IRS Issues Regulations Favorable to Dealers
On Friday, September 13, 2019 the IRS issued final and proposed regulations that clarify bonus depreciation and interest expense for dealerships with floor plan financing.
Lawmakers rush to pass bills as session closes
As the California legislature wraps up the 2019 session Sept. 13, lawmakers push to pass bills that will have a significant impact on agriculture and businesses in the state, including Senate Bill 1, Senate Bill 54, Senate Bill 468 and Assembly Bill 5.
HBK Partnership Announcement
Far West Equipment Dealers Association welcomes HBK Financial Consultants to our Preferred Provider Program. Preferred Providers are screened and approved to support FWEDA dealers with incentivized products and services. FWEDA welcomes HBK Financial Consultants to our Preferred Provider Program.
California Tax Laws Update
On July 1, California Governor Gavin Newsome signed Assembly Bill 91 into law, selectively conforming California’s tax laws to certain changes made under the Tax Cuts and Jobs Act of 2017 (TCJA) limiting like-kind exchanges of real property after Jan. 10, 2019. California state tax law does not automatically mirror federal tax law.
Federal appeals court favors farm equipment makers in challenge to 2017 North Dakota law
A federal appeals court sided with a group of farm equipment makers that challenged a 2017 North Dakota law regulating the relationship between manufacturers and dealers Friday, Aug. 2.