May 13, 2020 /Sports News – Local Dixie State Men’s Basketball Offers Former Timpview Standout FacebookTwitterLinkedInEmailST. GEORGE, Utah-Tuesday evening, Dixie State men’s basketball offered former Timpview standout, Jake Wahlin.Excited to be offered by @coachandrewmay to Dixie State University!! pic.twitter.com/sxdheYJ5xh— jwall (@WahlinJake) May 13, 2020Wahlin, a 6-6 175-pound standout, averaged 13.8 points and 6.5 rebounds per game for the Thunderbirds, who played for a 5-A state championship this last season before falling to Springville 66-53 in the state title game.During his high school career at Timpview, Wahlin averaged 9.96 points and 3.8 rebounds per game.The versatile Wahlin also netted 50 career 3-pointers for the Thunderbirds. Tags: Dixie State men’s basketball Written by Brad James
The three-year contract will support both onshore and offshore activity for BP operated projects in the Caspian Sea area Image: SOCAR Petrofac JV has signed project management services contract. Photo: courtesy of Petrofac Limited. Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a Project Management Services contract to support BP’s operations in Azerbaijan and Georgia.The three-year contract will support both onshore and offshore activity for BP operated projects in the Caspian Sea area including Azeri-Chirag-Gunashli (ACG), Shah Deniz, Baku-Tbilisi-Ceyhan (BTC), South Caucasus Pipeline (SCP) and Western Route Export Pipeline (WREP).Mani Rajapathy, Managing Director, Petrofac EPS East, commented: We continue to expand our service offering in the region with our key partner SOCAR. Petrofac has been active in Azerbaijan for over 15 years, providing skills development opportunities and services across the country’s oil and gas and petrochemical industries, so this award further underpins our international presence. We have worked with BP previously in the region and we are well positioned and committed to providing safe, reliable and efficient support in the delivery of their significant projects moving forwards in Azerbaijan and Georgia.Khalik Mammadov Vice President, SOCAR, said: We have established a successful partnership with Petrofac that continues to flourish, the Joint Venture combines our respective experience, local knowledge and depth of capabilities. I am delighted with this latest award to support BP in the Caspian region, which has become one of the major oil and gas producing areas in the world. Source: Company Press Release
The controversial Entrepreneurs’ Relief on selling a business has been partially abolished in the Budget.Chancellor Rishi Sunak said the tax relief – which some commentators claimed was being used to make the wealthy even wealthier – was costing nearly £3bn a year in lost revenue.Now he has slashed the allowance by 90%, reducing the lifetime limit on capital gains tax relief from £10m to £1m.Sunak called the relief “ineffective” and “unfair”, with three-quarters of the relief going to just 5,000 people.He said Entrepreneurs’ Relief had primarily benefited a small number of very affluent taxpayers and done little to generate additional entrepreneurial activity.However he said he did not want to “discourage genuine entrepreneurs”, and said eight out of ten business owners would be unaffected by the changes.Entrepreneurs’ Relief was introduced by former Labour Chancellor Alistair Darling in 2008. It allows business owners to pay a lower rate of capital gains tax of just 10% when they sell their company – the normal rate is 20% for a higher rate taxpayer. The initial cap on relief was set at £1m but has since risen to £10m.Business responseResponding to today’s Budget statement, the National Chairman of the Federation of Small Businesses (FSB), Mike Cherry,said: “This is a pro-small business Budget which has delivered a high streets bonus, a series of Conservative manifesto promises to small businesses, and emergency steps to support small firms through the coronavirus outbreak.“The sensible compromise on Entrepreneurs’ Relief is one that we have proposed and championed, and everyday entrepreneurs will be pleased to hear the Chancellor say that he has listened to FSB on this.”David Bywater, KPMG Private Enterprise Tax Partner, added: “Investors and businesses owners will be somewhat relieved that today’s announcement did not go as far as many had suggested in completely abolishing Entrepreneurs’ Relief.“This incentive has been under the microscope for a while following concerns that it is costing far more than was originally anticipated and didn’t entirely deliver on its objective to act as an catalyst for investment in and growth of entrepreneurial businesses.“Entrepreneurs’ Relief is one of several incentives for startup and fast growth businesses, and this announcement should help businesses to plan their long-term investment strategies whilst reassuring investors and innovators that the UK remains open and supportive of new businesses.”Read more on the Budget 2020 here.Entrepreneur’s tax relief capital gains tax Capital Gains Tax (CGT) selling a business tax breaks March 12, 2020Richard ReedWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Entrepreneurs’ tax relief slashed in Budget previous nextRegulation & LawEntrepreneurs’ tax relief slashed in BudgetThe controversial lifetime tax relief limit applied to the proceeds when a business founder sells up, has been cut from £10m to £1m.Richard Reed12th March 20200775 Views
Zoe Tyndall, one of the phone bank organisers, said “Oxfordshire is a vast area to cover and we don’t have the money or the established organisation of the political parties.” She added that calling voters was “a lot more fun that stuffing envelopes”.Mell told Cherwell, “We’re not taking anything for granted…this is going to be a very close campaign.” Andrew Mell, a campaigner and Oxford University student, cited evidence that showed that 20% of people in the South East feel forced to vote tactically in elections. The Yes To Fairer Votes Oxfordshire group have said that will campaign up until the 5th May, with weekly street stalls across the county. A phone bank was launched this week to “get in contact with as many voters as possible.” The Lord Mayor of Oxford, John Goddard, joined the campaigners to voice his support for a system which he believes, “will give voters greater influence over their MP.” Last Saturday, local campaigners took to Cornmarket Street in Oxford, handing out Valentine’s Day cards that urged people to “follow their hearts” and back the Alternative Vote, which would allow voters to rank candidates in order of preference.The Yes To Fairer Votes campaign hopes to persuade people to vote “Yes” in the referendum on adopting AV on 5th May, by claiming that it would eliminate the need for tactical voting. He said, “With AV we’ll never have to choose between our heads and our hearts again.”
Seung-yoon Lee was elected as President-Elect of the Oxford Union last week, pipping opponent Luke Eaton to the post by just 29 votes, with 585 votes to Eaton’s 556. Lee will take up the presidency in Michaelmas 2012.Lee told Cherwell, ‘I am very surprised that I won, because I was certain that I lost before the result came out. In fact, the margin was very small – 29 votes. I just would like to thank everyone who supported me. Also, I still can’t believe that I am the first oriental president in the history of the Union.’Rajiv Dattani secured the position of Librarian-Elect following his term as Secretary this Hilary, beating rival Madeline Grant by 97 votes.Jocelyn Poon was elected Secretary, emerging victorious by 148 votes. Joseph D’Urso was elected unapposed as Treasurer-Elect.
More than 200 corporations, including many of America’s best-known companies, are urging the U.S. Supreme Court to rule that federal civil rights law bans job discrimination on the basis of sexual orientation and gender identity.The corporations outlined their stance in a legal brief released Tuesday by a coalition of five LGBTQ rights groups. The brief is being submitted to the Supreme Court this week ahead of oral arguments before the justices on Oct. 8 on three cases that may determine whether gays, lesbians and transgender people are protected from discrimination by existing federal civil rights laws.Among the 206 corporations endorsing the brief were Amazon, American Airlines, Bank of America, Ben & Jerry’s, Coca-Cola, Domino’s Pizza, Goldman Sachs, IBM, Microsoft, Morgan Stanley, Nike, Starbucks, Viacom, the Walt Disney Co. and Xerox. Two major league baseball teams, the San Francisco Giants and the Tampa Bay Rays, were among the group.In their brief, the companies argued that a uniform federal rule is needed to protect LGBTQ employees equally in all 50 states.“Even where companies voluntarily implement policies to prohibit sexual orientation or gender identity discrimination, such policies are not a substitute for the force of law,” the brief argued. “Nor is the patchwork of incomplete state or local laws sufficient protection — for example, they cannot account for the cross-state mobility requirements of the modern workforce.”Such friend-of-the-court briefs are routinely submitted by interested parties ahead of major Supreme Court hearings. The extent to which they might sway justices is difficult to assess, but in this case it’s an effective way for the corporations to affirm support for LGBTQ employees.Federal appeals courts, including the 7th Circuit in Chicago and in the 2nd Circuit in New York have ruled recently that gay and lesbian employees are entitled to protection from discrimination; the federal appeals court in Cincinnati has extended similar protections for transgender people.The question now is whether the Supreme Court will follow suit, given its conservative majority strengthened by President Donald Trump’s appointments of Neil Gorsuch and Brett Kavanaugh. The three cases are the court’s first on LGBTQ rights since the retirement last year of Justice Anthony Kennedy, who authored landmark gay-rights opinions.The Obama administration had supported treating LGBTQ discrimination claims as sex discrimination, but the Trump administration has changed course. The Trump Justice Department has argued that the federal Civil Rights Act of 1964 was not intended to provide protections to gay or transgender workers.The companies signing the brief represent more than 7 million employees and $5 trillion in annual revenue, according to the Human Rights Campaign, the largest of the LGBTQ rights groups organizing the initiative. Other organizers included Lambda Legal, Out Leadership, Out and Equal, and Freedom for All Americans.“At this critical moment in the fight for LGBTQ equality, these leading businesses are sending a clear message to the Supreme Court that LGBTQ people should, like their fellow Americans, continue to be protected from discrimination,” said Jay Brown, a Human Rights Campaign vice president. “These employers know firsthand that protecting the LGBTQ community is both good for business and the right thing to do.”In one of the cases heading to the Supreme Court, the New York-based 2nd U.S. Circuit Court of Appeals ruled in favor of a gay skydiving instructor who claimed he was fired because of his sexual orientation. The appeals court ruled that “sexual orientation discrimination is motivated, at least in part, by sex and is thus a subset of sex discrimination.”The ruling was a victory for the relatives of Donald Zarda, now deceased, who was fired in 2010 from a skydiving job that required him to strap himself tightly to clients so they could jump in tandem from an airplane. He tried to put a woman with whom he was jumping at ease by explaining that he was gay. The school fired Zarda after the woman’s boyfriend called to complain.A second case comes from Michigan, where a funeral home fired a transgender woman. The appeals court in Cincinnati ruled that the firing constituted sex discrimination under federal law.The funeral home argues that Congress was not considering transgender people when it included sex discrimination in Title VII of the Civil Rights Act. The law prohibits employment discrimination on the basis of “race, color, religion, sex or national origin.”The third case is from Georgia, where the federal appeals court ruled against a gay employee of Clayton County, in the Atlanta suburbs. Gerald Bostock claimed he was fired in 2013 because he is gay. The county argues that Bostock was let go because of the results of a financial audit.The 11th U.S. Circuit Court of Appeals dismissed Bostock’s claim in an opinion noting the court was bound by a 1979 decision that held “discharge for homosexuality is not prohibited by Title VII.”An Indiana case filed by fired Ivy Tech Community College professor Kimberly Hively was settled on remand after the 7thCircuit held in her case that Title VII prohibits discrimination on the basis of sexual orientation. Big Business To Supreme Court: Defend LGBTQ People From BiasJuly 2, 2019 IL Staff FacebookTwitterCopy LinkEmail
WHAT IS ON YOUR MIND TODAY?Todays “READERS POLL” question is: Do you feel that yesterdays mass protests will have any long term effect on the direction of our county?We urge you to take time and click the section we have reserved for the daily recaps of the activities of our local Law Enforcement professionals. This section is located on the upper right side of our publication.If you would like to advertise or submit and article in the CCO please contact us City-County [email protected] County Observer has been serving our community for 17 years.FacebookTwitterCopy LinkEmail
Alistair Darling delivered his first Pre-Budget Report (PBR) on 9 October, 2007. One of the related press notices begins with the sentence: “The government recognises the contribution that small businesses make to the economy and that business owners should profit from the success of their business.” After reading that, small business owners might have looked forward to the rest of the PBR, to see how the government was going to recognise the contribution they had made, and help them to profit from the success of their business. Sadly, they will have been very disappointed.hitting small businessesThe Chancellor announced several measures that will hit small businesses, including:l the abolition of capital gains tax taper reliefl plans to prevent ’income shifting’ in family businessesl an increase of more than 17% in the company car fuel benefit-in-kind chargel the ending of national insurance exemption for holiday pay schemesl a new ’business rates sup- plement’.These proposals will be a blow to hard-working entrepreneurs, coming on top of the increases in the corporation tax small companies rate from 19% last year to 22% in 2009.For small businesses, the abolition of capital gains tax taper relief was definitely the worst of the Chancellor’s announcements. The government had previously announced that it intended to change the tax rules for ’private equity’ businesses, but the removal of taper relief will strike far beyond that and seriously affect small companies, shareholders and the self-employed.At present, taper relief reduces the capital gains tax charge when an individual or trust sells or transfers an asset. The relief is particularly generous for business assets, such as shares in a trading company, or an asset that is used in a trade – for example, a property or goodwill. Gains on such assets are halved where the asset has been owned for at least a year, and reduced by 75% if the asset has been held for two or more years. This is a very valuable relief, which means that the effective tax rate for a higher-rate taxpayer is only 10% (25% x 40%), where a business asset had been owned for at least two years.From 6 April 2008, however, there will be no taper relief at all. Capital gains tax will be charged at a flat 18% rate, irrespective of the type of asset, or whether the individual is a higher-rate taxpayer. For someone who had hoped to pay only 10% tax, this represents a massive 80% increase.If that was not bad enough, the abolition of the indexation allowance for inflation between 1982 and 1998 – also from 6 April, 2008 – will make matters worse for individuals or trusts who hold assets that were acquired before 1998.Anyone thinking of selling or transferring a business, a business asset or indeed a non-business asset in the near future will need to work out whether there will be a higher tax bill if it is sold after 5 April, 2008. If the answer is yes, every effort should be made to complete a sale before then, although care should be taken not to sell before an anniversary date, which would increase taper relief. If an outright sale to a third party is not possible, some thought should be given to engineering a ’disposal’, which will trigger the taper relief and, if applicable, indexation relief, which will otherwise be lost.The ways in which this could be done depend on several factors, including the type of asset, whether the trade in question is carried on by a company, and family circumstances. For example, the asset could be transferred to another person or a trust or, in the case of a self-employed person, to a new company he or she has set up to continue carrying on the trade.A recent House of Lords ruling declared that the payment of family company dividends to the low-earning wife of a husband who earned most of the company’s income was effective for tax purposes. As a result, the government intends to change the rules with effect from 6 April, 2008, so that it will not be possible to transfer income in this way by means of dividends or a share of profits.Exactly how this will be done is not yet known, although it has been stated that things to be taken into account may include the actual work done by each individual, and the risks to which they are subject through the business. Draft rules will soon be published, and HMRC will then consult with advisers on how to make these as easy as possible to understand and operate. But the end result will be a higher overall tax bill for owners of some family businesses.Where an employer provides a company car to an employee and pays for fuel for private use, the standard amount on which the annual fuel benefit-in-kind charge is based, depending on the car’s CO2 emission rating, will rise from £14,400 to £16,900 from 6 April, 2008 – an increase of over 17%.This will increase the emp-loyee’s income tax bill and will also increase the national insurance cost for employers.There are two things which employers can do to minimise costs. First, they need to look at whether it will still be worth paying for fuel for private use. An employee who does not use a company car on private journeys to a great extent, including home to office, will probably be better off paying for his own private fuel. It is important to note that the fuel benefit-in-kind charge is an ’all or nothing’ charge, which will not be avoided by the employee making a contribution towards the cost – he must pay for the cost of all private fuel.Secondly, if a company car and private fuel are still to be provided, the choice of car is very important. As benefit in kind charges are based on the vehicle’s CO2 emissions, there can be an enormous difference in the tax and national insurance costs for cars of an identical price and standard, but with different CO2 emission ratings. Car manufacturers have responded to the changed environmental and tax climate, and a wide range of low-emission cars is now available.For many years, holiday pay for employees has been exempt from national insurance contributions, where a third party operated a holiday pay scheme on behalf of the employer. This type of scheme was traditionally used in the construction industry, but other businesses have recently started to use it, purely for national insurance savings.As a result, the exemption will be removed for all businesses, but the construction industry will be allowed to phase out the scheme over the next five years. Other businesses will have to revert to paying holiday pay in the same way as normal salary, and account for national insurance on it, from 30 October, 2007.business ratesIt is proposed that local authorities will be allowed to charge a business rates supplement of up to 2p per £1 of rateable value, in order to fund local development projects. The extra charge will apply to all business properties with a rateable value of more than £50,000.This is effectively a new local tax.The PBR also contained some minor proposals to help small businesses, mainly by promising to simplify some income tax and VAT compliance procedures, but this will be of little comfort to those facing real tax increases. Far from recognising the contribution that small businesses make to the economy, this PBR will impose extra burdens and make it harder for business owners to profit from their success. nl Paula Tallon is a tax specia-list at Chiltern, part of BDO Stoy Hayward LLP
Three years ago, sandwich chain Baguette Express would not have even featured on British Baker’s definitive list of Britain’s top 75 bakery retailers. But today the East Lothian-based company is the fastest grower at number 20, with 62 outlets across the country, and is eyeing a top-10 place; it has ambitious plans to take on Subway and Greggs as it grows its retail estate to 300 stores over the next five years.Like Subway, franchising has been at the heart of Baguette Express’ rapid ascent, with the pace of growth set to increase following deals last year to sign up three master franchisees in Manchester, Newcastle and London. In the long term, the company aims to build up a network of 10 master franchisees across the UK.”When you go to a master structure you change the whole way the business operates,” explains Jim Stewart, business development manager. “As a head office, we support the master franchisees to recruit franchisees in their areas. My time is spent with the masters in their territories, raising their profiles. With shops opening under the three master franchises, it will help me sell more master areas, because I’m able to prove the model. I’m particularly interested in the Midlands and we’ve had discussions with an interested party in Northern Ireland.”First set up as a single outlet in 1999, Baguette Express was taken over by entrepreneurial brothers Robin and Billy Stenhouse in 2004, who moved it to a franchise model and grew the business initially in Scotland. Turnover stands at around £15m.”Four years ago we started off with a core of seven shops in Scotland, but 80-90% of enquiries are now from England,” says Stewart. “There has really been a dramatic flip over the past six months and we fully expect the growth we had in Scotland to replicate itself in England.”Baguette Express shops sell made-to-order baguettes, paninis, wraps and rolls, supplied by wholesaler Lomond Foods, as well as salads, baked potatoes, snacks and traybakes. Bread is delivered frozen and baked-off in-store. Store location is vital, says Stewart, particularly as the Baguette Express experience is targeted at key consumer groups.”We know the type of people who enjoy Baguette Express office workers, students and shoppers. We spend a lot of time in the early days with a franchisee, visiting sites. It’s that famous phrase, ’location, location, location’. It’s about going to sites at different times of the day and different days of the week, even when it’s raining or sunny,” says Stewart. “We want to be where lunch is happening. If everyone is at one end of the street offering lunch, that’s where we want to be. We don’t want to drag people 100 yards up the street, because people won’t do it they like familiarity and convenience.”Finding the right person to run the business is also key, says Stewart. But what makes a good Baguette franchisee? “You’ve asked the best question ever. It’s the very essence of what is going to make an outlet successful,” he says. “Everything is in place the quality of the food, the image of the brand and the business process has been tried and tested 62 times, but you need an individual who can make these three elements work together someone who is business-orientated. We look for people with energy and marketing flair, who understand local promotion and buying in customer loyalty. They don’t necessarily need retail experience, but they must be able to prove marketing, business and entrepreneurial experience.” Number crunching The cost of a Baguette Express franchiseA typical Baguette Express outlet will have a minimum of 400sq ft up to a maximum of 1,000sq ft of retail space. This would cost:Initial licence fee: £15,000Shopfitting and signage (depending on shop size): £56,000 to £100,000Tills: £2,500Legal/property fees: (approx) £5,000 to £10,000Initial working capital requirements: £2,000Approximate total investment: £81,000 to £130,000All figures are exclusive of VAT. In addition to the initial licence fee, a management charge of 7% of gross income is payable.What a franchisee could earnTurnover: £240,000; Gross profit: £144,000; Running costs: £81,000; Management charge: £16,800; Approximate net annual profit: £46,200
Containing savoury pies, pasties and puddings from around the British Isles, the book offers a combination of recipes, historical information, and celebrity contributions.Chef and author Tom Bridge has had a long-term passion for pies, and has worked on product development for companies such as Peter Hunts, Ginsters and Pukka Pies.Split into sections, the book covers pastry with no less than 16 different pastry recipes as well as stocks and sauces, from a basic poultry giblet stock to a bechamel sauce, and the fillings: pork and ham; beef; lamb and mutton; poultry and game; fish and seafood.Regional recipes in the book include the Denby Dale Pie and the Aylesbury Game Pie. There is also a section on ’silly pies’, which references a meaty Wedding Pie, and a ’hand-raised gold leaf game pie’ which, incidentally, costs £1,700 to produce.