Canadian Sub-Surface Energy Services Announces Q2 2008 Financial Results Aug 11, 2008
On June 1, 2007, the Company completed the acquisition of the business assets of Sky-Hook Picker Services Inc. (Sky-Hook) for cash consideration of $375. The results of operations of Sky-Hook have been included since the date of acquisition. (CCNMatthews Press Releases)
Expectations of businesses for tax breaks in Budget 2009 Aug 4, 2008
These amounts will need to be revised upwards in line with prevailing car prices if businesses are not to be severely financially burdened for using cars as business assets. Withholding tax imposed on disbursements on fees paid to non-resident service providers should be excluded, as disbursements are not the providers costs. (The Star Online, Malaysia -- Business)
Past-due tax amounts are unclear Aug 1, 2008
"If you don't pay the amount you owe, make alternative arrangements to pay, or request Appeals consideration within 30 days from the date of this letter, we may take your property, or rights to property, such as real estate, automobiles, business assets, bank accounts, wages, commissions, and other income."To prevent collection action, please sent your full payment today. "In Tuesday's primary election, Jamison lost her post to challenger Vicki Sawney. The new county clerk will be sworn into... (Sallisaw Sequoyah County Times, OK)
Capital City Bank Group, Inc. Announces Alliance With Elavon for Its Merchant Services Business Aug 1, 2008
25 million for the purchase of the merchant services business assets. Capital City expects to record a one-time gain of $6. (Primezone Releases)
Hemisphere GPS Reports Record Q2 Revenues, Earns $0.06 per Share as Gross Margins Reach 52.5% Jul 29, 2008
During the quarter, the Company issued 1,500,028 common shares related to performance warrants issued in connection with the 2005 acquisition of the Outback sales and distribution business assets. There are no further performance warrants outstanding. (Canada Newswire)
> More than 1,700 area business impacted by floods Jul 29, 2008
Businesses of any size and 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, under a physical disaster loan offering. Economic disaster loans to help meet working capital needs, such as ongoing operating expenses, are available regardless of whether a business suffered any physical property damage. (Milwaukee Business Journal, WI)
Culver creates task force to study worker misclassification Jul 18, 2008
Employers who contribute to the local economy should not have to compete with those employers who choose to break the law by knowingly misclassifying their employees, " quoted Iowa Gov. Chet CulverThiese are the predatory businesses that ignore Immigration laws. Once caught employers should have the heaviest penalties thrown against them. Unless they have used the government E-verify data base and those hired have been shown to be legal. Then penalties should be harsh and severe. They are... (Waterloo-Cedar Falls Courier)
Secure your growing business with Symantec solutions from Intel Business Exchange. Protect laptops, desktops and servers from malware, viruses and things that go bump in your data. Jul 14, 2008
Lower risks, gain confidence and know that your business assets are protected. Get the Details. (LinuxPlanet)
HMRC powers a step too far? By Rebecca Benneyworth Jul 14, 2008
HMRC powers a step too far. By Rebecca Benneyworth - 14 Jul 2008. (Accounting Web, UK)
SBA Opens Additional Disaster Centers for Indiana Business Owners Jul 13, 2008
Saturday July 19, 2008 and Saturday July 26, 2008 only, 9 a.m. to 2 p.m. Businesses of any size and non-profit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. The SBA can also lend additional funds from its mitigation program to help with the cost of making improvements that protect, prevent or minimize the same type of disaster damage in the future. (PR Newswire)
Angiotech to Establish Separate Operating and Royalty Businesses Jul 7, 2008
Angiotech will contribute to API certain business assets and intellectual property, which include primarily business assets of Angiotech other than the intellectual property and royalty revenue related to the TAXUS(R) coronary stent system. The Company has entered into a note purchase agreement with Ares Management and New Leaf Venture Partners, under which the investors will purchase between $200 and $300 million, at the Company's option, of convertible notes issued by API that will be... (Canada Newswire)
SBA Offers Disaster Assistance to Massachusetts Residents Affected by the Fire in Weymouth Jul 4, 2008
The Center will be located in the following community and will open as indicated: Norfolk County Weymouth Library - Tufts Library, Main Branch 46 Broad Street Weymouth, MA 02188 Opening: Tuesday, July 8, 2008, from 9 a.m. to 6 p.m. Open: Wednesday, July 9, 2008 - Thursday, July 10, 2008 Hours: 9 a.m. to 6 p.m. Friday, July 11, 2008 9 a.m. to 5 p.m. Closing: Friday, July 11, 2008 at close of business Robert H. Nelson, Massachusetts District Director added that "Low-interest Federal disaster loans... (PR Newswire)
News Corporation and Permira Announce Proposed Acquisition of Publicly Held NDS Group plc Series A Ordinary Shares Jun 28, 2008
Source: News Corporation. News Corporation to also sell approximately 68% of its Series B Ordinary Shares. (Yahoo! Wire -- Entertainment News)
Sweet, sweet assets Jun 24, 2008
Examples of exclusions of business assets are water licences, a leasehold interest in afforestation arrangements, letting one's own holiday house for short-term holiday lets and instalment warrants over real property. send photos, videos ffs to 0424 SMS SMH (+61 424 767 764), or us. (Sydney Morning Herald -- Business)
SMEs need to be well covered Jun 23, 2008
Some of the key components of business risks that an SME should consider include the possible death or incapacitation of the key man or business owner, fire, riots or natural calamities affecting capital assets, theft, burglary, damage by flood affecting business assets in general, concentration risks due to loss of major suppliers/buyers and financial losses incurred in currency fluctuations. Concentration or dependency risks occurs where a company depend on either a single major buyer or... (The Star Online, Malaysia -- Business)
After The Taliban, Afghanistan Prospers Jun 12, 2008
Our partners understand the importance of developing robust commercial and financial sector laws to protect business assets and allow long-range business planning. They appreciate the need for a playing field on which all firms can compete equally on a commercial basis. (Investors Business Daily)
Do Not Wait For Insurance Settlement; SBA Urges Return of Applications Jun 7, 2008
5 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. For small businesses, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. (PR Newswire)
Payroll tax cut follows long campaign Jun 4, 2008
The Government has also brought forward the abolition of transfer duty on non-land business assets by 12 months to January 2011. Other tax cuts taking effect in the 2008/09 financial year, which have been announced previously, are the abolition of the transaction duty on unquoted securities from next January and the removal of the mortgage duty on non-owner occupied residential property from next month. (Sydney Morning Herald -- Australia)
Andrew LawrenceVIEWPOINT May 23, 2008
When Hlio's sponsorship money dried up midseason, his father sold his business assets and private property -- including the So Paulo apartment where Hlio's sister, Kati, lived as she pursued an MBA and her own dream career as a ballerina. She had no qualms about having to find a roommate and solicit sponsorship money for her little brother from her marketing professors. (SportsIllustrated.CNN -- Racing)
Altus Group Announces Intent to Acquire Certain Assets of UK-Based Cost Consulting Firm May 15, 2008
TORONTO, ONTARIO--(Marketwire - May 15, 2008) - Altus Group Income Fund ("Altus") (TSX: - ) announced today that it has entered into a non-binding letter of intent to acquire the business assets of The Andrews Partnership ("Andrews"). The acquisition is expected to be funded through a combination of cash, bank financing and equity. (CCNMatthews Press Releases)
Damage estimated; assistance offered May 11, 2008
5 million to repair/replace real estate, machinery, equipment, inventory and other business assets (businesses and non-profit organizations). Interest rates can be as low as 2. (Greenville Delta Democrat Times, MS)
Editorial: Governor makes wrong call on immigration bill (331) May 2, 2008
Brittanicus wrote on Apr 30, 2008 11:35 PM:" EVERY STATE IN OUR GRAND UNION, NEEDS A FREE THINKING, TRUE PATRIOTIC COP LIKE JOE...?He is not like squirming worms like Gov. Janet Napolitano, or LAPD Chief William Brattons who have been corrupted by pariah businesses and special interest lobby. Hopefully the American citizen use their vote, and throw these morons out of office and all the other timid lieutenants who cringe in dark corners, whenever another senseless death occurs at the hands of an... (Green Valley News & Sun, AZ)
Renegy Signs Letter of Intent to Acquire Operating 20 MW Biomass Power Generation Facility Apr 14, 2008
We previously purchased a biomass facility located in Susanville, California from SPI, and are pleased that our growing relationship has yielded another economically-compelling growth opportunity for us that also supports SPI's interest in divesting its non-core business assets. Our agreement with SPI will also provide for a supply of wood waste from SPI's sawmill and other timber-related operations to supplement the fuel requirements of both the Loyalton and Susanville plants. (Primezone Releases)
Loan aid trickles in for flood victims Apr 11, 2008
5 million to restore damaged or destroyed real estate, machinery and other business assets. In addition, they can qualify for Economic Injury Disaster Loans to help businesses struggling from diminished economic activity after flooding. (Fulton Sun, MO)
Buying and selling a business: the role of the accountant Apr 11, 2008
What business assets am I including within the sale price. By establishing what exactly is for sale from the outset it avoids any confusion further down the line. (Accounting Web, UK)
Harry Winston Diamond Corporation Announces Fourth Quarter and Fiscal 2008 Results Apr 8, 2008
TORONTO, April 7 /PRNewswire-FirstCall/ - Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) today reported fourth quarter and annual results for the period ending January 31, 2008. Fourth quarter sales increased 22% to $188. (PR Newswire)
TSX Venture Exchange Daily Bulletins for April 4, 2008 Apr 5, 2008
Pursuant to a Plan of Arrangement, approved by Rentcash shareholders on November 28, 2007, an operating subsidiary of the Company has acquired certain business assets from Rentcash and shareholders of Rentcash will be issued one common share of the Company for each common share of Rentcash held. Corporate Jurisdiction: Ontario Capitalization: unlimited common shares with no par value of which 19,684,373 common shares are issued and outstanding Escrowed Shares: nil common shares Transfer Agent:... (CCNMatthews Press Releases)
Commander attempts to get back on track wuth Nexon sale Apr 1, 2008
Commander is attempting to stage a turnaround by divesting itself of what it considers non-core assets, which aside from Nexon, includes the sale of Unitel Australia and Commander s Enterprise ICT business assets in Western Australia in February. Amanda Lacaze, Managing Director and CEO of Commander Communications said: We are delighted to announce the sale of Nexon to the original founders of Nexon, Charles and Barry Assaf. (iTWire)
Commander Communications sells Mar 30, 2008
5 million as well as its enterprise ICT business assets in Western Australia. The sale means Commander will not have to fund a likely cash outflow of about $9. (Melbourne Herald Sun)
SBA Stands Ready to Assist Victims of Recent Storms and Tornadoes in Georgia Mar 22, 2008
5 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. SBA can also lend additional funds to help with the cost of making improvements that protect, prevent or minimize the same type of disaster damage in the future. (PR Newswire)
Making the Most of Capital Gains Mar 22, 2008
Sign up now for FREESmartMoney. com Newsletters Enter your email address below. (SmartMoney)
Free Advice Online for this Taxing Time of Year Mar 20, 2008
The list also includes links to plain-English explanations of tax-law changes stretching from 2007 to 2011, information on business use of vehicles and depreciating business assets, estimated tax payments and starting (or closing) a business. We also love the comprehensive article on the home-office deduction that explains who qualifies and what to deduct, as well as the companion article on to stay within the IRS guidelines. (SmallBusinessComputing)
Delphi Energy Reports Record Fourth Quarter 2007 Production and Positions for Continued Growth Mar 20, 2008
Source: Delphi Energy Corp.. CALGARY, ALBERTA--(Marketwire - March 19, 2008) - Delphi Energy Corp. ("Delphi" or the "Company") (TSX: - ) is pleased to announce its financial and operational results for the year ended December 31, 2007. (CCNMatthews Press Releases)
Budget 2008: The wealth managers point of view Mar 19, 2008
Capital gains taxAs previously announced, taper relief and indexation relief will be abolished and all capital gains will be taxed at 18 per cent. The much publicised entrepreneurs relief will have effect for disposals of business assets after 6 April, 2008 ... The wording of certain double tax treaties, most notably those with the Isle of Man and the Channel Islands, has apparently enabled taxpayers to avoid paying UK tax on the profits arising in a foreign partnership from the sale ofbusiness... (Accounting Web, UK)
Court releases text of Heather Mills-Paul McCartney financial settlement Mar 19, 2008
The judge found that the total value of all the husband's assets, including his business assets, was about 400 million pounds ($800 million). There was no evidence at all before him that he was worth 800 million pounds ($1. (International Herald Tribune -- Arts)
Clinton Library Builder Disappears Amid Audit Mar 17, 2008
Depreciation, a standard accounting practice, figures how business assets, such as equipment, lose value over time. Recordings from the tapped phone line revealed no further threats, he said. (Fox News)
Budget 2008: Darling confirms new CGT reforms Mar 15, 2008
"The CGT reformsFrom 6 April 2008 substantial changes to Capital Gains Tax (CGT) will apply to individuals, trustees and personal representatives, but not for companies. The Finance Act 2008 will introduce the following changes:A main rate of CGT of 18% will apply to all gains other than those covered by the new entrepreneurs tax relief or the CGT annual exemption. A lower rate of 10%* for gains on certain business assets which are covered by the new Entrepreneur relief (see below).Capital gains... (Accounting Web, UK)
Would you credit it: those who can't afford tax bill can soon pay ... Mar 15, 2008
CGT: The new flat rate of 18 per cent has been confirmed, as has the new "entrepreneur's relief", which will result in a tax rate of 10 per cent being applied to the disposal of qualifying business assets up to a maximum lifetime total of 1 million. This relief was introduced to redress the apparent blunder by the Chancellor when he reduced the headline rate of CGT from 40 to 18 per cent from 6 April, but apparently forgot that this represented an 80 per cent increase in tax for those... (Scotsman)
Entrepreneurs relief or disappointment? By Rebecca Benneyworth Mar 9, 2008
Transitional relief will be available to those who have made a previous disposal of business assets, but have taken deferral relief, transferring the gain which would have arisen into a new asset ... Care is needed, however, as the transitional relief will only accrue to a holder of QCBs or other qualifying investments if they were the original disposer of the business assets. (Accounting Web, UK)
Essilor : 2007 Results Mar 6, 2008
Its new subsidiary Essilor Bulgaria Eood has acquired the business assets of Optymal Ood, which currently distributes Essilor lenses and instruments in Bulgaria and has nearly EUR1 million in revenue. The acquisition will enable the Company to actively participate in the fast growing corrective lens market, especially the progressive lens segment. (PR Newswire)
Entrepreneur's relief: Draft legislation and guidance notes published Feb 29, 2008
Associated disposalRe: sale of asset held outside partnership/company around the the same time as the material disposal of business assets - will relief be restricted where a rent is paid AKA retirement relief. Nichola Ross Martin, 29 February 2008 @ 11:11 AM. (Accounting Web, UK)
The coming dot AU property boom Feb 28, 2008
" Industry experts say an informed marketplace is likely to be a real problem to start with, if only because the current auDA policy has been so restrictive. Bruce Tonkin, chief technology officer at Australia's biggest domain name registrar, Melbourne IT, says auDA's current rules restrict transfers of domain ownership to a very specific set of exceptional circumstances. "The current policy doesn't allow domain names to be transferred or sold like other business assets. Essentially, you have to... (Sydney Morning Herald -- Technology)
U.S. Issues New Sanctions Against Myanmar, Freezes Assets Feb 26, 2008
U.S. Issues New Sanctions Against Myanmar, Freezes Business Assets Connected to Regime. Monday, February 25, 2008. (Fox News -- Politics)
Opinion: Tales from the IT Edge. By Dennis Howlett Feb 13, 2008
They may not live quite as close to the technology edge as I, but they know how to leverage their business assets and in particular their knowledge skills outside of the need for technology. For these practitioners, leading edge technology is a toolset that allows them to be more effective where it matters most. (Accounting Web, UK)
Vitran Reports 2007 Year-End and Fourth Quarter Operating Results Feb 8, 2008
" Additional information regarding non-GAAP measures is also included on Form 10K. Many of these factors are beyond the Company's control; therefore, future events may vary substantially from what the Company currently foresees. You should not place undue reliance on such forward-looking statements. Vitran Corporation Inc. does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future... (CCNMatthews Press Releases)
Change in plan to cut tax angers Pa. business owners Feb 6, 2008
Change in plan to cut tax angers Pa. Search post-gazette NOW. (Pittsburgh Post-Gazette, PA)
Do CGT and non-dom proposals flout EU law? Feb 6, 2008
He proposed to abolish indexation, remove taper relief for both business and non-business assets and introduce a flat rate of capital gains tax of 18. On 24 January, the Chancellor announced that 4/9ths of gains not exceeding 1 million on qualifying business assets which exceed the annual CGT exemption will fall out of charge and so be taxed at nearer 10. (Accounting Web, UK)
Symington Unveils Tax Plan Feb 2, 2008
Vermont is one of the few states in the country that offers a tax break to people who have earned money through the sale of stock or business assets. Like Gov. Jim Douglas, R-Vermont, the Speaker supports doing away with the exemption, saying it's about fairness and unearned income should be taxed at the same rate as earned income. (WCAX.com, VT)
* Ministry to demand aviation rights listed as assets Feb 1, 2008
The demand will be made in line with a 2006 revision to the financial accounting standards by Taiwan's Accounting Research and Development Foundation (ARDF), which stipulated that intangibles be listed as business assets. Although the rule became effective on Jan. 1 last year, most Taiwan businesses still did not include intangibles in their financial statements for the first half of last year, mainly because most Taiwan accountants have refused to attest to the assessed value of intangibles... (Taipei Times, Taiwan -- Business)
Relief tempered by confusion Jan 26, 2008
They point out that under the old CGT regime, which Mr Darling is scrapping, all gains on business assets, including companies built up by entrepreneurs, were taxed at 10 per cent once they had been held for two years. And they are concerned that the latest announcement, coming less than three months before April 6, gives businesses little time to arrange their tax affairs before the new regime comes in. (Times Online)
The new CGT regime: Where are we now? By Nichola Ross Martin Jan 26, 2008
A lower rate of 10% for gains on certain business assets which are covered by the new entrepreneurs relief (see below) ... A new Entrepreneurs relief will be available in respect of gains made on the disposal of certain business assets ... The first 1 million of lifetime gains on qualifying business assets will be charged to CGT at an effective rate of 10 per cent. Gains in excess of 1 million will be charged at the normal 18 per cent rate. (Accounting Web, UK)
Taxing timesHas the chancellor done enough to win over small businesses? Jan 25, 2008
The proposals announced last October included the abolition of taper relief which was very valuable, particularly for business assets eg shares in a family trading company, where the effective rate of tax can be as low as 10. Even for non-business assets, eg a second property, the rate can be as low as 24% rather than the 40% payable by a higher rate taxpayer without the benefit of this relief ... For a basic rate taxpayer, the effective rates of tax for business and non-business assets are even... (BBC News -- UK)
'Entrepreneurs' relief' as business wins tax dispute Jan 25, 2008
The concession follows intense business lobbying against the pre-Budget report decision to impose a flat CGT rate of 18 per cent, scrapping the 10 per cent rate for business assets held for at least two years ... But he also halved the rate for people selling business assets up to 1m ($1. (Financial Times)
Sour ending for Cherrywoods Restaurant Jan 24, 2008
Lee said the business assets went up for public auction on Jan. 18. The landlord filed a complaint for possession of the property (eviction of the tenants) on Oct. 15, according to the court clerk s office. (Norwell Mariner, MA)
Darling makes CGT concession for entrepreneurs Jan 24, 2008
Chancellor Alistair Darling watered down earlier proposals to reform capital gains tax on Thursday, saying entrepreneurs selling business assets could take advantage of a lower rate ... Darling announced plans to introduce a single 18 percent rate of capital gains tax in his pre-Budget report in October, scrapping taper relief which had allowed a 10 percent rate for business assets held for at least two years ... The changes were criticised by business groups, including the Confederation of... (International Herald Tribune -- Business)
Capital gains tax reformed again Jan 24, 2008
The plan to scrap a 10% rate for many business assets from April sparked a storm of protest from business groups including the CBI, Chambers of Commerce and Institute of Directors. Mr Darling said about 80,000 businessmen were likely to qualify for the relief at a cost to the Treasury of 200 million a year. (Guardian Unlimited -- UK)
Two Fricthls plead guilty Jan 22, 2008
Assisted by contacts in Belize, the defendants transferred their business assets, homes, and other assets into these trusts or into bank accounts corresponding to these trusts. The defendants, acting in concert with Aegis, filed tax returns that made it appear they had passed their business income through a series of trust or Asset Management Companies that ultimately paid little or no taxes. (Olney Daily Mail, IL)
Loans available to Jan. 10 storm victims Jan 19, 2008
5 million to repair or replace damaged or destroyed real estate, machinery, equipment, inventory and other business assets. The SBA can also lend additional funds to help with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future. (The Clarion-Ledger)
Moniker.com Records $1.1 Million in Domain Name Sales at Internext Expo Auction Jan 19, 2008
The full name portfolio and associated business assets will be transferred in the sale. In conjunction with the live auction, Moniker is still conducting an online auction of premium, adult domain names on its Web site, Moniker. (Yahoo! Wire -- Entertainment News)
Federal judge in Wyoming has ordered Nevada brothel owner to turn over financial information Jan 12, 2008
Judge Alan B. Johnson ordered 55-year-old David Burgess to turn over materials describing his business assets and liabilities. Burgess owns the Old Bridge Ranch, a legal brothel east of Reno. (KRNV.com, NV)
Judge orders Nevada brothel owner to show financial information Jan 11, 2008
Judge Alan B. Johnson ordered David Burgess, 55, to turn over materials describing his business assets and liabilities. Burgess owns the Old Bridge Ranch, a legal brothel east of Reno, Nev. (Rapid City Journal, SD)
Arbitration awards, valuation errors to avoid Jan 9, 2008
Failure to account for all business assets including intangible assets. 2. (Pittsburgh Post-Gazette, PA)
Unseasonably high price appreciation and record-breaking activity cap Canada's real estate market in 2007 Jan 8, 2008
Despite a restructuring of the Irving family's business assets, discussions persist about the development of a new $7 billion refinery in the Saint John area - a plan that would further solidify the province's reputation as the natural resource hub of eastern Canada. Added Soper: "As we move into the new year, activity levels are expected to wane from the frantic pace that many regions of the country experienced in 2007; however, average prices are expected to continue to rise, albeit at a much... (Canada Newswire)
More small business owners can now benefit from capital gains tax relief Jan 1, 2008
The changes will make it easier for the small business capital gains tax concessions to be accessed where business assets are owned separately from the entity or individuals that run the business. It is a fact that when many small business owners decide to retire, the majority if not all of their wealth is tied up in the business. (Sydney Morning Herald -- Business)
Federal loans can ease storm ills Dec 28, 2007
5 million to repair or replace business assets such as real estate, equipment and inventory. They also can borrow money to help prevent similar future damage. (Honolulu Star-Bulletin)
