Articles Tagged with ''Taxes and HVACR''

My objective with this article is to share with you the elements of current U.S. tax laws and the potential future changes that could affect you and your business. I intend to cover the Tax Increase Prevention Act of 2014.

Last summer, Australia repealed its carbon tax, which, since July 2012, had been imposed on the country’s leading emitters of synthetic greenhouse gases controlled by the Kyoto Protocol. Could a tax that targets carbon dioxide emissions and refrigerants be headed to U.S. shores?

Overview – After years of court battles, temporary regulations and administrative guidelines, the IRS has issued the Final Regulations (TD 9636).  

The Heating, Air-conditioning and Refrigeration Distributors International (HARDI) joined over 35 industry groups and advocacy organizations supporting House Ways and Means Committee Chairman Dave Camp (R-Michigan) and Congressman Kevin Brady’s (R-Texas) calls for a vote on Brady’s “Death Tax Repeal Act,” HR 2429.

Death and taxes are the two guarantees in life, and unlike death, taxes occur repeatedly. Arriving in the form of filing deadlines and bills due, both federal and state tax laws can be intricate for individuals as well as for businesses. 

Running a successful business is fantastic. However, with success come other issues like how to manage taxes, one’s income, etc. Many are aware of “qualified plans” or programs like 401(k) and defined benefit plans. But there are, I’ve found, many misconceptions about qualified plans.

Madonia has made quite an impact, testifying before a congressional subcommittee and participating in a full press conference organized by Sen. John Thune, R-S.D., and Congressman Kevin Brady, R-Texas, regarding the repeal of the estate tax.

From the tax increases at the beginning of the year to the uncertainty surrounding the cost of the Affordable Care Act, 2013 has proven to be challenging for many small business owners in this industry. While numerous new laws and standards have had an influence on many in the HVAC industry this past year, a handful of major issues have affected distributors nearly across the board.