Tax management services – Kelley PC http://kelleypc.com/ Sat, 19 Nov 2022 13:30:47 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://kelleypc.com/wp-content/uploads/2021/07/cropped-icon-32x32.png Tax management services – Kelley PC http://kelleypc.com/ 32 32 Todd Lurie CPA | CPA succession planning https://kelleypc.com/todd-lurie-cpa-cpa-succession-planning/ Sat, 19 Nov 2022 13:30:47 +0000 https://kelleypc.com/todd-lurie-cpa-cpa-succession-planning/ Todd Lurie is a partner with nearly 40 years of experience in the accounting profession. He works with entrepreneurs, management teams and family businesses to better understand their business, financial and individual goals in order to set them on the path to success. Todd is involved in many aspects of his clients’ affairs, including personal, […]]]>

Todd Lurie is a partner with nearly 40 years of experience in the accounting profession. He works with entrepreneurs, management teams and family businesses to better understand their business, financial and individual goals in order to set them on the path to success.

Todd is involved in many aspects of his clients’ affairs, including personal, corporate and retirement tax planning, as well as succession planning and mergers and acquisitions.

Todd and his team often help clients make difficult decisions, such as changing the direction of a new business, selling a long-standing business, or choosing to retire. He believes the key is to recognize what stage of life and business your clients are in, start a dialogue, and help them through those important transitions and transactions.

Prior to joining the firm, Todd was a partner at Lurie LLP, a Minneapolis-based accounting and advisory firm, which provided clients with accounting, auditing, tax planning, wealth management and advisory solutions, at the service of business leaders in a wide variety of fields. industries including healthcare, professional services, technology, manufacturing, real estate and more.

]]>
LARRY HAWORTH, PEGGY CLARK AND SASHA BALUKA HONORED BY THE LOS ANGELES BUSINESS JOURNAL https://kelleypc.com/larry-haworth-peggy-clark-and-sasha-baluka-honored-by-the-los-angeles-business-journal/ Tue, 15 Nov 2022 18:46:00 +0000 https://kelleypc.com/larry-haworth-peggy-clark-and-sasha-baluka-honored-by-the-los-angeles-business-journal/ Three partners of Bessolo Haworth CPAs honored as accounting leaders in Los Angeles SHERMAN OAKS, Calif., November 15, 2022 /PRNewswire/ — Bessolo Haworth, CPAa leading West Coast tax, accounting and business advisory firm, announces recognition of three Sherman Oaks based partners as accounting leaders in Los Angeles. Larry HaworthCPA, managing partner and co-founder and Sasha […]]]>

Three partners of Bessolo Haworth CPAs honored as accounting leaders in Los Angeles

SHERMAN OAKS, Calif., November 15, 2022 /PRNewswire/ — Bessolo Haworth, CPAa leading West Coast tax, accounting and business advisory firm, announces recognition of three Sherman Oaks based partners as accounting leaders in Los Angeles. Larry HaworthCPA, managing partner and co-founder and Sasha BalukaCPA and Partner were recognized as two of the top 100 CPAs in Los Angeles by the Los Angeles Business Journal. Peggy ClarkCPA and co-founder and Sasha Baluka have also been recognized as Women of Influence – Accounting, also by the Los Angeles Business Journal.

“The Los Angeles Business Journal is proud to present these awards to outstanding CPA leaders,” said Josh SchimmelsCEO and Publisher of Los Angeles Company newspaper. “Accounting professionals such as Haworth, Clark and Baluka reflect the quality of accounting talent we have here at Los Angeles. They are truly invaluable trusted advisors to our business community.”

Haworth is the managing partner and co-founder of Bessolo Haworth CPAs. The firm opened in 2007 has grown from an office to Sherman Oaks at the offices of Gig Harbor, WA and from the north California. Haworth has been practicing accounting, auditing and tax for over 40 years. He has extensive experience providing professional services to a wide variety of private mid-market and closely held companies. Haworth has been recognized by the San Fernando Valley Business Journal as one of the Top 25 CPAs. He is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants. Haworth holds a bachelor’s degree in accounting from California Polytechnic State University in Pomona, California.

clark is co-founder of Bessolo Haworth. In addition to his more than 30-year career in public accounting, Clark also spent 10 years in commercial banking. It offers services in accounting, auditing, taxation and financial planning. She works with private mid-market and closed businesses and their owners. In 2008, Clark was nominated for a “Women in Business” award from the San Fernando Valley Business Journal. In 2020 and again this year, Clark was recognized as a “Women of Influence – Accounting” by the Los Angeles Business Journal.

Clark is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants. She earned a master’s degree in taxation from Golden Gate University and a bachelor’s degree in business administration from the University of Southern California.

Baluka joined the firm in 2018 and was promoted to partner in 2020. She has over 15 years of experience as a tax and accounting professional. She has experience in tax, audit and financial planning and has created an international tax practice within the firm. Prior to joining Bessolo Haworth, she was the founder and owner of TarzanaB&G Accounting Services and

Consultant. In 2017, the San Fernando Valley Business Journal recognized her as a “Trusted Advisor.” She was also nominated as a “Women in Business” by the same publication. In 2020 and again this year, Baluka was recognized as a “Woman of Influence – Accounting” by the Los Angeles Business Journal. Baluka is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants. She is also a Certified Global Management Accountant with the Association of Certified Professional Accountants. Baluka earned a bachelor’s degree in accounting and a second bachelor’s degree in finance, both from California State University, Northridge.

About Bessolo Haworth

Sherman Oaks-based, Bessolo Haworth was founded by John Bessolo, Larry Haworth and Peggy Clark in 2007. Comprised of CPAs, licensed tax and investment professionals and other experts, the independent firm’s core expertise includes accounting and auditing, tax planning and preparation income advice, estate planning and compliance, investment advice and business advisory services. The firm serves middle market businesses and high net worth individuals across California and beyond. The company has two other offices in San Rafael, California and in Gig Harbor, Washington. Visit the office at www.bhcpagroup.com.

Media Contact: Pegi Matsuda [email protected]
(818) 493-6664

SOURCE Bessolo Haworth CPA

]]>
Kingswood Acquisition Corp. announces a special meeting to extend the deadline for completion of the business combination https://kelleypc.com/kingswood-acquisition-corp-announces-a-special-meeting-to-extend-the-deadline-for-completion-of-the-business-combination/ Fri, 11 Nov 2022 21:35:00 +0000 https://kelleypc.com/kingswood-acquisition-corp-announces-a-special-meeting-to-extend-the-deadline-for-completion-of-the-business-combination/ NEW YORK, November 11, 2022 /PRNewswire/ — Kingswood Acquisition Corp. (“we“, “we“, “our“or the”Company“), pursuant to the definitive proxy statement at Schedule 14A filed by the Company on October 25, 2022 (“Proxy statement“), the Company will hold an extraordinary meeting of shareholders on November 15, 2022 at 10:00 a.m. Eastern Timevia live webcast (“Special meeting“) […]]]>

NEW YORK, November 11, 2022 /PRNewswire/ — Kingswood Acquisition Corp. (“we“, “we“, “our“or the”Company“), pursuant to the definitive proxy statement at Schedule 14A filed by the Company on October 25, 2022 (“Proxy statement“), the Company will hold an extraordinary meeting of shareholders on November 15, 2022 at 10:00 a.m. Eastern Timevia live webcast (“Special meeting“) for the following purposes:

  • Proposal No. 1 — The “Proposed modification of extension“- to consider and vote on a proposed amendment to the second amended and restated certificate of incorporation of the Company (the “charter“) pursuant to a second amendment to the Charter in the form set forth in Schedule A of the Proxy Circular whereby the Company shall (1) effect a merger, share capital exchange, asset acquisition , stock purchase, reorganization or other similar business combination with one or more businesses, (2) cease operations except for the purpose of liquidation if it fails to complete such initial business combination and (3 ) repurchase 100% of the Company’s Class A common stock included in the units sold in the Company’s IPO (“Initial Public Offering“) which was consumed on November 24, 2020of November 24, 2022 at May 24, 2023; and
  • Proposal No. 2 — The “Motion for adjournment“- consider and vote on a proposal to adjourn the special meeting to a later date or dates, if necessary, to permit subsequent solicitation and voting of proxies if, based on the total vote at the time of the special meeting, there are not enough votes to approve one or more proposals put to a shareholder vote.

If the Proposed Extension Amendment is approved and the Proposed Extension Amendment becomes effective, Wentworth Management Services LLC, a Delaware limited liability company (“Wentworth“) will deposit in the trust account of the Company (the “Trust account“), the lesser of: (a) $69,218.35 or (b) $0.05 per month for each public share of the Company which is not redeemed within the framework of the Extraordinary Meeting for an aggregate deposit up to the lesser of: (x) $415,310.10 or (o) $0.30 for each public share of the Company not redeemed within the framework of the Special Meeting (if the Company takes until May 23, 2023 to carry out a first business combination).

The Company has instructed Continental Stock Transfer & Trust to, on or before the 24th anniversary of the effective date of the IPO registration statement, liquidate the U.S. Treasury bonds or money market funds held in the trust account and thereafter to hold all funds in the trust account in cash in an interest-bearing demand deposit account until the completion of our initial business combination or our liquidation.

On August 16, 2022President Biden signed into law the Curbing Inflation Act of 2022, which, among other things, imposes a 1% excise tax on the fair market value of shares redeemed by “covered companies” beginning in 2023, with certain exceptions (the “excise tax“). The excise tax is imposed on the redeeming company itself, not on its shareholders from whom the shares are redeemed. Because we are a Delaware company and our securities trade on the OTC Markets Group Inc. stock exchange, we believe that we are a “covered company” for this purpose. The amount of excise tax is generally 1% of the fair market value of the shares redeemed at the time of redemption, less the fair market value of certain new issues of shares in the same tax year. The United States Department of the Treasury has been authorized to provide regulations and other guidance to implement and prevent the abuse or avoidance of excise tax; however, no guidelines have been issued to date. It is not certain whether, and to what extent, excise tax could apply to any redemption of our public shares after December 31, 2022including any redemption in connection with a business combination or in the event that we do not complete a business combination by the extended date.

As described in the Proposed Expansion Amendment, if the Proposed Expansion Amendment is not approved and we do not complete our initial business combination in November 24, 2022, as provided by our IPO prospectus and pursuant to our amended charter, our public shareholders will have the right to require us to repurchase their public shares. Since any redemptions that occur as a result of the Proposed Continuance Amendment would take place before December 31, 2022, we would not be subject to excise tax as a result of any redemption under the extension. However, if our shareholders approve the proposed extension amendment, any redemption or other repurchase we effect after December 31, 2022, may be subject to excise tax. Whether and to what extent we would be subject to excise tax would depend on a number of factors, including (i) the fair market value of refunds and redemptions in our initial business combination , (ii) the structure of a business combination, (iii) the nature and amount of any “PIPE” or other issuance of shares in connection with a business combination (or otherwise issued not in connection with the business combination but issued in the same tax year of a business combination) and (iv) the content of regulations and other guidance of the US Department of the Treasury. Further, since excise tax would be payable by us, and not by the redeeming holder, the mechanics of any required payment of excise tax have not been determined. The foregoing could result in a reduction in the cash available to effect a business combination and our ability to effect a business combination.

About Kingswood Acquisition Corp.

We are a blank check corporation incorporated under the laws of State of Delaware on July 27, 2020 for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses, which we throughout refer to as throughout this proxy statement our initial business combination. While we may pursue our initial business combination target at any stage of its corporate evolution or in any industry or sector, we focus our research on companies with favorable growth prospects and attractive returns on invested capital.

Additional information and where to find it

The definitive proxy statement has been mailed to shareholders of the Company. INVESTORS AND SECURITYHOLDERS ARE ADVISED TO READ THE DEFINITIVE MANAGEMENT STATEMENT AND OTHER RELEVANT DOCUMENTS AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC at the SEC’s website at www.sec.gov. In addition, documents filed by the Company with the SEC may be obtained free of charge by contacting the Company at Michael Nessim, Managing Director, Kingswood Acquisition Corp., email: [email protected](212) 404-7002.

Participants in the solicitation

The Company and its sponsor, officers and directors may be considered participants in the solicitation of proxies from shareholders of the Company. Information about the sponsor, officers and directors of the company and their ownership of common stock of the company is set forth in the proxy statement for the special meeting of shareholders of the company, which has been filed with of the SEC on October 25, 2022 and in the company’s annual report on Form 10-K for the fiscal year ended December 31, 2021which was filed with the SEC on March 31, 2022. Investors and security holders may obtain more detailed information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the transaction by reading the preliminary and definitive proxy statements relating to the transaction, which will be filed by the Company with the SEC.

Media Contacts

Donald Cutler or Elizabeth Shim
Haven Tower Group
424 317 4864 or 424 317 4861
[email protected] Where [email protected]

SOURCEKingswood Acquisition Corp.

]]>
EY announces alliance with AuditBoard to help companies access integrated and innovative risk management services https://kelleypc.com/ey-announces-alliance-with-auditboard-to-help-companies-access-integrated-and-innovative-risk-management-services/ Thu, 10 Nov 2022 08:10:00 +0000 https://kelleypc.com/ey-announces-alliance-with-auditboard-to-help-companies-access-integrated-and-innovative-risk-management-services/ Provides a broad and innovative risk management offering by integrating EY’s risk advisory services and solutions with AuditBoard’s cloud platform Fosters innovation and a data transfer approach in Sarbanes-Oxley (SOX) compliance auditing and conducting internal audits Collaborate on new strategic risk priorities, including integrated risk management and compliance LONDON, November 10, 2022 /PRNewswire/ — The […]]]>
  • Provides a broad and innovative risk management offering by integrating EY’s risk advisory services and solutions with AuditBoard’s cloud platform
  • Fosters innovation and a data transfer approach in Sarbanes-Oxley (SOX) compliance auditing and conducting internal audits
  • Collaborate on new strategic risk priorities, including integrated risk management and compliance

LONDON, November 10, 2022 /PRNewswire/ — The EY organization today announced an alliance between AuditBoard, a cloud-based audit, risk and compliance management platform, and Ernst & Young LLP (EY US), to provide businesses access to exceptional advisory services and a suite of risk technology services.

With the increasing costs and complexity of risk and compliance management, companies aim to be agile, resilient and cost effective in managing their regulatory compliance and other emerging risk priorities. The EY-AuditBoard alliance provides organizations with resources to help them grow, optimize and protect their business through EY’s risk management technology solutions integrated into the AuditBoard cloud platform.

Having been recognized as an innovative and fast-growing audit, risk and compliance platform, AuditBoard is at the forefront of transforming the risk profession, closing resilience gaps and improving elevating audit, risk and compliance teams to a position of more strategic influence within their organizations. .

Kapish Vanvaria, Risk Market Leader, EY Americas, says:

“Organizations are struggling to reduce the cost of risk and compliance management, especially as they anticipate the challenges associated with new environmental, social and governance regulations. In response, customers can now access latest risk management technologies and strategic risk advisors through the new EY –AuditBoard Alliance.”

Tom SchmitChief Revenue Officer, AuditBoard, says:

“We are excited to bring the impact of the EY-AuditBoard alliance to the service of our clients as they navigate today’s rapidly changing risk landscape. This combination of cutting-edge consulting experience and innovative technology will elevate and help empower audit, risk and compliance teams as they address existing and emerging risks.”

For more information, visit ey.com/alliances.

About EY

EY exists to build a better world of work, helping to create long-term value for customers, people and society and to build confidence in capital markets.

Enabled by data and technology, diverse EY teams in more than 150 countries deliver trust through assurance and help clients grow, transform and operate.

Working across insurance, advisory, legal, strategy, tax and transactional areas, EY teams ask better questions to find new answers to the complex issues facing our world today. today.

EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information on how EY collects and uses personal data and a description of the rights of individuals under data protection legislation are available at ey.com/privacy. EY member firms do not practice law where local law prohibits it. For more information about our organization, please visit ey.com.

This press release has been issued by EYGM Limited, a member of the global EY organization which also does not provide services to clients.

About AuditBoard

AuditBoard is the leading cloud-based platform that transforms audit, risk and compliance management. More than 35% of Fortune 500 companies rely on AuditBoard to drive their business forward with greater clarity and agility. AuditBoard is top rated by customers on G2, Capterra, and Gartner Peer Insights, and was recently ranked for the third year in a row as one of the fastest growing technology companies in North America by Deloitte. To learn more, visit AuditBoard.com.

Jennifer Christmas
EY Global Media Relations
+1 215 290 3445
[email protected]

SOURCEEY

]]>
Election day is approaching; ballots expected Tuesday https://kelleypc.com/election-day-is-approaching-ballots-expected-tuesday/ Sun, 06 Nov 2022 23:53:00 +0000 https://kelleypc.com/election-day-is-approaching-ballots-expected-tuesday/ Local voters will have a ballot full of choices in Tuesday’s midterm elections.Getty Images The midterm elections have not spared voters in the upper Roaring Fork Valley, who will have many decisions to make on Election Day. Local voters have until 7 p.m. Tuesday to vote on tax and funding issues related to open spaces, […]]]>
Local voters will have a ballot full of choices in Tuesday’s midterm elections.
Getty Images

The midterm elections have not spared voters in the upper Roaring Fork Valley, who will have many decisions to make on Election Day.

Local voters have until 7 p.m. Tuesday to vote on tax and funding issues related to open spaces, ambulance services and vacation rentals. They will also compete for Pitkin County Sheriff, Mayor of Snowmass, the District 2 seat on the Board of County Commissioners, and several seats held by incumbents without contest.

State and federal contests are on the ballots, with control of the U.S. House and Senate at stake. Aspen resident Adam Frisch is the Democratic challenger to Rep. Lauren Boebert, R-Silt, for the 3rd congressional district seat; Republican Joe O’Dea takes on Senator Michael Bennet; Heidi Ganahl is Republican challenger to Jared Polis in the gubernatorial race; Glenwood Springs Democrat Elizabeth Velasco hopes to unseat the state’s incumbent Republican Rep. Perry Will, who represents State House District 57. There are 11 state questions on the ballot.



Among the state ballot issues voters will weigh in on are affordable housing, healthy school lunches, wine in grocery stores, access to psychedelics, a cut in the state income tax rate. state, tax breaks for surviving owners of veterans and deceased military personnel. , and bingo-raffle licenses for non-profit organizations. Eight Colorado Court of Appeals judges will also be selected, as well as 9th Judicial District Judge John Fowler Neiley.

Early voting began Oct. 24 and continued Saturday at the Pitkin County Administration and Sheriff’s Office. Voters can vote at the Aspen Jewish Community Center, 435 W. Main St., from 8:30 a.m. to 4:30 p.m. Monday and 7 a.m. to 7 p.m. Tuesday, Nov. 7 and 8.



Pitkin County voters can also vote from 7 a.m. to 7 p.m. Tuesday at the Basalt Regional Library at 14 Midland Ave. and at the Snowmass Village Town Hall at 130 Kearns Road.

Locally, here’s a look at the local issues and candidates that Pitkin County voters will see on their ballots.

City of Aspen

Ballot number 2A (short-term rental tax) — This question asks whether customers of vacation rental properties will face a new tax of 5% on owner-occupied and lodge-exempt properties or 10% on properties used as investments or properties such as second homes which are not the main residence of the owner,

The tax increase is expected to generate $9,140,000 in revenue for the city in the first year. The city would allocate at least 70% of that money to fund affordable housing projects. The remaining 30% would go to infrastructure repairs and environmental protection initiatives.

Ballot Number 2B (Sales Tax Extension to Open Spaces and Trails) — Voters will decide whether the city should extend the 0.5% sales tax in perpetuity. Funds from the tax will go towards the ongoing purchase, maintenance and improvement of parks and outdoor spaces.

Aspen Ambulance District

Ballot number 6A — This question asks voters to raise the district factory fee to 1.10, which would equate to an annual property tax of $110 per $100,000 of a property’s assessed value. The proposal calls for a property tax increase of up to $2,443,901.

Aspen Valley Hospital contracts with the Aspen Ambulance District for its services, while Pitkin County Commissioners govern the district. The Ambulance District is its own taxing authority.

Town of Snowmass Village

Ballot 2C (expanding the use of taxpayers’ money) — Voters in Snowmass will vote on whether to approve a ballot measure that would divert some of the revenue generated from the town’s separate marketing and lodging taxes to worker housing. This measure would not increase any existing tax rate or impose a new tax, but rather broaden the use of an existing tax.

Uses of the current 2.4% Municipal Lodging Tax and 2.5% Municipal Sales Tax are limited to marketing, special events and group sales. This measure would expand the use of these taxes, allowing them to be used for workforce housing, marketing, special events and group sales.

CANDIDATE RACES

Pitkin County Sheriff — Democratic candidate Michael Buglione is challenging three-term incumbent Joe DiSalvo, who is running without affiliation. Buglione’s campaign focused on his efforts to tackle mental health and hire and retain local staff, while stinging the sheriff with criticism of his management style and questions about his commitment to the community. DiSalvo said his experience as a sheriff made him the obvious choice for re-election, and said some of Buglione’s supporters were waging a smear campaign for personal reasons.

Pitkin County Board of Commissioners – Commissioner Patti Clapper is running unopposed in the District 1 race and Commissioner Kelly McNicholas Kury is defending her District 2 seat against Erin Smiddy. Kury has a career in public and civic service; his first term as commissioner included navigating the county through the pandemic, advocating on environmental, child care and worker housing issues. Smiddy introduced herself as a working-class local who understands the difficulties of working and living in Pitkin County, and said that as commissioner she would seek more housing opportunities for workers and s would oppose the expansion of runways at the airport.

Snowmass Poll Preview

2022 mayoral candidates

Incumbent Bill Madsen hopes to secure another two-year term as mayor of Snowmass Village. Prior to his first term as mayor, Madsen served on City Council from 2014-2020 and was a member of the Board of Health, Aspen Snowmass Nordic Council, RFTA, EOTC, JAS Aspen Snowmass and the Bob Beattie Ski Foundation. If elected to a second term, Madsen hopes to focus on the needs of the city and follow through on current council goals that have been set.

Challenger Reed Lewis is an entrepreneur from Snowmass Village, who runs businesses such as Daly Bottle Shop, Grain Fine Food, 81615 T-Shirt and Gift and Lys Chocolate. He served on the City Council from 2006 to 2010, in addition to being a member of various boards such as Ruedi Water and Electricity Authority Board, Snowmass Tourism Board, administration of Willows Condominium HOA and the board of directors of AspenOUT. Lewis hopes to focus on workforce housing because he understands the appeal of living in Snowmass, and he wants to make it a possibility for those who want it.

2022 City Council Candidates

Incumbent council member Tom Goode and three challengers are vying for two open seats in the Nov. 8 election. He is running against Matt Dubé, who works and owns commercial real estate; Britta Gustafson, creative director of Edible Aspen magazine and communications director of Farm Collaborative; and Susan Marolt, Chartered Accountant and Partner of Marolt LLP CPA.

Marolt has experience with the Aspen School Board as chair and member of the board, as well as many other boards. Gustafson, who was born and raised in Snowmass, has served on the boards of Little Red Schoolhouse and Wildwood. Dubé is a member of the Snowmass Village Planning Commission and the Snowmass Village Rotary Club.

All four candidates share similar views on the importance of the community character of Snowmass and are proud to want to help build the community. They disagree on the development of Snowmass. While Dubé and Marolt believe development is moving at a sustainable pace, Goode and Gustafson worry that it is moving too fast.

]]>
Truist received $60 million in New Market Tax Credits to support community development projects https://kelleypc.com/truist-received-60-million-in-new-market-tax-credits-to-support-community-development-projects/ Tue, 01 Nov 2022 12:30:00 +0000 https://kelleypc.com/truist-received-60-million-in-new-market-tax-credits-to-support-community-development-projects/ CHARLOTTE, North Carolina, November 1, 2022 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) today announced that it has received $60 million in the New Market Tax Credits (NMTC) Allocation Authority of the Community Development Financial Institution (CDFI) Fund of the US Treasury Department. The bank’s subsidiary, Truist Community Development Enterprises, was one of 107 recipients […]]]>

CHARLOTTE, North Carolina, November 1, 2022 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) today announced that it has received $60 million in the New Market Tax Credits (NMTC) Allocation Authority of the Community Development Financial Institution (CDFI) Fund of the US Treasury Department. The bank’s subsidiary, Truist Community Development Enterprises, was one of 107 recipients to receive an award. The award was tied with the largest award given to a Community Development Entity (CDE) this year. It’s the 11the times Truist Community Development Enterprises was selected as the recipient, with awards totaling $703 million in allocation authorization.

The NMTC program helps communities in economic difficulty attract private investment capital. Under the program, Truist provides loans and investments with reduced interest rates and/or non-traditional terms and conditions to support community development projects that spur economic growth and create employment opportunities, education and welfare.

“Truist has participated in the NMTC program since its inception and has closed over $2.5 billion of NMTC transactions in the markets we serve,” said James Goodman, NMTC Program Director for Truist Community Development Enterprises. “This NMTC allocation will increase our investments in the neighborhoods where we live, work and serve our customers, creating new opportunities to inspire and build better lives and communities.”

Truist Community Development Enterprises is part of Truist Community Capital, a customer-focused company that provides developers, CDEs, local governments, and nonprofits with tailored solutions to take projects from concept to reality. Through its investments in community development projects, Truist Community Capital strives to provide access to services and amenities that directly benefit neighborhoods and residents. Since the inception of the NMTC program, Truist has used the funds to support minority-owned businesses, raise education levels and improve access to health care, among other projects.

“The NMTC program enhances Truist Community Capital’s ability to invest in projects that will forge new partnerships and create new opportunities for individuals and businesses,” said Keitt King, Head of Truist Community Capital. “We look forward to deploying this capital to empower organizations to achieve their goals and support our communities.”

About Truist
Truist Financial Corporation (NYSE: TFC) is a purpose-driven financial services company committed to inspiring and building better lives and communities. Truist holds leading market share in many high-growth markets nationwide and offers a broad range of products and services through our retail and small business banking, commercial banking, corporate banking, and corporate banking businesses. and investment, insurance, wealth management and specialty lending. Based at Charlotte, North CarolinaTruist is a top 10 US commercial bank with total assets of $548 billion of the September 30, 2022. Truist Bank, Member FDIC. Learn more at Truist.com.

SOURCE Truist Financial Corporation

]]>
D118 Board of Directors Hears Presentation on North Ridge Tax Levy and Safety Plan | Local News https://kelleypc.com/d118-board-of-directors-hears-presentation-on-north-ridge-tax-levy-and-safety-plan-local-news/ Sat, 29 Oct 2022 09:00:00 +0000 https://kelleypc.com/d118-board-of-directors-hears-presentation-on-north-ridge-tax-levy-and-safety-plan-local-news/ DANVILLE — A proposed safety plan for North Ridge Middle School draws on measures already in place at Danville High School, including see-through backpacks and weapons detectors. The Danville District 118 School Board read the safety plan for the first time Wednesday night. The board is expected to act on the plan next month. North […]]]>

DANVILLE — A proposed safety plan for North Ridge Middle School draws on measures already in place at Danville High School, including see-through backpacks and weapons detectors.

The Danville District 118 School Board read the safety plan for the first time Wednesday night. The board is expected to act on the plan next month.

North Ridge Middle School principal Eliza Brooks reviewed the plan which included recommendations from a school safety committee.

Brooks said that as a director and community member, she wants to make North Ridge the safest place to learn.

Brooks said the safety committee has met several times over the past year and the recommendations are aimed at improving school safety and climate for seventh and eighth graders.

Build proposed requirements, many of which reflect what DHS has implemented or proposed: see-through backpacks similar to DHS and coats to be stored in lockers as already mandated (cost is $17.75 per student for 650 students at $11,537.50); increased number of room monitors — staffing has been a challenge. They have two now and two openings. (cost: $20,442 times two for $40,884); weapons detectors—same model as DHS, and North Ridge has three entrances for students (cost: $16,400 per unit for $49,200); vape detectors – need six for two per student restroom (cost: Fly Sense $1,500 each for $9,000); video cameras for blind spots. There is a need for nine additional cameras. Replace old cameras with higher resolution. Add or move cameras in high traffic areas. Buy 180 degree cameras for easier access to larger areas. (cost: $600 per camera for $5,400); and exterior lighting — increased lighting in the rear area of ​​the parking lot (cost: to be transferred to buildings and grounds).

The total cost is approximately $116,021.50, excluding exterior lighting.

Asked about vaping in middle school, Brooks said he caught six to seven students with vapes this week. Those are just the ones that got caught, she said.

Board member Johnnie Carey also suggested requiring students to be given a magic wand when they arrive late for school or leave and return, for example for a doctor’s appointment. She also suggested requiring clear bags for all district-wide sporting events.

“It’s nothing new for schools,” Carey said of Champaign and other schools requiring clear bags for school district and public safety. “There’s too much going on in our community.”

Sporting events at DHS have clear bag and bag size requirements.

In other business on Wednesday, council also heard a presentation on the tax levy.

The school district’s 2021 tax rate was 5.346% with an equalized assessed assessment of $350,250,116. The Assessments Supervisor estimated the District’s EAV at $371,536,907 for 2022. This would represent an increase of approximately 6% of the total EAV amount.

“To avoid losing any potential levy funding, I recommend that we levy a 4.99% increase in the amount received from last year’s levy. This would equate to a 7% increase in AVE and a total of $19,439,733 for our levy request. It won’t require a tax truth hearing,” according to business and finance director Narcissus Rankin.

The recommendation has the property tax rate ranging from 5.346% to 5.187%.

School board chairman Randal Ashton says increasing the tax amount to 4.99% maximizes dollars and avoids a tax truth hearing if it was a 5% increase .

He also said that “it won’t keep up with inflation. I think it’s a great presentation and puts us in a position where I think we need to be.

The board also approved a workers’ compensation agreement with Cannon Cochran Management Services Inc. (CCMSI) for a two-year extension for the district’s third-party administration. The previous five-year agreement was for $28,000 per year. The new agreement is $29,500 the first year and $30,090 the second year. The board also approved a one-year excess coverage contract with US Specialty Underwriters for $47,472. The previous contract was for $74,986. The decrease is attributed to a decrease in the federal rate and an increase in the aggregate limit, which is the minimum amount covered for all workers’ compensation claims. The district did not have to use the excess policy, but it is necessary to carry it, according to Rankin.

In other discussions, the board heard an update on the migration of the Skyward student information system to the enhanced Qmaltiv. It is expected to go live on June 26. School officials postponed the change due to staffing issues and other issues for a smoother transition. There will be data transfer and training with staff. The system will be down the week of June 19 to June 23, with summer school attendance to be paper-based and other issues being resolved.

In other reports: Members of the DHS women’s tennis team received medals for their state ranking; it was announced that the Birth to Three program is an affiliate of Blue Ribbon; discussions continued about the foodservice co-op the school district pays $1,600 a year for and how the current foodservice director had no history records or information, and how the district had citations from food programs over the years for not meeting requirements; and in comments from school board members, Darlene Halloran called for a committee of the Department of Social Studies to review the program and Thomas Miller announced that he would seek re-election in next year’s school board elections.

]]>
Carrara Capital Selects SS&C for Inaugural Fund Launch https://kelleypc.com/carrara-capital-selects-ssc-for-inaugural-fund-launch/ Tue, 25 Oct 2022 22:42:00 +0000 https://kelleypc.com/carrara-capital-selects-ssc-for-inaugural-fund-launch/ australia specialist alternatives manager to rely on SS&C GlobeOp for Carrara Global Opportunities Fund WINDSOR, Conn., October 25, 2022 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Carrara Capital has appointed SS&C GlobeOp as fund administrator for its recently launched multi-strategy fund. Carrara Capital will utilize SS&C GlobeOp’s full suite of hedge […]]]>

australia specialist alternatives manager to rely on SS&C GlobeOp for Carrara Global Opportunities Fund

WINDSOR, Conn., October 25, 2022 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Carrara Capital has appointed SS&C GlobeOp as fund administrator for its recently launched multi-strategy fund.

Carrara Capital will utilize SS&C GlobeOp’s full suite of hedge fund services, including fund administration, investor services (including AML), Australia tax management and FATCA/CRS reporting. The local SS&C team will oversee the services of the Carrara Global Opportunities Fund, which was launched earlier this year. The fund aims to generate consistent risk-adjusted returns by investing in currencies, fixed income, global equities, credit and private opportunities.

“We were looking for a leading global provider who could provide a full service solution to support our new fund,” said David Sokulsky, founder and CIO of Carrara Capital. “SS&C impressed us with their knowledge of issues specific to Australian managers, their extensive capabilities, global expertise and hands-on support.”

“We are delighted to be working with Carrara Capital to support the operations of the Global Opportunities Fund,” said Ken Fullerton, global head of hedge fund administration. “We are committed to supporting australia alternative asset managers as they seek onshore and offshore opportunities, leveraging SS&C’s global capabilities to support this growing industry.”

About Carrara Capital

Carrara Capital is an Australia-based investment management firm founded in 2022 by a group of highly experienced investment professionals, with a history of success in working with investment banks, wealth managers, accounting firms and leading fund managers.

The investment team is led by Dr. David Sokulskywho has over 25 years of investment and financial markets experience in the areas of macro trading, portfolio management, asset allocation, hedge fund due diligence and risk management.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the largest global enterprises to small and midsize enterprises, rely on SS&C for their expertise, scale and technology.

SOURCE: SS&C

Additional information about
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on TwitterLinkedIn and Facebook.

SS&C SOURCE

]]>
World Bank residents will see the income tax levy on the ballot | News, Sports, Jobs https://kelleypc.com/world-bank-residents-will-see-the-income-tax-levy-on-the-ballot-news-sports-jobs/ Sat, 22 Oct 2022 04:58:03 +0000 https://kelleypc.com/world-bank-residents-will-see-the-income-tax-levy-on-the-ballot-news-sports-jobs/ BELOIT – Residents of the local West Branch School District are urged to support increased safety and security measures, technological offerings of early childhood opportunities, and mental health services for all students. Residents will see an earned income tax of 0.5% for five years in the November ballot. It will generate about $1.3 […]]]>

BELOIT – Residents of the local West Branch School District are urged to support increased safety and security measures, technological offerings of early childhood opportunities, and mental health services for all students.

Residents will see an earned income tax of 0.5% for five years in the November ballot. It will generate about $1.3 million per year and will come into effect on January 1 if approved.

Labor income tax includes wages, salaries, tips and other remuneration of employees, as well as net income from self-employment.

According to Superintendent of Schools Micki Egli, the tax will directly affect students in a variety of ways.

She said the funds will be used “To improve safety and security in all buildings, to increase career technology offerings, to continue to provide exceptional early childhood opportunities to district residents, and to provide additional mental health services to all students. .”

According to information posted on wblevy2022.com, the levy will help with safety by providing funds for updated video security systems, visitor management and access control in each building, an on-time school resource officer full in each building and priority items such as film security window in all entrances, bus tracking system, increased outdoor lighting and improved communication in the buildings with upgrades to public address systems and radios to digital platforms.

The district recently received $192,000 in state grants for security measures, but Egli noted at the time that the money could only be spent on physical security upgrades. She said the grant alleviates a very small part of the safety and security needs.

“There are many additional items that need to be purchased and refurbished that the security grant does not cover,” she says.

For career technology, class offerings will grow. Industrial Maintenance begins in the 2023-2024 school year and other programs being considered include HT/AC, Electrical, Landscaping, and Building Construction trades. Additional Career Technology courses will be for students who do not plan to go to college, so they will be well equipped to enter the job market.

With the levy, the district will be able to fire a full-time social worker in the first year for the entire district. Additional funds will help meet the increased mental health needs of students. Over the past two years, the workload of guidance counselors has doubled in each building.

The levy funds will also help the district address early childhood opportunities through the reopening of Knox Elementary. Since September, with monetary assistance from community members, the building, which was closed in the fall of 2020 due to declining enrollment, has been used for the district’s preschool program. A local daycare center also rents space in the building. If the tax is approved, Career Technology programs will also be housed in the Knox building.

Additionally, if the levy is approved by voters, payment to participate in extracurricular activities will be stopped. Currently, there is a maximum of $200 per student and $400 per family for students to participate in extracurricular activities such as athletics, clubs, drama, and music.

The district held a series of community forums to discuss the tax. Egli encouraged anyone with questions to attend the latest at 6:30 p.m. Monday at the Goshen Township Administration Building.

Additional royalty information is available at wblevy2022.com.




Today’s breaking news and more to your inbox









]]>
The City does not plan new taxes next year | News, Sports, Jobs https://kelleypc.com/the-city-does-not-plan-new-taxes-next-year-news-sports-jobs/ Tue, 18 Oct 2022 04:08:25 +0000 https://kelleypc.com/the-city-does-not-plan-new-taxes-next-year-news-sports-jobs/ City officials on Monday proposed a budget of $35.4 million for next year with no tax increases. The budget includes a small operating surplus, despite inflation, according to City Manager Omar Strohm. But the city is relying on some of its $39.6 million from last year’s American Rescue Plan Act to create the […]]]>

City officials on Monday proposed a budget of $35.4 million for next year with no tax increases.

The budget includes a small operating surplus, despite inflation, according to City Manager Omar Strohm.

But the city is relying on some of its $39.6 million from last year’s American Rescue Plan Act to create the surplus “and it will end after this year,” Strohm said, noting that coming up with a spending plan for 2024 by this time next year could be more difficult.

ARPA money will cover most capital needs for 2024 and pay “workforce replenishment” — primarily in the community development department, where a former official made cuts to avoid a tax hike for 2021, according to Strohm.

Without ARPA money, “there would be an operational deficit” Strohm said. “Something to keep in mind.”

The city also faces “extreme responsibilities” with debt service, pensions and other retirement costs, Strohm said.

Conversely, the city has an unrestricted fund balance of $9 million, about 25% of its annual budget, well above the minimum of about 16% generally recommended for “general purpose governments” by the Government Finance Officers Association, according to civicfed.org.

The city will at some point develop a multi-year financial plan, but Monday’s meeting was not the place to speculate on how budgeting for 2024 will play out, Strohm said, when asked if the city might then reenter the annual cycle. of skimping that preceded Altoona’s 2012 entry into the state’s Law 47 Struggling Municipalities Plan.

For now, inflation “like I’ve never seen” put pressure on all aspects of operations, said Strohm, who spoke about “challenges” in the development of the 2023 expenditure plan.

It’s the same pressure that turns personal 401(k) plans into “201(k) Plans”, said Councilman Jesse Ickes, a financial adviser.

Regardless of the current and impending challenges, it is good for management to budget according to “reality,” said Councilman Dave Butterbaugh.

Before entering Act 47, that wasn’t happening, Butterbaugh said.

Fiscal pressures may tighten, but the city still needs to “operate at a certain level so that citizens have a quality of life”, according to Councilman Ron Beatty.

“There must be a standard of services” said Councilman Dave Ellis.

“That’s about what it costs” Beatty said, referring to the spending plan presented by Strohm.

With 230 budgeted employees, the staff is 30 or 40 fewer than when he started working for the city nearly 20 years ago, Strohm said.

“It’s amazing what is being done for the number of people we have,” said Ellis.

“More with less” said Councilman Bruce Kelley.

The looming financial pressure for next year and beyond shows how important it is for the city to maximize tax revenue from plots such as those staff have identified for the Redevelopment Authority and its Bank land are developing and putting back on the tax rolls, Beatty said.

The Council plans to introduce a budget ordinance on November 14 and adopt the ordinance on December 5.

The Mirror’s staff writer, William Kibler, is at 814-949-7038.



Today’s breaking news and more to your inbox







]]>