Bovie Medical Insights

I gave some travel tips based on my years on the road and then followed that up with the results of a really bad travel day.  On July 2nd the Wall Street Journal had an article on 10 travel tips from the pros, which I thought was worth sharing…enjoy and safe travels!

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Topics: Rob Saron, Bovie Medical, Taxes, Wall Street Journal, Travel

I recently discussed the Cook Medical decision of how they are handling the added expense of the 2.3 percent device tax.  The Wall Street Journal on July 2nd had an article, Small Firms See Pain in Health Law written by Louise Radnofsky,  from another angle regarding the health care law and its effect on small business. The link to the article is below:

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Topics: Bovie Medical, Taxes, Wall Street Journal

I am not sure if Cook Medical is making a political statement regarding the new device tax, but it certainly is worth discussing. They did a press release indicating that they were going to cancel 5 manufacturing facilities over the next five years in the Mid-West because of the 2.3 percent device tax starting in January 2013. There is no question the money to pay these taxes has got to come from somewhere. Out of the expansion budget is obviously Cook’s choice. However, since they are a private company they didn’t need to do a press release. I believe the reality is that part of the money will come from passing on some of that expense to the customer and some of it will come from cutting expenses elsewhere. 

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Topics: Rob Saron, Bovie Medical, Taxes

That didn't take long. One day after we publish the calorie tax and the online tax the Wall Street Journal has the cover story written by Monica Langley, Tax Break Nears End For Online Shoppers as their lead story. My only question now is, when are they going to discuss my calorie tax?

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Topics: Bovie Medical, Taxes, Wall Street Journal

My local newspaper had the headline this morning, Tax Hikes Back on the Table.  The article went on to say,  they can’t cut anymore from the county budget,  and in order to meet the 12 plus million dollar deficit in Medicaid they need to raise the tax rate by 5.1%.

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Topics: Bovie Medical, Taxes