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WELCOME TO TTDA TODAY!
We are excited to announce the launch of this new electronic member update. TTDA TODAY is designed to keep our members up to date on the latest news and information highlighting the tire industry in Texas.
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The future of mounting and balancing
Modern Tire Dealer
A tire mounting machine or wheel balancer never dies. It doesn't fade away, either. It just stays in your shop until, well, you sell the shop. The equipment is built to be sturdy. The average tire dealer performs 250 mounting/balancing jobs per month. And the machines built before the addition of electronics and lasers seemingly last forever.
Gasoline to cost more than expected in 2013
First it was a tax hike. Now consumers are looking at a higher than expected gasoline bill for 2013. The government recently boosted its forecast for gasoline prices this year by 11 cents to an average of $3.55 a gallon. That would be the second-highest annual average ever, behind last year's $3.63 a gallon.
Tire labeling rule still on hold
The issuing of tire labeling regulations is following a familiar path in rulemaking. They are late. On March 25, 2010, the National Highway Traffic Safety Administration released a 195-page final rule mandating that U.S. tire makers implement a tire fuel efficiency labeling program to help consumers select tires with the least rolling resistance and highest fuel savings. However, the standard lacked provisions involving the format and content of the fuel efficiency labels, final language as to tire testing requirements under the rule, and provisions regarding the format and operation of the consumer education portion of the rule.
I-9? What's that?
By Richard A. Berman
Our government has required since 1986 that each employer prepare and keep available form I-9 on every employee. Basically, it is the document that proves an individual is a citizen or has legal residency. In most cases citizen employees will provide their driver's license and social security card. Noncitizens will provide their proof of legal residency. Here is some advice to help you avoid an expensive lesson.
Industry Pulse: Does your company have its I-9 paperwork prepared and ready?
US tire production down 5.6 percent in 2012
Tire Business via Global Rubber Markets
Production of consumer and commercial tires last year in the U.S. fell 5.6 percent, according to the Rubber Manufacturers Association's 2013 Tire Industry Factbook. The drop in production parallels declines in replacement market shipments across the board and is in contrast to increased imports in all the major categories as well as measured against billions of dollars of investment committed to U.S. factories in the past couple of years.
Corporate tax tips for small businesses
Business 2 Community
Corporate tax day is fast approaching, so NerdWallet asked expert tax advisors for their ideas. What should small business owners know about filing corporate taxes? How can they save money and avoid penalties? How has the Affordable Care Act changed the tax filing process? Read on for answers to these questions and more.
SRS's Kane thinks NHTSA is ready to tackle tire age
Last month, at the Society of Automotive Engineers' annual government-industry conference, a National Highway Traffic Safety Administration safety standards engineer presented a summary of the agency's tire aging work, which continues despite not producing any regulatory changes.
Krueger: Consumption to remain restrained
The Wall Street Journal
Consumer spending could remain modest as the economy recovers from the recession, even with steady improvement in the housing market, the White House's top economist said. "The economy is going through a lot of healing," Alan Krueger, chairman of the White House Council of Economic Advisers, said in an interview with Wall Street Journal reporters and editors.
Texas Senetor eyes sales tax on car parts, other transportation revenue to boost highway fund
The Dallas Morning News
Texas highways are funded in large part by a motor fuels tax, and top lawmakers are looking to boost the state's road fund with the sales tax collected on new and used vehicle purchases. So should it be any surprise that one lawmaker hoping to bolster the Texas Department of Transportation's $10 billion annual budget wants to also use revenue from the state sales tax on tires, mufflers and other car parts? That's exactly what state Sen. Ken Paxton, R-McKinney, is proposing in a bill filed last month. The broader idea, seen in other transit-related bills, is that revenue generated from transportation-related activities should be used for transportation-related purposes.
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063