Author: tonynova
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Taxation of crowdfunded transactions
There are five factors that affect the taxation of crowdfunded transactions: location (and possibly citizenship) of the parties organizational form of the issuer and the investor use of the funds timing of the transactions type of offering (debt, equity, purchase or gift) None of the underlying tax issues are complicated but the number of possible combinations…
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Trump is absolutely right about banking regulation
When Bernie Sanders made big bank regulation the focus of his campaign platform, this point became the sharpest distinction between him and Democratic rival Hillary Clinton. Clinton has a long history of big bank support despite the strong evidence that these powerful special interests are hurting innovation, job growth and small businesses across America, We…
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Is this the time to buy at the Jersey shore?
The national housing market is healthy. Median sale price for a previously owned home reported by the Realtors Association in June 2016 was $239,700, up 4.7% from a year earlier. Overall, it seems like real estate has returned as a healthy asset class to consider for investment. But it is not clear that home prices…
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Avoid payroll tax penalties!
A small nonprofit company owes almost $1,000 in tax penalties for the second time in 3 years because of lack of coordination between their accountant and their payroll services. They hired their payroll service directly without involving the accountant; that was the underlying problem. When the payroll service contract ended, so did their work and…
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Sample professional payroll service agreement
What do you get when you hire a professional accountant to handle your payroll accounting and wage tax issues? This is certainly a fair question since the level of service seems to vary widely between providers. Some payroll service providers, I understand, do not even put the details of their services in writing. The professional…
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Crowdfunding for agriculture and aquaculture
A US-Greek agriculture company will attempt to issue $7 million in a crowdfunded offering this week. The money will be used to acquire small farm in Greece and convert them into organic producers. The company believes that it can run them more efficiently as one large enterprise. This has been a fundamental driver in consolidation within…
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Crowdfunded debt rating confirmed for investors
Moody’s rating service removed its warning on specific crowdfunded debt securities issued by Prosper and sold to investors through Citigroup. This action by Moody’s came after Prosper increased its loss projection to 13.1% of remaining assets in the pool. This news emphasises what I’ve said over and over: successful crowdfunding is based on good fundamental…
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New study give insights to ‘Upper Middle Class’
A new study released last month by Urban Institute titled “The Growing Size and Incomes of the Upper Middle Class” by Stephen J. Rose investigates shifts in household income in the United States. The most obvious conclusion is that the portion of Rich and Middle Upper class households have grown sharply over the past 25 years while…