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Not exact matches
Trump's
plan proposes a new
tax rate of 25 percent
for the pass - through income of «small and family - owned
businesses.»
Ian DiNovo,
tax YouTuber and founder of DiNovo Associates, shares his top advice
for helping small
businesses plan ahead
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our
business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial,
business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential
for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences
for business aircraft, including the effect of global economic conditions on the
business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals
for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand
for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension
plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price
for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in
tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
tax law, such as the effect of The
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate
for our additional capital needs or
for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco
business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to
business relationships and other
business disruptions
for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing
business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase
plan, among other things.
Other proposals include a carbon
tax on gasoline sales, limiting deductibility of state
taxes for businesses by imposing the same caps that now apply to individuals, and
taxing generous employer - provided health care
plans.
This summer, Clinton released details of that
plan, which would include
tax credits up to two years
for businesses that include profit sharing as part of their employee compensation.
May 2 (Reuters)- Amazon.com Inc said it has halted
planning for a new office building in Seattle and might sub-lease rather than occupy another future tower downtown, pending a city council vote on a proposed
tax on top
businesses.
May 2 - Amazon.com Inc said it has halted
planning for a new office building in Seattle and might sub-lease rather than occupy another future tower downtown, pending a city council vote on a proposed
tax on top
businesses.
What's more, while 95 percent of small
businesses are organized as pass - throughs (based on 2014 Treasury Dept. data) rather than traditional C - corporations, the CNBC / SurveyMonkey Small
Business Survey found the most support (68 percent)
for the
tax plan among C - corps — which would receive the flat corporate
tax - rate reduction to 20 percent.
The time to think about
tax season isn't at the first of the year — it's all year long, and these five strategies can help any small
business plan for a simpler
tax season with fewer headaches.
Santorum similarly would cut the top corporate
tax for all
businesses to 20 percent, which would mirror his
plan for a 20 percent personal flat
tax.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired
businesses into United Technologies» existing
businesses and realization of synergies and opportunities
for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new
business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension
plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in
tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax (including U.S.
tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax reform enacted on December 22, 2017, which is commonly referred to as the
Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their
businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
As a Partner and Regional
Business Tax Services Leader at EY, Belinda Pestana works with leadership on strategy for tax advisory and planning, and is the Global Tax Account Leader on one of the firm's largest clients, managing $ 50 million plus of tax reven
Tax Services Leader at EY, Belinda Pestana works with leadership on strategy
for tax advisory and planning, and is the Global Tax Account Leader on one of the firm's largest clients, managing $ 50 million plus of tax reven
tax advisory and
planning, and is the Global
Tax Account Leader on one of the firm's largest clients, managing $ 50 million plus of tax reven
Tax Account Leader on one of the firm's largest clients, managing $ 50 million plus of
tax reven
tax revenue.
Beyond those basics, you'll get approved more readily and with better terms if you give the banks precisely what they need to make a decision:
tax returns and audited (if possible) financial statements (P&L, balance sheets and cash flow)
for the year to date and the previous three years; monthly statements
for the previous 12 months; a
business plan explaining what you do, how you do it and why your company would be a good risk; a detailed projection showing how you will generate the funds to pay down the line; and a backup
plan (collateral) to repay the bank if the projections don't pan out.
All versions of the Trump
tax plan have included some type of break
for «pass - through»
businesses, so - called because their profits are passed through to their owners and subject to the personal income
tax rather than the corporate income
tax.
Trump's
plans for tax and regulatory reform could benefit entrepreneurs, small
business owners and corporations alike.
Amazon.com said it has halted
planning for a new office building in Seattle pending a city council vote on a proposed
tax on top
businesses.
If the small
business owner is
planning to exchange property to the corporation
for stock, then a
tax advisor should be consulted; if the property has appreciated,
taxes may be due on the exchange.
Many of the
business tax cuts in the Republican
plan are simply windfalls
for people who made
business investments in the past — and even if investors are very responsive to incentives, they can't respond to the bill by investing more in
businesses and creating more jobs in the past.
«The ability to
plan for business decisions has been impacted already by the uncertainty, especially over what the
tax rates will be in 2013.»
Instead, he is attempting to leave untouched the
tax advantage
for regular mom - and - pop small
businesses while chopping back on the
tax planning opportunities
for high earners.
If these proposed
tax measures are successful, small
businesses will retain their advantages
for active
business investment by active mom - and - pop operations, but no longer deliver special advantages to others using the small
business tax regime as a
tax planning loophole.
A Republican
tax - cut
plan due to be unveiled on Wednesday is expected to call
for a new rate
for «pass - through»
businesses of about 25 percent.
Businesses starting their first
plan with fewer than 100 employees might qualify
for tax credits as high as $ 500 to offset setup and administrative costs
for three years, and employer contributions are
tax deductible
for the firm.
The linchpin of the
plan is the reduction of the corporate
tax rate to 20 percent from 35 percent and establishment of a 25 percent
tax rate
for «pass through»
businesses, which currently pay income
tax rates as high as 39.6 percent.
According to a 2010 report by the Joint Committee on Taxation, the official scorekeeper
for Congress, about 3 percent of people who report
business income would face a
tax increase under Obama's
plan.
«
Planning before year - end will provide valuable insight about current
tax savings strategies
for your
business while estimating future retirement benefits
for both you and the employees.
RRSPs can lower
taxes for adults in the workforce if they are
planning on taking a break from work
for personal reasons, such as to start a
business, have a baby, travel or write a book.
Schroeder says that using a 401 (k) Profit Sharing
Plan, you can put away up to $ 52,000
tax - free
for 2014 (or $ 57,500 if you are over 50) and $ 53,000
for 2015, depending on the earnings of your
business for the year (which, Schroeder notes, are limited to 25 percent of compensation).
The
plan would create a new 25 percent
tax rate
for «pass - through»
businesses — sole proprietorships, partnerships and S corporations that currently pay
taxes at the individual rate of their owners.
According to the
Tax Policy Center, Trump's
plan includes the ability
for pass - through entities to elect a maximum rate
for «
business income» of 15 percent.
For example, both plans call for a complete repeal of the Alternative Minimum Tax, which affects many small business owne
For example, both
plans call
for a complete repeal of the Alternative Minimum Tax, which affects many small business owne
for a complete repeal of the Alternative Minimum
Tax, which affects many small
business owners.
Bruce works with a wide range of diversified private
businesses and has experience engaging in proactive
tax planning for companies in Canada and globally.
For example, if you're
planning to use the loan proceeds to buy another
business you'll need to provide a copy of the purchase agreement, the target company's financial statements,
tax returns, and other details about them (your loan officer will inform you as to the specific documents you may need to add to your loan application).
He is a Certified Specialist both in Taxation Law and in Estate
Planning, Trust & Probate Law (The State Bar of California, Board of Legal Specialization) admitted to practice law in California, Hawai'i and Arizona (inactive), specializing in Federal and state civil
tax and criminal
tax controversy matters and
tax litigation, including
tax - related examinations and investigations
for individuals,
business enterprises, partnerships, limited liability companies, and corporations.
A serious climate
plan will unfreeze the carbon
tax and set out a schedule that provides certainty so
businesses and families can
plan for the future.
For example, if you're
planning to use the loan proceeds to buy another
business you will need to provide a copy of the purchase contract, the target company's financial statements,
tax returns, and other details about them.
Having an updated
business valuation is a great asset if ever approached by buyers, brokers, or DSOs, as well as
for family,
tax, succession and estate
planning purposes.
Forward - looking statements may include, among others, statements concerning our projected adjusted income (loss) from operations outlook
for 2018, on both a consolidated and segment basis; projected total revenue growth and global medical customer growth, each over year end 2017; projected growth beyond 2018; projected medical care and operating expense ratios and medical cost trends; our projected consolidated adjusted
tax rate; future financial or operating performance, including our ability to deliver personalized and innovative solutions
for our customers and clients; future growth,
business strategy, strategic or operational initiatives; economic, regulatory or competitive environments, particularly with respect to the pace and extent of change in these areas; financing or capital deployment
plans and amounts available
for future deployment; our prospects
for growth in the coming years; the proposed merger (the «Merger») with Express Scripts Holding Company («Express Scripts») and other statements regarding Cigna's future beliefs, expectations,
plans, intentions, financial condition or performance.
He isn't satisfied with the changes that either the Senate or House
plan currently provides
for what are called «pass - through
businesses,» small firms that are
taxed as individuals.
As with previous proposals, the new
plan promises to cut
taxes for individuals and
businesses, while wiping out deductions and repealing other controversial
tax provisions.
Past achievements include building the case
for deficit reduction in the 1980s and early 1990s,
for consolidation of the Canada and Quebec Pension
Plans in the late 1990s, a series of shadow federal budgets and fiscal accountability reports in that began in the 2000s, and work on marginal effective
tax rates on personal incomes and
business investment, which has laid the foundation
for such key changes as sales
tax reform, elimination of capital
taxes, and corporate income
tax rate reductions.
In plain English, our members are fearful that with these new complex
tax regulations family
businesses — the «golden goose» of Canada's economy — will be hit with higher
taxes, fewer retirement and estate
planning options, compensation restrictions
for family members, and significant compliance costs.
For their part, the federal government has not budged, staunchly defending this
plan by dismissing the huge impact their changes will have on how we operate small
businesses, and by inferring that doctors and other professionals are
tax cheaters who unfairly take advantage of small
business tax - saving mechanisms.
The
plan also leaves some decisions up to Congress, such as imposing restraints on wealthy individuals benefitting from the 25 % rate
for pas - through
businesses and the possibility of a fourth individual
tax rate, higher than 35 %, to ensure that the rich pay their fair share of
tax.
It's interesting that Trump
plans to cut
taxes for corporations and Trudeau here in Canada
plans to increase
taxes to
businesses and incorporations.
Pass - through
businesses: As opposed to the current rules where entrepreneurs who own their own
business are
taxed as individuals, the
plan imposes an across - the - board 25 % rate
for pass - through
businesses.