Keeping Up With the Frequent Changes in the Producer Price Index Commodity Codes Used for LIFO Inventory Calculations
LIFO-PRO’s software will automatically make the reassignments of Producer Price Index codes necessary of discontinued codes.
Tax Foundation Study: Economic & Budgetary Impact of LIFO Repeal
The Tax Foundation, the nation’s leading independent tax policy research organization, conducted a survey that collected information regarding the economic and budgetary impact of LIFO Repeal in the United States.
Committee Hearing Exchange with Treasury Secretary Jack Lew
Congressman Mike Thompson (D-CA), a leading Congressional LIFO advocate, had an exchange with Obama Treasury Secretary Jack Lew this week during a House Ways & Means Committee hearing. The unofficial transcript is posted below:
LIFO repeal once again misrepresented in White House budget proposal
The LIFO Coalition posted an update on their website today that discussed the recent release of President Obama’s 2016 budget proposal.
“Congress must not hurt small businesses by repealing accounting procedure”
A Florida House of Representatives member wrote an article regarding LIFO that appeared in the Column of online news network Context Florida on January 25th, 2016. Read the full article below.
LIFO Updates: Discussion from LIFO Coalition’s Executive Secretariat
LIFO-PRO partners with the LIFO Coalition in any efforts geared towards preventing LIFO Repeal.
Why clients choose us- LIFO-PRO Testimonials
In over twenty years of providing LIFO Software & Calculation Services, LIFO-PRO has earned the trust and loyalty needed to maintain a strong client-base. LIFO-PRO continues to be a cost leader in LIFO Calculation Services; the LIFO-PRO Software is priced at affordable rates for companies both large and small. LIFO-PRO’s commitment to our clients does not […]
Business Journal Article Supports LIFO Preservation
On August 14th, 2015, the Central Penn Business Journal published an article written by Cathy Kolakowski. She is the Owner of CK Bookkeeping Services based in Lower Paxton Township, PA.
Rep. Williams Resolves to Protect American Business, LIFO Method
Rep. Roger Williams (R-TX) submitted the following concurrent resolution, H.CON.RES.69, to protect the use of LIFO for American businesses.
Topeka Independent Business Association Founders LIFO Article
Ken Daniels, Founder of the Topeka Independent Business Association, spoke on the subject of tax reform and the LIFO Method in a August 12th article.
Volatility of PPI Table 9 code 0638-0202RX- Analgesics, prescription
There was a 28% 1 month increase in February ’14, and a 26% increase in March ’14. In May ’14, RX analgesics PPI Table 9 reported a 21% 1 month decrease.
New, recoded & deleted NAICS & PPI codes made, effective July 15, 2015
The BLS released information regarding NAICS & PPI codes. See the tables for a summary of the different changes.