EFI in Meredith has more layoffs

JADAQ · 05-17-2017, 06:25 PM

Another round of layoffs yesterday (12 people) at the EFI plant on route 104.

This comes about a month after senior management told everyone "there won't be any more layoffs"

This must be part of "The Donald's" MAKE AMERICA GREAT AGAIN PLAN!!

Now we'll be down and out, living the welfare side of life

EFI is slated to move to Londonderry in February of 2018 to a new facility. Reason being is there customers don't want to travel an hour from MHT north to Meredith to see our beautiful state and spend money in the lakes region.... sad

wifi · 05-17-2017, 07:47 PM

You don't happen to go under a different nick here, do you??

Feb 2017 has passed, if you haven't noticed.

JADAQ · 05-17-2017, 08:26 PM

Quote:

Originally Posted by wifi

You don't happen to go under a different nick here, do you??

Feb 2017 has passed, if you haven't noticed.

Correction; 2018 sorry..

Bigstan · 05-17-2017, 08:45 PM

Quote:

Originally Posted by JADAQ

Another round of layoffs yesterday (12 people) at the EFI plant on route 104.

This comes about a month after senior management told everyone "there won't be any more layoffs"

This must be part of "The Donald's" MAKE AMERICA GREAT AGAIN PLAN!!

Now we'll be down and out, living the welfare side of life

EFI is slated to move to Londonderry in February of 2018 to a new facility. Reason being is there customers don't want to travel an hour from MHT north to Meredith to see our beautiful state and spend money in the lakes region.... sad

12 layoffs and the president is to blame? You infer there were previous layoffs, must have been his fault too.

How many layoffs nationwide? EFI is tracking 1B this year, not a very large company, but with 56 locations worldwide 12 is meaningless. Unless you are one of the 12 I imagine.

But wait, a new facility? So there is new life? Some people must not like the new commute, or did not receive the invite to make the move.

Either way, bitterness with blame wrongfully assigned.

Major · 05-18-2017, 07:09 AM

Quote:

Originally Posted by JADAQ

Another round of layoffs yesterday (12 people) at the EFI plant on route 104.

This comes about a month after senior management told everyone "there won't be any more layoffs"

This must be part of "The Donald's" MAKE AMERICA GREAT AGAIN PLAN!!

Now we'll be down and out, living the welfare side of life

EFI is slated to move to Londonderry in February of 2018 to a new facility. Reason being is there customers don't want to travel an hour from MHT north to Meredith to see our beautiful state and spend money in the lakes region.... sad

Don't blame the President. Blame the State of New Hampshire. It's 8% business tax is driving businesses out of NH. The Londonderry move is a temporary thing. Eventually, EFI will move to a more business friendly environment. My understanding is that this move was caused by the lack of attracting talent in the Lakes Region. I don't think Londonderry will be much better, but who knows. The reason why talent is fleeing the State is because businesses do not want to invest in NH. My business had an opportunity to invest in a NH location, but decided against it because of the 8% business tax. We were better off paying (and having our employees pay) Massachusetts' 5.35 personal tax. Lower or eliminate the business tax, and businesses will come.

Rusty · 05-18-2017, 07:37 AM

Quote:

Originally Posted by Major

Don't blame the President. Blame the State of New Hampshire. It's 8% business tax is driving businesses out of NH. The Londonderry move is a temporary thing. Eventually, EFI will move to a more business friendly environment. My understanding is that this move was caused by the lack of attracting talent in the Lakes Region. I don't think Londonderry will be much better, but who knows. The reason why talent is fleeing the State is because businesses do not want to invest in NH. My business had an opportunity to invest in a NH location, but decided against it because of the 8% business tax. We were better off paying (and having our employees pay) Massachusetts' 5.35 personal tax. Lower or eliminate the business tax, and businesses will come.

Very few companies in NH pay the BPT or BET taxes and the ones that do pay very little. Labor force availability and quality are bigger factors for not locating in NH.

ITD · 05-18-2017, 07:52 AM

Kill this thread, someone is trolling.

ishoot308 · 05-18-2017, 08:00 AM

Quote:

Originally Posted by Rusty

Very few companies in NH pay the BPT or BET taxes and the ones that do pay very little.

Can you clarify that a bit for me?... How are profitable businesses in NH not paying this tax?....By lying about profits??....

Thanks!

Dan

Major · 05-18-2017, 08:05 AM

Quote:

Originally Posted by ishoot308

Can you clarify that a bit for me?... How are profitable businesses in NH not paying this tax?....By lying about profits??....

Thanks!

Dan

My thoughts exactly. I know many, many small business owners, including my dad and my brothers, and all of them pay NH business tax on profits. Other than not being honest, I am not aware of a way to avoid them.

Rusty · 05-18-2017, 08:08 AM

Quote:

Originally Posted by ishoot308

Can you clarify that a bit for me?... How are profitable businesses in NH not paying this tax?....By lying about profits??....

Thanks!

Dan

By using various deductions, exemptions, or credits.

SAMIAM · 05-18-2017, 08:55 AM

Don't forget the business enterprise tax.
Damn Trump......oops ,sorry.That tax came in before he was elected.

ishoot308 · 05-18-2017, 09:22 AM

Quote:

Originally Posted by Rusty

By using various deductions, exemptions, or credits.

The only deductions, credits or exemptions I am aware of come in the form of calling your business profit something else that it isn't or funneling it through your LLC through various means then taking a distribution. Either way its not legit...

I pay it, I hate it but I do pay it! Did I say I hate it?!

Dan

Rusty · 05-18-2017, 09:36 AM

Quote:

Originally Posted by ishoot308

The only deductions, credits or exemptions I am aware of come in the form of calling your business profit something else that it isn't or funneling it through your LLC through various means then taking a distribution. Either way its not legit...

I pay it, I hate it but I do pay it! Did I say I hate it?!

Dan

My suggestion would be to get a more knowledgeable business tax accountant.

SIKSUKR · 05-18-2017, 09:45 AM

I have a fantastic business tax accountant and I have no idea what your talking about except illeagal accounting on the books.

ishoot308 · 05-18-2017, 09:51 AM

Quote:

Originally Posted by Rusty

My suggestion would be to get a more knowledgeable business tax accountant.

Thanks for the suggestion but I like my freedom.

You stated... "Very few companies in NH pay the BPT or BET taxes". Having been in business for nearly 30 years I can assure you that simply is NOT true. As a matter of fact every NH business owner I know with receipts that exceed $50,000.00 reluctantly pays this tax.

Dan

ishoot308 · 05-18-2017, 09:53 AM

Quote:

Originally Posted by SIKSUKR

I have a fantastic business tax accountant and I have no idea what your talking about except illeagal accounting on the books.

Here's my thanks button push!!

Dan

joey2665 · 05-18-2017, 10:09 AM

That's exactly what "Rusty" does. He trolls and bates everyone into and argument

Rusty · 05-18-2017, 10:16 AM

Quote:

Originally Posted by joey2665

That's exactly what "Rusty" does. He trolls and bates everyone into and argument

I'll stop posting, sorry I come accross this way.

joey2665 · 05-18-2017, 10:34 AM

Quote:

Originally Posted by Rusty

I'll stop posting, sorry I come accross this way.

Just my opinion. That's for the webmaster to decide, certainly not me. You are entitled to your opinions.

Sent from my iPhone using Winnipesaukee Forum mobile app

Skip · 05-18-2017, 12:41 PM

Quote:

Originally Posted by ishoot308

Can you clarify that a bit for me?... How are profitable businesses in NH not paying this tax?....By lying about profits??....

Thanks!

Dan

Someone isn't cheating. In FY2015 alone the State collected over half a billion (yes, B as in Billion) in revenue from this onerous tax!

05-17-2017, 06:25 PM	#1
JADAQ Senior Member Join Date: May 2016 Location: Alton Bay Posts: 198 Thanks: 4 Thanked 66 Times in 43 Posts	EFI in Meredith has more layoffs Another round of layoffs yesterday (12 people) at the EFI plant on route 104. This comes about a month after senior management told everyone "there won't be any more layoffs" This must be part of "The Donald's" MAKE AMERICA GREAT AGAIN PLAN!! Now we'll be down and out, living the welfare side of life EFI is slated to move to Londonderry in February of 2018 to a new facility. Reason being is there customers don't want to travel an hour from MHT north to Meredith to see our beautiful state and spend money in the lakes region.... sad Last edited by JADAQ; 05-17-2017 at 08:27 PM.

05-18-2017, 09:45 AM	#14
SIKSUKR Senior Member Join Date: Apr 2004 Posts: 5,075 Thanks: 215 Thanked 903 Times in 509 Posts	I have a fantastic business tax accountant and I have no idea what your talking about except illeagal accounting on the books. __________________ SIKSUKR

05-18-2017, 10:09 AM	#17
joey2665 Senior Member Join Date: Sep 2008 Location: Meredith Bay & LI, NY Posts: 3,220 Thanks: 1,206 Thanked 1,007 Times in 648 Posts	Trolling That's exactly what "Rusty" does. He trolls and bates everyone into and argument

05-17-2017, 07:47 PM	#2
wifi Senior Member Join Date: Jul 2007 Location: Lakes Region Posts: 1,321 Thanks: 282 Thanked 287 Times in 169 Posts	You don't happen to go under a different nick here, do you?? Feb 2017 has passed, if you haven't noticed.

05-18-2017, 07:52 AM	#7
ITD Senior Member Join Date: Apr 2004 Location: Moultonboro, NH Posts: 2,860 Thanks: 461 Thanked 666 Times in 366 Posts	Kill this thread, someone is trolling.

05-18-2017, 08:55 AM	#11
SAMIAM Senior Member Join Date: Apr 2004 Location: Moultonborough Posts: 2,836 Thanks: 326 Thanked 1,626 Times in 562 Posts	Don't forget the business enterprise tax. Damn Trump......oops ,sorry.That tax came in before he was elected.