UIBC Board Member John Lair (President & CEO of Momentum Recycling) spoke about the Business Personal Property Tax at the Utah Taxpayers Association’s Legislative Outlook Conference on January 7, 2019. Click below to listen to his speech.
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Last winter, we asked Vest Pocket Business Coalition members, board members, and founders to weigh in on the idea of a name change for our organization. The response was overwhelmingly positive in favor of choosing a new name that more clearly conveys our mission – which is to advocate for local, independently-owned businesses in Utah.
On September 1st, we will become the Utah Independent Business Coalition (or UIBC for short). This was the winning name based on the survey of many prospective names voted on by our members in December. This spring, the Vest Pocket Board of Directors voted to make the name change official.
We’re very excited about our new moniker, which we believe perfectly conveys our core purpose. This change coincides with our current board’s redoubling of efforts in the areas of providing advocacy, education, mentorship, and social connections for local business owners.
There are many exciting things in store for the coming months, including the unveiling of our new logo and a new website, which are both in development. For now, please continue to keep up to date on upcoming events here on this website and by connecting with us on our social media channels.
Note that if you are a current member of Vest Pocket, your membership will continue uninterrupted and will automatically transfer over to membership in the Utah Independent Business Coalition on September 1st. If you are not a current member, please click here to sign up.
Together, we’re building a stronger, independent business community in Utah. We look forward to seeing you soon at an upcoming event!
Vest Pocket Business Coalition (Utah Independent Business Coalition)
P.S. If you aren’t currently receiving our e-mail newsletter and would like to, please click here to sign up
https://utahindependentbusiness.org/wp-content/uploads/2018/08/vp-name-change-announcement-sm.png630630Vest Pocket/wp-content/uploads/2018/09/UIBCfirstname.lastname@example.orgVest Pocket2018-09-29 10:59:542018-10-02 08:56:01Vest Pocket is changing our name! Introducing… the Utah Independent Business Coalition (UIBC)
Two decades ago, Vest Pocket Business Coalition was started by a group of local business owners that needed advocacy help to fix a challenging parking ordinance. A grass-roots coalition formed to address the issue and they were successful. In the last 20, years Vest Pocket has advocated for countless local businesses on a variety of issues.
The name Vest Pocket was chosen because the term “Vest Pocket” brings to mind local businesses in our neighborhoods that hold close to our hearts, which is where a vest pocket is located. Once explained, the meaning is clear. However, it is worth considering this question: Will business owners (who haven’t yet heard of our organization) immediately grasp who we are and what we do based on our organization’s name?
In other words, does the name clearly and accurately signify what brings us together as local, independent business owners? Should the name be changed to help Vest Pocket be more effective? In light of these questions, we’ve been considering whether a name change might be in order. This topic is particularly important today as Vest Pocket works to increase its influence and advocacy work throughout the Wasatch Front and beyond.
The important thing is how you, our members, feel about this. Therefore, we need your feedback. Please click the link below and complete the short survey. Please let us know whether you favor a name change, and if so, which name(s) you think would best represent the organization that you’ve come to know as Vest Pocket Business Coalition. We will compile the results before the end of the year and report back to you on the results.
Thanks in advance for taking a moment to complete this survey, and thanks for your support of local, independent businesses!
Vest Pocket Business Coalition
https://utahindependentbusiness.org/wp-content/uploads/2017/07/VP-Survey1.png6301200Vest Pocket/wp-content/uploads/2018/09/UIBCemail@example.comVest Pocket2017-12-18 05:53:462017-12-18 05:57:18Should Vest Pocket Change Our Name? We Want Your Input
Four members of Vest Pocket’s Board of Directors attended Monday’s joint Utah House and Senate Revenue and Taxation Committee hearing to urge lawmakers to reform the Business Personal Property Tax. The issue was the biggest area of concern voiced by attendees of Vest Pocket’s October small business advocacy planning meeting.
Vest Pocket’s Doug Burton (President), Carol Elliott (Advocacy Chair), and John Lair (board member) were in attendance at the Capitol on Monday to testify about the burden the tax imposes on Vest Pocket’s member businesses.
Click below to listen to audio of Vest Pocket board members speaking during the meeting.
Speaking before the committee, Burton noted that many Vest Pocket members are in the retail and light manufacturing business and are burdened by not only having to pay the tax but also by the enormous amount of time required to inventory and assess the value for hundreds or thousands of individual items and to complete the required paperwork.
“Taxes should not put local, small businesses out of business”
– Vest Pocket’s Carol Elliott
Vest Pocket Advocacy Chair Carol Elliott (owner of Paletti, a local women’s clothing boutique), emphasized the impact of small business in Utah, noting that “small business hires more people in Utah than any other type of business and money that is spent in local business stays in the cities and in the state.” Elliott added, “We are the ones that hire other local businesses to (provide) services.” Elliott urged the commission to look at modifications to the code that would make it fairer for the small business community. “Taxes should not put local small businesses outof business,” she added.
Board member John Lair (President and CEO of Momentum Recycling) detailed how the tax had unfairly impacted his company. “Amongst other services we provide in the area we do all the glass recycling for Utah and the wider intermountain region.” Lair said: “We’re a very asset-heavy business, very akin to a manufacturer and so the issue that we have is two-fold. One is an issue of inequity. As a business with conveyors and hoppers and screeners and crushers, we pay tax that our friends with a similar revenue profile in software development and professional services don’t pay. So there’s a built in inequity as we talk about tangible personal property that’s taxed whereas intangible is not.”
Lair noted that the recycling industry has seen a lot of rough years. “In 2016 we had a loss in our business, and yet we still had to pay $32,000 in Business Personal Property Tax.” Lair added: “We had to borrow money and lay off an employee in order to cover this tax. That’s not how it should work in the state of Utah.”
Referring to the inequitable enforcement of the tax, Lair noted that there are many businesses that aren’t even aware of the tax and have never paid it or haven’t paid it for years. “They first learn about it when the auditor first comes into their business,” Lair said.
Burton cited two examples of the stringent application of the tax by auditors, as reported to him by Vest Pocket members:
The taxation of artwork hanging in a tea shop – artwork that the tea shop didn’t even own as it was on loan from the artist
An antique dining table that was a family heirloom that became subject to taxation because a set of business plans sat atop the dining table for a few minutes while the business owner met with the tax auditor
“This is the type of taxation that we feel is overly punitive and we don’t believe it represents the commitment that Utahns have for supporting small businesses,” Burton added. “Many of these are family-run businesses that have been in these families for generations.”
“This is the type of taxation that we feel is overly punitive and we don’t believe it represents the commitment that Utahns have for supporting small businesses”
– Vest Pocket President Doug Burton
Most lawmakers in the Committee hearing agreed that a total repeal of the Business Personal Property Tax would require a (state) Constitutional Amendment. As an alternative, Vest Pocket supports the modernization of the tax code to include the provision that any item valued under $1,000 would be exempt from an itemization of valuation for tax burden.
In its deliberations, the legislative committee discussed another possible reform option: a $30,000 deduction off the wholesale valuation of personal property for a business. Vest Pocket would also support this modification.
Click here to listen to an audio clip of the afternoon session of the hearing.
Following the hearing, Elliott added: “It is important that we continue to work with the taxation committee and the state tax commission with suggestions and ideas to make this a more equitable tax and to continue to level the playing field with big business and stress the importance of local small business and all they offer to their communities.”
Stay connected with Vest Pocket Business Coalition as we continue to follow this issue and others affecting your business ahead of the 2018 legislative session.
Be sure to attend Vest Pocket’s January 2018 Legislative Warm-Up Breakfast (date to be announced soon) to learn more about bills that may affect small business as well as more info about the progress on this issue.
https://utahindependentbusiness.org/wp-content/uploads/2017/12/VestPocketAdvocacy.png250250dburton_90067so9/wp-content/uploads/2018/09/UIBCfirstname.lastname@example.org_90067so92017-12-01 04:20:092019-07-13 18:05:04Vest Pocket Board Members Pushed For Reform of the Business Personal Property Tax at the Utah State Capitol on Nov. 27
On Nov. 8, 2017, Vest Pocket Business Coalition presented “My Business Is Out To Get Me! Reducing Stress and Finding the Work/Life Balance.” During this workshop, presenters Steven Beal and Debbie Coleman walked attendees through a custom workbook to help them create a personal action plan for:
Finding a work/life balance
Finding time for exercise
De-stressing during a stressful work day
Making time for personal growth (rejuvenation and more sleep!)
Reconnecting to one’s passion — the thing that inspired the business owner to start his or her own business
The title sponsors for the Vest Pocket event were Richards, Brandt, Miller, Nelson. Additional sponsors include Local First.
Click below to listen to audio of the November 8th workshop.
Steven Beal & Debbie Coleman’s Recommended Resources
Everyday Enlightenment: The Twelve Gateways to Personal Growth – By Dan Millman
TED Talks on shame and vulnerability – By Brené Brown
Daring Greatly: How the Courage to Be Vulnerable Transforms the Way We Live, Love, Parent, and Lead – By Brené Brown
Rising Strong – By Brené Brown
The Gifts of Imperfection: Let Go of Who You Think You’re Supposed to Be and Embrace Who You Are – By Brené Brown
Buddha’s Brain: The Practical Neuroscience of Happiness, Love & Wisdom – By Rick Hanson
RickHanson.net – website with lots of useful information and practical self-help tools
Super Brain: Unleashing the Explosive Power of Your Mind to Maximize Health, Happiness, and Spiritual Well-Being – By Deepak Chopra and Rudolph Tanzi
Manifesting Change: It Couldn’t Be Easier – By Mike Dooley
Steven Beal, Certified Personal Fitness Trainer and Trauma Therapy Hypnosis Practitioner
Steven’s approach includes a life-long commitment to learn as much as possible to help teach a balanced approach to wellness. With the knowledge that we are much more than a single aspect of expression in our personal life, Steven believes we must also approach wellness from a multi-dimensional perspective. He adds, “By creating balance between the mental, emotional, spiritual, physical, and energetic elements that exist in all of us, we attain our own best personal wellness.” Steven’s certifications include:
• Trauma Therapy Neurokinesis – Certified with Prolympian
International Trauma Coaching
• Reiki Master Teacher
• Registered and Certified with the National Guild of Hypnotists
• Personal Fitness Trainer – Certified AAFA Trainer
• Yoga Instructor – Spin Instructor
• Deeksha Spiritual Trainer – Oneness University, India
Debbie’s approach is integrative – traditional mental health therapy perspective and tools – combined with working with other evidence-based practices that include mind, body, and spirit. She has worked for a number of non-profit and for profit organizations that support women and children leaving domestic violence, people going through cancer treatment, and those afflicted with substance addiction. Debbie has also maintained a private practice since 2000 assisting people dealing with life transitions, depression and anxiety, grief, and trauma related symptoms.
She has been a Phoenix Rising Yoga Therapy practitioner since 2016, using yogic practices of breath, movement with awareness, relaxation, and meditation to access the wisdom of the body that can translate into inspiration for change. Phoenix Rising Yoga Therapy is a body-based modality that helps people cultivate a connection to their body, recognizing sensations, thought patterns, emotions and memories, and energetic experiences. Through a one on one session, this body connection supports a release of tension and promotes a greater sense of ease within one’s body and in life.
https://utahindependentbusiness.org/wp-content/uploads/2017/10/nov-8-2017-thumbnail.png600600dburton_90067so9/wp-content/uploads/2018/09/UIBCemail@example.com_90067so92017-10-28 09:49:412018-06-27 06:03:53Rave Reviews for November's Event: "My Business Is Out To Get Me! Reducing Stress and Finding the Work/Life Balance"