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More Than A ‘Manufacturers’ Tax Break The American Jobs Creation Act Of 2004

The American Jobs Creation Act of 2004, began as a bill to compensate exporters for the repeal of a controversial $5-billion annual tax break labeled as an “illegal trade subsidy’ by the World Trade Organization. Two years later, the law that emerged, the fifth major tax cut in four years, has ballooned into a $145-billion tax break for everyone.

Read more: More Than A ‘Manufacturers’ Tax Break The American Jobs Creation Act Of 2004

Congress Opens Federal Contracting Opportunities

ALEXANDRIA, Va. – The Senate has passed the Fiscal Year ’04 Omnibus Appropriations bill that provides budgets for many federal departments including the Department of Veterans Affairs.

The bill passed by a vote of 65-28, and includes a provision of the Transportation-Treasury Appropriations bill providing temporary relief from Federal Prison Industries’ (FPI) status as an exclusive source for products and services. Efforts had previously been underway in Washington to provide legislative relief to federal departments required to purchase items such as laundry services, textiles, furniture etc., from FPI.

Read more: Congress Opens Federal Contracting Opportunities

New Tax Bill Sets Stage For Sales

The tax bill recently passed by the U.S. House and Senate not only provides tax cuts for individual taxpayers; it also greatly benefits business owners. New tax incentives make 2003 the opportune time for on-premise and coin consumers to invest in new equipment.

Read more: New Tax Bill Sets Stage For Sales

Due Diligence

How many of us have interviewed with a prospective employer, accepted a job offer only to find out that the real life picture is dramatically different than what was described during the interview process?

You could say that candidates are at an unfair disadvantage. After all, employers typically initiate telephone conversations with your past employers to confirm your credentials. But what do you, the candidate, have to base your employment decision on, besides the employer’s description of the position’s responsibilities, their expectations and their current issues?

Read more: Due Diligence

Entertain, Travel, Enjoy And Profit

Although April 15th has passed, this is the perfect time to start thinking about taxes - next year's tax bill. You may have missed some tax saving opportunities last year, either because you didn't know about them or because you didn't save the receipts. By educating yourself now, you won't make the same mistakes next year and you'll be able to take full advantage of the possible tax deductions you may be entitled to next year.

Read more: Entertain, Travel, Enjoy And Profit

Quick Rinse - News From Around The World

Gulf Coast Laundry Acquired by Swisher Hygine

CHARLOTTE, N.C. — Swisher Hygiene Inc., a provider of hygiene and sanitation products and services, announced that it acquired Gulf Coast Laundry Services of Mississippi, LLC (“Gulf Coast Laundry Services”), a Mississippibased linen services company.

Gulf Coast Laundry Services provides linen rental and laundry services throughout southern Mississippi, Louisiana and Alabama, primarily to hotel, casino and resort customers. Concurrent with the acquisition, the founder of Gulf Coast Laundry Services, David Gross, will join Swisher Hygiene and contribute to the continued growth of its linen services business.

Total consideration paid by Swisher Hygiene in connection with the acquisition includes approximately $4.8 million in cash and the issuance of a convertible promissory note which may be converted into a maximum of 350,000 shares of Swisher Hygiene common stock subject to certain restrictions, including acceptance by the Toronto Stock Exchange.