Masonry Magazine September 1963 Page. 19
Regardless of What
Blade You Use!
YOU TOO...CAN LOSE YOUR "ASS" IN
A HURRY WITH LOW VOLTAGE, LOOSE
BELTS AND WORN BLADE ARBORS!
Whether it's on "Ass", a Contract, or simply Profits that should have been - no one wants to lose anything!
If you like lower operating costs and full Profits, then always be sure of: (1) Full Voltage at the Saw Motor. (2) Proper Size Extension Wire. (3) TIGHT Drive Belts, and if you install new belts be sure to re-tighten after 8 hours use. (4) Check Bearings in case of doubt REPLACE. (5) Carefully inspect Arbor to assure Snug fit when using Diamond Blades.
Robert & Evana Co.
TARGET
• 6024 Troost Avenue
• Kansas City 10, Mo.
STOCKED AND SERVICED BY TARGET DEALERS THROUGHOUT THE WORLD.
A.E.D. Builds Headquarters
Question & Answer
(Continued from page 18)
Question: If a taxpayer takes a customer to lunch for business goodwill purposes and the customer's wife comes along, will the expense be disallowed if they don't discuss business?
Answer: Not if, in the light of all the facts and circumstances, the surroundings were of a type generally considered conducive to discussing business, and the expense was an ordinary and necessary expense of carrying on the taxpayer's business as under prior law (see questions 26 to 30).
Question: Is the situation the same if the taxpayer's wife accompanies the taxpayer in entertaining a customer for dinner for business goodwill purposes?
Answer: Yes. Entertainment expenses allocable to the taxpayer's wife when she helps her husband entertain a business customer in surroundings generally considered conducive to business discussion are not disallowed under the new rules, whether or not the customer's wife is also present. However, to be deductible it is required that the expense be an ordinary and necessary business expense, as under prior law (see questions 26 to 30).
Question: Where a group of businessmen make a practice of having lunch together primarily for personal reasons, and they alternate in paying for the lunch, does this make the cost deductible?
Answer: This practice is not connected with the carrying on of a trade or business but is a personal or social arrangement. As under prior law, the cost of the lunch would not be an ordinary and necessary business expense, and is not deductible.
(Continued on page 23)
Associated Equipment Distributors, national trade association for the construction equipment industry, observed ground-breaking ceremonies August 9th for a new national headquarters at Oak Brook, III., in Chicago's near-western suburbs.
The 14 acre site is located near the juncture of two major toll roads and just 20 minutes from O'Hare Field - the air transportation hub of the Midwest. This strategic location will make AED easily accessible to its 900 distributor and 400 manufacturer members, which fits the Association's long-range concept of developing increasing personal contact with its members.
AED plans to move from Chicago to its new location in the Spring of 1964. Established in 1919, the Association had previously been headquartered in Washington, D. C., Cincinnati, Ohio, and Chicago.
The building design has been adapted to the rustic setting of the Oak Brook area, featuring a stone and glass exterior with a wood-shingle roof. The one-story structure will cover 12,000 square feet.
NOW, WE SELL DIRECT
ONLY. BUT I CAN SHIP
IT FROM THE FACTORY
MON, YE'LL HAVE ME
SHUT DOON FOR SIE DAYS,
WAITING!
DEALER
LOCAL
STOCKS
and
SERVICE
FROM NOW ON I'LL
DEPEND ON MY LOCAL
TARGET DEALER FOR IMMEDIATE
DELIVERY AND SERVICE ON
EVERYTHING!
ONRY September, 1963
"THRIFTY,"
IPHONED OUR
LOCAL TARGET
DEALER
HOOT MON
THOTS SAVING
TIME AND MONEY!
Robert & Evana Co
6024 TROOST KANSAS CITY 10, MO.
STOCKED AND SERVICE DEALERS THROUGHOUT THE WORLD
19