Masonry Magazine October 1963 Page. 26
REMEMBER THIS.
Regardless of What
Blade You Use!
YOU CAN LOSE YOUR PANTS
WITH LOOSE BELTS
Loose Belts on a Masonry Saw can be Costly too
The finest Blades, world's best Operator and full voltage won't help a bit if the Belts on your Masonry Saw are loose and letting power "slip" away.
POWER must be transported from the Motor to the Arbor Shaft, if Belts are even slightly loose POWER IS LOST... your costs go UP!
Check Saws Daily To Be Certain Belts Are TIGHT!
Loose Belts cost Masonry Saw users Thousands of Dollars every Day- slower cutting and excessive Blade wear.
Belts are cheap-Operators and Blades are not, so check OFTEN place worn Belts instantly.
STOCKED AND SERVICED BY TARGET DEALERS THROUGHOUT THE WORLD.
People & Events
(Continued from page 3)
tors of Natco Corp. Following changes in General Shale Products have been announced: George C. Sells is now President with L. E. Ross Sales Manager. Donald Young has been appointed Division Sales Manager with Sam Johnson District Sales Manager. Joe Ballard is now Manager, Rail Order Service. Perry 1. Prentice, Vice President of Time, Inc., has been elected recipient of the Fourth Annual F. Stuart Fitzpatrick Memorial Award.
Questions & Answers
(Continued from page 15)
not devised simply to avoid the new rules.
Club Dues
54. Question: Are dues to country clubs affected?
Answer: Yes. Dues and fees paid to a social, athletic or sporting club are treated as an expenditure for an entertainment facility. If the taxpayer uses the club more than 50 percent for business purposes, he can deduct that portion of his dues which is "directly related" to the active conduct of business.
55. Question: Where an entertainment facility is used for "business meal" entertaining (see questions 15 to 20) how is such use treated under the new rule?
Answer: This type of use is considered "directly related" entertainment use for purposes of determining the deductible portion of facility expenditures.
56. Question: What about dues to professional associations, such as medical or bar association?
Answer: The organizations are not social, athletic or sporting clubs, and dues to these organizations are not affected by the new rules. The same is true for civic organizations such as Kiwanis, Lions, Rotary and Civitan clubs.
57. Question: I have a membership in a business luncheon club which only furnishes lunch to members on business days. Is this a social club?
Answer: For the purpose of the new law limiting deductions for dues and fees to social clubs, such luncheon clubs for business or professional persons are not considered social clubs. This is consistent with the provisions of the new law which do not impose restrictions on expenses for meals and beverages in circumstances generally considered conducive to business discussions. This rule is to be distinguished from the rules under the Federal excise tax on club dues where luncheon clubs may be treated as social clubs.
58. Question: If membership in a club entitles other members of a taxpayer's family to use the club facilities, is their use considered in determining whether more than 50 percent of the club use was for business purposes?
Answer: Yes. However, see questions 59 and 60.
59. Question: If a taxpayer has two memberships to the country club, one for himself and another solely for his family, must he consider club use by his family in applying the 50 percent test to the cost of his own membership?
Answer: Generally yes, but family use would not be considered if their membership was not dependent upon the taxpayer's membership in the club.
Determination of Primary Use
60. Question: How can I show that more than 50 percent of the use of a facility during the year was for business purposes?
Answer: All the facts and circumstances will be considered, including the frequency and duration of use for business purposes as compared with personal purposes, the amount of expenditures for each use, the nature of each use, and other pertinent facts. However, certain specific tests which taxpayers may use in establishing primary use are discussed at questions 62 to 66.
Next Month's MASONRY will carry additional Question's & Answers
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