Masonry Magazine June 1992 Page. 45
Mileage Allowance
Sue drove 25,000 miles for business in 1991. Her deduction is computed by multiplying the 25,000 miles by 27.5 cents. Sue's deduction is $6,875. The same business miles in 1992 will produce a deduction of $7,000. Great!
Wait. There's more. In addition to the mileage deduction, Sue can deduct 100 percent of her business tolls and business parking.
The mileage allowance may or may not be your best tax bet. Take advantage of it only if you have neither the time nor the inclination to keep those expense receipts, or if past practice has proved that your actual expenses (including depreciation) are less than the allowance. If your actual expenses are more than the allowance, you must decide if the reduced recordkeeping (mileage only) is worth the lost tax dollars caused by the smaller deduction.
As usual, the IRS falls short when giving a tax break. Hear this! The rate for a car operated in connection with charitable activities remains unchanged at twelve cents per mile. It's even worse for medical expense and moving expense deductions: A stingy nine cents per mile remains the same.
WANT TO LEARN the best ways to profit from the tax window of opportunity? Send for the companion special reports: "Transferring Your Business When You Have Two or More Children" and "How to Value Your Business for Tax Purposes"-$25 each, or $38 for both... Want to learn more about how to deduct every dollar of auto, travel and entertainment expenses allowed under the law? Send for the companion special reports: "The Complete Guide to Building Your Automobile Deductions," "Entertainment Deductions" and "Travel Deductions"-$19 each, $31 for any two or $39 for all three. Mail to Book Division, Blackman Kallick Bartelstein, 300 South Riverside Plaza, Chicago, Illinois 60606.
New TMS Board
THE FOLLOWING new officers and directors were elected to the board of directors of the Masonry Society at their annual meeting in Orlando in February; President, Daniel Abrams; vice president, John Matthys; secretary-treasurer, Howard Droz; Professional representatives: James Amrhein, zone 1; Don Wakefield and Rich Klingner, zone 2; Andrew Mackie, zone 3; Diane Throop and Tim Conway, zone 4; Russell Brown, zone 5; Gregg Borchelt, zone 6; Hans Ganz, zone 7. Associate representative, John Pulsifer. Affiliate representative, Peter Maul.
NCMA Elects Officers
DANNY W. MARSHALL III, president of Marshall Concrete Products, Danville, Virginia, took office as the 1992 chairman of the board of the National Concrete Masonry Association during the association's convention in Orlando in February.
Marshall, who served as chairman elect of NCMA during 1991, as he assumed the association's leadership at the convention urged the industry to rally around the new Masonry Quality Institute program. He said the program would help members substantially boost profits and strengthen competitive positions for the future.
Donald G. Emich, president of Binkley and Ober, Lancaster, Pennsylvania, who served as NCMA chairman during 1991, now moves to the post of immediate past chairman. Elected chairman-elect was Ron Ohmes, president of F. F. Kirchner. Bridgeton, Missouri.
There are plenty of good reasons why we call it the Ultimate Brick Trowel.
* Ultimate comfort
Exclusive soft-grip
UFH handle helps reduce fatigue
* Ultimate quality
Blade, post, and tang
forged from a single piece
of high grade tool steel,
then accurately heat treated
* Ultimate strength
Impact area redesigned
to provide maximum endurance
* Ultimate flexibility
Blade expertly taper
ground from heel to toe
Marshalltown For ultimate performance and dependability, nothing beats Marshalltown's Ultimate™ Brick Trowels, now available with your choice of wood, leather, plastic, or Marshalltown's new exclusive user-friendly handle (UFH). It's everything a great brick trowel should be to the ultimate!