Michael Devereux, II
Partner and Director of Manufacturing, Distribution and Plastics Industry Services
Tax Law Changes Impacting Blow Molders
Presentation Description:
Over the past 18 months, Congress has passed significant tax legislation impacting the bottom line of blowmolders. Moreover, the U.S. Treasury departments has promulgated Treasury Regulations implementing the Tax Cuts and Jobs Act, which created numerous opportunities for plastics processors. Mike will discuss how these provision impact plastics processors and other in the industry.
Michael will cover the following topics:
- The tax impact of the CARES Act on the plastics sector and planning opportunities that come along with the relatively new law.
- The tax changes made by the Consolidated Appropriations Act, 2021 for the plastics sector.
- The new Democratic majority tax implications for business owners (and/or any new laws that have passed under the Biden Administration at the time of the conference).
- Update on the Payroll Protection Program (PPP), along with tax implications.
- Tax regulations released over the past 18 months impacting blowmolders
Speaker Biography:
Mike Devereux joined Mueller Prost in 2000 in the firm’s tax department and became a partner of the firm in 2014. As an energetic and ambitious CPA with an outstanding passion for tax, Mike has identified millions of dollars in tax incentives for the firm’s manufacturing clients, has led hundreds of R&D Tax Credit study engagements, and has demonstrated leadership and exceptional judgment in the tax structuring of various acquisitions. He speaks nationally to various professional and industry trade organizations and associations about opportunities to reduce federal and state tax liabilities and has written dozens of articles for trade publications.
Prior to joining Mueller Prost, Mike worked for his father’s CPA firm beginning at the age of 13, thus setting the stage for a career in public accounting. His fervor for tax legislation that impacts his clients is unmatched and drives his pro-active approach to serving clients.
Mike Devereux’s primary focus is on tax law and incentives for the plastics sector. Mueller Prost’s Plastics Industry Group is nationally recognized and has assisted numerous SPE members capture these benefits. Mike regularly speaks at national plastics conferences, including the ABC.
