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Business – Financial – Stock Exchange – Real Estate – Employment News 2013 – 2014 — Weekly Wrap

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Tax Expert Tom Wheelwright Reveals Why Extenders Bill Should be Permanent Versus Retroactive

Temple, Arizona (PRWEB) December 11, 2014

To encourage small business growth in the U.S., Tom Wheelwright, CPA, CEO of ProVision, and Author of Tax-Free Wealth, emphasizes why tax incentives for business in the Extenders Bill should be permanent tax deductions versus retroactive. Dozens of tax breaks for individuals and businesses expired in January 2014, and this pattern of passing an Extenders Bill at the last minute so taxpayers can claim deductions on their returns makes financial planning a challenge.

What most people dont realize is that the Internal Revenue Code (the tax law) is designed to encourage certain activities that benefit the American public. The current Extenders Bill only deals with 2014, which is already past. So basically, it is a give-away to people who took specific investment actions they hoped would be recognized with tax savings if, and when an extension of the tax benefits is passed by Congress. ~ Tom Wheelwright, CPA and CEO ProVision

While many extenders are for individuals (such as education credits that encourage people to get advanced degrees and further their education), other provisions encourage businesses to take risk and invest in something that will benefit the overall economy. Three of the business tax benefits in the Extenders Bill that are particularly important to small and growing businesses include:

1. Equipment Deductions This Section 179 provision allows small business owners to deduct equipment purchased in the year they purchased it, rather than normal requirement to take a small deduction every year for 5-15 years. The Bill allows small business to deduct up to $ 500,000 of equipment in a single year. This is a terrific incentive for businesses to reinvest their profits back into their business. Without this provision, a business that reinvested its profits would pay tax on money they didnt have, as the profit would be taxed in the current year and the deduction wouldnt happen for several years in the future.

2. Bonus Depreciation - This deduction is equal to 50% of all new equipment purchased during the year. It applies to all businesses, not just small businesses. Whereas the Section 179 deduction applies equally to new and used equipment, bonus depreciation only applies to new equipment. So it encourages the creation of new production equipment, and is intended to stimulate additional business infrastructure.

3. Research and Development Tax Credit - The third and perhaps most important of the business incentives in the Extenders Bill is the research and development tax credit. This credit, which has been an extender ever since it first came into existence (i.e., it was never a permanent provision), provides an incentive to businesses to do new research and develop new ideas.

While the Extenders Bill is only retroactive, and doesnt really provide an incentive for new activity, Wheelwright believes that its passing does give hope to business owners. It rewards those who took the risks in 2014, and provides a baseline for permanent tax reform.

Now that the Republicans control the House and the Senate, President Obama has taken up the tax reform cry. Obama is making taxes his top project on his domestic agenda for the next two years. Wheelwright predicts this tax focus will most likely result in a boxing match between the President and Republican House and Senate with the hope of some real tax reform over the next couple of years.

Looking ahead, Wheelwright underscores, Hopefully, we will get some real tax reform over the next couple of years. It is not an easy battle; nor should it be. There will be winners and losers. Lets hope that small business owners, who provide most of the jobs and economic activity in this country, come out winners. If they win, everyone wins.


Tom Wheelwright, CPA and CEO of ProVision, is a leading tax and wealth expert, speaker, published author of "Tax-Free Wealth" on partnerships and corporation tax strategies, and a Rich Dad Advisor/Speaker for Robert Kiyosaki, who wrote Rich Dad Poor Dad. Donald Trump selected Tom to contribute to his Wealth Builders Program, calling Tom "the best of the best." He is best known for making taxes fun, easy and understandable, and specializes in helping entrepreneurs and investors build wealth through practical and strategic ways that permanently reduce taxes. He is also the Founder of WealthStrategyU, and has been featured in Accounting Today, Deseret News National, and CEO Blog Nation, and as a guest on the Real Estate Guys Radio Show and Money Radio 1510 Business for Breakfast. http://taxfreewealthadvisor.com

For a timely interview on Tax and Wealth Strategies, please contact

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Richard Asher Purchases Pudge Brothers Pizza Franchise

Aurora, Colo. (PRWEB) December 02, 2014

Like many other young adults, Richard Asher loved pizza in his 20s so much so that he dreamed of owning his very own pizza restaurant. Now, years later, Asher is finally able to make that dream a reality with his purchase of an existing Pudge Brothers Pizza franchise location.

Prior to taking the plunge into franchise ownership, Asher worked at a home improvement store for 27 years, holding almost every job imaginable. But he wanted something more out of his career and decided to put his decades of experience to the test by branching out on his own.

I wanted to control my own earning potential, Asher explained. As a business owner, he enjoys not having to answer to anyone but himself, and the freedom he has to spend more time on his hobbies, including camping and biking.

Asher called upon small business financing firm Guidant Financial to help him fund his franchise. Using an alternative method known as a Rollover for Business Start-up, he leveraged his retirement funds to invest in his new business without taking a taxable distribution.

[Working with Guidant was] very easy, Asher said of the financing process. [They] handled every step of the way and kept me on track to get the purchase done in less than a month.

Asher is now quick to endorse 401(k) rollovers as a leading method to buy a business. If you want to pursue [owning] your own business and you have retirement funds then I would recommend utilizing Guidant to get you there.

More than just a pizza restaurant, Pudge Brothers Pizza is a community-oriented business that focuses on the core values of respect, neighborhood support, consistency and friendliness. Aside from its hand-tossed dough and fresh ingredients, Pudge Brothers also offers many other delicious menu options to satisfy any appetite, including sub sandwiches, ribs, burgers, chicken, Stromboli, Italian dinners and more.

Pudge Brothers Pizza in Aurora, located at 4034 S. Parker Rd., is open for business. To learn more about their menu, call 303-680-1116 or order online at pudgebrosquincy.com.


About Pudge Brothers Pizza

Founded in Denver, Pudge Brothers Pizza combines quality, values and award-winning appeal. With its three sauces, homemade recipes, fresh ingredients and hand-tossed dough made daily from scratch, Pudge Brothers offers a combination that cant be beat. In fact, Pudge Brothers Pizza was voted better than other national chains in a recent Rocky Mountain News taste test. Learn more at pudgebrotherspizza.com.

About Guidant Financial

Guidant Financial helps people create the life they want through innovative small business financing. They are the premier provider of rollovers for business start-ups (ROBS). Guidant's services allow people from all walks of life the freedom to purchase small businesses and franchises using their retirement funds without taking a taxable distribution or getting a loan, in addition to offering traditional funding options such as SBA loans, portfolio loans and unsecured credit. Visit Guidant on the Web at guidantfinancial.com.


David Drake Of Victoria Global Presents U.S. Investments Such As American Homeowner Preservation To The Abu Dhabi Investment Authority

Chicago, IL (PRWEB) November 30, 2014

Ahu Dhabi Investment Authoritys real estate investments are spread around the globe. David Drake says, ADIA is a key purchaser of institutional real estate in the U.S. using sub-entities. It has invested across real estate asset types in the country, reaching up to 10 percent of its capital. Drake provided insight on new opportunities upcoming in the U.S, including real estate crowdfunding sites such as American Homeowner Preservation ("AHP").

Drake says, Four years ago, we did not expect unemployment problem in the U.S. and we were caught flat footed. Last Friday, November 21st, we never expected the lowering of interest rates by China. This surprising move had an overall positive effect on the exchanges globally. Drake further adds, Yet despite recent developments, the President of the European Central Bank (ECB) Mario Draghi is pushing for anti-inflation measures and government-backed bonds while Europe faces an 11.5 percent unemployment.

Drake is the founder and chairman of Victoria Global, his holding company with three major divisions. The Finance Group consists of LDJ Capital, the private equity advisory firm; Victoria Partners, a family office advisory firm based in London with offices in Dubai, Rome and Singapore; as well as ConnectInvest, its business intelligence unit.

Recently, Drake founded the Drake Hospitality Group. It plans to have five star hotels in Fort Lauderdale, London, Singapore and more within the next five years with its flagship in New York City.

Drake re-engineered The Soho Loft, which he owned since 2001 as a venue for talks and events with VIP dinners being organized almost nightly with its own chef and serving the financial sector and other NY communities, to what it is now The Soho Loft Media Group which organizes and supports more than 200 global financial conferences yearly since 2011. As early as 2013, The Soho Loft initiated the discussions on real estate crowdfunding in the U.S. RealCap Chicago is one such conference that provides entrepreneurs the how tos in raising capital online. RealCap Chicago series is being conducted in collaboration with AHP, one of the leading real estate crowdfunding platforms in the U.S.

Jorge Newbery, AHPs founder and CEO, supported the RealCap series as diamond sponsor this past September, as well as the upcoming edition on April 16, 2015. The conferences objective is to teach the participants how to get real estate projects funded online. The event will show how to raise debt and equity in an online platform to purchase commercial or multifamily properties, construct fix & flip homes, or get your project off the ground. Newbery says, These conferences provide cutting edge educational opportunities and great networking.

Drake is continuing his travels every few days to a different city and country, spreading his wealth of knowledge about investment opportunities such as AHP. He meets up with policy makers, regulators and investment groups and interviews them. He works across the ecosystem that finance small and medium enterprises (SMEs). These financiers include family offices such as the Rockefellers, venture capitalists, CEOs of crowdfunding platforms, and business angels. He is a member of the Angel Capital Association (ACA) and the European Business Angels NetworK (EBAN). He is working with Arabreneur to launch the Middle East Business Angels Network (MBAN) in Dubai next year. MBAN is being hosted by EBAN for six months in Brussels, Belgium. MBAN would be the first to support the ecosystems in the region.

Drake will also bring best practices of global startups and enterprises to the small and medium enterprises (SMEs) in the UAE region through his publications, financial advisory firm and brand marketing strategy firm. The region has the Flat6Labs accelerator in Jeddah that is expanding to Abu Dhabi last week. Incubators and accelerators are fascinating topics as he works with angel networks globally and helps launch MBAN for the region.

Watch for more The Soho Loft Conferences happening across the country and around the world, the next one may be in your city. To get VIP access to major conferences that intersect finance with key industries and for other exciting perks and benefits, consider the annual membership programs at http://www.thesoholoft.com/vipmembers.


THE SOHO LOFT Media Group (http://www.thesoholoft.com) is a global financial media company with 3 divisions:

TIMES IMPACT PUBLICATIONS (which includes http://www.TimesRealtyNews.com) produces relevant content on investing and entrepreneurship that are published and syndicated in 100+ leading online publications and growing.

THE SOHO LOFT CONFERENCES (thesoholoft.com/upcoming-conferences/) organizes up to 200+ investor-focused global summits, talks and events annually.

VICTORIA GLOBAL (victoriaglobal.co/) Corporate Communications specializes in client Investor Relations, Public Relations, Branding and Social Media Marketing.

The Soho Loft Media Group is your global partner for your investment and business strategies.

For inquiries, contact info(at)thesoholoft(dot)com or call 212.845.9652

American Homeowner Preservation is a socially responsible investment fund manager which empowers accredited investors to purchase equity in pools of distressed mortgages and earn returns of 9-12%. For further information or inquiries please visit ahpinvest.com or call 800-555-1055.

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