Share Facebook Twitter Google + LinkedIn Pinterest By Brian E. Ravencraft, CPA, CGMA is a Principal with Holbrook & Manter, CPAsBusinesses can immediately expense more under the new law. A taxpayer may elect to expense the cost of any section 179 property and deduct it in the year the property is placed in service. The new tax law increased the maximum deduction from $500,000 to $1 million. It also increased the phase-out threshold from $2 million to $2.5 million.The new law also expands the definition of section 179 property to allow the taxpayer to elect to include the following improvements made to nonresidential real property after the date when the property was first placed in service:Qualified improvement property, which means any improvement to a building’s interior. Improvements do not qualify if they are attributable to: the enlargement of the building, any elevator or escalator or the internal structural framework of the building.Roofs, HVAC, fire protection systems, alarm systems and security systems are now subject to 179 expense.These changes apply to property placed in service in taxable years beginning after Dec. 31, 2017. Temporary 100% expensing for certain business assets (first year bonus depreciation)The new law increases the bonus depreciation percentage from 50% to 100% for qualified property acquired and placed in service after Dec. 21, 2017, and before Jan. 1, 2023.The definition of property eligible for 100 percent bonus depreciation was expanded to include used qualified property acquired and placed in service after Sept. 27, 2017, if all the following factors apply (old rule was the qualified property had to be new versus used property):The taxpayer didn’t use the property at any time before acquiring it.The taxpayer didn’t acquire the property from a related party.The taxpayer didn’t acquire the property from a component member of a controlled group of corporations.The taxpayer’s basis of the used property is not figured in whole or in part by reference to the adjusted basis of the property in the hands of the seller or transferor.The taxpayer’s basis of the used property is not figured under the provision for deciding basis of property acquired from a decedent. Depreciation limitations on luxury automobiles and personal use propertyThe new law changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017. If the taxpayer doesn’t claim bonus depreciation, the greatest allowable depreciation deduction is:$10,000 for the first year,$16,000 for the second year,$9,600 for the third year, and$5,760 for each later taxable year in the recovery period. If a taxpayer claims 100% bonus depreciation, the greatest allowable depreciation deduction is:$18,000 for the first year,$16,000 for the second year,$9,600 for the third year, and$5,760 for each later taxable year in the recovery period. Changes to treatment of certain farm propertyThe new law shortens the recovery period for machinery and equipment used in a farming business from seven to five years. This excludes grain bins, cotton ginning assets, fences or other land improvements. This recovery period is effective for property placed in service after Dec. 31, 2017. Now is the time to planNow is the time to be thinking how the new depreciation laws will impact your 2018 tax planning. Many other changes occurred as well that may impact your overall planning to minimize taxes; therefore, be sure to contact your tax advisor so you are taking advantage of all the new tax law offerings. Information for this article was obtained from IRS Fact Sheet 2018-9.Brian E. Ravencraft, CPA, CGMA is a Principal with Holbrook & Manter, CPAs. Brian has been with Holbrook & Manter since 1995, primarily focusing on the areas of Tax Consulting and Management Advisory Services within several firm service areas, focusing on agri-business and closely held businesses and their owners. Holbrook & Manter is a professional services firm founded in 1919 and we are unique in that we offer the resources of a large firm without compromising the focused and responsive personal attention that each client deserves. You can reach Brian through www.HolbrookManter.com or at BRavencraft@HolbrookManter.com.
Indian fast bowler Ishant Sharma was dropped from the Delhi Ranji trophy squad for the season opener against Rajasthan on October 2.”He didn’t answer our call nor responded to my text”, Vinay Lamba, DDCA senior selection panel chairman was quoted as saying by ESPNcricinfo.Ishant Sharma, who will miss the first Test against South Africa due to the one-match ban he collected during the recently concluded Sri Lanka series, had the opportunity to represent his state team in the season opener.Veterans shown doorThe selectors, who had a meeting with skipper Gautam Gambhir and coach Ajay Jadeja on Wednesday, picked a squad dominated by youngsters. They axed veterans Rajat Bhatia and Punit Bisht.Also read: Ranji Trophy: Gambhir named skipper, Jadeja may be mentor Youngster Unmukt Chand will be the skipper’s deputy. Delhi’s bowling attack looks formidable with Sumit Narwal, Pawan Suyal, Pradeep Sangwan and Parwinder Awana in the line-up.SquadGautam Gambhir (c), Unmukt Chand (vc), Vaibhav Rawal, Milind Kumar, Nitish Rana, Yogesh Nagar, Manan Sharma, Pulkit Narang, Sumit Narwal, Pawan Suyal, Sarang Rawat, Pradeep Sangwan, Parwinder Awana, Mohit Ahlawat, Dhruv Shorey
In-form Mumbai Indians will look to exploiting their home conditions when they take on Delhi Daredevils in an Indian Premier League (IPL) at the Wankhede Stadium here on Saturday.Sitting at the top with five wins in six matches, Mumbai will look for their sixth consecutive win in the ongoing edition as the home side seems superior to the visiting side on current form and paper.The Rohit Sharma-led Mumbai had a nagging concern about the non-performance of their top-order — but it also clicked in the last match against Punjab.Mumbai’s middle-order batsmen, especially Nitish Rana, Hardik Pandya and Krunal Pandya, have been in prime form.The bowling department seemed balanced as Mumbai have a bunch of experienced bowlers in their line-up.Veteran pacer Harbhajan Singh has been fantastic in the first six overs, while Lasith Malinga and Jasprit Bumrah have been consistent in the death overs. Mitchell McClenaghan has also provided the breakthroughs at the crucial moments.On the other hand, Delhi, who are currently at the fourth spot with two wins and three losses, lost their last match against Sunrisers Hyderabad (SRH) despite a good performance.Packed with young batsmen like Sam Billings, Sanju Samson, Karun Nair and Shreyas Iyer, the Zaheer Khan-led Delhi’s strength lies in their array of talented seam-bowling all-rounders.Bowlers like Chris Morris, Corey Anderson, Angelo Mathews and Pat Cummins provide the depth and balance to the side. But the exciting team sometimes faces an absence of a pivot around which the team will bat.advertisementSo, in the clash, Delhi will be eyeing a win this time to regain their winning momentum.
It was confirmed by the guys over at Rivals that Oklahoma State has offered defensive end, Emmanuel Ogbah a scholarship for 2012. He would be the second of a pair of strong defensive ends for the Cowboy after they got a commitmemt from Victor Irokanski at the end of July. Ogbah’s other offers include Tech, Baylor, and Arizona so it seems like if he doesn’t come it will be a playing time issue more than a “wow, these guys are a lot better than OSU” issue. Or if it’s Baylor it could be a money issue, I don’t know his financial situation. He’s listed as 6’4 but looks about 6’9 in this video. He’s raw (as you can see) and probably a little thin, but he really reminds me of a poor man’s Ugo Chinasa with some of these highlights. If you’re looking for the comments section, it has moved to our forum, The Chamber. You can go there to comment and holler about these articles, specifically in these threads. You can register for a free account right here and will need one to comment.If you’re wondering why we decided to do this, we wrote about that here. Thank you and cheers!
Editors’ Recommendations The New Land Rover Defender Is Just as Glorious as We Expected The Fine Art of Restoring a 1974 Range Rover Classic Land Rover has revealed its 2019 Range Rover lineup in full, including specs for its first plug-in hybrid model, the P400e. Other highlights for the new model year include a real-time wade depth monitor and more driver assistance features.A hybridized Land Rover may seem odd, but electric assistance is coming to every Jaguar and Land Rover vehicle by the end of 2020, so we’d better get used to the idea. Furthermore, e-boost comes in quite handy off-road — where Land Rovers have always excelled. Based on this author’s experience (I had a chance to pilot the P400e both on- and off-road late last year), hybrid tech improves the Range Rover’s premium driving dynamics and performance by a noticeable degree. The bump in efficiency doesn’t hurt either.To quickly recap the spec sheet: the P400e mates a turbocharged four-cylinder engine (rated at 296 horsepower) with an electric motor for a combined 398 horsepower and 472 pound-feet of torque. The Range Rover’s permanent four-wheel drive system works with an eight-speed automatic transmission to shuttle the P400e to 60 mph in 6.4 seconds and on to a top speed of 137 mph. A 13.1 kWh lithium-ion battery pack provides juice to the electric motor and can recharge in 2 hours and 45 minutes with a 220V outlet. At full capacity, the P400e can travel 31 miles on electric power alone. 1 of 10 Kia Telluride Is the Perfect Road Tripper for All Two- and Four-Legged Friends Next A Breakdown of All the Major Types of Car Racing Previous Another neat trick of the P400e is its Predictive Energy Optimization (PEO) system, which gauges the most efficient blend of gas and electric power based on a chosen destination (input via the navigation). Like other plug-in hybrids, the P400e also has a “Save” mode to maintain the SUV’s battery charge for later use. For example, if you want to use only gas or hybrid power on the highway and electricity in the city, you can control your usage accordingly.All 2019 model Range Rovers will also inherit Land Rover’s Wade Sensing system, which displays real-time wading depth via the digital driver monitor and infotainment. Adaptive cruise control with steering assist is also part of the driver assistance suite for 2019.The final bit of Range Rover news is the addition of a flagship model dubbed the SVAutobiography LWB (long wheelbase). With the most room and nicest amenities of the Range Rover fleet, the SVA LWB commands the highest premium ($207,900 to start). At the other side of the spectrum, the entry-level Range Rover costs $88,860. The new P400e slots in between at $95,150. All 2019 model year Range Rovers will arrive at dealers later this year. 6 Fastest Cars in the World Right Now
My location zoom StealthGas Inc., a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today as part of its fleet expansion program the acquisition of two newbuilding LPG vessels.Both vessels will be constructed in Japan. The first vessel is a 5,000cbm LPG carrier scheduled to be delivered in the fourth quarter of 2014; while the second vessel is a 3,500cbm LPG carrier scheduled to be delivered in the first quarter of 2015. This brings the total number of LPG carriers the Company expects to take delivery of from March 2014 to August 2015 to 17 for a total cost of approximately $345 million and the total value of its assets including the 17 vessels to approximately $1billion .Deposits of $75 million have already been paid and the Company intends to fund the remaining capital expenditure of approximately $270 million through bank finance and available cash. The Company has concluded negotiations with banks for firm commitments to finance 13 of these vessels for an amount up to $185 million, and has received indicative offers for additional bank finance of approximately $50 million for the remaining vessels including the two vessels whose acquisitions were announced today. The Company expects to conclude the remaining financing arrangements within the current quarter. The Company has entered into negotiations with the financing banks with respect to credit facilities under which balloon payments of circa $33 million are scheduled to be repaid during 2014 and based on their indications received expects to conclude the refinancing of such credit facilities within the second quarter of 2014.The Company also announced the conclusion of nine chartering arrangements for its LPG carriers. Six of them include purchase options by the charterer.The average Time Charter Equivalent rate for all these extensions excluding the two 7,200cbm vessels is approximately $285,000 per month whereas the Time Charter Equivalent rate for the two 7,200cbm vessels is $335,000 per month.With the above mentioned chartering arrangements charter coverage for the current fleet is elevated to 75% for 2014 and 41% for 2015. Three vessels are currently operating in the spot market. There are also three newbuilding vessels scheduled to enter the fleet in the second half of 2014 for which charters have not yet been arranged.The Company has also announced the hiring of two senior executives. Mr. Stavros Papantonopoulos has joined the company as Finance Manager. As a result, Mr. Harry Vafias will assume the role of interim CFO replacing Mr. Constantinos Sistovaris. Mr Papantonopoulos was previously employed by Goldman Sachs in New York followed by Eurobank Properties S.A. and before joining the Company he was a senior analyst for a well known US shipping fund. In addition, Dr. Diamantis Andriotis has joined the company as Chief Technical Officer (CTO) to oversee the technical management of the growing fleet and vessels under construction. Dr Andriotis was technical manager at Stealth Maritime and holds a Doctorate degree in mechanical engineering from City University, while he is also a member of the technical committees of some of the leading classification societies.Mr. Vafias commented “I would like to welcome both Mr. Papantonopoulos and Dr. Andriotis and believe that with their experience and vigor they will be valuable additions to our fast growing company. I would also like to thank Mr. Sistovaris for stepping in to provide his assistance at a time we needed to secure bank financing for our expanding fleet. We stay committed to growing this company further and in that respect have added two more eco newbuilds to our orderbook at a time when markets have been improving compared to the seasonal weakness experienced in previous quarters and now with 17 eco LPG carriers under construction with prompt deliveries we offer great optionality to our shareholders”. Print Close 此页面无法正确加载 Google 地图。您是否拥有此网站？确定 STEALTHGAS INC, February 3, 2014
zoom Secunda Canada LP, which is 50% owned by Siem Offshore, has entered into an agreement with Hibernia Management and Development Company Ltd and ExxonMobil Canada Properties for the charter of one offshore support vessel, referred to as an AHTS vessel, for a 5-year firm contract, with a total of 15-year options at charterers’ discretion, to support the Hibernia and Hebron fields offshore Newfoundland and Labrador.ILLUSTRATIONSecunda has negotiated an agreement with the Remontowa shipyard in Poland for the construction of a vessel of Rolls Royce UT 782WP design. The vessel shall be delivered in the fourth quarter of 2015, and shall serve the contract with the charterers.Siem Offshore and the Remontowa shipyard have subsequently agreed that the fourth of the four dual fuelled PSVa of VS 4411 design ordered by Siem Offshore in December 2013, shall be transformed from a firm contract to an option that can be exercised by Siem Offshore.It has also been agreed that the delivery dates for the second and third of the firm PSVs shall be in the first quarter of 2016.Secunda Canada LP, May 6, 2014
OTTAWA – With just weeks before legalization of cannabis for recreational use takes effect across Canada, municipalities are raising concerns over how pot sales will be regulated and who will foot the bill for added policing and other costs.In Ontario, cities likely won’t know until after this fall’s municipal elections how much time they have to decide whether to allow brick-and-mortar cannabis shops in their communities, a provincial official told municipal leaders Wednesday.The province’s Conservative government announced last week that municipalities would be given a one-time opportunity to “opt out” of hosting retail pot outlets.But a final opt-out date has not been set, said Nicole Stewart, who heads the provincial finance ministry’s cannabis retail implementation project.That means newly elected municipal politicians could have a very short window of time to decide whether they want to allow pot shops in their communities.But even before then, candidates stumping for votes will have to decide whether they support the opening of local cannabis stores.“This has now made it an election issue,” said Joy Hulton, solicitor for the Regional Municipality of York.“It doesn’t give (candidates) very much time to figure out what their position is, what their community wants.”Ottawa city councillor and deputy mayor Mark Taylor, who is not running for re-election, predicted it could fast become a top issue for electors.“I think what we’re going to quickly see is a question being asked to candidates all across Ontario as they knock on doors: ‘Are you in or are you out?’” said Taylor, who moderated a panel discussion about legalized cannabis at the close of the Association of Municipalities of Ontario’s annual conference.“Although it really hasn’t been an election issue to date, I think that’s going to change with the question that the province is really thrusting on municipalities.”Municipal elections are to be held Oct. 22 in Ontario — five days after the federal Liberal government’s cannabis legalization measures go into effect.While municipalities can decide not to endorse private marijuana shops, provincial officials say they will be able to opt in at a later date.Ontario residents 19 and over will be able to purchase cannabis online through the Ontario Cannabis Store as of Oct. 17, but sales at physical stores won’t start until April 2019.In the meantime, the Ontario government has promised $40 million over two years to help defray the costs associated with the changing legal status of cannabis, such as policing and courts. Quebec has pledged $60 million over the same period to support municipal and regional governments under its jurisdiction.But so far, they are the only two provinces that have agreed to transfer some of the excise taxes from pot sales that the federal government has agreed to share, said Vicki-May Hamm, president of the Federation of Canadian Municipalities.“It’s becoming a very urgent situation,” said Hamm, whose organization has posted a check list of sorts for municipalities outlining the many hurdles they face as cannabis legalization comes closer to reality.Municipalities will have to come to grips with issues that they may not have even thought about yet, such as how homegrown cannabis will affect water treatment systems or waste disposal, Town of Greater Napanee, Ont., chief administrative officer Ray Callery told the AMO conference.What happens when a truck load of garbage containing discarded cannabis crosses the Canada-U.S. border under contract with a private disposal company, Callery asked. Then there’s the question of how to compost large amounts of plants in municipalities where industrial cannabis growers are located, he said.“We need to be asking a lot of questions,” said Callery.“So we need to be taking a look at, from a wide variety of departments, how we deal with the implementation and how it affects us.”A police official, meanwhile, told the AMO gathering that police services across the province will be ready for legalization before Oct. 17.But municipalities have to put issues surrounding cannabis into perspective compared with other, arguably more urgent legal and health concerns, said Bryan Larkin, the chief of police for Ontario’s Waterloo region.“The more pressing concern for policing is really the opioid crisis,” said Larkin, who has served on chiefs of police associations federally and provincially.“People are dying across Canada (from opioid overdoses),” he said.“There are fairly significant ties to organized crime, illicit trafficking, preying on the vulnerable, it’s tied to mental health issues, housing issues.”
TORONTO — When Canadian heart throb Justin Bieber secretly married model Hailey Baldwin last year, tabloids said they didn’t bother with a fancy ceremony or a pre-nuptial agreement to protect their millions.“He was an idiot not to get a (pre-nup), but we have seen Justin do a lot of stupid stuff,” joked Farrah Kohorst, a Calgary-based lawyer specializing in family law.But according to Kohorst, 24-year-old Bieber — estimated to be worth $265 million — and 22-year-old Baldwin — rumoured to be worth $3 million — aren’t out of ways to keep their future earnings protected from each other, if they desire.Kohorst and other experts say the key to safeguarding assets when you didn’t sign a pre-nup lies in a little-known agreement that is growing in popularity: a post-nup.Often called a marriage contract under the Family Law Act, a post-nup can be signed before or after a wedding and can include clauses to decide what will happen to money, real estate, inheritances and pets if a marriage is dissolved.Kohorst and other lawyers say most people are prompted to sign a post-nuptial agreement at the behest of their parents or because they want to embark on a financial venture their spouse isn’t keen on sharing the risk for, they suddenly snag a large inheritance or gift they want to keep from their partner or they simply ran out of time to draw up a pre-nup while preparing for their big day.“I did one recently where the husband found out about a bunch of debt the wife had run up and he wanted nothing to do with that because it wasn’t disclosed to him,” said Kohorst.“I really pump these to my friends and family because we are looking at 40 per cent divorce rate and 60 per cent common-law breakdown (in Canada).”She often recommends couples who are trying to figure out what to put in a post-nup focus on their goals and think about whether children, new businesses or windfalls are headed their way. If someone agrees to waive their spousal support and not share property that is jointly held, Kohorst often suggests a settlement where the amount of money they receive for the dissolution of their marriage is based on the length of the relationship or is a portion of the net value of their assets.She also advises clients to look out for conduct provisions — clauses surrounding infidelity, weight gain and a minimum number of times a week or month a spouse has to agree to sex. They’re popular in the U.S., but are usually frowned upon and often not relevant to legal rights in Canada, she adds.Kohorst also said most clients don’t realize post-nups aren’t boilerplate documents that can be drawn up in a few days on the cheap. Most take more than one meeting and require several financial disclosures.“There is a difference between marrying somebody you think is worth $1 million, when they are really worth $50 million,” she said. “You might get a different deal.”In rush scenarios, Kohorst has seen post-nups come together in six to eight weeks and in situations with prominent families with plenty to protect, she’s charged up to $60,000 to represent her client.However, most people will spend a few thousand dollars for agreements that take three to four months to draw up.Kohorst pushes her clients to avoid signing them the same month as their wedding because if one is signed too close to the wedding, it can later be argued the agreement was made under duress. If clients insist, she adds a clause noting both parties agree they are not committing to the agreement under duress.Rick Peticca, a Toronto-based senior associate specializing in family law, said he recommends post-nups when clients are keen on getting a pre-nup but have six months or less until their wedding, putting themselves in a danger zone for duress arguments.He suggests signing an agreement well before the six-month mark to avoid those troubles and make use of negotiating advantages you have before tying the knot.“You have an option not to proceed with the wedding,” he said. “You lose that leverage after the wedding has occurred.”He has also seen people pursuing post-nups long after their marriage began in hopes of using the agreements as a “security blanket” against situations that recently arose.“I have a case right now where my client’s spouse was unfaithful and while they work things out, they want something in place,” he said, noting that post-nups should be made to fit each person’s unique situation and concerns.“Before someone just agrees to anything they really need to think of the consequences. It’s not just trying to satisfy your partner. There are real life consequences, so they need to ensure their views are properly reflected.”Tara Deschamps, The Canadian Press