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Breaking News
Employer mandate delayed for second year

The Obama administration on Monday announced it is delaying the employer mandate under ObamaCare until 2016 for some small businesses. This delay in the mandate — the second so far — would only apply to businesses with between 50 and 99 employees, who would have until January 2016 to decide whether to offer insurance to their employees or pay a penalty. Businesses would also be barred from cutting their workers in order to fall under the threshold. The employer mandate, a cornerstone of the healthcare law, was set to take effect in January, but the administration announced in July that companies would have until January of 2015 to comply.

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Section 179 Deduction and Bonus Depreciation 2014 Update

Section 179 of the Internal Revenue Code allows your customers to expense a portion of equipment purchases (new or used) in any given year.  This essentially allows customers to accelerate depreciation of the equipment and the related tax savings.  In 2013, this deduction could be used by any customer making purchases of equipment (or other property that must be depreciated) that totaled $2,000,000 or less in that year.   If your customer was in this category, $500,000 of these purchases could be deducted under Section 179.

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LIFO Coalition sends letter to Congress

A letter has been sent from the Coalition to the Hill in response to the tax reform drafts released last fall by Finance Chairman Max Baucus and the ongoing push for reform by the Ways and Means Committee.  The letter was sent to the Chairmen and Ranking Members of both tax-writing committees with copies to all Members of the House and Senate.

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From the NAEDA Office

Task Groups Formed and Ready for Action! Volunteers step up to study reshaping of NAEDA.

It is rare to have an opportunity to reshape an organization - especially, one that has more than 100 years of service to its members. Change is hard. It is controversial, politically sensitive and challenging, while status quo is comfortable and uncomplicated. However, change can also be invigorating, motivating and rewarding. It can offer a once-in-a-lifetime opportunity to assume a leadership role in positioning an organization for continued success - strengthening its foundation, refocusing its priorities, enhancing its value proposition and enabling its volunteer and staff leaders to focus on the goals and objectives of the organization.

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