relief to mold shops since the beginning of the coronavirus via accelerated deductions, new tax credits, guidance around these benefits and extensions on the time to file and pay taxes.
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Tax Reform for Mold Builders: 30 Months After Enactment
A review of the impact the Tax Cuts and Jobs Act of 2017 has had on mold builders over the past two years.
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How to Start Planning Your Business Exit
Now is the time to start the planning process for exiting your business whether you plan to exit within the next year or 10 years from now.
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Cost Segregation Study: A Lucrative Tax Strategy
A cost segregation study will maximize a mold shop’s depreciation benefits, decreasing current tax liability, improving cash flow and increasing after-tax profits.
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Do a Technology Risk Assessment to Protect Your Shop
The road to protecting your shop’s information starts with a technology risk assessment that identifies areas to protect and areas to consider public knowledge.
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PODCAST: Interview with Our Tax Guy, Mike Devereux
MMT Editorial Director Christina Fuges sat down with The Manufacturing Alliance Podcast for a lively conversation with Mike Devereux of Mueller Prost who brings tax knowledge and expertise to the brand’s monthly The Bottom Line column.
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Understanding the New Flow Through Deduction
The qualified business income deduction of the Tax Cuts and Jobs Act gives mold shops a 20-percent deduction of qualified business income to all non-corporate taxpayers, but it comes with some qualifications, restrictions, and limitations.
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New Tax Rules for Employee Parking Expenses
The qualified transportation fringe with the greatest impact on mold builders is qualified parking provided to their employees at no cost.
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Tax Reform: Changing the Rules of Business Losses
The Tax Cuts and Jobs Act has changed the way many mold builders account for their business losses. The new rules impact the tax treatment for business losses regardless of a company’s structure.
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Understanding Business-Meal Deductions
Mold builders must account for meals and entertainment separately, as no deduction is allowed for entertainment in 2018 and beyond.
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How to Reduce a Mold Shop’s Top Effective Tax Rate
U.S. Treasury and the IRS proposed rules on new flow-through deductions.
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The Impact of Tax Reform on Bonus Depreciation
Tax reform made the following changes to the bonus depreciation rules: a new 100-percent bonus depreciation percentage, an expanded definition of eligible property to include used depreciable property, and an extended placed-in-service phase-out date from before January 1, 2020, to before January 1, 2027.
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Tax Reform Limits and Eliminates Popular Deductions
The Tax Cuts and Jobs Act of 2017 made several changes to the manner in which mold shop determine taxable income.
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The Impact of Tax Reform on Capital Expenditures
The Tax Cuts and Jobs Act includes a provision for how mold builders should account for capital expenditures.
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How Tax Reform Impacts the Accounting Methods of Mold Shops
The Tax Cuts and Jobs Act of 2017 code may broaden the accounting methods available to mold builders with average annual gross receipts of less than $25 million for the prior three tax years.
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Tax Reform Impact on Research Incentives
Tax reform changes the benefits of the R&D tax credit and the alternative minimum tax.
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The Bottom Line: Taxation of Mold Builders: 1998 vs. 2018
Tax laws are much more favorable for mold shops today than they were 20 years ago.
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The Bottom Line: The Impact of Tax Reform on Moldmaking
The Tax Cuts and Jobs Act of 2017 should decrease a moldmaker’s overall tax liabilities.
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Bottom Line: Personal Goodwill Indicates the Value of a Mold Shop for Sale
Carefully evaluating corporate and personal assets uncovers opportunities for significant tax savings when selling a mold business.
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The Bottom Line: Identifying the Value Drivers for a Mold Shop
Paying attention to the basic value drivers that promote sustainable growth helps mold shops build value in their businesses.
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The Bottom Line: Income Tax Nexus: Are You Protected?
Companies engaging in certain activities across state lines create a tax nexus, meaning that the company must pay income taxes in those states.
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The Bottom Line: Increase Your Retirement Investments Value
Strategies to increase your Roth 401(k) for retirement.
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The Bottom Line: An R&D Tax Credit Update
This credit seems to be the most significant way a mold builder can reduce its income tax liabilities.
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The Bottom Line: New IRS Audit Strategy
This strategy focuses on 13 issues that the agency believes will generate the most tax revenue. Here are the three most relevant ones to mold builders.
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Stake Your Claim with R&D Tax Credits
It’s tax time. Are you getting all you can from the R&D Tax Credit for your business?
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The Bottom Line: Changes to Revenue Recognition Requirements
Once effective, the ASC 606 standard will replace about 180 pieces of industry and transaction-specific rules under U.S. Generally Accepted Accounting Principles.
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The Bottom Line: Hiring Tax Incentives
The Work Opportunity Tax Credit (WOTC) is a voluntary employment tax incentive program sponsored by the federal government since 1978.
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The Bottom Line: Correcting Errors on Income Tax Returns
Any company can make mistakes when filling out a tax return, but sometimes those mistakes can work in your favor.
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The Bottom Line: Deducting Meals and Entertainment Expenditures
Is your shop in compliance?
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The Bottom Line: Hire a Veteran!
The Work Opportunity Tax Credit provides an incentives for hiring former members of the armed services.
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The Bottom Line: Weathering the State Tax Nexus Storm
Under this concept, a company has sufficient physical presence in a state for that state to subject that company to taxes.
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The Bottom Line: A Method to the Tax Madness
Every shop must adopt a method of accounting for activities within its business, and cash and accrual methods are two commonly used ones.
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The Bottom Line: Tax Extenders Package
The Protecting Americans from Tax Hikes Act of 2015 retroactively extended many important tax provisions and modified others.
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New Property Regulations - Capitalization vs. Expense
Federal and state income tax compliance can be a burden for mold builders. The tax code and related guidance changes daily, creating both opportunities and exposure. This series aims to provide industry-specific guidance to help mold builders minimize these burdens within the letter of the law.
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New Regulatory Impacts
New guidelines from the U.S. Treasury may affect when moldmakers can claim the R&D tax credit.
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Tax Benefits from Manufacturing in the U.S.
The IRS has issued recent guidance related to the domestic production activities deduction (DPAD) that may be particularly favorable to moldmakers.