Please note the Federal Government Small Business Indicators are self-reported by authorized National dealers. National does not confirm status.Reliable information from one of the largest Amish sites on the web. Eva Mitchell February 16th, 2017 Posted In: News, Press Release DES MOINES – In response to the passing of Republican-sponsored, SF213 and HF291, bills that gut a Chapter 20 law that has worked well for forty years to the benefit of working men and women in Iowa, IDP Chair, Derek Eadon issued the following statement: “This assault on worker’s rights is an attack on thousands of Iowa families. This bill does nothing to create jobs in Iowa, and it will only make it more difficult for Iowans to get ahead in the future. Bills targeting collective bargaining will adversely affect our children’s education, result in layoffs, compromise the safety of public employees and drive down wages across the state. The fact that Democratic lawmakers are showing up and pushing back against this bill highlights the fact that we are the only party standing up for the working men and women of Iowa.
We are a party that believes hard work should be rewarded and that we should keep promises to workers who have made our state what it is today. Eva Mitchell February 16th, 2017 Posted In: News, Press Release DES MOINES – Today, in Iowa and across the nation, businesses will close and thousands will march in support of a Day Without Immigrants. In response to this day of action that recognizes the significance of immigrants’ valuable contributions to our country, Iowa Democratic Party Latino/a Caucus Chair, Brenda Phongsavanh issued the following statement: “Iowa has a rich history of welcoming immigrants and refugees fleeing from poverty and life-threatening situations. The Latino/a Caucus stands in solidarity with protesters, students and activists and their strike to highlight the significant contributions of immigrants to our a society. Immigrants are the foundation of our nation’s history. American culture is an amalgamation of diverse ethnicities and global influences.
We should celebrate that culture and embrace everyone coming to our country in search of a better life. Eva Mitchell February 8th, 2017 Posted In: News, Press Release DES MOINES – Yesterday, Iowa House Republicans passed a bill along party lines that would prohibit charts and graphs from being used during debate. Republicans claim the bill was intended to preserve the decorum of the body. It appears, however, at least one Iowa Republican needs a refresher course on decorum and treating his constituents with respect and decency. Iowa Democratic Party Stonewall Caucus Chair, Devin Kelly issued the following statement today in response to State Rep. Ralph Watts’ use of an anti-gay slur at a Dallas County forum this past weekend : “At a Dallas County legislative forum on Saturday, state representative Ralph Watts referred to one of his constituents and former opponent by a used to denigrate and demean male homosexuals. This inflammatory term has no place in society, let alone a state legislative forum.
Rep. Watts owes the entire LGBTQ+ community an apology for his callous and offensive remarks. We cannot allow this type of behavior to become normalized and accepted as commonplace. Eva Mitchell February 7th, 2017 Posted In: News, Press Release DES MOINES – Iowa Democratic Party Chair, Derek Eadon, issued the following statement today in response to the introduction of HSB84, the bill that strips Iowa workers of the right to negotiate their wages & benefits with the State: “This bill is an overreach of power. The new big brother-style Republican government in Iowa has decided that their priority is not creating jobs, but is instead putting more people under the thumb of government bureaucracy. First it was women, with the bill to defund Planned Parenthood. Then it was students with the underfunded public school budget. Now it’s working people, and Republicans will certainly pass this bill too. Gov. Branstad or Kim Reynolds will sign the bill. When it becomes law, the result will be that firefighters, police officers, teachers, nurses and all public employees will hold a weaker position in terms of ensuring the safety of their workplace, the scope of their benefits, and the equity of their paychecks.
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Many small business owners wonder if they should buy new or used business equipment. Is it worth saving money by buying used? Or are there advantages to getting brand new business equipment? We talked to a few business equipment experts to get their take on this question. 911 Restoration helps homeowners recover from fires, floods and other destructive emergencies by cleaning, repairing and restoring damaged properties. Running a business that deals with messy, complicated cleanup and repair jobs requires a lot of expensive equipment – and sometimes it’s better to buy new. “Companies can always take advantage of the old adage, buy it cheap and you buy it twice,” Al Ruggie, PR Director of 911 Restoration, says. “With this in mind, many types of equipment that companies use the most should probably be purchased new instead of used. Think about it in terms of computers. Some people might say that buying a computer new is a waste of money because it will be obsolete once it’s pulled from the box, but this doesn’t take into account the fact that buying a computer used can lead to slower performance or even a crash, which may in the long run cost the company more than the amount that would have been spent on a new machine.
Depending on how high up the person is in the company, and how savvy they are with backups and the like, the more potential loss there is from an insufficient machine that crashes and potentially loses a major sale, contact information, company secrets or anything else that might be of value. Servers also fit into this category too.” Al recommends buying new technology and saving money by buying used office furniture and other non-tech items that are less essential to your business-critical operations. “Companies must take a long view approach to making purchases of technology, and with that in mind, probably stay away from making any used tech purchases all together,” Al says. “But for lots of other things around the office like desks, swivel chairs, cubicles, conference room tables and chairs, the break room refrigerator and even the phones for the whole office can probably be purchased used without anyone ever knowing the difference.” In addition to the daily business operations related to buying business equipment, it’s also important to keep in mind that there are some possible tax advantages when deciding whether to buy used or new equipment.
Laura Canales is a Certified Public Accountant in Boise, Idaho who works with business owners to maximize their tax savings by managing their business equipment purchases and deductions. Laura says that business owners need to think about the total picture of buying business equipment. “When buying business equipment, consider how long you will use it and what happens when you are done using it,” Laura says. “Take a delivery van, for example. If you expect to be using a delivery van in the course of your business for over five years, consider buying new. You will get far more use out of it (assuming you have not bought a lemon) well past the number of years you have to depreciate it for accounting or tax purposes, and you will have a van that is under warranty for any major repairs. From an accounting perspective, any equipment a business owner buys can be depreciated (taking a partial expense of the cost each year) over its useful life and tax regulations state that vehicles generally are expensed over five years.
So – after five years, its accounting value on the business owner’s books can be close to $0.00, or the van might have a salvage value (the fair market value of that van at the end of the five years) of maybe a few thousand dollars still on the books. The van still has value to the business owner, either with continued use or as an asset to sell. With continued use, not replacing it at the five-year mark gives you essentially expense-free transportation for your goods. The salvage value is also a consideration; if you choose to, you can sell that van for more than its book/salvage value to make a profit. Or you can donate the van to a recognized charity and receive an additional tax deduction for the salvage value.” Some business owners might think that there is an added tax advantage to buying new equipment, but Laura says this is not necessarily true. “The only tax advantage of buying new equipment instead of used is: bonus depreciation,” Laura says. “If a business owner needs additional deductions or expenses to lower taxable income in a particular year, and buys new equipment in that year, the owner is eligible to expense most or all of that equipment in the year it is purchased.
There are dollar amount limits to the deductions and they might change every year. This bonus depreciation is not available for any used equipment.” Kabbage Takeaway: Buying new business equipment can often give you peace of mind and perhaps save you money in the long run if you can avoid the hassles and repairs that come with used equipment. Especially for business critical machinery or technology – the things you need to protect your key data and deliver your value proposition to customers – new equipment is often best. But don’t be afraid to save money by buying used equipment in non-essential categories like office furniture, appliances and simple machines to keep your business running. Want to learn more about the Kabbage process? Check out these helpful links: Which business equipment do you buy new or used? How do you decide when to pay for new equipment or save money on used? Please leave a comment and let us know! About Latest Posts Latest posts by Ben Gran (see all) Small Business Owner Interview: Tessa Sarvay, Otis & Omar Boutique Small Business Owner Interview: Shannon Holly, Vino Diva Entrepreneur Profile: McKensie Mack, TIM App