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Today's News

  • Depreciation prevents expense spikes

    The Internal Revenue Service stipulates that businesses must capitalize expenditures for big-ticket items and recover that cost over several years – a practice known as depreciation – to avoid dramatic changes in the financial statements of a business from one year to the next. Knowing when to depreciate and when to claim a special one-time expense deduction is critical for entrepreneurs.
    Capital expenditures offer businesses an opportunity to expand operations — to modernize and grow — by buying the equipment and capital they need and deducting these costs on their income tax return. This fuels economic expansion.
    Depreciation makes sense when a business makes a major capital investment that offers long-term benefits, but is purchased upfront or over the short-term. Typical candidates for depreciation include vehicles, buildings, furniture, equipment, and computer systems. Rather than frighten investors by recording the whole impact of a purchase in one financial period, where it can create a loss, a company can spread it out over many financial periods effectively matching the deduction to the period of benefit. It matters not how the loan is repaid; what matters is how long the investment is expected to provide an economic benefit.

  • Tree trimming begins Monday in LA, WR

     Preventing power outages and unsafe fire hazards by trimming trees too close to power lines is a safety and reliability priority for the Los Alamos Dept. of Public Utilities (DPU). The DPU has engaged Allied Tree Service to trim around the overhead power lines in White Rock and Los Alamos starting Monday.

    The tree trimming project is anticipated to last 2‐3 months with work beginning at the Ski Hill, then moving to White Rock, then the Los Alamos town site. The tree trimming is necessary to prevent trees from coming into contact with power lines and touching un‐insulated wires which can lead to power outages.

    The DPU will make every attempt to notify nearby affected residents and businesses one week in advance of tree trimming work in their area. Trimming will occur within designated utility easements and the DPU asks the public to allow the trimming crews to access these areas.

     For more information contact Deputy Utility Manager for Electric Distribution Rafael De La Torre (rafael.delatorre@lacnm.us) or Michael Salazar (Michael.salazar@lacnm.us) or call the 311 Customer Care Center at 662‐8333.    

  • Topes Notes 08-15-12

    Colorado Springs wins series opener

  • Back to Business

    Monday was the first official day of preseason for several prep fall sports around the state, including girls soccer. The Los Alamos High School girls soccer participants got together twice Monday, including Monday night’s workout at the Pueblo Complex. The Hilltopper girls soccer team opens the season Aug. 25 at Farmington.

  • Tripp turns in resignation letter, will leave on Friday

    The New Mexico Activities Association announced Tuesday that executive director Gary Tripp will resign his post effective Friday.
    Tripp, who has headed the NMAA since 2004, is leaving to assume the role of principal at Zia Pueblo Day School.
    The NMAA said a team of three officers, commissioner of officials Dana Sanchez, deputy director Bill Cleland and assistant executive director Sally Marquez, will take over the association’s day-to-day operations until a new executive director is hired.
    This is not the first time Tripp, who was the athletic director at Rio Rancho before taking over the state’s top high school interscholastic sports job, has made plans to resign. Tripp turned in a resignation letter to the NMAA board of directors in summer 2011 that he would retire following the 2011-12 academic year.
    However, Tripp rescinded his letter and remained the executive director. But an emergency meeting of the board was called Tuesday morning where Tripp announced his intentions to step down.
    Los Alamos athletic director Vicki Nelms, who said she was caught off-guard with Tripp’s announcement last year, said she was again surprised by Tuesday’s announcement of his resignation.

  • US government launches new immigration program

    WASHINGTON (AP) — Young illegal aliens are scrambling to get passports and other records in order as the Homeland Security Department starts accepting applications to allow them to avoid deportation and get work permits.

    Homeland Security announced the details Tuesday of what documents illegal aliens would need to prove that they are eligible for the Obama administration's Deferred Action for Childhood Arrivals. The announcement came a day before U.S. Citizenship and Immigration Services was set to begin letting people apply for the program.

    Hundreds of thousands of illegal aliens potentially could benefit from the program, which President Barack Obama announced in June. The program is beginning just months before what promises to be a tight contest for the White House in which the Hispanic vote may play an important role.

    Obama has come under fire from Hispanic voters and others who say he hasn't fulfilled a previous campaign promise to overhaul the nation's immigration laws. The policy change could stop deportations for more than 1 million young illegal aliens who would have qualified for the failed DREAM Act, formally the Development, Relief and Education of Alien Minors Act, which Obama has supported in the past.

  • Rio Arriba jury convicts man in double slaying

    SANTA FE, N.M. (AP) — A northern new Mexico man who was acquitted of murder after a 2007 trial has been convicted in two other killings.

    A jury in Rio Arriba County found 29-year-old Donald Ferran guilty of two counts of first-degree murder and tampering with evidence. Prosecutors says the Ojo Caliente resident lured 25-year-old Joey Maestas and 27-year-old Sarah Salazar to a highway rest stop north of Espanola in March 2011 after seeing Maestas flash a wad of cash. The victims were found in a burning Honda at the rest stop.

    The Santa Fe New Mexican reports Ferran was convicted Monday and faces life in prison. A sentencing date hasn't been set.

    Prosecutors accused Ferran of killing a woman in 2005 but could not produce a murder weapon and he was acquitted.

  • Gates Pushing Effort to Redesign Toilet
  • Gates Pushing Effort to Redesign Toilet
  • Today in History for August 15th