The timing couldn’t be better, as a few issues important to contractors and the HVAC industry in general will remain up for negotiation (or in some cases, renegotiation) in the upcoming session of Congress.
Doug Dougherty, CEO, Geothermal Exchange Organization (GEO), is optimistic the credits will still be implemented in time for the start of 2018 -- even if they're left out of the conferenced tax reform bill.
Telltale signs your company is headed for an audit
April 3, 2017
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.
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.
Last summer, Australia repealed its carbon tax, which, since July 2012, had been imposed on the country’s leading emitters of synthetic greenhouse gases controlled by the Kyoto Protocol.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?
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.
Your business is established. You have a good reputation in your industry and a good management team in place. Gone are the days of building the business and putting everything back into the company to grow. That’s the good part! But with success come other questions and concerns.
In this issue of The NEWS, we present the Residential Heating Showcase, featuring the latest heating equipment to hit residential HVAC. We also discuss developments in the tools and test instruments market.