New York, NY, June 10, 2015 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Michael J. Devereux II, Partner and Director of Manufacturing & Distribution Services, Mueller Prost will speak at the Knowledge Congress’ webcast entitled: “IRC Section 199: Deduction for Domestic Production Activities – A 2015 Update Live Webcast.” This event is scheduled for August 4, 2015 from 12:00pm – 2:00pm (ET).
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About Mike Devereux
Mike Devereux joined Mueller Prost in 2000 in the firm’s tax department. As an energetic and ambitious accountant with an outstanding passion for tax, Mike has demonstrated leadership and exceptional judgment in the tax structuring of various acquisitions, has led hundreds of R&E Tax Credit study engagements, and is lead coordinator for Mueller Prost’s special tax incentives program. He is frequently asked to speak to various professional and industry trade organizations and associations about opportunities to reduce federal and state tax liabilities.
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.
About Mueller Prost
Mueller Prost is a team of CPAs and business advisors who provide a full range of professional tax, audit, accounting and management advisory services. The firm serves individuals and businesses across several industries, including Manufacturing, Distribution, Healthcare, Not-for-Profit, Real Estate, Construction, Retail, Hospitality and many more. From its inception in 1983, the firm has grown to become one of the leading locally-owned public accounting firms in the St. Louis area and employs over 100 professionals and staff. The firm operates from offices located in St. Louis and St. Charles, Missouri and Irvine, California – serving clients nationwide.
One of the biggest tax breaks for manufacturing firms, the ‘Manufacturing Deduction’, is available under Section 199 of the tax code. Some manufacturers may not be entitled to claim this tax deduction. Hence, to eliminate the confusion, the Large Business and International (LB&I) division of the IRS has issued new guidance for auditors.
The Knowledge Group assembled a panel of thought leaders and professional speakers that will provide an overview of the changes in the Rule and help companies and their counsel understand which entities can claim the Manufacturing Deduction and under what conditions and circumstances under Section 199 Rule in Manufacturing Contracts.
Key topics include:
- Section 199 Overview
- Qualified Production Activities Income (QPAI)
- Key Provisions on Domestic Production Activities Deduction
- New IRS Guidelines
- Tax Regulations
- Two Key Certifications
- Manufacturers Eligibility
- Benefits and Burdens
- IRS Audit Guides: Insights
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/