Business Credit – Glw Drk http://glwdrk.com/ Thu, 23 Sep 2021 15:55:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://glwdrk.com/wp-content/uploads/2021/07/icon-1-150x150.png Business Credit – Glw Drk http://glwdrk.com/ 32 32 TOWN PEOPLE | Colombian star http://glwdrk.com/town-people-colombian-star/ http://glwdrk.com/town-people-colombian-star/#respond Thu, 23 Sep 2021 15:03:10 +0000 http://glwdrk.com/town-people-colombian-star/ Wynn T. Harvey II, MD, has joined Palmetto Family Medicine, a practice at Lexington Medical Center. First Community Bank received the Business Development Corporation of South Carolina award for the highest number of loans approved in 2020 for the Small Business Association (SBA) 7 (a) loan program, the Certified Development Corporation award for the largest […]]]>

Wynn T. Harvey II, MD, has joined Palmetto Family Medicine, a practice at Lexington Medical Center.

First Community Bank received the Business Development Corporation of South Carolina award for the highest number of loans approved in 2020 for the Small Business Association (SBA) 7 (a) loan program, the Certified Development Corporation award for the largest number of loans approved in 2020 for the SBA 504 loan program and the Business Development Corporation Of South Carolina award for the highest number of loans approved in 2020 for the South Carolina State Small Business Credit Initiative (SSBCI) loan program.

Michael J. Oehler, MD, has joined the Lexington Medical Center care network at Spring Valley Family Practice.

The following individuals have joined the Allen University leadership team: Dr. Eric Gamble, vice president for planning and information technology; Dr Gee Lockhart Sigman, associate vice president for planning, evaluation and research; and Jasher Cox, director of sports.

 Gerald R. Fortuna Jr., MD has joined Lexington Medical Heart and Vascular Center.

Lexington Medical Center employee and Red Cross partner Savannah Tapler was honored by the South Carolina Red Cross for coordinating 100 blood drives.

Erin Curtis joined Motor Supply, Inc. as Chief Operating Officer.

Leadership Columbia’s 2021-2022 class includes Dana Austin, Briana Bateman, Dee Bell-Williams, Fran Boyd, Daniel Branham, Paige Bryant, Pamela Bynoe-Reed, Shawn Caraballo, Nic Collins, Ken Corning, Coleman Davis, Helen Dennis, Lauren Eckstrom, Mary Cothonneau Eldridge, Angela Emerson, Karlin Ferguson, Donnie Fetner, Kim Fuller, Benjamin Gaston, Maureen Grewe, Quantina Haggwood, Chad Hardaway, Jona ‘Hodges, April Jackson, Caroline Jackson, Jimmy Jarvis, Alex Johnson, Chandler Jordan, Ebony Kelly, Casey Kemmerer, Allen Kendrick, Sarah Landholt, Casey Link, Sherryl Linkous, Adriane McGillis, Travis McNeal, Kristina Palmer, David Porth, Kirsten Pratt, Crawford Prezioso, Allison Rapp, Shayla Riley, Bradford “Jack” Robinson, Eric Schelble, Lindsey Shealy, Kelly Simmons, Rhonda Sims, Lincoln Skalla, Walker Sojourner, Richard “Blake” Stancil, Isabel Steen, La’Jessica Stringfellow, Meg Southern Syms, Eric Tatum, Jonathon “David” Thompson, Adam Vance, Aubrey Wall, Courtney Watson , Lee An nWatson, Cliff Weatherman, Sarah West, James Williams, Ebony Young, Lester Young and Matthew Zackon.

Sallie C. Giblin, MD and Nicholas Lytle, MD, MBA have joined Lexington Rheumatology, a medical practice at Lexington Medical Center.

Garrett Givens joined Cason Development Group as Director of Finance and Project Manager.


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InvenTrust Properties Corp. Completes $ 750 Million Amended Unsecured Credit Facility | Business http://glwdrk.com/inventrust-properties-corp-completes-750-million-amended-unsecured-credit-facility-business/ http://glwdrk.com/inventrust-properties-corp-completes-750-million-amended-unsecured-credit-facility-business/#respond Wed, 22 Sep 2021 21:34:36 +0000 http://glwdrk.com/inventrust-properties-corp-completes-750-million-amended-unsecured-credit-facility-business/ DOWNERS GROVE, Illinois – (BUSINESS WIRE) – September 22, 2021– InvenTrust Properties Corp. (“InvenTrust”, “IVT” or the “Company”) announced today that it has entered into a modified unsecured credit facility of $ 750 million, consisting of a modified term loan of $ 400 million and a modified $ 350 million revolver (the “Facility”). The facility […]]]>

DOWNERS GROVE, Illinois – (BUSINESS WIRE) – September 22, 2021–

InvenTrust Properties Corp. (“InvenTrust”, “IVT” or the “Company”) announced today that it has entered into a modified unsecured credit facility of $ 750 million, consisting of a modified term loan of $ 400 million and a modified $ 350 million revolver (the “Facility”). The facility is available for general business purposes, including acquisitions and other uses of working capital.

“We are delighted with the support and confidence our credit group continues to demonstrate in our portfolio of high quality Sun Belt assets, anchored in the grocery store,” said David Heimberger, senior vice president of capital markets , investor relations and transactions. “This facility maintains balance sheet flexibility and prepares InvenTrust to achieve our strategic portfolio objectives as we enter our planned next phase as a publicly traded company.”

In recognition of InvenTrust’s performance at the end of the pandemic and the core retail assets of the Company’s portfolio, the capitalization rate used to calculate certain financial commitments under the Facility improved by 25 basis points to 6.5%. The modified revolving credit facility also allows for an additional margin reduction of 1 basis point if certain environmental, social and governance (“ESG”) objectives are met.

The Company has disclosed the following terms of the Facility:

$ 350 million unsecured revolving line of credit

  • Based on the leverage of the Company, the price is LIBOR plus 105 basis points.
  • Extension of the due date to September 2025 (with the additional option of two 6-month extension options) from December 2022.

$ 200 million unsecured term loan

  • Based on the leverage of the Company, the price is LIBOR plus 120 basis points.
  • Extension of the due date to September 2026 from December 2023.

$ 200 million unsecured term loan

  • Based on the leverage of the Company, the price is LIBOR plus 120 basis points.
  • Extension of the due date to March 2027 from June 2024.

With respect to the Amended Revolving Credit Facility, KeyBanc Capital Markets Inc. and Wells Fargo Securities, LLC acted as co-book managers, and KeyBanc Capital Markets, Inc., Wells Fargo Securities, LLC, JPMorgan Chase Bank , NA, BofA Securities, Inc., and PNC Capital Markets LLC acted as Joint Principal Arrangers.

With respect to the Amended Term Loan Facility, Wells Fargo Securities, LLC, KeyBanc Capital Markets Inc. and BofA Securities, Inc. acted as associate bookkeepers, and Wells Fargo Securities, LLC, KeyBanc Capital Markets Inc ., US Bank National Association, Fifth Third Bank, National Association, BofA Securities, Inc. and PNC Capital Markets LLC acted as Joint Principal Arrangers.

In addition, First Horizon, Pinnacle Bank and United Bank have joined the Facility.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. (IVT) is a leading Sun Belt multi-tenant retail REIT that owns, leases, remodels, acquires and operates neighborhood and community centers anchored in grocery stores as well as high quality energy hubs that often have a grocery component. The Company continues to execute its strategy by investing in Sun Belt markets in assets with a critical retail profile, while demonstrating a focused and disciplined capital allocation. IVT is also committed to playing a leading role in environmental, social and governance (ESG) issues and has been a member of the Global Real Estate Sustainability Benchmark (“GRESB”) since 2018. As of June 30, 2021, the company is owner and manager of 65 commercial properties, representing 10.8 million square feet of commercial space.

Disclaimer Regarding Forward-Looking Statements

The forward-looking statements contained in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements which are not historical, including statements concerning management’s intentions, beliefs, expectations, representations, plans or predictions for the future and are usually identified by words such as “may”, “could”, “expect”, “intend to”, ” plan ”,“ seek ”,“ anticipate ”,“ believe ”,“ estimate ”,“ predict ”,“ potential ”,“ continue ”,“ probable ”,“ will ”,“ will ”and variations of these terms and expressions similar, or the negative of such terms or expressions. These forward-looking statements are necessarily based on estimates and assumptions which, while believed to be reasonable by us and our management, are inherently uncertain. The following factors, among others, could cause actual results, financial condition and timing of certain events to differ materially from those described in forward-looking statements: the effects and duration of the COVID-19 pandemic; interest rate movements; local, regional, national and global economic performance; competitive factors; the impact of electronic commerce on the retail sector; future retail store closures; grouping of retailers; retailers are reducing store sizes; retailer bankruptcies; the Company’s ability to meet and then maintain the listing requirements of a national stock exchange; changes in government policy; and any significant market changes and trends that could affect the Company’s decision to consume an alternative liquidity. For more information on factors that could materially affect the outcome of our forward-looking statements, future results and financial condition, see the risk factors included in InvenTrust’s most recent annual report on Form 10-K, as updated by any subsequent quarterly report on Form 10-Q, in each case as filed with the Securities and Exchange Commission. InvenTrust intends that such forward-looking statements be subject to the safe harbor rules created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, unless the law applicable requires it. . We caution you not to place undue reliance on forward-looking statements, which are made as of the date of this press release. We do not undertake to publicly update these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no conclusion should be drawn that we will make any further updates with respect to such or other forward-looking statements.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210922006008/en/

CONTACT: Dan Lombardo, InvenTrust Properties Corp.

630-570-0605 ordan.lombardo@inventrustproperties.com

KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING AND REAL ESTATE CONSTRUCTION AND REAL ESTATE FINANCING REIT BANK SUPERMARKET PROFESSIONAL SERVICES Convenience store RETAIL TRADE

SOURCE: InvenTrust Properties Corp.

Copyright Business Wire 2021.

PUB: 22/09/2021 17:34 / DISC: 22/09/2021 17:34

http://www.businesswire.com/news/home/20210922006008/en


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JOE TRIMBLE: Three Tips for Managing Small Business Cash Flow http://glwdrk.com/joe-trimble-three-tips-for-managing-small-business-cash-flow/ http://glwdrk.com/joe-trimble-three-tips-for-managing-small-business-cash-flow/#respond Wed, 22 Sep 2021 07:19:47 +0000 http://glwdrk.com/joe-trimble-three-tips-for-managing-small-business-cash-flow/ Cash flow is essential to the success of a small business. Even more than profitability, cash is important because it allows a business to buy inventory, keep the lights on, and pay its employees. As small businesses continue to try to recover from the pandemic, focusing on cash flow can help a small business survive […]]]>

Cash flow is essential to the success of a small business. Even more than profitability, cash is important because it allows a business to buy inventory, keep the lights on, and pay its employees.

As small businesses continue to try to recover from the pandemic, focusing on cash flow can help a small business survive and thrive.

Collect payments quickly

One of the easiest ways to improve cash flow is to get customers to pay as early as possible by offering them discounts. You may want to test the amount that is worth sacrificing to ensure your bill payments are processed as quickly as possible.

Another technique for collecting payments quickly is to require deposits from your customers before the product is delivered. This can help collect at least part of the payment up front rather than waiting until later in the month.

Accept electronic payments

Advances in technology give your customers many ways to transact quickly and efficiently with your business.

An example is electronic invoicing, which allows you to personalize invoices and set up automatic payment reminders for customers.

Electronic banking services like Zelle for Small Businesses make it easy to send and receive payments quickly.

In addition to helping your business get paid quickly, you can use Zelle to easily pay other businesses or individuals.

Anticipate cash flow shortages

It is important to plan for the unexpected. Typically, cash flow will vary and unforeseen expenses will arise even for established businesses.

Keeping a rainy day fund with three to six months of basic operating expenses in a reserve can prepare you for slack periods and emergencies. Another option is to use a business credit card or business line of credit to pay for everyday expenses and help close cash flow gaps. Make sure you keep track of your spending with online banking and monthly statements.

Reaching your highest potential as a business owner and being able to serve your customers effectively depends on maintaining a positive cash flow.

Following the tips above can help keep your business financially strong and position your business for success. For more information, please see https://www.wellsfargo.com/biz

Joe Trimble is the Small Business Leader from Wells Fargo to Pahrump.


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AM Best assigns credit ratings to Ørsted Insurance A / S http://glwdrk.com/am-best-assigns-credit-ratings-to-orsted-insurance-a-s/ http://glwdrk.com/am-best-assigns-credit-ratings-to-orsted-insurance-a-s/#respond Tue, 21 Sep 2021 15:41:00 +0000 http://glwdrk.com/am-best-assigns-credit-ratings-to-orsted-insurance-a-s/ AMSTERDAM – (COMMERCIAL THREAD) –AM Best assigned Ørsted Insurance A / S (ORIAS) (Denmark) a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” (excellent). The outlook assigned to these credit ratings (ratings) is stable. The ratings reflect the strength of ORIAS ‘balance sheet, which AM Best considers very strong, […]]]>

AMSTERDAM – (COMMERCIAL THREAD) –AM Best assigned Ørsted Insurance A / S (ORIAS) (Denmark) a financial strength rating of A- (excellent) and a long-term issuer credit rating of “a-” (excellent). The outlook assigned to these credit ratings (ratings) is stable.

The ratings reflect the strength of ORIAS ‘balance sheet, which AM Best considers very strong, as well as its adequate operational performance, neutral business profile and appropriate enterprise risk management (ERM).

ORIAS is the captive insurer of commercial property of Ørsted A / S (Ørsted), a global sustainable energy group headquartered in Denmark.

ORIAS’s very strong assessment of balance sheet strength is underpinned by its risk-adjusted capitalization, as measured by Best’s capital adequacy ratio (BCAR), which is significantly above the highest level. The company also benefits from a very conservative and liquid investment portfolio. Compensating factors in the assessment include the firm’s heavy reliance on reinsurance, although the risks associated with this reliance are partly mitigated by ORIAS’s long-standing relationship with its panel. reinsurance, which is highly rated.

The proper assessment of operating performance reflects the Company’s track record of good but volatile underwriting results. The captive has reported underwriting profits, net of reinsurance, for four of the past five years, benefiting from a low frequency of claims. In 2020, ORIAS recorded a net loss of DKK 28.8 million (2019: DKK 14.7 million profit). The loss was caused by prudent provisions for three large claims, which have since been adjusted significantly downward. Forward-looking performance is subject to volatility due to the company’s potential exposure to significant property losses, but underwriting volatility is moderated on a net basis by the captive’s full reinsurance program.

As a captive monoline insurer providing business property insurance coverage to Ørsted, ORIAS ‘underwriting portfolio is concentrated in business property insurance but is well diversified geographically. The neutral assessment of ORIAS’s corporate profile also reflects its strategic importance for Ørsted.

AM Best remains the main rating agency for alternative risk transfer entities, with more than 200 such vehicles rated worldwide. For Best’s current credit ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive.

This press release relates to credit ratings published on the AM Best website. For all rating information relating to the publication and relevant disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this publication, please see AM Best’s Recent Rating Activity webpage. . For more information on the use and limitations of credit rating reviews, please see Best’s Guide to Credit Ratings. For more information on the proper use of Best Credit Ratings, Best Preliminary Credit Ratings, and AM Best press releases, please see the Guide to Appropriate Use of Best Ratings and Ratings.

AM Best is a global credit rating agency, news publisher, and data analytics provider specializing in the insurance industry. Based in the United States, the company operates in more than 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2021 by AM Best Rating Services, Inc. and / or its affiliates. ALL RIGHTS RESERVED.


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Enterprise Bank Has New Markets Tax Credit to Fund Projects in Low Income Areas | Business http://glwdrk.com/enterprise-bank-has-new-markets-tax-credit-to-fund-projects-in-low-income-areas-business/ http://glwdrk.com/enterprise-bank-has-new-markets-tax-credit-to-fund-projects-in-low-income-areas-business/#respond Tue, 21 Sep 2021 04:00:00 +0000 http://glwdrk.com/enterprise-bank-has-new-markets-tax-credit-to-fund-projects-in-low-income-areas-business/ Enterprise Bank & Trust, based in St. Louis, has at least $ 6 million in federal new market tax credits available in New Mexico to provide additional funding for construction or operating costs in low income census tracts. “Santa Fe is clearly an area of ​​interest to us,” said Troy McClelland, vice president of tax […]]]>

Enterprise Bank & Trust, based in St. Louis, has at least $ 6 million in federal new market tax credits available in New Mexico to provide additional funding for construction or operating costs in low income census tracts.

“Santa Fe is clearly an area of ​​interest to us,” said Troy McClelland, vice president of tax credits and investments at Enterprise.

Enterprise, which bought Los Alamos National Bank in 2019, has six branches in New Mexico, including three in Santa Fe and one in Los Alamos, White Rock and Albuquerque. In total, Enterprise has 47 branches in Arizona, California, Kansas, Missouri, Nevada and New Mexico.

The US Treasury Department is targeting 10 states, including New Mexico, with $ 5 billion in new business tax credits this year recently allocated to 100 lending institutions, with Enterprise being one of 11 banks included.

The ministry determined the targeted states based on those that have historically underused the tax credit.

Enterprise received $ 60 million in new market tax credits, 20% of which goes to New Mexico and Kansas, the two target federal states in the bank’s service area. Over the years, Enterprise has received $ 183 million in tax credits for new markets, but this is the bank’s first round since moving to New Mexico, McClelland said.

Competitive loans with flexible term and interest terms typically finance projects involving “dormant manufacturing facilities, inadequate education and health care facilities, vacant commercial properties”, where traditional financing or investors may not be available to cover the full cost, depending on Community Development Treasury. Financial Institutions Fund, which administers the tax credit.

New market tax credits can help fund affordable housing projects if they have a commercial element, McClelland said.

“It is a loan of last resort offering flexible terms when loans are not available from traditional lending institutions,” he said.

In the past, Enterprise has set aside about 40% of its new business tax credits in a small business loan fund, an unusual way to use tax credits, McClelland said. He said the loans can be as small as $ 500,000 to finance equipment or other operating costs.

The project or business receiving the New Markets Tax Credit must be located in a census tract where poverty exceeds 20 percent, and the median family income must be 80 percent or less of the median income of the region, McClelland said.

Tax credits for new markets are funded by private investors, who receive a 39% tax credit over seven years.


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Exchange Bank Senior Credit Manager Mary Leonard-Wilson is promoted to senior role as Credit Manager http://glwdrk.com/exchange-bank-senior-credit-manager-mary-leonard-wilson-is-promoted-to-senior-role-as-credit-manager/ http://glwdrk.com/exchange-bank-senior-credit-manager-mary-leonard-wilson-is-promoted-to-senior-role-as-credit-manager/#respond Mon, 20 Sep 2021 15:00:00 +0000 http://glwdrk.com/exchange-bank-senior-credit-manager-mary-leonard-wilson-is-promoted-to-senior-role-as-credit-manager/ SANTA ROSA, Calif .– (COMMERCIAL THREAD) – Exchange Bank (OTC: EXSR) today announced that Mary Leonard-Wilson, SVP, Senior Credit Officer has been promoted to the Exchange Bank Executive Committee as SVP, Credit Officer, reporting directly to Troy Sanderson , president and CEO. Mary has over 20 years of community and executive banking experience, and has […]]]>

SANTA ROSA, Calif .– (COMMERCIAL THREAD) – Exchange Bank (OTC: EXSR) today announced that Mary Leonard-Wilson, SVP, Senior Credit Officer has been promoted to the Exchange Bank Executive Committee as SVP, Credit Officer, reporting directly to Troy Sanderson , president and CEO. Mary has over 20 years of community and executive banking experience, and has been filling this acting role since May of this year.

“Mary and I have been peers in community banking in Northern California for many, many years,” said Troy Sanderson, President and CEO. “Her reputation was impeccable at the time, and that reputation was only surpassed by my actual experience working with her here at Exchange Bank. We are very fortunate to have him in this role and in our team.

Prior to joining Exchange Bank, Ms. Leonard-Wilson served in lending and credit roles with several independent community banks in the San Francisco Bay Area. Prior to that, she held a wide range of lender team management roles in New York, Chicago and New Jersey, with a focus on commercial loan origination and loan portfolio management. She has also participated in due diligence and integration teams for a number of bank mergers.

In 1994, Ms Leonard-Wilson moved to Napa Valley where she joined the National Bank of the Redwoods (NBR) as Commercial Lending Officer, taking on additional responsibilities as Senior Loan Officer and Credit Officer until ‘upon the bank’s merger with Westamerica Bank in 2005. In 2006, Ms Leonard-Wilson co-founded Presidio Bank with the former CEO of NBR and served as Chief Credit Officer, bringing the bank to over 900 million dollars in assets and over $ 700 million in loans before merging with Heritage Bank of Commerce in October. 2019.

Ms. Leonard-Wilson holds a BA in English from Colgate University. She has lived in Calistoga since 1994 and has been active in the community, holding leadership and board positions for several community and non-profit organizations including the Santa Rosa Metro Chamber of Commerce and the Task Force of Western Bankers Association Conference of Lenders.

About the exchange bank

Based in Sonoma County and founded in 1890, Exchange Bank is a leading community bank with $ 3.5 billion in assets. Exchange Bank offers a wide range of personal, business, trust and investment services with 18 retail branches in Sonoma County, a commercial branch in Roseville, and trust and investment offices in Santa Rosa, Roseville and Silicon Valley. . The Bank’s legacy of financial leadership and community support is built on its core values ​​of commitment, respect, integrity and teamwork.

Exchange Bank has won the North Bay Business Journal’s (NBBJ) Best Places to Work 16 times, received the 2020 North Bay Community Philanthropy Award and the 2020 North Bay Healthiest Businesses Award. The Press Democrat Best of Sonoma County Reader’s Choice 2021 named Exchange Bank Best Bank and NorthBay biz magazine named Exchange Bank Best Consumer Bank and Best Commercial Bank in 2020. Sonoma Valley People’s Choice Awards named Exchange Bank Best Local Bank 2021 and North Bay Bohemian’s Best of 2020 Reader Survey named Exchange Bank the Best Merchant Bank and Best Consumer Bank. Exchange Bank is also listed in the NBBJ Book of Lists as a leading lender and wealth management advisor, maintaining the # 1 position in SBA 7 (a) loans in Sonoma County for 2020. www.exchangebank.com .

FDIC Member – Equal Housing Lender – Equal Opportunity Employer


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How accounting giants craft favorable tax rules inside government http://glwdrk.com/how-accounting-giants-craft-favorable-tax-rules-inside-government/ http://glwdrk.com/how-accounting-giants-craft-favorable-tax-rules-inside-government/#respond Sun, 19 Sep 2021 09:00:13 +0000 http://glwdrk.com/how-accounting-giants-craft-favorable-tax-rules-inside-government/ This year Mr. Harter returned to PwC. “I have fully complied with the Treasury Department’s conflict rules by not meeting with PwC officials” during a two-year “cooling off” period that prevents government officials from meeting with their former employers, said Mr. Harter. Although he was involved in building the overseas tax break and met with […]]]>

This year Mr. Harter returned to PwC.

“I have fully complied with the Treasury Department’s conflict rules by not meeting with PwC officials” during a two-year “cooling off” period that prevents government officials from meeting with their former employers, said Mr. Harter. Although he was involved in building the overseas tax break and met with corporate lobbyists, Mr Harter said he had no recollection of meeting Ms Olson or others. PwC officials on the subject.

Ms Olson referred the questions to PwC.

The 2017 tax overhaul included a provision allowing certain people to benefit from a 20% tax deduction on certain types of business income. But the law – known as Section 199A – largely excluded an undefined category of “brokerage services”. In 2018, lobbyists from several industries, including real estate and insurance, went to the Treasury to try to persuade officials that the broker ban should not apply to them.

On August 1, records show Ms Ellis met with her former PwC colleague, Mr Feuerstein, and three other lobbyists for her client, the National Association of Realtors. They wanted real estate brokers to be entitled to the 20% deduction.

The meeting took place even before the first draft of the proposed rules were made public, which meant that from the start Ms Ellis’ former PwC colleague and her client had a privileged lead.

When the Treasury released its first version of the proposed rules a week later, real estate brokers were eligible. The National Association of Realtors took credit for the victory on their website. (The final rules only applied to brokers in stocks and other securities.)

Ms Ellis’ meeting with Mr Feuerstein appeared to violate a federal ethics rule that bars government officials from meeting with their former colleagues in the private sector, said Don Fox, acting director of the Office of Government Ethics under the administration and, before that, lawyer in the Republican and Democratic administrations.

Mr. Fox called the meeting improper. “It will definitely call into question the way this regulation was drafted,” he said. “There’s no way to undo the taint that’s going to be attached to it now.”


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Go cashless – your small business can accept payments from anywhere with one of these mobile credit card readers http://glwdrk.com/go-cashless-your-small-business-can-accept-payments-from-anywhere-with-one-of-these-mobile-credit-card-readers/ http://glwdrk.com/go-cashless-your-small-business-can-accept-payments-from-anywhere-with-one-of-these-mobile-credit-card-readers/#respond Sat, 18 Sep 2021 20:00:39 +0000 http://glwdrk.com/go-cashless-your-small-business-can-accept-payments-from-anywhere-with-one-of-these-mobile-credit-card-readers/ There is a saying: “Money is king. Well, we’re not so sure anymore. Look in your wallet right now – how much physical money do you have with you? It is evident that cards have become the preferred transaction tool for any type of purchase. With that in mind, how do small businesses survive in […]]]>

There is a saying: “Money is king. Well, we’re not so sure anymore. Look in your wallet right now – how much physical money do you have with you? It is evident that cards have become the preferred transaction tool for any type of purchase. With that in mind, how do small businesses survive in a world where cash is becoming increasingly scarce? Mobile credit card readers are bringing small businesses or whatever service or product you sell into the modern card world.

Mobile credit card readers are an amazing tool for any merchant who sells any product or service. Let’s say you clean carpets for a living. You can provide your service, plug the mobile card reader directly into your phone through your iPhone’s headphone jack or Lightning port, and pay immediately. All you need is a mobile card reader, your phone, and a smartphone app and you are ready to go. What a world.

What else should I know about mobile card readers

There are basically three types of mobile card readers available today:

  • Magnetic tape readers

  • EMV smart card readers

  • Mobile wallets

Magnetic tape readers are your classic case of swiping your credit card’s magnetic stripe through the slider to pay. As we all know, technology evolves at an incredible rate, and even this style of card reader is becoming less and less common due to the potential for credit card fraud. These will obviously work with any credit card, but EVM chip readers are becoming the norm.

EMV chip readers are a much more secure way for the merchant to receive payment and for the customer to protect themselves against fraud. EMV chip readers are mobile credit card readers that allow you to insert your card into the device and read the chip inside your card for payment. It is a much more secure method of payment and can protect both parties, especially the merchant who may be responsible for stolen credit card information if they do not use an EMV chip reader.

Mobile wallets are basically the next evolutionary step. Many people leave their wallets at home and choose to pay with contactless payment on their phone or smartwatch. These mobile wallets use NFC to receive contactless payments. Not only is it a quick way to pay for products and services, but you also don’t have to touch anything that feels more important to you after 2020.

What are the best mobile card readers

In the world of mobile payment, Square sits on the throne and offers plenty of options for your business. But there are a handful of other options from companies like Paypal and Shopify that provide convenient and secure mobile payment receivers.

Below are our recommendations for the best mobile card readers.

1. Square terminal

The Square Terminal is a robust payment option, but not as portable as the Square options that plug into your phone. That being said, it is a more versatile and secure payment capture tool with swipe, chip and contactless payment. It prints receipts directly from the terminal for your customers and you can receive bank payments in just one business day.

Square bollard

Square bollard

Buy: Square Terminal $ 379.99

2. Square Reader for Magstripe

PHONES WITH HEADSET JACK

This mobile card reader fits in your pocket and easily plugs into your phone’s headphone jack. It accepts all major credit and debit cards as customers swipe the magnetic strip on their card for payment. The fee includes 2.6% + $ 0.10 for each sweep. Pair this is the Square Point of Sale app and you can see a full transaction history of all your sales.

SumUp Plus Card Reader

SumUp Plus Card Reader

Buy: SumUp Plus Card Reader $ 19.00

3. Square drive for iPhone

New iPhone users will gladly pay the extra $ 3 to use this Square mobile card reader, as it offers the option of plugging the card reader into the light port instead of the headphone jack. All of the same processing and payment processing fees apply from the Square card reader headphone jack. The only real difference is the initial price and the way it connects to your phone.

Square drive for iPhone

Square drive for iPhone

Buy: Square Reader for iPhone $ 9.98

4. Payanywhere card reader

Many small businesses don’t want to pay the processing fees for mobile card readers. Payanywhere offers a monthly fee of $ 9.95 for the services. Depending on the size of your business, it might be cheaper to opt for this monthly rate. You will need to create an account with SWYFTPAY, but then you will enjoy the benefits of a mobile card reader capable of reading magnetic cards, EMV and contactless payments. Plus, it’s small enough to fit in your pocket.

Payanywhere card reader

Payanywhere card reader

Buy: Payanywhere Card Reader $ 19.87

5. Shopify Card & Swipe Reader

Granted, it can be a bit boring to constantly plug mobile card readers into your phone and then unplug them when you don’t need them. The Shopify Card & Swipe Reader connects to your mobile phone or integrates with your point of sale system via Bluetooth, so you don’t need to physically connect anything to your phone. Customers can swipe their cards or have the chips read for extra protection. You can even capture signatures using Shopify POS.

Shopify Card and amp;  Scan reader

Shopify Card and Card Reader

Buy: Shopify Card & Swipe Reader $ 29.00

6. Paypal Chip and Swipe Reader

This slim and convenient mobile credit card reader is ideal for service and product providers on the go. It weighs less than two ounces and is thin enough to easily fit in your pocket. The mobile card reader accepts smart card and magnetic card payments, but in conjunction with the mobile app, you can even send invoices and record cash transactions.

Paypal Chip and Swipe Reader

Paypal Chip and Swipe Reader

Buy: Paypal Chip and Swipe Reader $ 24.99

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How startups can use trade credit to scale faster http://glwdrk.com/how-startups-can-use-trade-credit-to-scale-faster/ http://glwdrk.com/how-startups-can-use-trade-credit-to-scale-faster/#respond Sat, 18 Sep 2021 07:00:00 +0000 http://glwdrk.com/how-startups-can-use-trade-credit-to-scale-faster/ The benefits of establishing a solid financial history and a good business credit rating are widely recognized, especially among those who have been in the business industry for several years. Having said that, this usually involves a significant amount of time, capital, and procedures, and is therefore still avoided by many business owners in the […]]]>

The benefits of establishing a solid financial history and a good business credit rating are widely recognized, especially among those who have been in the business industry for several years.

Having said that, this usually involves a significant amount of time, capital, and procedures, and is therefore still avoided by many business owners in the United States.

More often than not, businesses tend not to even consider building a solid credit score history until they need to apply for business loans or credit extensions.

This is a very impractical approach to adapt according to The Really Useful Information Company (TRUiC), as it will (likely) mean that companies will have to significantly postpone any business venture requiring significant financial assistance until another moment. – where they have sufficiently built up their credit.

Below, we’ll take a look at the best ways to do it for businesses in 2021.

1.Negotiate favorable terms

Ultimately, every business needs money. Negotiating better terms for yourself and your business with vendors can go a long way in building your business’s credit rating properly. Indeed, this will allow you (in general) to repay the loans you contract more quickly and with more reliability.

Whether you own a premier business or just a small startup, the way you deal with your suppliers will reflect: a) credibility and b) reliability – especially vis-à-vis future creditors, and therefore may mean that (in the future) you will be in a position that will allow you to obtain lower loan interest rates when negotiating financial-related contracts.

2. Work with your lender

In addition to being able to negotiate better terms for your business, liaising with your lenders can also help in that it will allow you to quickly and accurately understand the ins and outs of business credit.

Lenders may also choose to offer your business an installment arrangement; Simply put, it allows your business to pay off its debt in installments over a period of time. By doing this, your business credit score will automatically improve (assuming you don’t miss any payments due).

While this is arguably one of the best options for any business owner with “small business debt” according to TRUiC, the added benefit of improving your credit score in a holistic way in fact one of the most frequently cited steps in most “how to build business credit guides.”

3.Open new accounts

Opening new business accounts can be one of the easiest ways to fix your business credit score quickly and properly. This is because a variety of lenders tend to offer commercial lines of credit; these can be used to fund: a) new business equipment, b) loans to other businesses, and c) any other business related improvements that will significantly affect the nature of day-to-day operations of your company.

That said, it should be noted that these commercial lines of credit are usually associated with exorbitant interest rates. This means that you will inadvertently increase your opportunity cost significantly.

4.Establish trade credit with Tradelines (Net-30 accounts)

After building strong business credit reports over a reliable period of time, you can (according to TRUiC) reap significant benefits by liaising with a variety of “mainstream” financiers – such as banks, and acquiring multiple lines of credit. credit.

This can provide a variety of benefits for your business, including: a) demonstrating that you are financially credible in the eyes of future lenders and potential investors, b) proliferating your total available funds significantly, and c) flexibility increased – due to the possibility of using a variety of different trade lines for different purposes.

From a practical standpoint, nothing would prevent you from using your additional business lines to further improve your business credit rating, thereby strengthening your business’ position as a “low risk” option for your business. potential lenders.

Final thoughts

As briefly touched upon above, the importance of building a strong business credit score history cannot be understated.

Specialty companies like Obsidian Bear Funding (TRUiC’s # 1 choice) can offer a variety of products and services that enable new business owners to build and maintain a good credit rating from the start.


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Auto, tenant and home insurance http://glwdrk.com/auto-tenant-and-home-insurance/ http://glwdrk.com/auto-tenant-and-home-insurance/#respond Fri, 17 Sep 2021 20:58:36 +0000 http://glwdrk.com/auto-tenant-and-home-insurance/ Personal Finance Insider writes about products, strategies, and tips to help you make informed decisions with your money. We may receive a small commission from our partners, such as American Express, but our reports and recommendations are always independent and objective. If your car is broken into, full comprehensive auto insurance will cover damage or […]]]>

Personal Finance Insider writes about products, strategies, and tips to help you make informed decisions with your money. We may receive a small commission from our partners, such as American Express, but our reports and recommendations are always independent and objective.

  • If your car is broken into, full comprehensive auto insurance will cover damage or theft of the car.
  • Home and tenant insurance covers all personal property stolen from the car.
  • Make sure you file a claim in a timely manner so you don’t miss out on coverage.
  • See Insider’s picks for the best auto insurance companies.

If your car is broken into, whether or not you are reimbursed for the theft or damage depends on the type of insurance you have. Auto insurance, tenant insurance and home insurance all come into play.

Comprehensive auto insurance covers break-in theft

There are three main types of

car insurance
: complete, collision and liability. Full coverage is a combination of all three. If you finance or lease your car, your lender probably requires full coverage and collision coverage.

Comprehensive coverage replaces or repairs your vehicle if it is stolen or damaged. Comprehensive coverage typically covers damage caused by theft, fire, vandalism, or falling objects such as a tree.

If you have purchased full or comprehensive auto insurance, you will be covered in the event of a break-in.

* Most states require some type of liability coverage

Home and tenant insurance covers the theft of personal property

If you have home insurance or renters insurance, it will cover all personal property stolen from your car.

Home and tenant insurance covers the theft of your personal property, even if it happens outside of your home. If your personal laptop is stolen while you’re at a coffee shop, homeowners ‘and tenants’ insurance will cover it. If your laptop was stolen from your car, home and renters insurance will cover the theft of the laptop, but not your car damage or theft.

Steps to making a car theft or break and enter claim

If personal items are stolen from your car, full coverage auto insurance, full coverage auto insurance, and home or renters insurance will cover your personal items. If your car itself has been stolen, you will need full or comprehensive auto insurance.

If you need to make a claim with your insurer, follow these steps:

  1. Take photos or video of the damage.
  2. Make a list of missing, stolen and damaged items.
  3. File a police report as some carriers will require it. Make sure you have your driver’s license, insurance card, vehicle registration, and list of missing items.
  4. Contact your insurer. Failure to notify your insurance provider in a timely manner could result in denial of your claim.
  5. If your credit / debit card has been taken, notify your financial, banking or credit card institution.
  6. If your Social Security card, passport, driver’s license, or government issued ID card is stolen, notify the appropriate government agencies.
  7. If necessary, contact the three credit reporting companies (Experian, TransUnion, and Equifax).
  8. Keep documentation of any unauthorized purchases or access to your data, if your banking or identity information has been stolen.

Failure to file a claim on time may result in denial of benefits, so don’t wait long. You can call the claim number on your policy or make a claim online on your carrier’s website. Due to the coronavirus pandemic, many carriers have digital applications for filing claims where you can upload photos of the damage for faster processing.

Auto insurance premiums may increase after filing a claim

Filing a claim may increase your insurance premium depending on the number of claims already filed or the amount of damages claimed. If it’s a minor fuss, there’s a good chance your rates won’t go up, Felipe Teixeira, director of domestic auto products at Country Financial, told Insider.

Talk to your auto insurance provider to find out how filing a claim can impact future premiums.


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