Tax cuts: what’s in it for you?
September 1, 2003 By LP Gas
Let’s take a look at what The Jobs and Growth Tax Relief Reconciliation Act of 2003 means for you, the business operator.
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Let’s take a look at what The Jobs and Growth Tax Relief Reconciliation Act of 2003 means for you, the business operator.
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As the owners/operators of a small retail propane company neared retirement age, they chose to sell their business to a larger regional propane distributor. As is typical in this industry, the owners of the selling company were very active in the day-to-day operations, in the office as well as in deliveries and service to residential customers.
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In the first column in this series we addressed the importance of having a business plan and we outlined three basic elements of the plan: In Taking stock of your company, In Setting your goals, In Creating the steps to take you through each.
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Whether deciding when and how much to pay for overtime, keeping proper records or deciding whether to pay accrued vacation to a terminated employee, failure to understand the laws in this area can lead to significant penalties for the improper payment of wages to an employee.
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As promised, the bobtail tax was slashed and refunds are coming.
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It has been said that the typical small business owner would never consider taking a family vacation without first carefully planning dates of departure and arrival, obtaining hotel reservations, reserving tickets in advance for hard-to-get events and carefully laying out what to pack.
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The family business and the family farm are not only a nostalgic partof our nation’s history, but a critical part of our national economy. That’swhy perpetuating the family business is such a crucial goal for so manypropane company owners across the nation.
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Even with the major national firms slowing the pace of acquisitions, propane dealers nationwide can expect continuing consolidation as independent marketers struggle to remain financially competitive.
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This year’s annual Buyer’s Guide provides an expanded listing of vital information on propane products and services not found in any other single resource throughout the industry.
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