The tragedy that is ongoing in Oakland continues to earn our thoughts and prayers after an artist community continues to find death in the electrical fire that transpired in a warehouse party last Friday night. The community’s natural response is to throw a benefit concert, with all proceeds going to the Gray Area Foundation for the Arts Oakland Fire Relief Fund. The concert is set for December 14 at the Fox Theatre, and is called Oakland United: A Benefit Supporting Oakland Fire Relief.Primus will lead in these musical efforts, alongside Tycho, Tune-Yards, Dean Deacon, Boots Riley (The Coup), Geographer, Hieroglyphics, Rogue Wave and Thao Nguyen, and many more. Tickets go on sale today at noon on ticketmaster, and donations can be accepted here.More information can be found in the event group. Please give what you can in these horrific times.
This storm is headed our wayWEATHER forecasters have issued a thunderstorm and tornado alert for Donegal later today.Irish Weather Online and Met Eireann have both issued alerts with heavy rainfall expected this evening and tomorrow.Up to 90mm of rain could fall – with winds gusting to 100km/hr. “A strong cold front will make its away across the country this evening of which will quickly destabilize the air around and showers are expected to form , with strong wind shear (change of wind speed & direction with height ) present,” said IWO.“Thunderstorms are expected to develop and strong downdrafts with gusts of up to 110km/hr and heavy rain are possible. There is also present, strong low level shear which can lead to supercell characteristics – a rotating thunderstorm – and possible weak tornados.“This situation will need to be closely monitored. It is likely from reports that a tornado hit Carrickmacross yesterday, so more today is certainly possible with stronger conditions present.”The forecaster added: “Take extreme caution if travelling this evening , the squally showers alone can be dangerous enough.” Met Eireann has issued a national Yellow alert from this evening until tomorrow. WEATHER WARNING AS FORECASTERS ISSUE THUNDERSTORM AND TORNADO ALERT was last modified: October 17th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegaldonegal weatherthunderstormstornadoweather alertweather warning
CLICK HERE if you are having a problem viewing the photos on a mobile deviceSCOTTSDALE, Ariz.–At his introductory press conference in November, Giants president of baseball operations Farhan Zaidi ushered in a new era with a bold proclamation.“Everything has got to be on the table.”Even a potential trade of Madison Bumgarner. Four months after Zaidi was hired to lead the franchise into the future, Bumgarner strolled into the clubhouse at Scottsdale Stadium on Tuesday as pitchers …
Share Facebook Twitter Google + LinkedIn Pinterest Brian E. Ravencraft, CPA, CGMA is a Principal with Holbrook & Manter, CPAsBy Brian E. Ravencraft, CPA, CGMA, Partner at Holbrook & Manter, CPAsAs you prepare for the upcoming tax season, now is a good time to review the lessons learned from last year’s first exposure to the provisions of the Tax Cuts and Jobs Act (TCJA). Here are seven end-of-year steps that agricultural owners in closely held businesses should take now to prepare. Maximize pass through deductionsOne of the most significant provisions of tax reform for sole proprietorships, partnerships, and S corporations is the qualified business income (QBI) deduction, also known as the section 199A deduction. This allows business owners to deduct up to 20% of pass-through business income, and it also provides for a 20% reduction of certain types of rental income.But, as many taxpayers discovered last year, the deduction is subject to some complex limitations. If you have not done so already, you should review how your business is structured and how profits are distributed to see if there are changes you could make that would apply this deduction more effectively.The limitations included in the TCJA definitely require discussion and analysis. However, here is a high level explanation. Taxpayers that have taxable income less than the income threshold limit have a simpler computation than those that do not — these taxpayers multiply their QBI by 20%. As long as that amount does not exceed 20% of their ordinary income on their tax return, that is their deduction. The New Section 199A Deduction is claimed above taxable income.The taxable income threshold begins at $157,500 for individuals ($315,000 for married filing jointly taxpayers) with the deduction vanishing at $207,500 for individuals ($415,000 for married filing jointly taxpayers).When taxpayers exceed the income thresholds or their ordinary income amount, and have potentially other complicated activities, additional limitations apply relating to wages, co-op sales, and qualified property. Re-evaluate depreciation strategiesAnother important year-end review involves how the depreciation of capital assets is handled, particularly in view of the new tax law’s changes to Section 179 of the tax code and its expansion of bonus depreciation. Deciding which approach to take is not always a simple decision.In addition to different caps and general limitations, the two approaches also impose different limits on vehicles and certain types of equipment, as well as on rental properties and property improvements. Also note that bonus depreciation can be used to create a net loss for the year, while Section 179 deductions cannot. Because of these complexities — and many others — you should consider longer-term impact to the P&L when evaluating which method is the most beneficial to your farming business. Review entertainment and meal expensesNew limits on the deductibility of business entertainment expenses and meals caused considerable confusion during the 2018 tax cycle. With the benefit of hindsight, now is the time to review your company’s handling of these expenses.Crop insurance deferral considerationsTypically, most farmers are cash basis taxpayers and proceeds from the destruction or damage of crops is included in income in the year of receipt; however, federal law allows certain insurance proceeds to be deferred one year, if certain requirement are met.Under a special provision, a farmer may elect to include crop insurance and disaster in income in the taxable year after the year of the crop loss if it’s the farmer’s practice to report income from the sale of the crop in a later year. When the claim is related to crop loss, then the claim can be deferred if:The farmer uses cash method of accounting,The claim is received in the year of loss (if received in the next year, you cannot defer),The loss is from damage/destruction to crops or the inability to plant crops, andThe farmer’s normal business practice is to sell more than 50%of the crop in the year following the harvest. (The possible crop insurance deferral is the aggregate of all crops, even if one crop such as soybeans is normally sold at harvest, and corn is usually sold the following year).The fourth rule is the one that trips up most farmers. If this is the case, you will want to work with your crop insurance company and make sure the claim is paid after the end of the year (assuming from a tax planning perspective the maneuver makes sense). Check for state and local tax conformityState and local compliance can be especially challenging if your farm operations expanded into a new jurisdiction during the year. Some states’ tax codes mirror the federal code while others differ drastically. Update employment recordsThe end of the year is a good time to make sure employment records are up to date. Verify you have current addresses and other information for Forms 1099 and W-2. And keep in mind a new Form W-4 will be coming out soon. Review independent contractors’ statusImproperly categorizing workers as independent contractors rather than employees is a hot button issue for the IRS. So it’s wise to review the status of all workers annually.As always, reach out if you have questions. I am always happy to help. 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
Share Facebook Twitter Google + LinkedIn Pinterest By Dusty Sonnenberg, CCA, Ohio Field LeaderSince 2016, numbers tell the story. Three states, four years, 128 farms, and 1,280 soil samples. Linda Weber, a graduate student researcher in plant pathology at OARDC has been collecting samples and screening over 400 isolates of Phytophthora sojae against the single resistance genes that are currently available in today’s cultivars. “Researchers evaluate 14 single resistance genes, however there are only about 6 genes that are currently available in cultivars,” Weber said. This survey is funded by money from the Ohio Soybean Check-off through the North Central Soybean Research Program. Weber is evaluating the effectiveness of single resistance genes against the Phytophthora sojae pathogen.Phytophthora sojae is a soil borne pathogen that causes Phytophthora Root Rot and Stem Rot. “This is a major cause of soybean yield losses annually,” Weber said. “Soil types found in Ohio, such as the heavier clay soils, when they are saturated in the spring, are ideal for Phytophthora Root and Stem Rot to develop.”The project is titled “Phytophthora sojae Pathotype Variability across Ohio, Indiana and Kentucky. Soil samples have been collected from soybean fields across the three states that have been known to have a disease history and that were measured in the past. The pathogens from those samples have been collected and are being used in the survey. The Rps1a, Rps1c, Rps1k, Rps3a, and Rps6 single resistance genes are being screened against the pathogens. “Resistance genes are ideal because they are easy to breed into the soybean. The down side is that the pathogen can easily overcome the single resistance. Single resistance genes have a limited life span, roughly 8-20 years,” Weber said. “The Rps1a and Rps1c genes have been used the longest and are mostly ineffective as single resistance genes. They remain in the survey to monitor their level of effectiveness currently. The Rps1k gene was used a lot in the 1980’s and now has also become mostly ineffective as a single resistance gene against the pathogen. The Rps3a and Rps6 genes still remain very effective as single resistance genes against the pathogen.”“At this point in the study, some general conclusions can be drawn,” Weber said. “Companies should begin to incorporate other Rps genes in the soybean variety line up. Since most of the Rps genes are ineffective in this region, farmers should focus on selecting cultivars with high levels of partial resistance. Not every isolate in every field has adapted to the Rps genes, thus, these single resistance genes may still be effective, especially when combined with a high level of partial resistance.” Final results from the survey should be available in early 2020.Ohio Field Leader is a project of the Ohio Soybean Council. For more, visit ohiofieldleader.com.
United States Olympic swimmer Ryan Lochte won’t be going back to Rio – at least not to face any of the charges brought against him.Ryan Lochte, who is being charged by Rio police with filing a false police report, will not be heading back to the site of the 2016 Olympic games to deal with the legal situation. Lochte was interviewed by TMZ early this morning and made it clear he will not return to face the charges.Lochte didn’t close the door on returning to Brazil someday – but obviously he’d have to settle with the city before that could happen. He also doesn’t believe that the U.S. Olympic Committee is going to penalize him for his actions.Ryan Lochte — I Won’t Go to Brazil to Face Charges … Not Happening (VIDEO) https://t.co/tHlgTdSiiM— TMZ (@TMZ) August 29, 2016No, this doesn’t come as a surprise. Most didn’t believe that it would be in Lochte’s best interest to return. But now it’s confirmed that he won’t be.
Kathleen Martens APTN NewsThe National Inquiry into Missing and Murdered Indigenous Women and Girls wrapped up its community hearings Sunday with a series of question marks hanging over its head.Will it get the two-year extension it wants from the federal government?When will it commence institutional hearings and expert panels?Chief Commissioner Marion Buller was able to answer some of those questions Sunday in Richmond, B.C. where roughly 100 witnesses were expected to have testified over five days.“We haven’t heard anything about the extension,” she said of the request last month to the Trudeau government for another two years and $50 million.So she said it would be business as usual until they hear otherwise.“We’re moving forward with our work plan that we’ve already established,” she added.That means collecting statements from survivors and families until April 20. A deadline, she says, that was set months earlier to give the four commissioners time to review all the information before compiling their recommendations to government by the end of the year.The next question: Will the inquiry get the cash injection it needs to complete its existing work after revealing last month it was running a deficit?Buller says yes.“We anticipate that we’ll be able to negotiate further funding from Ottawa,” she said, noting they need “roughly 10 per cent of their budget” to finish up.Meanwhile, Buller said the institutional hearings will look very different from what Canadians have seen so far.She has the power to subpoena top officials in policing, Indigenous and non-Indigenous governments, and child welfare across the country.Those officials will be called before commissioners to answer questions about their processes and procedures that have come under fire so far.“We’re going to be putting the truths that we’ve heard in this part (of the inquiry) to people in (those positions),” she said.“I can request or order people to attend.”Meanwhile, if the extension does come through, Buller said her team has a few locations in mind for the next community hearings. To date, the inquiry has held 15 hearings.She said southern Ontario is among the [email protected]
EDMONTON – Aurora Cannabis Inc. capped a busy year by seeing its revenues more than triple to $19.1 million in the fourth quarter.The Edmonton company says revenues for the three months ended June 30 were up from $5.9 million a year earlier.The company said the gross margin on medical cannabis was 74 per cent, up from 58 per cent in the fourth quarter of 2017. The increase was mainly due to higher average selling price per gram of dried cannabis and a higher proportion of cannabis oil sales.The cash cost for dried cannabis sold was $1.87 per gram, down from $2.09 a year earlier. The cash cost to produce dried cannabis also decreased 11 per cent, to $1.70 per gram, from $1.91. The decrease was primarily due to efficiencies from automation and yield expertise.The company sold 1,617 kilograms of dried cannabis and cannabis oils in the quarter, up from 755 kilograms a year earlier.The number of active registered patients increased to 43,308, up from 16,400.Net income attributable to shareholders was nearly $80 million, up from a $4.82 million loss a year ago.The increase was primarily attributable to the unrealized non-cash gain on derivatives and marketable securities, which was partially offset by increased finance costs, share-based payments, acquisition and project evaluation costs.For the full year, revenues increased to $55.2 million from $18.1 million in 2017.Net income attributable to shareholders was $71.9 million, up from a $13-million loss a year ago.Aurora Cannabis has completed 11 strategic acquisitions in the past year, while another is in progress.The number of employees increased to 1,400 from 300 at the end of the last fiscal year.The company says it intends to list its shares on a senior U.S. stock exchange.“Listing our shares on a senior U.S. exchange reflects the level of corporate and business maturity and our high-paced execution,” stated CEO Terry Booth. “This listing provides access to a broader investor audience who gain the opportunity to participate in our continued success.”Analyzing the performance of marijuana companies is tough because of accounting rules used in the agriculture industry that require companies to put a value on their pot plants before they are harvested, and approaches differ between producers on how to apply these guidelines.(Companies in this story: TSX:ACB)
• Large sections of penstock pipe will be transported along Old Fort Road. This requires occasional overnight rolling closures, with short delays to traffic. Check our website for upcoming deliveries.• Construction of a wash station to limit the migration of invasive species continues.• Contractors will continue to move equipment and materials to the site. This includes deliveries by rail and road.• Contractors are continuing construction and operations in their work areas: main civil works, generating station and spillways civil works, turbines and generators, and substation. Activities include drilling, blasting, crushing, earthmoving, tunnelling, concrete placement, and road maintenance. Tower and mobile cranes will be used.• Transmission line work may occur on the 138 kV right-of-way within the dam site.• Excavation, including in-river excavation, will progress on both banks of the Peace River. • Construction activities will continue. This could include drilling, blasting, crushing, earthmoving, tunnelling, concrete placement, and road maintenance. We will use the tower and mobile cranes.85th Avenue Conveyor• Testing of the conveyor system has begun.• Work will use heavy machinery, resulting in noise, dust and vibration. Typical work hours are 7 am to 7 pm, seven days a week. Road sweeping and dust suppression will occur.Highway 29• Noxious weed inventory and treatment may occur along Highway 29 and in Wuthrich, Portage Mountain, and West Pine quarries. FORT ST. JOHN, B.C. – The following outlines the construction details for the Site C project for September 1st – 15th, 2019.Dam site area – north bank and south bank• Construction has started on a chain-up area for project vehicles on Old Fort Road, near the entrance to Site C at Gate B.• Noxious weed inventory and treatment will occur in the main civil works area, on the banks of the Peace River. • Construction will continue at Cache Creek West. This will include grading, road construction, and drainage work.• Geotechnical investigations will occur near Lynx Creek.• Site drainage at Cache Creek East will take place.• Archaeological studies will take place at Lynx Creek, Farrell Creek and Dry Creek.• Portage Mountain Quarry development will continue, including haul road construction, rock blasting and rip rap production.• Visit our website for more Highway 29 schedules, maps and construction updates.Reservoir area• New: Construction will begin on a causeway to an island in the Peace River. Boaters are asked to stay clear of the work area.• Forestry and access road data collection and site investigations will continue.• Road construction will continue in preparation for clearing on the south bank of the eastern reservoir.• Archaeological investigations may occur in support of reservoir access road design and construction.• Clearing on the north bank and south banks of the eastern reservoir has resumed, including areas in the middle reservoir east of Halfway River.Transmission works• Transmission line construction will continue. This includes helical pile foundation installation, testing and welding, and tower assembly.• Maintenance work will continue on roads that provide access to the transmission corridor.• Clearing activities may occur. This includes selective hand-falling and hauling logs to local mills. Wood waste will be chipped, mulched, spread as coarse woody debris or hauled off-site.• Road construction will occur in various locations on the transmission line right-of-way. This includes but is not limited to the Peace Canyon and Peace Hill, Trapper Main, Boucher Lake and Medicine Woman road areas.Other areas• Work is occurring downstream of the dam site for the Peace River side channel enhancements.• Aggregate and riprap production will continue in West Pine Quarry. We will transport material by rail to the dam site and by truck to Highway 29.WHAT TO EXPECTWork will take place during the day, night, and on the weekend until the project is completed. During this time, residents can expect:Traffic – please use caution and obey safety signage• Old Fort Road• Near Gate A to the dam site, drivers may encounter loose gravel and increased commercial traffic.• Gravel sections have developed near 85th Avenue.• Overnight deliveries of penstock pipes along Old Fort Road will result in rolling road closures and traffic delays. Deliveries will occur every one or two weeks.• Due to equipment delivery, there may be occasional short road closures along Old Fort Road from Tahltan Road to Gate B.• Highway 29: Construction-related equipment will travel along Highway 29. Visit drivebc.ca for the latest traffic advisories.• Other areas: Trucks with heavy loads will be accessing the dam site and other project areas, using public and resource roads.Equipment• Heavy machinery will be in the transmission line corridor. Please stay clear of the work areas.• Helicopters and commercial drones may be used to support investigative and construction works.Noise and vibration• Some noise and vibration may occur near the dam site and work areas, including the quarries. Pile driving may take place near the 85th Avenue Industrial Lands.Other• During noxious weed inventories, crews will travel through areas to capture data. Areas, where herbicide has been applied, will be signposted.• Please stay clear of active in-river work areas along the Peace and Moberly rivers. These areas are identified with signage and markings