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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

Liz Kelly

Goody PR



As Stryker Hip Lawsuits Settle, Bernstein Liebhard LLP Notes Release of National Joint Replacement Registrys Inaugural Annual Report

New York, New York (PRWEB) November 13, 2014

In light of a recently-announced agreement to settle thousand of Stryker hip lawsuits (http://www.consumerinjurylawyers.com/stryker-rejuvenate/stryker-hip-lawsuits/) involving the 2012 recall of Rejuvenate and ABG II Modular-Neck Hip Stems, Bernstein Liebhard LLP notes the release of the inaugural Annual Report from the newly-launched American National Joint Registry. The report, which was released on November 6th by the American Academy of Orthopaedic Surgeons, includes data on roughly 43,000 hip and knee replacement surgeries performed at 120 U.S. hospitals in 2013, and reflects about 4.5% of such procedures performed annually. For now, the information collected by the registry includes data on gender, the age of patients, revision surgeries, and use of diagnostic codes. In the future, the registry will begin collecting information on post-operative complications and other more complex data.*

Our Firm is representing numerous individuals who were allegedly harmed by Strykers now-recalled Rejuvenate and ABG II hip stems. The information collected by this new registry may be useful in detecting the types of problems that result from artificial hips, says Bernstein Liebhard LLP, a nationwide law firm representing the victims of defective drugs and medical devices.

Stryker Hip Settlement

The Stryker hip recall was announced in July 2012, after the Rejuvenate and ABG II hip stems were found to be vulnerable to fretting and corrosion at the modular-neck junction. According to Stryker, this may place recipients of the implants at risk for adverse local tissue reactions, pain and swelling. The company has recommended that all patients fitted with one of these devices undergo medical testing and imaging screening to ensure their device is performing as intended, even if they have not experienced any symptoms that would suggest otherwise.**

Since the recall was issued, thousands of Stryker hip lawsuits have been filed in state and federal courts on behalf of individuals who were allegedly harmed by the metal hip components. On November 3, 2014, the Stryker hip settlement program was announced in New Jerseys Bergen County Superior Court, where more than 2,100 claims involving the Rejuvenate and ABG II components are currently pending. (In Re Stryker Rejuvenate Hip Stem and the ABG II Modular Hip Stem Litigation, No. 296) The settlement could resolve those cases, as well as nearly 2,000 others that have been filed in a federal multidistrict litigation now underway in U.S. District Court, District of Minnesota. (In re: Stryker Rejuvenate and ABG II Hip Implant Products Liability Litigation, No. 244)

According to court documents, the global settlement program provides for gross base awards of $ 300,000 per failed implant, with potential deductions and enhancements based on the particulars of each case, including additional compensation for claimants who suffered complications during revision surgery and for other damages, including future surgeries caused by complications. The settlement also provides compensation for individuals who need a revision but are medically unable to undergo the surgery. Claimants may begin receiving their awards by the summer of 2015.

There is no overall cap or fixed fund for Strykers liability under this settlement program. According to the Associated Press, Stryker has disclosed that it will pay at least $ 1.43 billion to fulfill the terms of the agreement.***

To learn more about Bernstein Liebhard LLP and its involvement in the Stryker hip recall litigation, please visit the Firms website. To arrange for a free case review, please call 800-511-5092.

*modernhealthcare.com/article/20141107/NEWS/141109960/first-data-flows-from-national-registry-tracking-joint-replacements, Modern Health Care, November 7, 2014

**http://literature.ortho.stryker.com/files/REJUV_COM_23.pdf. Stryker

***abcnews.go.com/Business/wireStory/stryker-pay-143b-settle-hip-implant-cases-26664666, Associated Press, November 3, 2014

About Bernstein Liebhard LLP

Bernstein Liebhard LLP is a New York-based law firm exclusively representing injured persons in complex individual and class action lawsuits nationwide since 1993. As a national law firm, Bernstein Liebhard LLP possesses all of the legal and financial resources required to successfully challenge billion dollar pharmaceutical and medical device companies. As a result, our attorneys and legal staff have been able to recover more than $ 3 billion on behalf of our clients. The Firm has been named by The National Law Journal to the Plaintiffs Hot List, recognizing the top plaintiffs firms in the country, for the past 12 consecutive years. Bernstein Liebhard LLP is the only firm in the country to be named to this prestigious list every year since it was first published in 2003.

Bernstein Liebhard LLP

10 East 40th Street

New York, New York 10016




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Today in Small Business: Start-Ups With a Social Mission

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Small-business owners hope new sidewalks, street lights and street will ...
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Rewards Network

Chicago, IL (PRWEB) October 08, 2014

Rewards Network, a dining program that provides consumers with rewards of choice every time they dine at a program restaurant, announced today that they have released a new report, Two Factors that Impact Return Visits to Your Restaurant Its not what you think.

The newly released report uncovers the fact that, despite what most restaurateurs think, food is not the number one driver for return visits. In depth analysis on ratings and rewards uncover the true motivations and actions that drive them.

With 90% of our surveyed restaurants saying they value repeat visits over new visits, its critical to understand what drives repeat business into a restaurant, explained Kara Walsh, Chief Marketing Officer Rewards Network.

The results of the report were compiled from researchers at Rewards Network who utilized data from 99,000 verified dinner surveys and actual dining transactions to analyze consumer behavior. With over 11,000 restaurant partners, who service over 13.5 million customer transactions annually, Rewards Network believes understanding consumer behavior is essential to a restaurants success.

We set out to challenge the way most restaurateurs think about return visits so that restaurants can start focusing on what actually drives the repeat visits and increased incremental spending, continued Walsh. Restaurateurs need to understand who their customers are, their purpose for dining at the restaurant, and how they can motivate a return visit.

According to the company, targeted incentives are proven to help influence a customers future dining activity based on the behavior taken. The report finds that restaurant owners should examine behavior of their customers and motivate their specific desired behavior accordingly. It is not one-size fits all with every customer.

In their research, Rewards Network saw a 14% increase in incremental spending by active diners who were offered a bonus to incentivize additional dining experiences. When targeting a group of diners who were not active prior to a bonus, the company saw a 17% increase in spending. They concluded that by using data to know your customers and motivate spending, you can optimize your incentives for the greatest return on your investment.

Interested restaurant owners and restaurateurs can download the entire free PDF of the report at http://www.rewardsnetwork.com/business-solutions/report-influences-return/. Copies will also be available at the 9th annual Fast Casual Executive Summit on Tuesday, October 14, during a panel discussion led by Walsh, titled Can You Really Influence a Customer? at 11:00 a.m. MDT.

For more information on the Summit in Denver, CO, visit: http://www.fastcasualsummit.com/.


Eva Longoria and Jessica Lucas Carry Jill Milan Evening Bags for New York and Los Angeles Appearances

New York and Hollywood (PRWEB) October 03, 2014

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Oxford City Football Club, Inc. (OTCQB:OXFC) to Offer Texas Residents a Major Discount to Attend Tryouts in Beaumont, Texas in Their Search for Home Grown Talent

Beaumont, TX (PRWEB) September 05, 2014

Oxford City Football Club, Inc. (OTCQB:OXFC), parent company of Oxford City FC of Texas, is offering all Texas residents who think they have what it takes to be part of a 132-year professional soccer organization with Oxford City FC of Texas in Beaumont, Texas the opportunity to trial at a discount.

Texas residents will only pay $ 50 for trials as opposed to $ 150 for those out of state.

We believe that Texas has some of the best soccer talent in the United States and we are taking every step necessary to find home grown talent to come and be a part of history at Oxford City FC of Texas.

Trials will be held at Ford Arena in Beaumont, Texas on September 20th and 21st from 8am to 8pm.

For more information or to register visit oxfordcityfctexas.com

About Oxford City FC (OXFC)


Oxford City is a diversified holding company, which controls five portfolios.

The First Portfolio (OXFC Sports Portfolio)

The OXFC Sports Portfolio has a controlling interest is the largest publicly traded diversified portfolio of professional sports teams in the world. Oxford City's portfolio contains a 132-year-old professional football club Oxford City FC, which plays in the Conference North Division of the English Football Association. They also own Oxford City Nomads, which plays in the Hellenic League Premier Division of the English Football Association. Oxford City owns Oxford City Futsal, which plays at the highest level of Futsal in England and has one of the best teams in the UK. The company has also acquired Oxford City Basketball, which plays their games in the EBL, English Basketball League. Most recently, Oxford City acquired two professional indoor soccer teams within the U.S., expanding the company's reach to Sioux Falls, South Dakota and South Florida. Oxford City now owns the MASL team The Texas Strikers in Beaumont, Texas. Becoming part of the MASL will leverage the Oxford City sports portfolio to maximize its sponsorship and advertising opportunities to a global level. Oxford City now owns a total of 7 professional sports teams around the world.

The Second Portfolio (OXFC Academic Portfolio)

The OXFC Academic Portfolio owns a diversified portfolio of academic institutions. OXFC owns Oxford City Sports College in Oxford and CIT University in the United States, which expects to have its first brick and mortar campus in the United States in South Florida in the near future to strategically put the University in a tremendous position for the future. CIT University's curriculum is designed by Ivy League scholars and developers providing a state of the art educational platform and is unique to any ever seen.

The Third Portfolio (OXFC Media & Entertainment Portfolio)

The OXFC Media & Entertainment Portfolio owns a diversified portfolio of media & entertainment companies. OXFC owns Oxford City Broadcasting Network (http://www.oxfordcitybroadcasting.com), which is broadcasted on 740AM in Florida that reaches from Miami, Florida to Jupiter, Florida. OXFC has acquired 1882.tv, which will become the global television platform for the company and their interests. Oxford City's 24 hour television programming which will broadcasted around the world will feature the live radio show "The Oxford City Financial Report", cover all of Oxford City's professional sports teams, and provide continuous programming.

The Fourth Portfolio (OXFC Real Estate & Property Management Portfolio)

The OXFC Real Estate & Property Management Portfolio controls a diversified portfolio of real estate including Oxford City Stadium, Oxford City Indoor Arena, and the Oxford City 3G Training Facility. OXFC benefits from these facilities both in usage and in rental income.

The Fifth Portfolio (OXFC Mergers & Acquisitions Portfolio)

The Mergers and Acquisitions Portfolio consists of the most experienced value specialists who implement proprietary methodology to identify and acquire equity positions in private and public companies with unlimited growth potential to bring tremendous synergies and value to Oxford City.

About Thomas Anthony Guerriero


Oxford City (OXFC) is led by their CEO Thomas Anthony Guerriero. Mr. Guerriero holds a Masters Degree from Harvard University, holds two Graduate Certificates from Boston University & University of Notre Dame, and has two BA degrees from Fairleigh Dickinson University & Thomas Edison State. He has held several professional licenses over the course of his career Series 7, Series 63, Series 66, Series 24 licenses. Always looking for a challenge Mr. Guerriero is a former professional soccer player, climbed two of the seven summits, been featured in a major motion picture with Oliver Stone, and been featured on television around the world. He is a published author, diplomatic advisor on economic and fiscal policy, is known for being one of the most influential and powerful entrepreneurs in the world today.

Mr. Guerriero was the youngest Senior Vice President at First Union in their 90 year history. As one of the leaders at First Union he established his reputation for being one of the most driven individuals ever to hit Wall Street, known for his relentless work ethic, accompanied with the ability to execute tremendous achievements both individual and with his executive team. His efforts contributed significantly towards First Union's assets eclipsing $ 400 Billion, leading towards their acquisition by Wachovia in the biggest banking acquisition in banking history at the time.

After First Union Mr. Guerriero was highly recruited by some of the largest firms in the world due to his expertise. Ultimately he made history by accepting the position of CEO of TAA, making him one of the youngest ever to lead a member firm. Implementing his expertise in Economics and Finance he was able to lead TAA to being acquired by High Point Capital, taking part in the second successful acquisition in his career.

Guerriero a renowned published author with "How to Understand and Master the Stock Market", "How to Understand And Master Securities Laws & Regulations", "Plan For Crisis", and "Military Involvement and Trade Treaties: Exploring the Differences in Military Involvement of the United States in Foreign Countries, Post-Trade Treaty" took this expertise to the helm of Global Wealth, accepting the position of CEO. Again for the third time in his career he was successful in growing this company to have a global presence having offices domestically throughout the US and around the world. This led to Global Wealth eventually being acquired, proving his unique methodologies in growing organizations are tremendous.

A former professional athlete himself, Guerriero has always had the passion to become an owner of a professional sports team. This passion led him to becoming the owner with his partner Mike Savitt of the Springfield Armor of the NBA D League (Brooklyn Nets Affiliate). In his first season as owner they had the biggest turn around in the history of the NBA D League and eventually winning the Eastern Conference Championship for the first time in their history. This success made his vision even more clear on the aspirations to achieve something unique in professional sports and in business. This vision was to create a portfolio of the two core foundational interests he had, Sports & Education. This is the seed that has grown into the diversified holding company known as Oxford City.

Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21B of the Securities and Exchange Act of 1934, as amended. Readers are cautioned not place undue reliance on these forward-looking statements, whi

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