New EPA Rules May Mean Higher Fuel Costs

Abstract: The Environmental Protection Agency (EPA) has moved to reduce sulfur levels in the air by upping emissions and gasoline standards. But the American Petroleum Institute and other trade associations argue that the regulators are vastly underestimating how expensive the new rules will be for businesses and consumers, while doing little to help the environment.[ … ]

Control Costs with Defined Contribution Health Care Plans

Control costs with defined-contribution health care plans Rapidly rising health care costs and new federal insurance requirements may leave many managers scratching their heads at how to obtain quality insurance products at a reasonable cost. New defined-contribution insurance plans provide more coverage choices for employees, while setting fixed costs for employers. These insurance plans, much[ … ]

Illuminate Ways to Reduce Utility Bills with a Lighting Upgrade

Abstract: Manufacturers who have been considering upgrading their plant’s T12 fluorescent lights need to act soon. The U.S. Department of Energy pulled the plug last year on production of most T12 bulbs and ballasts — the most widely used fluorescent unit for the past 60 years. Another option is to invest in newer, energy-efficient T5[ … ]

Comprehensive Analysis of Final Repair/ Capitalization and Proposed MACRS Disposition Regulations

(Source: CCH Incorporated) — The IRS’s long and tortuous repair regulation journey neared comple­tion with the issuance of final repair regulations in T.D. 9636 on September 19, 2013, and Rev. Proc. 2014-16 (I.R.B. 2014- 7, January 24, 2014) detailing the account­ing method changes needed to comply with the regulations. Unfortunately for taxpayers (and their return preparers),[ … ]

Employer Identification Numbers – Change in responsible party must be reported

Employer Identification Numbers – Change in responsible party must be reported to IRS(Source: Snell & Wilmer) –  When filing for an Employer Identification Number (EIN), which is required for purposes of tax administration, the applicant must disclose the name and taxpayer identification number (e.g., Social Security Number, Individual Tax Identification Number, or EIN) of the[ … ]