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SPRING 2013

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Distributor's Link Magazine Spring Issue 2013 / VOL 36 / NO.2

76 THE DISTRIBUTOR’S

76 THE DISTRIBUTOR’S LINK Leland Industries Inc. 95 Commander Blvd., Toronto, ON M1S 3S9, Canada Tel: 416-291-5308 Toll-Free: 1-800-263-3393 Fax: 416-291-0305 Email: info@lelandindustries.com www.lelandindustries.com LELAND’S RECENT ACQUISITION A SUCCESS! The recent acquisition of “Canadian Threadall Ltd.” By Leland Industries Inc. is proving to be a successful venture. Both companies began operations in the early 1980’s under private ownership. Both companies, for over twenty-eight years, moved forward in parallel, each offering their own specialty and standard fastener products. Now, each is able to benefit from their combined strengths. From the beginning, Leland Industries concentrated on domestic manufacture of bolts, nuts, and screws for the agricultural storage and metal building segments of North America’s construction industry. Canadian Threadall, from inception, earned a solid reputation for their expertise in producing quality threaded products in most ferrous and non-ferrous metals, engineered to the customer’s specifications. Growth for both companies came quickly at the same time as their reputations for quality products, delivered on time became known. Leland’s beginnings, with two bolt making machines and six employees evolved into a two hundred strong manufacturing force, operating and maintaining over 300 pieces of equipment in Leland’s own 155,000 sq. ft. plant, warehouse and head office facility. The recent purchase of additional bolt makers has expanded bolt making capacity to a maximum 3/4” X 6”. This combined with “Canadian Threadall” and their technical expertise in customized threading, bending, forming hardware and anchor bolt production, brings both groups newly expanded capabilities in manufacturing and the ability to serve diverse market opportunities. All Leland and Canadian Threadall products are produced to rigorous benchmarks of quality that surpass the test of today’s highly demanding and exacting needs of engineering - whether those items are based on the demands coming from international standards or from the customer. Enthusiasm, dedication to “quality” continuing employee education through in-house training, and commitment to providing “consistent quality”; all are required to succeed in a market continuously challenged by offshore. All Leland and Canadian Threadall products are traceable to each stage of manufacturing. When our customers receive a finished product it comes with a certificate issued by a competent body. As far as Leland and Canadian Threadall are concerned, these measures are key to their success - nothing less will do.

THE DISTRIBUTOR’S LINK 77 THE PARACHUTE CONGRESS MADE continued from page 32 Bonus Depreciation The 50% deduction on business investment on new equipment has been extended for 2013 for most purchases. However, for certain long-term assets and transportation equipment, the law is extended through the 2014 tax year 6.2% for all employees. Got Milk This law also extends the farm bill, avoiding the “Dairy Cliff”, which would have likely shown us a 100% rise in dairy prices. Estate and Gift Tax Under the new law, the estate tax exemption rises to ,250,000. It was indexed to inflation for 2012 at 5,120,000. The tax rate in 2013 goes from 35% in 2012 to 40% in 2013. Portability remains in place. Payroll Tax The payroll tax will increase for most Americans. In 2011 and 2012, the regular 6.2 reserved for social security on the employee’s end was reduced to 4.2%. As of January 1, 2013, the rate returned to Tax planning has become even more important for those planning on selling a business or passing a business. Our Recommendations Tax planning has become even more important for those planning on selling a business or passing a business. Taxes on wealthy individuals will be higher this year and in the future. It is our recommendation that any business planning should include tax planning. This is particularly important for those selling businesses and those having estates worth more than ,000,000. There are tools to utilize if you wish to sell or pass on your business.

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