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    News and Articles on Business Assets



    Millions in taxes yet to be paid  Nov 21, 2009
    But considering that all 91,157 bills for real estate, personal property and business assets total $141. 9 million -- money for the school district, the city government and the state -- that's not bad for this point in the process, Richmond County Tax Commissioner Steven Kendrick said. (The Augusta Chronicle)

    Destiny Resource Services Corp. Announces Q3'09 Results  Nov 12, 2009
    The acquisition of business assets that occurred in April 2008 was included in the current year. Total net book value of property and equipment was $11. (CCNMatthews Press Releases)

    Rise of Elkann could finally lead to demise of car maker  Nov 1, 2009
    Elkann says he was left with control of the family's business assets when his grandfather, Giovanni Agnelli II, died in 2003. Elkann, now 33, possesses little of his grandfather's zeal for public life. (Business Report, South Africa)

    EDCI Holdings, Inc. Announces 3Q2009 and YTD 3Q2009 Results  Oct 31, 2009
    "market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-14400", "open" : "", "close" : "", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000". Search for share prices. (Yahoo! Wire -- Entertainment News)

    Options In Focus: The Option to Buy or Sell?  Oct 29, 2009
    Relationships can be top business assets. When one goes sour, find out why and solve the problem fast. (Investors Business Daily)

    Accounting 101 Amortization and D...  Oct 23, 2009
    Methods of Write Down and Useful Life of Business Assets. What's the difference between amortization and depreciations of an asset. (Suite101.com)

    'No deal' on cheese factory  Oct 22, 2009
    Giuseppe, who has received a $178,000 Brunswick shop and a 30-hectare Whittlesea property from his parents, said they had not fairly divided their business assets. He suspected he would not be looked after in their will. (Sydney Morning Herald -- Australia)

    The taxing issue of doing business in China  Oct 19, 2009
    " China may be regarded as a paradise for cheap manufacturing and wealth creation, but can also be a business hell if you get it wrong. China now has a 25 per cent unified tax rate as well as additional indirect taxes, such as a five per cent business tax (a surcharge on certain types of profits) with a very strict enforcement regime, says Peter Godber, National Head of Taxation Services at Grant Thornton. Many entrepreneurs may be unaware of the new tax changes which have come about since laws... (Sydney Morning Herald -- Business)

    Buying a Company Balance Sheet E...  Oct 13, 2009
    A major portion of the buyer s investment is for the purchase of the business assets. The assets as shown on the balance sheet are a total sum of all assets by category. (Suite101.com)

    Finally, state gets a budget  Oct 10, 2009
    6 billion in federal stimulus money and $909 million from a blend of new taxes including an 25-cent-per-pack increase in the cigarette tax, a first-ever tax on little cigars, and a delay of a planned phase-out of a tax on business assets. They also approved a plan to raise $60 million by leasing state land to energy companies for natural gas extraction. (Pittsburgh Post-Gazette, PA)

    State tax vote opens door to new budget  Oct 8, 2009
    The revenue bill raises the cigarette tax by 25 cents per pack, delays the phaseout of a tax on business assets, authorizes leasing of more state forest land for natural gas drilling, depletes the state's "rainy day" emergency fund and starts a tax amnesty program aimed at getting scofflaws to pay up. The new taxes, which accompany $2 billion in federal stimulus aid and $25 billion from the sales tax, income tax, corporate taxes and other state revenues, will pay for a fiscal year 2009-10 budget... (Pittsburgh Post-Gazette, PA)

    Arguing dominates state budget process  Oct 7, 2009
    Other new revenue in the Senate budget would come from delaying for two years a planned phase-out of a tax on business assets; approving a 25-cent per pack hike in the cigarette tax; increased leasing of state land for natural-gas drilling in the Marcellus shale region of the state; and a tax amnesty program aimed at encouraging scofflaws to pay up. The increased gas-drilling proposal faces opposition from lawmakers including state Rep. (Pittsburgh Post-Gazette, PA)

    Accounting 101 Balance Sheet  Oct 6, 2009
    The first section shows the business assets and the second section shows the liabilities and owner s equity. The following formula a simplistic example of what makes up the balance sheet. (Suite101.com)

    Health care may hit House, Senate floor mid-month  Oct 1, 2009
    Brittanicus wrote on Sep 23, 2009 12:43 PM:" Any company that has hired more than 3-5 illegal aliens--MUST be entirely aware that they are hiring foreign nationals? That's why we need a comprehensive E-Verify application in operation, as permanent immigration identity software countrywide? Nor should it be on a voluntary basis for everybody. Long timers and new hires must be verified? Sen. Grassley must have heard from his constituencies, because a letter The Honorable Thad Cochran Chairman... (Longview Daily News, WA)

    House Democrats considering insurance tax  Sep 26, 2009
    The fines should be severe, but in cases of second violations, should forfeit business assets and receive a prison sentences. These obnoxious businesses know exactly what they are doing and know the risks. (Longview Daily News, WA)

    Nortel plans to sell some carrier networks assets  Sep 22, 2009
    SAN FRANCISCO Nortel Networks Corp. said Monday that it intends to auction off some of the company's carrier networks business assets in bankruptcy court. More business news. (Atlanta Journal-Constitution -- World)

    Budget proposal likely to pass both House, Senate  Sep 15, 2009
    Mr. Pileggi defended the revenue projections, which include about $200 million from growth in the state's economy; $97 million from a 25-cent per pack increase in the cigarette tax; $200 million from introducing table games at state casinos; $100 million from increasing prizes for "small games of chance'' and increasing taxes on them; $374 million from delaying the phaseout of a tax on business assets; $100 million from additional leases of land for natural gas exploration; $75 million from... (Pittsburgh Post-Gazette, PA)

    AGING & CARING: 10 things to consider including in a will  Sep 3, 2009
    Give directions for allocating business assets. Business assets are often separate from personal assets and most business owners have very specific ideas about what should be done with them after their deaths. (Atlanta Journal-Constitution -- Living)

    Democrats, GOP still at odds over state budget  Sep 2, 2009
    The latter category includes the state's $750 million "Rainy Day Fund'' for economic emergencies and a surplus of about $700 million in a fund that helps doctors pay medical malpractice insurance premiums. Recurring revenues include the state's annual allotment of federal tobacco settlement money; an increase in the state sales tax rate; eliminating some of the dozens of exemptions to the sales tax; increasing the $1.35 per pack cigarette tax by up to 25 cents a pack; imposing a first-time... (Pittsburgh Post-Gazette, PA)

    Still no state budget, Rendell talks taxes  Sep 1, 2009
    Other revenue-raising ideas that have some support are postponing the phaseout of a tax on business assets (which could raise about $370 million in 2009-10) and expanding legalized gambling by letting casinos add table games (which could produce $90 million in one-time license fees this year and then recurring tax revenue starting in 2010-11). Mr. Rendell said he doesn't know when a budget will finally be worked out, but hoped that a verbal agreement could reached by the end of next week. (Pittsburgh Post-Gazette, PA)

    Clarkson grows eye care empire  Aug 31, 2009
    It would sell the optometry equipment and other business assets to Clarkson Eyecare, which plans to be a tenant in the building, said Gerry Jehling, Clarkson s chairman and one of the five TBW investors. Clarkson then would convert Kiefer s office in the building to a Clarkson Eyecare unit, making it the company s third location in South County and its 43rd in the St. Louis area. (St. Louis Business Journal, MO)

    What the Growing Deficit Really Means  Aug 26, 2009
    In 2007, the top 1% of the U.S. population owned 60% of all business assets. Meanwhile, the bottom 50% of the population owned a mere 2. (CBS News)

    Romano's will reopen just as Fred Young closes (3)  Aug 24, 2009
    Romano's closed down in February after Alfonso (who owned the business licenses) and Carmine (who owns the land) couldn't come to an agreement regarding consolidation of the business assets. Alfonso sold the business assets, turned in his licenses, closed the mortuary and moved back to Boston. (Sebastopol Sonoma West Publishing, CA)

    TEXT OF BERNANKE'S SPEECH: Reflections on a year of crisis  Aug 22, 2009
    In contrast, in the case of the insurance company American International Group (AIG), the Federal Reserve judged that the company's financial and business assets were adequate to secure an $85 billion line of credit, enough to avert its imminent failure. Because AIG was counterparty to many of the world's largest financial firms, a significant borrower in the commercial paper market and other public debt markets, and a provider of insurance products to tens of millions of customers, its abrupt... (USA Today -- Money)

    SBA to give aid to Kentucky flood victims  Aug 20, 2009
    Businesses and nonprofit organizations of any size can borrow as much as $2 million to repair or replace damaged or destroyed real estate, machinery, equipment, inventory and other business assets. The SBA also can lend funds to help borrowers prevent future flood damage, according to the release. (Louisville Business First, KY)

    Tax code: An idea whose time has come  Aug 14, 2009
    g., plant and machinery) to be treated as business assets and any profits arising on sale of these assets to be treated as normal business income and not as capital gains. In practical terms, a company will now be subject to the same uniform rate of 25% tax on gains from transfer of such business capital assets as against the current rate of 20% for long-term capital gains on transfer of all capital assets. (India Times)

    Stanford Asks Judge to Let New Lawyers Seek Access to Funds to Pay Bills  Aug 5, 2009
    In a lawsuit filed by the U.S. Securities and Exchange Commission in February, a federal judge in Dallas froze the financiers personal and business assets and placed them under the control of receiver. Stanford has denied all civil and criminal allegations of wrongdoing. (Bloomberg -- US)

    Arizona's Bashas' seeks Chapter 11 reorganization  Jul 14, 2009
    Everock, Inc. (Pink Sheets: EVRN) announced today that it has completed a reverse merger transaction with privately held Nature's Peak, Inc. whereby its business assets and operations have been integrated with Everock. Nature's Peak has assumed control of the newly combined company and, in the near future, its name will be changed to reflect this. (Fresno Bee -- Business)

    Privacy Policy  Jul 5, 2009
    In transactions such as these, customer information is generally one of the transferred business assets. Moreover, in the unlikely event that we or one of our publishing lines are acquired, customer information may be one of the transferred assets. (Seacoast New Hampshire)

    Trustee: $231 million so far for Madoff victims  Jul 2, 2009
    After Madoffs arrest late year, Picard was appointed to try to recover any remaining business assets and divvy up those proceeds along with SIPC funds to victims. About $1. (MSNBC -- Business)

    Tax planning for business assets  Jun 29, 2009
    SOLE proprietors can optimise their taxes by taking capital allowances on business assets into account. Fixed assets: Fixed assets acquired for use in the business are eligible for tax relief in the form of capital allowance. (The Star Online, Malaysia -- Business)

    Opponents of state's tax hike line up  Jun 19, 2009
    He also wants to delay the phaseout of a tax on business assets; increase the cigarette tax; enact a new tax on cigars, smokeless tobacco and natural gas extracted from Marcellus shale wells; dip into the state's "Rainy Day Fund'' for emergencies; and tap a surplus in a fund to help doctors pay for medical malpractice insurance. Rep. Tony DeLuca, D-Penn Hills, said he could support the new tobacco taxes but isn't ready to vote for a higher income tax. He said the Legislature first must make sure... (Pittsburgh Post-Gazette, PA)

    Rendell's proposal to raise tax rate faces a huge fight  Jun 17, 2009
    In addition to the higher PIT, Mr. Rendell yesterday also called for a three-year suspension of the scheduled phaseout of the state's Capital Stock and Franchise Tax, a levy on business assets. Its current rate is 1. (Pittsburgh Post-Gazette, PA)

    Maximum Benefit  Jun 1, 2009
    Q. In 1995 the bank for my business sold up our home and all of the business assets to pay a debt owed to them. The proceeds from the sale of the home and assets did not fully repay the debt. (Sydney Morning Herald -- Business)

    Sonic Solutions Reports Financial Results for Fourth Quarter and Fiscal Year Ended March 31, 2009  May 29, 2009
    the negative impact of current macroeconomic conditions on consumers and associated impact on their ability and inclination to spend on leisure and entertainment related activities and related software and electronics; * the timely introduction and acceptance of new products and services, including but not limited to the rate of acceptance of our CinemaNow and Qflix initiative, online services and high-definition products by content owners, original equipment manufacturers and consumers; *... (Primezone Releases)

    Students lose promised trip  May 23, 2009
    outwiththeold wrote on May 22, 2009 10:00 PM:" lets look at it in another perpective.lets say you get a job and the business promisses you money as compensation because you are performing your job.now lets say after two weeks you are expecting your paycheck, as it was agreed, but now the business says you know what i dont want to pay you (or you can add any excuse here ie business is bad, i dont have money to pay, etc.) what would the person do, would he/she be entitled to anything? now lets say... (El Centro Imperial Valley Press, CA)

    SBA opens center to help storm victims  May 20, 2009
    Businesses of any size and private, nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. Economic Injury Disaster Loans are also available for small businesses. (Houston Business Journal, TX)

    Ghanaians asked to assist VAT recover taxes  May 15, 2009
    He also said money, including foreign currency, business and business assets, any means of transportation among others also formed part of taxable gift. Mr Ansah urged the participants to consider it as a moral obligation to declare their taxes on any gift, beside that of their official remunerations. (Ghana Web, Ghana)

    JOHNSON: Steinbrenner buys Yankees (2.12.73)  May 7, 2009
    The Babe's 714 homers and DiMaggio's 56-game streak and Don Larsen's perfect World Series game are now among the business assets of John DeLorean, 48, a vice-president of General Motors, and Marvin L. Warner, 53, a real-estate developer from Cincinnati, and James Nederlander, 50, who owns playhouses and art centers in Washington, Phoenix, Chicago, Detroit, Baltimore and New York. And the Yankees' 29 American League pennants and 20 World Series titles over the past 52 years now belong to Sheldon... (SportsIllustrated.CNN -- MLB)

    More of this story  May 7, 2009
    For example, if a business assets are liquidated and used to pay down 75,000 of a loan, leaving a 25,000 differential, the town would only be responsible for whatever percentage it had guaranteed of the remaining 25,000. Hartford said they have preliminarily proposed capping 50-percent-guarantee loans at 100,000, with the town adding a 25-percent guarantee. (Westerly Sun, RI)

    Corporate bonds: Empty coffers  May 5, 2009
    That is because high default rates occur when economies are in trouble and business assets have to be offloaded at fire-sale prices. But this alone cannot explain the collapse. (The Economist)

    Taxing two properties  Apr 30, 2009
    g. residential property, vehicles, business assets) of any nature including rights to property (e. g. limited interests) as well as deemed property (e. (iAfrica.com)

    Equal Time: Work on budget, jobs, housing made session a success  Apr 18, 2009
    Ending the Georgia intangible tax on business assets. Instead of more wasteful government spending, the JOBS bills empower Georgia businesses to invest and hire more people. (Atlanta Journal-Constitution -- Opinion)

    Legislature delivers on issues that matter to state residents  Apr 16, 2009
    Elimination of the Georgia intangible tax on business assets. Instead of empowering government with more wasteful spending programs, these policies empower employers to hire and invest in Georgia's economy. (Athens Banner-Herald)

    Judge: Investors can force bankruptcy  Apr 11, 2009
    A court-appointed trustee already is in the process of liquidating his business assets. ADVERTISEMENT. (Anchorage Daily News)

    Feds seize Madoff's Palm Beach mansion, yacht  Apr 3, 2009
    A court-appointed trustee already has begun liquidating Madoff's business assets. Court papers filed in Manhattan asked a judge to lift an order that currently prevents involuntary bankruptcy for Madoff himself. (WSVN-TV Miami, FL)

    Rhode Island Machine Shop Owners Convicted of Tax Fraud  Apr 1, 2009
    According to the indictment and evidence introduced at trial, Bruce Lapierre tried to obstruct an IRS investigation of the machine shop's income by renaming business assets by sending false and frivolous letters to the IRS claiming he was not required to file tax returns or pay taxes, and by directing a financial institution not to comply with an IRS summons for records. Chief Judge Lisi scheduled sentencing for July 9, 2009. (PR Newswire)

    Sunday morning fire destroys Whetstone business assets  Mar 23, 2009
    The Sierra Vista Herald. Last updated on Monday, Mar 23, 2009 - 02:15:36 am MST. (Sierra Vista Herald, AZ)

    Biomerge Industries Ltd. Announces Transaction With Total Energy Services Trust  Mar 20, 2009
    Source: Biomerge Industries Ltd.. EDMONTON, ALBERTA--(Marketwire - March 19, 2009) - Biomerge Industries Ltd. ("Biomerge") (NEX:BIL.H) is pleased to announce that Biomerge, Total Energy Services Trust ("Total") and Total Energy Services Ltd. ("TESL") have entered into an agreement (the "Arrangement Agreement") pursuant to which, among other things, Total will convert from an income trust to a corporation (the "Conversion"). (CCNMatthews Press Releases)

    State seizes assets from liquor store  Mar 19, 2009
    The Kansas Department of Revenue on Wednesday executed a Sedgwick County tax warrant and seized the business assets of LLC.. All known bank accounts, on-site cash, business inventory, and personal property assets belonging to the owner were seized and the business, at 211 N. Hillside, was sealed closed. (Wichita Business Journal, KS)

    Delinquent Taxpayer Confronts Philly Mayor On TV  Mar 12, 2009
    He said if they don't pay by April 2 their business assets will be seized and sold by the sheriff. He seemed surprised when one of the lawyers confronted him. (CBS News)

    SBA offering loans for wildfire victims  Mar 12, 2009
    Businesses and private non profits can borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. The SBA also offers Economic Injury Disaster Loans for small businesses and some private non profits to help meet working capital needs caused by the disaster, regardless of whether the business suffered any property damage. (Austin Business Journal, TX)

    Destiny Resource Services Corp. Announces 2008 Results and Annual Meeting of Shareholders  Mar 11, 2009
    Although there has been an overall decline in demand for exploration services in North America, the Company has been able to increase its market share in the US. Part of this increase is due to the acquisition of US business assets that occurred during Q2'08 ... Intangibles and goodwill came from the acquisition of MP Brett Holding Ltd. in October 2006 and the business assets of All-Terrain Industries Inc. in April 2008. (CCNMatthews Press Releases)

    Bill cuts capital gains taxes for some businesses that stimulate state’s economy  Mar 10, 2009
    - Offer a lower capital gains tax the longer that business assets are held in Montana ... The tax breaks would occur when the business assets are sold in the 10-year period, when the business changes hands, Essmann said. (Helena Independent Record, MT)

    The Manitowoc Company Reduces Book Value of Discontinued Operation  Mar 3, 2009
    "In spite of the significant decline in valuations for business assets that nearly all companies are facing, we expect to comply with our obligation to sell the Enodis Ice Group," said Glen Tellock, Manitowoc's president and chief executive officer. "We are also taking decisive actions to address the impact of the global recession on our business. While these are difficult decisions, they are necessary to maintain Manitowoc's strong financial condition.". (PR Newswire)

    House Votes to Cut Tax on Business Assets  Feb 28, 2009
    Since 1917, Missouri has charged a franchise tax on corporations' assets, inventory and property, although the state has been gradually reducing the tax rate and exempting smaller businesses. The franchise tax is levied on any corporation worth at least $1 million. (Missourian Publishing, MO)

    Cephalon Launches Takeover Offer for Australian Biotechnology Company, Arana Therapeutics  Feb 27, 2009
    Arana Independent Directors Recommends Shareholders Accept the A$318 Million Offer, in the Absence of a Superior Proposal. Australian Biotechnology Company Offers Strong Technology Platform and Phase II Antibody in Development for Inflammatory Diseases. (PR Newswire)

    How Automation Technology Can Improve Performance Of Your Power Plant  Feb 22, 2009
    Companies should write policies and procedures aligning with corporate security goals, and perform thorough risk assessments that identify plant and business assets, define potential threats, and spell out vulnerabilities across the enterprise. Conclusion Today's challenging times in the electric power industry require new, more effective measures that link technical performance with financial results. (Energy Pulse, CO)

    How much are we really worth?  Feb 22, 2009
    Household wealth incorporates property values, business assets, superannuation, share portfolios and debt. The report, which analysed 1135 statistical regions across Australia, used Statistics Bureau data from 2003-04 as well as more recent information about house prices, taxation and demographics. (Sydney Morning Herald)

    Rudd lets states off in deal on stamp duty  Feb 14, 2009
    Those taxes are: mortgage duty on business loans, transfer duty on sales of business assets other than real estate, and stamp duty on sales of securities not listed on the stock exchange. Story Tools. (Sydney Morning Herald -- Australia)

    Fed calls gain in U.S. family wealth a mirage  Feb 13, 2009
    Slightly more than half of those unrecognized gains came from real estate, and the second biggest source was increases in the value of business assets. The Fed's estimates, which are based on a survey of 4,422 households, are in line with estimates that economists have made about the aggregate plunge in wealth since the housing bubble began to deflate in 2006. (International Herald Tribune -- Business)

    Event at Cankdeska Cikana Community College to help students with financial aid  Feb 10, 2009
    Students are asked to bring along their 2008 federal tax return and W2 forms, any untaxed income records, veteran noneducation benefits, worker s comp and child support, information on savings, investments, business assets and farm assets (if applicable). Drivers licenses, social security numbers and alien registration cards (if you are not a U.S. citizen) will also be needed. (Devils Lake Daily Journal, ND)

    Newlook Subsidiary's Assets Placed for Sale  Feb 10, 2009
    On February 2, 2009, the Interim Receiver provided Wireless Age with initial marketing documentation indicating that it intended to sell the business assets in three separate packages; 1) the assets of Wireless Source, which consists of the former commercial operating segment, 2) the Saskatchewan retail operating segment assets of Wireless Ltd., and 3) the Manitoba retail operating segment assets of Wireless Ltd. The Interim Receiver indicated that preference would be given to a purchaser of all... (CCNMatthews Press Releases)

    ProLogis Reports Fourth Quarter and Full-Year 2008 Results  Feb 10, 2009
    Our guidance reflects that focus; however, sizeable asset sales or other corporate actions could alter our expectations, which we will reflect in future guidance," Sullivan added. For details on the key business drivers and assumptions that support the company's 2009 guidance, please use this link: or visit the company's website at . Selected Financial and Operating Information -- Same-store net operating income in the quarter was essentially flat. Average full-year, same-store net operating... (PR Newswire)

    Commercial Real Estate  Feb 8, 2009
    price includes business assets. acceptable confidentiality agreement necessary for financials. (Seacoast New Hampshire)

    Restraining Business: Accountants and the Proceeds of Crime. By Jame Hilsdon  Feb 8, 2009
    The Crown may fear that their target "defendants" will abuse the freedom to trade by placing business assets beyond reach. The Crown may not understand transactions or trust explanations offered by the company. (Accounting Web, UK)


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