Board Converting News, October 11, 2021

CompanyBox (CONT’D FROM PAGE 24)

ny offers customers a one-stop shop packaging platform through . The site enables businesses to order high-graphic custom packaging along with an in- novative suite of customizable packaging products online. CompanyBox will be holding a ribbon cutting ceremony in November 2021. AICC Tip: Looking For Employees? Consider Paying Their Student Debt Congress gave employers a big reason to help pay down student debt with passage of the Consolidated Appropri- ations Act of 2021. Section 2206 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), expands the definition of educational assistance to include certain employer payments of student loans paid after March 27, 2020. The exclusion applies to the payment by an employ- er, whether paid to the employee or to a lender, of principal or interest on any qualified education loan incurred by the employee for the employee’s education. Qualified educa- tion loans are defined in chapter 11 of Pub. 970 Publication 970 (2020), Tax Benefits for Education. This exclusion ex- pires January 1, 2026, unless extended. You can exclude up to $5,250 of educational assistance you provide to an employee under an educational assistance program from the employee’s wages each year. This could serve as a valuable incentive when hiring.

To support the added capacity, additional converting equipment was installed, including two new Eterna diecut- ters from Brausse Group, a 2-piece stitcher gluer from Stitching and Gluing Solutions (S&G), a Vega Altair spe- cialty gluer with a SG20044 Easypack Unitizer supplied and installed by S&G, a rotary diecutter, and a Balemaster

central scrap system. “This investment will make what we believe to be the largest totally digital post print packaging company in the U.S.,” DeJesus says. He says the markets currently driving the most growth for digital printing include point-of-purchase in the bev- erage and spirits markets and e-commerce. The compa-

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October 11, 2021

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