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Potential Year-End Tax Savings on Equipment

With Congress passing into law The Tax Cuts and Jobs Act, the deduction limit for Section 179 has increased to $1,000,000 for 2018. The limit on equipment purchases likewise has increased to $2.5 million. This allows businesses to deduct up to $1,000,000 of the cost of new and used equipment in 2018. Additionally, the bonus depreciation is 100% and is made retroactive to 9/27/2017 and good through 2022. The bonus depreciation also includes used equipment. Read More

OSHA’s Five Year Look Back Period Cap No Longer Enforced

By Trent Cotney – Excerpted from the Cotney Construction Law Update Newsletter – September 2018 Prior to 2015, OSHA’s Field Operations Manual states that an employer may be cited for a repeat violation if “the citation is issued within 3 years of the final order date of the previous citation or within 3 years of the final abatement date, whichever is later.” In simple language this meant that OSHA may look back no further than… Read More

Fast Lane’s Best Call: a 20-Second Timeout

Contributed by Steve Fales Anyone who’s watched a professional football or basketball game is familiar with the concept of the 20-Second Timeout. Steve Fales When things are getting especially tense, the team calls a 20-Second Timeout. Everyone gets together on the sideline, takes a deep breath, discusses strategy, etc. Likewise, in our jobs or our personal lives taking just 20 seconds can make a big difference. Imagine you are getting ready to walk out the… Read More

PHCC Members Can Offer Customer Financing Options Under New Partnership with GreenSky Loan Program

Helping its members close more sales and grow their businesses, the Plumbing-Heating-Cooling Contractors National Association (PHCC) has partnered with the GreenSky® Loan Program, a leader in home improvement financing. As a new PHCC Preferred Service Provider, GreenSky gives PHCC members the opportunity to offer their customers flexible financing plans, such as no down payment/no interest promotions, as well as deferred interest, low interest and fixed payment options.* “This is an exciting new member benefit for our… Read More