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.
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.
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.
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.
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.
Farmer sentiment improved again in July as the Ag Economy Barometer jumped to a reading of 153, an increase of 27 points compared to June. The index that measures farmers sentiment related to making large investments enjoyed the biggest two-month upswing since data collection began in 2015.
Although the landmark Wayfair ruling provides for a more even-handed application of the sales tax laws for brick-and-mortar retailers, its impact is projected to cost equipment dealerships an average $100,000 for compliance.
Employers in the Golden State are well aware that last year in Dynamex v. Superior Court the California Supreme Court adopted the ABC test for determining whether workers are employees or independent contractors.
Manufacturing posted a gain of 17,000 jobs in June, with durable goods accounting for the bulk of the increase. The result represented a rebound from four consecutive months of small gains or job losses. Makers of durable goods, products intended to last three years or longer, added 12,000 jobs last month, according to a breakdown by industryreleased…
In the near future, the U.S. House of Representatives is expected to consider the Raise the Wage Act (H.R. 582), which would more than double the federal minimum wage to $15 per hour. While the U.S. Chamber of Commerce is willing to work with members of Congress to develop a legislative package that includes an…