Mueller Prost

7733 Forsyth Blvd.
Suite 1200
St. Louis, MO 63105 US

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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.

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.

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.

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.

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.

How to Reduce a Mold Shop’s Top Effective Tax Rate
U.S. Treasury and the IRS proposed rules on new flow-through deductions.

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.

The Bottom Line: Tax Incentives When Replacing Old Equipment
Tax items to consider when selling old equipment and replacing it with new equipment.

The Bottom Line: New Rules for S Corporations Offer Flexibility with Profit Taxes
The Protecting Americans from Tax Hikes Act (PATH Act) permanently shortened the S Corporation “built-in gain holding period,” making it more attractive for corporations to elect status as an S Corporation and the treatment that such a status incurs. This gives mold shops more flexibility as to how they are taxed on their profits and the eventual sale or transition of 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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