Guest Speaker: Omar Nashashibi, NTMA/PMA One Voice
Every time Omar comes to the Chapter meeting, there is a collective and common response to his presentation – “Wow!”

  • Keen and insightful observations on the dynamics of upcoming Presidential and Congressional/Senate elections
  • Thoughts about which local elections cycles are important and who the players are
  • Updates on legislative and public policy developments that directly impact your business’ bottom line and future

Everyone – regardless of their political position, interests and knowledge – will find thought-provoking take-aways from this meeting. Come discover your own “wow!” response!

Come network with your peers, meet new business associates. You’ll be glad you took time out of your busy schedule to attend.

Tuesday, February 2

Networking starting at 5:30 p.m.

6:00 p.m.  Dinner, brief chapter meeting and speakers
$35/person

Spazio Westport

(located in the Comfort Inn St. Louis – Westport)

12031 Lackland Road

St. Louis, MO 63146

Register now!
All you need to do is email the office with the name(s) of those attending.
You’ll receive an invoice – then you can pay by check (mail or bring to the meeting), cash or
Visa/Mastercard/American Express – you can pay with credit card online now!

RESERVATIONS DUE no later than Thursday, January 28!

January 12 Chapter Meeting

Comments Off, Meetings, by sally.

IMTS 2016: Strategies for a Successful Experience

Are you planning to attend IMTS 2016 (International Manufacturing Technology Show) in Chicago, or are you considering attending? The speakers panel presented some great thoughts on making this year’s IMTS the best yet.
Thank you to speakers:
  • Mark Kennedy, The Association for Manufacturing Technology (AMT), IMTS show sponsor
  • Bob Davis, Sunnen Products
  • Kelly Kasner, NTMA
  • panel moderator, Micki Vandeloo (Versatech)
ITMS is the world’s largest manufacturing technology shows, with over 2,000 exhibiting companies occupying 1.2 million net square feet of exhibit space at the McCormick Place complex in Chicago. 114,000 buyers and sellers from 112+ countries know this is the place manufacturers will gather September 12-17.

Speakers panel presenting thoughts on a successful 2016 IMTS experience

Black Line Group is pleased to announce that The Protecting Americans from Tax Hikes (PATH) Act of 2015 was signed into law on Friday, December 18, 2015.  The PATH Act of 2015 made the Research and Development Tax Credit (“R&D”) permanent for the first time in the credit’s 34 year history!  The credit is permanent for costs related to qualified activity incurred after December 31, 2014.

In addition to permanently extending the research credit, the new rules significantly enhance how taxpayers will benefit from their research tax credits, utilizing the following provisions:

  • Eligible Small Businesses may claim the credit against the Alternative Minimum Tax (AMT):  Eligible small businesses, defined as those with average sales of less than $50 million over the prior three tax years, will be able to use the credits to offset AMT for tax years beginning after December 31, 2015.
  • Some Start-Up Companies may offset Payroll Taxes with the credit:

o   Beginning in tax years beginning after December 31, 2015, certain start-up companies will be allowed to utilize the research credit to offset the employer’s payroll tax (i.e., FICA) liabilities.

o   These companies must meet certain criteria, such as having sales of less than $5 million per year.  Further the credit may not exceed $250,000.

Every year, a large number of eligible companies across the country, particularly S Corporations, do not pursue the R&D Tax Credit because AMT prevents them from using the R&D Tax Credits that they could generate.  These improvements will be extremely beneficial to businesses.  Research credit filings and utilization will significantly increase as a result of this legislation.

In addition, companies that expect to start pursuing the R&D Tax Credit in 2016 for the first time should get ahead of the game and immediately start documenting/tracking their “qualified costs” so that they are in a good position one year from now when they are preparing to do their 2016 taxes.

The definition of Research and Development is much broader than most people realize. Costs that companies incur associated with developing and/or improving a product or process can potentially generate R&D Tax Credits. Manufacturers of all kinds, including those that design and develop their own products, as well as contract manufacturers and job shops can take advantage of the R&D Tax Credit.

Companies that make parts for their larger OEM customers, including metal stampers and fabricators, precision machinists, mold builders and plastic injection molders, tool and die makers, often do not know or believe that they are doing R&D, but should evaluate whether they are eligible for the credit.  In addition, there can be significant R&D activities related to software development, technology and engineering companies.

For companies that have yet to take advantage of the R&D tax credit, this potentially can mean the creation of immediate and substantial amounts of cash—typically into the tens of thousands of dollars each year, the reduction of future tax liabilities and improved cash flow.

To learn more about the R&D Tax Credit and Black Line Group’s approach, email Scott Schmidt, call him (763-550-0111) or visit Black Line Group’s website where you can watch a short video explaining the R&D Tax Credit opportunity and take a short 10 question assessment.

Although we don’t print a formal membership roster, since they are pretty much obsolete the minute they are printed, we DO have membership lists available for NTMA members, associate members and educational members. Contact Sally to get yours!

NTMA Headquarters Resource

Comments Off, Announcements, by sally.

St. Louis Area’s Customer Service at NTMA headquarters office is Kelly Kasner.

St. Louis members or potential members are encourage to contact Kelly regarding anything at the national NTMA level (including  assistance with web site login and how to join NTMA).

Kelly Kasner, Midwest Membership & Chapter Services Executive
1-800-248-6862 (kkasner@ntma.org)
click here for NTMA.org

Sally Safranski is the contact for anything related to the Greater St. Louis Chapter NTMA.

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