Omar Nashashibi, Founding Partner of One Voice, will be guest speaker at the February 3 Chapter meeting. Omar always brings a lively, sometimes sobering message to the Chapter – reminding everyone why each member’s voice is an integral part of the political, legislative and regulatory processes in Washington, DC. February 3 meeting details
Now that Tax Credits have been extended, why not examine closely potential R&D Tax Credits?
Scott Schmidt, Principal of Black Line Group spoke at the January Chapter meeting on the 2014-extended R & D tax credit. If you want to hear more in follow-up OR if you missed the meeting but want to learn more (or share with your financial staff or advisor), NTMA (national NTMA) is hosting a webinar on Wednesday, January 21. Details are on the NTMA website or click here.
Scott shared some compelling testimonials from NTMA member companies – here’s just one: “Oberg Industries has been claiming R&D Tax Credits for a number of years through an internal process where we identified the R&D costs as we understood them. We would then give that cost number to our CPA firm, who would then calculate the credit amount due to us. Oberg had known of Black Line Group through our companies’ memberships in a couple of the same manufacturing associations and decided to engage Black Line Group for assistance with our R&D Tax Credit claim. As a result of their deeper knowledge and expertise of what truly qualifies as “R&D”, Oberg’s credit amount was significantly larger than what we claimed on our own, and our processes and documentation to support our claim are substantially better. Our ROI from working with Black Line Group is measured in enhanced cash flow and has been very meaningful. The process has more than paid for itself many times over.” (Jeffrey M. Mattiuz, CFO – Oberg Industries, Inc.). Scott noted, “This is a very relevant testimonial because many companies use the process that Oberg had in place where they attempt to identify the qualifying costs themselves and have their CPA compute the credit. While they are claiming a credit, they have no idea what they are missing, which usually is an amount that is greater than our fee.”
Each year the St. Louis chapter awards scholarships to qualified candidates currently attending or entering college or trade school to study machining, precision manufacturing, industrial technology or engineering.These scholarships are for the 2015-2016 academic year.
Completed application packets are due Thursday, April 30, 2015. Scholarship Application instructions and packet
NTMA’s newly re-focused Emerging Leaders* has a fabulous program launch planned, starting October 7 with a webinar “Stepping UP to Leadership ….. for Transitioning and Emerging Leaders.” Click here for Webinar details. Registration will be limited to foster quality interaction and discussion, so you’ll want to get signed up soon.
Some of you have already signed up to be part of this new group in NTMA – but it’s not too late to be part of this and similar programs. If you want to join NTMA’s Emerging Leaders group contact Kelly Kasner.
If you have emerging leaders in your company who might not have seen this promotion, consider the advantage of offering them the opportunity continue their professional development into that leadership role by joining the group. Feel free to forward this email to them. While this could certainly be an emerging owner, possibly your “next gen” family member who’s moving toward leadership in the company, the group is not limited to that profile. Leadership happens at many levels and this group is open to many, many different profiles.
*Emerging Leaders = formerly known as NTMA’s “Next Gen” team. Team Leader Zac Overton and Kelly Kasner, Chapter Exec with Michiana Chapter and part time NTMA staff member, are leading the charge to refocus and make this a truly dynamic group!
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!
St. Louis Area’s Customer Service at NTMA headquarters office is Rich Basalla.
St. Louis members are encourage to contact Rich regarding anything at the national NTMA level (including assistance with web site login).Rich Basalla, NTMA Membership Officer 1-800-248-6862 (firstname.lastname@example.org) click here for NTMA.org
Sally Safranski is the contact for anything related to the Greater St. Louis Chapter NTMA.