Car insurance business – Car Insurance Companies Help http://carinsurancecompanieshelp.com/ Sat, 27 Nov 2021 11:01:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://carinsurancecompanieshelp.com/wp-content/uploads/2021/11/icon-15-120x120.png Car insurance business – Car Insurance Companies Help http://carinsurancecompanieshelp.com/ 32 32 PasarPolis believes its insurtech activity is on the right track https://carinsurancecompanieshelp.com/pasarpolis-believes-its-insurtech-activity-is-on-the-right-track/ Sat, 27 Nov 2021 00:30:43 +0000 https://carinsurancecompanieshelp.com/pasarpolis-believes-its-insurtech-activity-is-on-the-right-track/ In Singapore, we are looking to double our reporting team by the end of the year to comprehensively cover the rapidly evolving world of funded startups and VC, PE & M&A transactions. We want journalists who can tell our readers what is really going on in these industries and why it matters to markets, businesses […]]]>

In Singapore, we are looking to double our reporting team by the end of the year to comprehensively cover the rapidly evolving world of funded startups and VC, PE & M&A transactions. We want journalists who can tell our readers what is really going on in these industries and why it matters to markets, businesses and consumers. The ability to write with precision and urgency is crucial for these roles. Ideal candidates should have the ability to work in a collaborative, dynamic and fast-paced environment. We want our new hires to be digital savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for impactful journalists who work well as a team. Collaboration and collegiality are essential.

The following vacancies can be applied (Singapore only).

The following vacancies can be applied (Singapore only).

  • A reporter to follow companies / startups that have raised private capital and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $ 100 million and under $ 1 billion.
  • A reporter who can go behind the scenes and reveal how fundraising rounds are organized or why they did not materialize. In this role, he / she will largely focus on long format stories.
  • A reporter to follow special situation funds, distressed debts and private credit (from an EP perspective) across Asia.


Source link

]]>
AA Insurance partners with Variety NZ https://carinsurancecompanieshelp.com/aa-insurance-partners-with-variety-nz/ Thu, 25 Nov 2021 20:17:28 +0000 https://carinsurancecompanieshelp.com/aa-insurance-partners-with-variety-nz/ AA Insurance, an independent New Zealand-based joint venture between the New Zealand Automobile Association (NZAA) and Vero Insurance New Zealand Limited, has entered into a new partnership with Variety – the Children’s Charity, to help young New Zealanders be happy and healthy lives. “Every day, one in five young New Zealanders deprive themselves of the […]]]>

AA Insurance, an independent New Zealand-based joint venture between the New Zealand Automobile Association (NZAA) and Vero Insurance New Zealand Limited, has entered into a new partnership with Variety – the Children’s Charity, to help young New Zealanders be happy and healthy lives.

“Every day, one in five young New Zealanders deprive themselves of the basics most of us take for granted, which has a profound effect on their health, education and self-esteem,” said Chris Curtin, Managing Director of AA Insurance. “At AA Insurance, we care about the things that matter to our clients, like helping young New Zealanders thrive, and therefore we strive to play a more active role in our community to contribute to a more positive future for all. the world. “

Curtin said AA Insurance is “proud” to partner with Variety NZ to help them in their quest to empower children and youth to thrive in Aotearoa, New Zealand. “We will do this by supporting Variety NZ’s existing work programs and collaborating on research,” he said.

Variety NZ CEO Susan Glasgow said the partnership with AA Insurance comes at a crucial time, with many New Zealanders – young and old – grappling with the impacts of the COVID-19 pandemic.

“At Variety, we know that children living in poverty will be more deeply affected than their peers, especially around Christmas time when families are reeling from the effects of prolonged lockdowns in the wake of the pandemic,” said Glasgow. “It is thanks to our partners that we can help make a difference, which is why we are delighted to be working with AA Insurance.

“There is a clear synergy between the aspirations of our values-aligned organizations and a shared commitment to New Zealand and its people. I know that by working together we can empower children and youth in Aotearoa, New Zealand.


Source link

]]>
Consumer spending rebounds despite rising inflation in October | Economic news https://carinsurancecompanieshelp.com/consumer-spending-rebounds-despite-rising-inflation-in-october-economic-news/ Wed, 24 Nov 2021 16:48:00 +0000 https://carinsurancecompanieshelp.com/consumer-spending-rebounds-despite-rising-inflation-in-october-economic-news/ By MARTIN CRUTSINGER, AP Economic Editor WASHINGTON (AP) – US consumer spending rebounded by a solid 1.3% in October despite inflation which accelerated in the past year faster than ever been in more than three decades. The jump in consumer spending last month was double the 0.6% gain in September, the Commerce Department reported on […]]]>

By MARTIN CRUTSINGER, AP Economic Editor

WASHINGTON (AP) – US consumer spending rebounded by a solid 1.3% in October despite inflation which accelerated in the past year faster than ever been in more than three decades.

The jump in consumer spending last month was double the 0.6% gain in September, the Commerce Department reported on Wednesday.

At the same time, consumer prices rose 5% from the same period last year, the fastest 12-month gain since the same period ending in November 1990. The price spike this year contributed to the 1.6% increase in spending in November. , despite the inflation adjustment, spending was still up 0.7% after an inflation-adjusted gain of 0.3% in September.

Personal income, which is fueling future spending increases, rose 0.5% in October after falling 1% in September, reflecting a decline in government support.

Political cartoons

Americans’ pay has risen as businesses desperately seek workers, and government stimulus checks earlier this year have further inflated their bank accounts. It bodes well for a good holiday season and major U.S. retailers are saying they are ready after some companies, like Walmart and Target, go to great lengths to ensure their shelves are full despite widespread shortages.

Analysts said the solid spending increase in October, the first month of the new quarter, was encouraging evidence that overall economic growth, which slowed to a modest 2.1% annual rate in the third quarter, will rebound. important during the current quarter. , as long as the recent increase in COVID cases and concerns about inflation don’t dampen holiday shopping.

In an advisory note on Wednesday, the University of Michigan announced that its consumer confidence index fell 4.3 percentage points to 67.4 points this month, its lowest level since November 2011 , weighed down by fears of inflation.

And there are areas in the United States that are seeing an increase in COVID-19 cases that could worsen as families roam the country for the Thanksgiving holiday.

The 5% rise in consumer prices shown in Wednesday’s report has continued a series of high readings in recent months as demand outstrips supply, in part reflecting shortages due to booming supply chains .

President Joe Biden acted on Tuesday to counter soaring gasoline prices by ordering a release of the country’s strategic oil reserve, but economists expect the move to have minimal effect on soaring gas prices.

The data released Wednesday, including the snapshot of what Americans pay for everyday goods, is preferred by the Federal Reserve because it tracks changes in what people buy, unlike the price index at consumption, which measures a fixed basket of goods.

The Fed seeks to conduct its interest rate policies to achieve annual gains in its prime price index of around 2%. However, over the past two decades, inflation has still not reached the Fed’s 2% inflation target.

Fed officials at their November meeting announced the start of a cut to its $ 120 billion per month bond purchases the central bank had made to put downward pressure on rates. long-term interest.

This marked the Fed’s first move to withdraw the massive support it provided to the economy. Economists expect this to be followed in the second half of 2022 by an increase in the Fed’s benchmark interest rate, which impacts millions of consumer and business loans. This rate is at a record high of 0% to 0.25% since the start of the pandemic in the spring of 2020.

And if inflation continues to exceed the Fed’s target, which Fed Chairman Jerome Powell has described for months as transient, economists will increase the odds of an accelerated reduction in monthly bond purchases. the Fed, as well as earlier action on its first interest rate hikes.

Wednesday’s expenditure and income report showed that consumers increased their purchases of durable goods such as cars by 3.3% in October, while spending on non-durable goods such as clothing increased by 1 , 6%. Spending on services rose 0.9% in October.

With spending exceeding income, the personal savings rate fell to 7.3% in October from 8.2% in September, but remains at a high level.

Economists expect the high level of savings to continue to support higher spending by Americans during the holiday shopping season and into the next year.

“Although consumer confidence fell in the fall due to high inflation, households continue to spend,” said Gus Faucher, chief economist at PNC Financial. “Household income has jumped with stimulus payments and increased unemployment insurance benefits. “

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Source link

]]>
Fanhua’s regular life insurance business hits RMB 10 billion https://carinsurancecompanieshelp.com/fanhuas-regular-life-insurance-business-hits-rmb-10-billion/ Tue, 23 Nov 2021 10:12:41 +0000 https://carinsurancecompanieshelp.com/fanhuas-regular-life-insurance-business-hits-rmb-10-billion/ GUANGZHOU, China, November 23, 2021 (GLOBE NEWSWIRE) – Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), one of China’s leading independent financial services providers, announced today as of November 23 In 2021, total regular life insurance business facilitated by Fanhua exceeded RMB 10 billion in gross written premiums (“GWP”), more than a month earlier than […]]]>

GUANGZHOU, China, November 23, 2021 (GLOBE NEWSWIRE) – Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), one of China’s leading independent financial services providers, announced today as of November 23 In 2021, total regular life insurance business facilitated by Fanhua exceeded RMB 10 billion in gross written premiums (“GWP”), more than a month earlier than Last year.

About Fanhua Inc.

Fanhua Inc. is one of the leading independent providers of financial services. Through our online platforms and our offline sales and service network, we offer a wide variety of personal financial products and services, including life and property and casualty insurance products. We also provide insurance claim resolution services, such as damage assessments, investigations, authentications and loss estimates, as well as value-added services, such as emergency vehicle roadside assistance. .

Our online platforms include: (1) Lan Zhanggui, an all-in-one platform that allows our agents to access and purchase a wide variety of insurance products, including insurance- life, auto insurance, accident insurance, travel insurance and standard health insurance products. multiple insurance companies on their mobile devices; (2) Baowang (www.baoxian.com), an online entry portal for comparing and purchasing health, accident, travel and home insurance products and (3) eHuzhu (www.ehuzhu.com), a China non-profit online self-help service.

As of September 30, 2021, our distribution and service network was made up of 750 points of sale covering 23 provinces and 110 points of service covering 31 provinces.

For more information about Fanhua Inc., please visit http://ir.fanhuaholdings.com/.

Forward-looking statements

This press release contains forward-looking statements. These statements, including statements relating to the future financial and operating results of the Company, are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will”, “expects”, “believes”, “anticipates”, “intends”, “believes” and similar statements. Among other things, management quotes and the Business Outlook section contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections regarding Fanhua and the industry. Potential risks and uncertainties include, but are not limited to, those related to its ability to attract and retain productive agents, in particular entrepreneurial agents, its ability to maintain and develop new business relationships with insurance companies, its ability to execute its growth strategy, its ability to adapt to the changing regulatory environment of the Chinese insurance industry, its ability to compete effectively with its competitors, the quarterly variations in its operating results caused by factors beyond its control and macroeconomic conditions in China, the future course of the COVID-19 epidemic and their potential impact on sales of insurance products. All information provided in this press release is as of the date hereof, and Fanhua makes no commitment to update any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, unless the law requires it. Although Fanhua believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will prove to be correct, and investors are cautioned that actual results may differ materially from anticipated results. Further information regarding the risks and uncertainties facing Fanhua is included in documents filed by Fanhua with the United States Securities and Exchange Commission, including its annual report on Form 20-F.

        


Source link

]]>
Staff News on Ochsner Baton Rouge, Grace Hebert Curtis Architects, Entergy | Business https://carinsurancecompanieshelp.com/staff-news-on-ochsner-baton-rouge-grace-hebert-curtis-architects-entergy-business/ Sun, 21 Nov 2021 06:15:00 +0000 https://carinsurancecompanieshelp.com/staff-news-on-ochsner-baton-rouge-grace-hebert-curtis-architects-entergy-business/ Red Stick Otha “Tre” Nelson III joined Ochsner Baton Rouge as regional director of economic development and community initiatives. Originally from Baton Rouge, Nelson will focus on developing and nurturing Ochsner’s relationships with community organizations, partners and stakeholders, as well as expanding his economic footprint. Nelson previously worked for the Baton Rouge General Medical Center […]]]>

Red Stick

Otha “Tre” Nelson III joined Ochsner Baton Rouge as regional director of economic development and community initiatives.

Originally from Baton Rouge, Nelson will focus on developing and nurturing Ochsner’s relationships with community organizations, partners and stakeholders, as well as expanding his economic footprint.

Nelson previously worked for the Baton Rouge General Medical Center and has experience in government relations. He graduated with Distinction from Northwestern State University, where he obtained a BA in Liberal Arts.

Grace Hébert Curtis Architects announces the following promotions in its Baton Rouge office:

Gary “Jimmy” Hébert Jr. and Jody Gascon were named leaders in architecture. Catherine “Cat” Kogel was appointed senior administrative officer.

Barry lann, architect; Kelsey Adams, interior decoration; and Rebecca Moses, business development, have been appointed partners.

Remuneration of Luba workers added two executives to its management team.

Luc Blalock was hired as vice-president, controller, a new position for the company.

Blalock spent 12 years with Guaranty Corp. and its subsidiary, Guaranty Income Life Insurance Co., a national life insurance and annuity company.

He received a bachelor’s degree from LSU and a master’s degree from the University of New Orleans.

Ryan inzenga was hired as assistant vice president, director of underwriting.

Inzenga brings nearly 15 years of worker compensation experience having worked in several different markets including Louisiana, New Mexico, Iowa and North Carolina.

He received a BA from Mississippi College and an Executive MBA from the University of New Mexico.

New Orleans

Thomas Plagemann was appointed CFO of PosiGen.

Plagemann has nearly 30 years of experience in financial and investment management for energy and infrastructure companies.

PosiGen is a leading provider of renewable energy and energy efficiency solutions for low to moderate income homeowners.

—-

Loyalty bank announces the following personnel movements:

Jim schoen has been promoted to Senior Vice President, Director of Small Business Banking.

Twice a day, we’ll send you the headlines of the day. Register today.

Schoen has 37 years of retail and small business banking experience at several national and regional banks. He has been Head of Commercial Relations at Fidelity Bank since 2019.

Bryan bode was appointed Senior Vice President, Human Resources.

Bode is a 25 year veteran in the banking industry. He previously served as Second Vice President of Human Resources for Pan American Life Insurance Co., based in New Orleans.

Steve mcneal, vice-president and treasurer of Entergy Corp., announced his intention to retire in the spring of 2022.

McNeal joined Entergy in 1982 and has held several positions in the finance department. He was promoted to treasurer in 1998.

Green barrett, Vice President of Commercial Operations for Entergy Wholesale Commodities will succeed McNeal, with an effective date to be confirmed in early 2022.

In this role, Green will lead the company’s treasury function, including finance, risk and investments.

Green has held various positions at Entergy since joining the company in 1997. He received a bachelor’s degree in civil engineering from the University of Mississippi, a master’s degree in engineering from Virginia Tech, and a master’s degree in business administration from the University of Mississippi. Northwestern’s Kellogg Graduate School of Management. University.

Larry Borda joined the construction industry team at Phelps.

Borda has worked with architects, engineers and construction companies, both as a lawyer and as an insurer.

Stewart Interior Contractors, a drywall and structural steel contractor is pleased to announce the appointment of a new board of directors and officers for the company.

The new members of the board of directors are:

  • Gordon stewart, President and CEO
  • Patrick lind, Executive Vice President
  • Sarah robertson, vice-president and secretary
  • Robin Hunter, vice-president of estimation
  • Maggie Morvant, financial director and treasurer

In addition to the newly elected board members above, Stewart has hired a project manager, Allison Barganier.

—-

Dr Denise Basow was appointed first chief digital officer for Health Ochsner.

Basow will join the leadership team, lead the strategy and growth of Ochsner’s digital health programs, creating new digital businesses and expanding clinical operations regionally and nationally to create a more convenient and cost-effective experience that delivers better patient outcomes.

She spent 25 years with global leader in information, software and professional services Wolters Kluwer and healthcare start-up UpToDate, where she leveraged innovation and technology to better meet needs. health care needs of patients.

Basow received his undergraduate degree from Duke University and his MD from Baylor College of Medicine. She completed her residency at Johns Hopkins University


Source link

]]>
Mahindra Finance launches the “Quiklyz” vehicle rental and subscription business https://carinsurancecompanieshelp.com/mahindra-finance-launches-the-quiklyz-vehicle-rental-and-subscription-business/ Sat, 20 Nov 2021 00:30:05 +0000 https://carinsurancecompanieshelp.com/mahindra-finance-launches-the-quiklyz-vehicle-rental-and-subscription-business/ – Provide multi-brand rental and subscription under one roof – Vehicle use available for retail and corporate customers Last September, Mahindra Finance announced its entry into the leasing and subscription business under the “Quiklyz” brand. This time around, the company officially launched this new vertical to facilitate a hassle-free vehicle use experience. The Quiklyz digital […]]]>

– Provide multi-brand rental and subscription under one roof

– Vehicle use available for retail and corporate customers

Last September, Mahindra Finance announced its entry into the leasing and subscription business under the “Quiklyz” brand. This time around, the company officially launched this new vertical to facilitate a hassle-free vehicle use experience. The Quiklyz digital platform offers a subscription program for home and business customers. Quiklyz allows customers to access new cars without the hassle of owning a car, as the company will take care of registration, insurance, scheduled and unscheduled maintenance, car ownership. ‘roadside assistance, etc.

In the initial phase, Quiklyz will be introduced in metropolitan cities like Bengaluru, Chennai, Delhi, Gurugram, Hyderabad, Mumbai, Noida and Pune. The facility will be further expanded to 30 locations in India (including Tier II cities). The Quiklyz program offers the following benefits:

– No down payment and lower monthly outflows compared to the loan

– No uncertainty about vehicle maintenance costs, resale price etc. with a monthly plan

– White license plate and RC in the name of the individual

– No worries of resale or maintenance

– Wide range of options for the customer at the end of the mandate – return / extension / purchase / upgrade

Speaking about the new business vertical, Ramesh Iyer, Vice President and General Manager of Mahindra Finance, said, “Car leasing and subscription is a lucrative and fast growing business in India. We aim to reach a pound size of Rs 10,000 crore within three to five years. Rental is seeing significant traction in the last mile mobility space, especially with electric vehicles, which our sales module will also focus on. With leasing being a relatively new concept for Indian retail consumers, we wanted Mahindra Finance to be at the forefront of this module that allows millennials and new age businesses to own a vehicle hassle-free.


Source link

]]>
Bethel Park Couple’s Business Helps Foundation Fight Breast Cancer | Life https://carinsurancecompanieshelp.com/bethel-park-couples-business-helps-foundation-fight-breast-cancer-life/ Fri, 19 Nov 2021 05:15:00 +0000 https://carinsurancecompanieshelp.com/bethel-park-couples-business-helps-foundation-fight-breast-cancer-life/ In 2004, Pamela Tiano lost a grandmother to metastatic breast cancer. “She did all of the testing,” recalls the Bethel Park resident, “and she basically said to her doctors, ‘I’m going to die, but I’m going through this. If you can stop a person from feeling this pain, then everything that I just went through […]]]>

In 2004, Pamela Tiano lost a grandmother to metastatic breast cancer.

“She did all of the testing,” recalls the Bethel Park resident, “and she basically said to her doctors, ‘I’m going to die, but I’m going through this. If you can stop a person from feeling this pain, then everything that I just went through was worth it.

With this in mind, Tiano has become a strong supporter of breast cancer awareness activities and efforts to cure it. Eventually, she and her husband, Justin, decided to stand up for themselves.

For the past six years, they have raised funds through their business, Mr. Magic Car Wash, to benefit the A Glimmer of Hope Foundation. The association, founded and led by Diana Napper of McCandless, supports breast cancer patients and their families in western Pennsylvania.

With $ 10,000 raised this year, the cumulative total is almost $ 50,000.

“Every penny they earn, it stays here. And not just that, she shows you. She says, ‘Hey, you gave us this amazing gift. Let me show you what that money did,” he said. declared Pamela Tiano.

The contributions paved the way for the October 2020 opening of the Glimmer of Hope Metastatic Breast Cancer Center at the Allegheny Health Network on the North Side of Pittsburgh. The establishment is dedicated to the treatment of the most advanced stage of the disease.

Due to the COVID-19 pandemic, a year has passed before the unveiling on October 27 of a plaque listing major donors, and the Tianos are proud to have “Mr. Magic Car Wash” listed.

To honor the wishes of her best friend, who died of breast cancer, Napper formed A Glimmer of Hope in 1994 to fund a hospice. To date, the nonprofit has generated over $ 6 million for breast cancer-related projects through Allegheny Health Network, UPMC Magee-Womens Hospital, Magee-Womens Research Institute and Foundation, and UPMC Hillman Cancer Center. .

A Glimmer of Hope currently focuses on women who have not yet reached 40, the age at which health insurance typically begins to cover the cost of mammograms.

“With young women, there is no protocol to test or screen,” Napper said. “So by the time they are diagnosed, they are well advanced in the disease, and often we find that they are metastatic.”

The foundation has implemented a program at Magee-Womens Hospital that offers mammograms to women aged 39 and under, regardless of their situation.

“We will pay for any woman of any age to be screened, insured or not,” said foundation associate director Alexis Curran. “They finally have a voice, because if they have a problem, they come to us. We are going to sift them through.

The reluctance to speak up is often the problem, Napper says.

“In our society, we are afraid to reject the doctor, because the doctor has all the answers. But pushing back nowadays is what you have to do, ”she said. “I’ll be happy to push back for you.”

In 2016, A Glimmer for Hope established the Home for Hope at the Wexford Health + Wellness Pavilion and West Penn Hospital as a designated space for integrative health services for breast cancer patients. The House of Hope includes massage therapy, acupuncture, transportation and childcare services.

“What we found was the balance with traditional medicine and acupuncture, massage therapy and nutritional counseling really improved patient outcomes,” Napper said. “We have more and more doctors contacting us to say, ‘Hey, this is really making a difference. “

Other projects supported by her foundation include installing a tomosynthesis machine to detect cancer in its early stages, an automated breast ultrasound system to detect cancer in dense breasts, follow-up research and understanding breast cancer from a “liquid biopsy” blood sample; and a study that focuses on localized immunotherapy for metastatic breast cancer.

A Glimmer of Hope has also partnered with AHN to offer preventative genetic testing to non-pregnant women between the ages of 18 and 39.


Source link

]]>
New Mexico MVD to Maintain Appointment-Only Service | Business https://carinsurancecompanieshelp.com/new-mexico-mvd-to-maintain-appointment-only-service-business/ Thu, 18 Nov 2021 07:00:00 +0000 https://carinsurancecompanieshelp.com/new-mexico-mvd-to-maintain-appointment-only-service-business/ Representatives from the New Mexico Motor Vehicle Division (MVD) said they will expand the division’s online services and continue to operate their offices by appointment only. The MVD opened in person in March due to the COVID-19 pandemic. They have also expanded their online services to reduce the need for office visits. Customers can renew […]]]>

Representatives from the New Mexico Motor Vehicle Division (MVD) said they will expand the division’s online services and continue to operate their offices by appointment only.

The MVD opened in person in March due to the COVID-19 pandemic. They have also expanded their online services to reduce the need for office visits. Customers can renew their driver’s licenses and vehicle registrations online, as well as update their addresses and insurance information, renew their parking plates, pay tickets and more.

Customers can also make citation payments and renew their vehicle registration at self-serve kiosks at two locations in Albuquerque. More kiosks will be announced soon, the MVD said. Customers can also call their automated phone service at (888) 683-4636 for other limited services.

The MVD said that since the implementation of appointment visits to their offices, customer wait times have been significantly reduced, with customers spending between 10 and 30 minutes on the phone.

“Customers are finding that scheduling appointments in our offices allows for a much more efficient service than under the old walk-in model,” Tax and Revenue Secretary Stephanie Schardin Clarke said in a statement. Press. “Most of the offices are available same day, which means we can usually serve even clients with last minute needs. “

Customers can make an appointment at mvdonline.com, or call (888) 683-4636.


Source link

]]>
Blog: Year-End Tax Planning Strategies for Business Owners https://carinsurancecompanieshelp.com/blog-year-end-tax-planning-strategies-for-business-owners/ Tue, 16 Nov 2021 22:53:45 +0000 https://carinsurancecompanieshelp.com/blog-year-end-tax-planning-strategies-for-business-owners/ Several year-end tax planning strategies are available to business owners to reduce their tax liability. We’ll take a look: Deferred income Businesses using the cash method of accounting can defer their revenue into 2022 by delaying year-end invoices so that payment is not received until 2023. Businesses using the accrual method can defer their invoices. […]]]>

Several year-end tax planning strategies are available to business owners to reduce their tax liability. We’ll take a look:

Deferred income

Businesses using the cash method of accounting can defer their revenue into 2022 by delaying year-end invoices so that payment is not received until 2023. Businesses using the accrual method can defer their invoices. income by delaying the delivery of goods or services until January 2022.

Buy new office equipment

Amortization bonus. Businesses are allowed to immediately deduct 100% of the cost of qualifying goods such as machinery and equipment put into service after September 27, 2017 and before January 1, 2023, after which it will be gradually reduced over a four-year period. : 80% in 2023, 60% in 2024, 40% in 2025 and 20% in 2026.

The 100% first year bonus depreciation allowance is available for qualifying assets, even if they are only commissioned for a few days in 2021.

Article 179 Expenses. Businesses should take advantage of section 179 to expense this year where possible. In 2021, companies can choose to expense (immediately deduct) the total cost of most new equipment up to a maximum of $ 1.05 million of the first $ 2.62 million of goods put into service. ‘by December 31, 2021. Keep in mind that the Section 179 deduction cannot exceed the net taxable income of the business. The deduction is being phased out dollar for dollar on amounts exceeding the $ 2.62 million threshold and eliminated above amounts exceeding $ 3.67 million.

Computer or peripheral equipment put into service after December 31, 2017 is not included in the listed properties.

Qualified property. Qualifying property is defined as property that you put into use during the tax year and used mainly (more than 50%) in your trade or business. Property put into service and then disposed of during the same taxation year is not eligible, nor are property converted for personal use in the same taxation year in which it is acquired.

Taxpayers can also choose to include certain improvements to non-residential real estate after the date the property was first brought into use.

1. Qualified improvement property refers to any improvement made to the interior of a building; however, improvements are not eligible if they are attributable to:

  • expansion of the building,
  • any elevator or escalator or
  • the internal framework of the building.

2. Roofs, HVAC, fire protection systems, alarm systems and security systems.

These changes apply to property brought into use in taxation years that begin after December 31, 2017.

Real estate properties that qualify as improvement are eligible for immediate expensing, thanks to the CARES Act, which corrected an error in the law on tax cuts and employment. Taxpayers also have the option to amend the 2018 tax returns, if necessary.

Please contact the office if you have any questions regarding the qualified goods.

Other end-of-year movements to take advantage of

Deduction for eligible business income. Many business taxpayers, including business owners operated through sole proprietorships, partnerships and S corporations, as well as trusts and estates, may be eligible for qualifying business income. This deduction is worth up to 20 percent of the qualifying business income (QBI) of a qualifying trade or business for the 2018 to 2025 tax years. Your taxable income must be less than $ 164,900 for single filers and heads of households and $ 329,800 for married taxpayers filing joint returns. to take advantage of the deduction in 2021.

The QBI is complex and tax planning strategies can directly affect the amount of the deduction i.e. increase or decrease the dollar amount. As such, it is important to speak to a tax professional before the end of the year to determine the best way to maximize the deduction.

Small Business Health Care Tax Credit. Small business employers with 25 full-time equivalent employees or less with an average annual salary of $ 50,000 indexed to inflation (for example, $ 56,000 in 2020) may qualify for a tax credit to help pay employee health insurance. The credit is 50 percent (35 percent for nonprofits).

Corporate energy investment tax credit (ITC). Business energy investment tax credits are still available, and businesses that wish to take advantage of these tax credits can still do so. Business energy credits include electric geothermal systems, high winds (expires at the end of 2021) and solar energy systems used to generate electricity, heat, cool or provide hot water to use in a structure, or to provide solar process heat. There is also a 30% tax credit for offshore wind installations in inland or coastal waters if construction begins before 2026. Hybrid solar lighting systems, which use solar energy to illuminate the interior of the house. a structure using sunlight distributed by optical fiber, are also eligible; Excluded, however, are passive solar and solar pool heating systems. Utilities are also allowed to use the credits.

Repair regulations. Whenever possible, year-end repairs and expenses should be deducted immediately, rather than capitalized and amortized. Small businesses that do not have Applicable Financial Statements (AFS) can take advantage of de minimis shelter by choosing to deduct small purchases ($ 2,500 or less per purchase or invoice). Companies with applicable financial statements can deduct $ 5,000. Small businesses with gross revenues of $ 10 million or less can also take advantage of the Safe Harbor for qualifying building repairs, maintenance and upgrades. Please call if you would like more information on this topic.

Amortization limits on luxury cars, passenger cars and heavy vehicles. As a reminder, the tax reform changed the depreciation ceilings for luxury passenger cars put into service after December 31, 2017. If the taxpayer does not claim bonus depreciation, the maximum allowable depreciation allowance for 2021 is $ 10,200 for the first year.

Deductions are based on a percentage of commercial use. A business owner whose commercial use of the vehicle is 100 percent may qualify for a larger deduction than one whose commercial use of a car is only 50 percent.

For passenger cars eligible for the additional depreciation premium for the first year, the maximum depreciation for the first year remains at $ 8,000. It applies to new and used (“new to you”) vehicles acquired and put into service after September 27, 2017 and remains in effect for tax years until December 31, 2022. Combined with depreciation grossed up above, the deduction is up to $ 18,200 in 2021.

Heavy vehicles, including pickup trucks, vans and SUVs with a Gross Vehicle Weight Rating (GVWR) greater than 6,000 pounds, are treated as transportation equipment rather than passenger vehicles. As such, heavy vehicles (new or used) put into service after September 27, 2017 and before January 1, 2023, also benefit from an additional depreciation allowance of 100% in the first year.

Retirement plans. Self-employed workers who have not yet done so should set up a self-employed retirement plan by the end of 2021. Call today if you need help setting up a retirement plan.

Dividend planning. Reduce corporate profits and accumulated profits by paying dividends to shareholders.

Paid family and medical leave credit. A business tax credit is available for employers offering paid family and medical leave to eligible employees until 2025. Employers must have a written policy in place that meets certain requirements and other conditions. The credit, which will expire in 2020, has been extended until 2025. It ranges from 12.5% ​​to 25% of salaries paid to eligible employees for a maximum of 12 weeks of family and medical leave per taxable year.

Work Opportunities Tax Credit (WOTC). Extended until 2025 (The Consolidated Appropriations Act, 2021), the Work Opportunities Tax Credit is available to employers who hire long-term unemployed (unemployed for 27 weeks or more) and is usually equal to 40 percent of the first $ 6,000 of salary paid on a new hire.

MCM Disclaimer for Blogger Content

Juanita Farmer, CPA

On Juanita Farmer, CPA

Juanita Farmer writes the blog “Financial Cents”. Farmer Juanita. CPA is the Managing Partner of JD Farmer & Associates, LLC, an accounting firm located in Germantown, Maryland. Ms. Farmer has practiced in the accounting and tax industry for over 27 years.


Source link

]]>
Sloppy social media grammar sends the apostrophe out of business! https://carinsurancecompanieshelp.com/sloppy-social-media-grammar-sends-the-apostrophe-out-of-business/ Mon, 15 Nov 2021 13:30:39 +0000 https://carinsurancecompanieshelp.com/sloppy-social-media-grammar-sends-the-apostrophe-out-of-business/ Recent research has revealed that some forms of punctuation are slowly disappearing due to social media and their usual character limit. Some forms of punctuation like the apostrophe slowly disappear. Meanwhile, sloppy grammar is becoming a norm on various social media apps. Punctuation disaster as social networks bid farewell to the apostrophe! Good grammar and […]]]>

Recent research has revealed that some forms of punctuation are slowly disappearing due to social media and their usual character limit. Some forms of punctuation like the apostrophe slowly disappear. Meanwhile, sloppy grammar is becoming a norm on various social media apps.

Punctuation disaster as social networks bid farewell to the apostrophe!

Good grammar and punctuation are slowly becoming a thing of the past as social media users adjust to the character limit imposed by social media apps like Twitter and TikTok.

Researchers have found that the possessive apostrophe in plural nouns may soon disappear. This is because people try to make words as short as they can.

READ ALSO : Trump to launch social media platform to fight Facebook and Twitter

Daily Mail reports that researchers at Lancaster University have found that informal and agrammatical language has become more and more prevalent over the past 30 years.

Words like your became “ur” and love became “luv”.

“We have experienced dramatic technological changes, which have transformed the way we communicate. Written language has become much more dynamic.

“We text or text friends and colleagues and get an immediate response, but we might have a hard time remembering the last time we wrote a letter.

“Many more people are also producing content for the general public via social media and websites,” notes Dr Vaclav Brezina, who led the study.

Here’s what internet users think

Former director Chris McGovern says the extinction of the apostrophe is a symptom of “linguistic laziness and dullness.”

warrior milianval said:

“It doesn’t really matter if you can understand what you’re trying to articulate. There’s too much grammar control.

roderik77 said:

“So we’ll see the gap between those who spend their time on social media and those who actually have a real life to lead. “

READ ALSO : Turkish woman sentenced to five months in prison for tweeting “I don’t like men”


Source link

]]>