Taxes and hvacr - Articles - Page 5

Moving Tax Reform Forward

The current state of the economy and its future

July 10, 2017

Long before President Trump was elected in surprise fashion in November, the House Ways and Means committee quietly put together a plan to modernize our tax system. It was published June 24, 2016, and is known as “A Better Way: Our Vision for a Confident America”, which is available online for review.

Construction Firms Add 5,000 Jobs in April

Specialty trade jobs dip slightly

May 30, 2017

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The Bureau of Labor Statistics (BLS) released its April jobs report, revealing that employment in the construction industry increased by 5,000 jobs (seasonally adjusted). While the economy added 211,000 jobs, total specialty trade employment contracted nominally, shedding 1,500 positions in April.

HVACR Aims to Tackle Tax Reform

HVACR organization lobbyists express the industry’s concerns as Congress approaches tax reform

Samantha Sine

May 8, 2017

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While many officials representing several leading HVACR industry associations applaud the Trump administration’s initial efforts on tax reform, they’re still actively lobbying in Washington on the industry’s behalf.

Doing Your Own Taxes

Telltale signs your company is headed for an audit

April 3, 2017

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There is no doubt that we’ve come a long way from the 1990s, when there were very few people who knew the tax code and could fill out a paper IRS form properly. Now, technology is widely available, and many can create and file their own returns in a matter of hours and avoid any issues going down the road.

ACCA Hails Introduction of Legislation to Repeal Death Tax

The death tax costs all taxpayers

February 2, 2017

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ACCA, the Indoor Environment & Energy Efficiency Association, applauds the introduction of bipartisan legislation that would permanently kill the onerous death tax. The Death Tax Repeal Act of 2017 was introduced this week by Sen. John Thune, South Dakota Republican, and by Reps. Kristi Noem, South Dakota Republican, and Sanford Bishop, Georgia Democrat.

HVAC Distributors Announce 2017 “Heat Up the Hill” Initiative for Death Tax Repeal

The tax causes harm in both life and death

January 27, 2017

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Heating, Air-conditioning and Refrigeration Distributors International (HARDI) announced its 2017 initiative to repeal the federal estate tax. This year HARDI members will “Heat Up the Hill” to support South Dakota Republican Sen. John Thune and Rep. Kristi Noem’s Death Tax Repeal Act of 2017, S. 205 and H.R. 631.

HARDI Launches Initiative for Death Tax Repeal

January 26, 2017

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The majority of HARDI members are family owned and operated businesses that could be devastated by the death tax.

HVACR Industry Alliance Outlines Policy Priorities

Letter to VP-elect Pence focuses on jobs, economy

January 17, 2017

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On Jan. 6, the HVACR Industry Alliance sent a letter to Vice President-Elect, Mike Pence, outlining the industry's priorities and offering support to the incoming Trump administration in accomplishing the goals in the letter.

Election Results Offer Hope on Death Tax

The HVAC industry continues to support repeal of the estate tax

Samantha Sine

November 28, 2016

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Many in the HVAC industry have fought against the Estate Tax for several years, change may finally be on the way in the form of president-elect Donald Trump, who has said from the beginning that he intends to completely repeal the estate tax.

Understanding Exit Planning and Succession, Part 2

Kevin Kennedy

July 25, 2016

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Exiting and succession are not events but complex processes that take time. The exit plan will get the process started, while the succession plan will bring everything together to allow an owner to gracefully exit the business and protect his or her wealth.