On November 6, President Barack Obama signed into law the Worker, Homeownership, and Business Assistance Act of 2009 (Public Law Number P.L. 111-92). This legislation provides welcome relief for companies across a wide range of industries that are working to stabilize their businesses and prepare for the eventual recovery of the economy.
According to the official Senate Committee on Finance release:
The net operating loss carryback (NOL) provision is expanded to allow U.S. companies of ...
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Category: ‘Industry News’
Plight of equipment and construction industries getting media traction
October 28th, 2009 by Sam SmithThe Start Us Up USA campaign, which we've written about a couple of times in recent days (here and here) is starting to get the attention of the national press. Note the discussion around heavy equipment and construction in this article from today's Wall St. Journal: But without a reauthorization bill to replace the existing law, transportation funding remains at current levels for an indefinite period. That has made states and companies reluctant to start new, long-term projects ... (Read the rest of this entry)
Start Us Up USA campaign to stage demonstration on the National Mall in DC
October 26th, 2009 by Sam Smith
The AED- and AEM-backed Start Us Up USA campaign, which we noted on the Exchange Blog last week, will stage a massive demonstration on the National Mall in Washington, DC this Wednesday to call lawmakers' attention to the state of the heavy equipment and construction industries, which the organization says are in a full-blown depression. According to a joint AED/AEM/Start Us Up USA release:
To make their point, equipment dealers, manufacturing ...
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PLS Playmakers conference rescheduled
October 22nd, 2009 by Sam Smith
The PLS Playmakers symposium, originally scheduled for this week, has been moved back to December 2. This Oil & Gas industry forum brings together executives from a wide range of industry-leading O&G enterprises, providing them with an opportunity to conference with the world's most important explorationists, land managers, legal advisors, service company professionals, investment advisors and capital providers.
Featured speakers this year include Bobby Tudor, Chairman & CEO of Tudor Pickering & Holt, LLC; Danny ...
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Construction and equipment industries in a depression? New site urges action
October 19th, 2009 by Jim Burnett
The state of the construction and equipment industries is worse than most people realize. According to a new project just launched by our partners, Associated Equipment Distributors:
While the country is in recession, the state of the construction and equipment industries is more like a depression, reflecting the worst conditions our industries have seen since the end of World War II. Skilled, well-paid workers are idle while we tolerate a transportation infrastructure that is ever ...
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New oil & gas case study illustrates quarter billion dollar tax benefit potential from 1031 exchanges
October 16th, 2009 by Sam SmithWe've noted the value of 1031 exchanges for the oil and gas industry, and have just completed a new case study based on an Accruit client. The results are staggering - since launching their like-kind exchange program, this energy giant has positioned itself to reap more than $250 million in cash flow benefit. In addition to the direct financial value, Accruit's patented process (the only one in the industry) and advanced technology platform have provided significant asset management benefits, ... (Read the rest of this entry)
“Don’t pay your taxes”? Can we please stop saying things like this about 1031 exchanges?
September 10th, 2009 by Sam SmithI just came across this headline at Real Estate News Dispatch: "Don’t Pay Taxes on Your Capital Gains: 1031 Exchanges" The article does acknowledge, three paragraphs in, 1031 exchanges are a deferral. (For the uninitiated, yes you will eventually need to pay your taxes.) But that doesn't excuse the splashy headline, which is clearly designed to attract attention without regard for whether or not it's misleading the reader. We certainly see this kind of tactic everywhere we look these days (mainstream ... (Read the rest of this entry)
AED launches new blog
August 18th, 2009 by Sam Smith
Associated Equipment Distributors (AED) have launched a new blog dedicated to addressing the business concerns of companies and professionals in the heavy equipment industry. The content so far looks to be of tremendous value:
- Kim Phelan, AED's Executive Editor and Director of Programs looks at the "Profile of the Banker's Ideal Dealer."
- Jeff Lefebvre, Ph.D., President and Founder of PriSim Business War Games, considers the current economic climate and argues that there are
Pebble Beach Automobile Weekend Schedule 2009
August 6th, 2009 by Jim BurnettSports Car Market magazine has a fantastic guidebook that details all the events, auctions, concours, rallies and tours available online or in print. For the digital version, click here. Look forward to seeing you there!