Most of the Income Tax payee try to save tax by saving under Section 80/C of the Income Tax Act. However, it is important to know the this Section in to detail that one can make best use of the options available for exemption under income tax Act.
One important point to note here is that one can not only save tax by undertaking the specified investments, but some expenditure which you normally incur can also give you the tax exemptions. Here are some tips for you:
Happy Reading..Happy Investing.
Mehul Bheda
The portfolio summary provides the asset allocation and quality of the IDFC Regular Savings Fund as of January 31, 2021. The top 15 equity holdings make up 15.11% of the fund, with Reliance Industries being the largest at 2.03%. Debt instruments like corporate bonds, government bonds and state government bonds make up the majority at 31.83%, 18.92%, and 6.37% respectively. The fund has 100% of its debt portfolio rated AAA equivalent and the overall net assets of the fund are 171.94 crores.
Nominee Corporations and GST HST - Bennett Jones LLPbennettjones
GST/HST applies to real estate transactions and joint ventures cannot directly register for GST/HST as they are not legal persons. Section 273 of the Excise Tax Act allows joint ventures to elect a registered co-venturer as an operator to collect and remit GST/HST on behalf of the joint venture. However, bare trusts and nominee corporations are often incorrectly elected as operators as they do not qualify as participants in joint ventures. The CRA has provided a period of administrative tolerance expiring January 1, 2015 for joint ventures to resolve any issues with non-qualifying bare trusts or nominee corporations acting as operators to avoid future reassessments.
The document discusses how retirement plans have shifted from traditional pensions provided by employers to individual retirement plans like 401(k)s that employees must manage themselves. It notes that many baby boomers have left jobs with scattered 401(k) accounts and that consolidating them into an IRA could be complicated with account fees and limited investment options. The document then introduces the Voya Select Advantage IRA, which aims to simplify retirement savings by providing a single account to consolidate various 401(k)s and IRAs with over 100 mutual fund choices and low fees.
FirstEnergy Securities Transfer Company acts as the transfer agent and registrar for shareholders. Shareholders can request their stock certificates be held in safekeeping by FirstEnergy. Shareholders can also have their dividend payments directly deposited into bank accounts. The annual report (Form 10-K) and information for institutional investors and analysts can be accessed online or by contacting Shareholder Services.
This document discusses strategies to avoid full reciprocity under the Foreign Account Tax Compliance Act (FATCA). It first explains that FATCA intergovernmental agreements promise reciprocal information exchange between countries. However, the U.S. has been unable to pass legislation enforcing equivalent reciprocity. The document then outlines two steps companies can take to block reciprocal reporting if such legislation is ever passed. First, companies can recategorize themselves as investment entities with discretionary wealth managers. Second, they can transfer shares to custodial institutions, either in non-reciprocal jurisdictions or in the same jurisdiction as the beneficial owner. This structure would mean the investment entity does not report on the custodial institution, blocking reciprocal reporting.
One of a suite of individual retirement education modules created for Nationwide Financial, the Retirement Goals Education Module helps a plan participant decide if they are saving enough for retirement.
The module system gives retirement specialists the ability to create longer, fully customizable presentations by allowing them to mix, match and combine individual modules in the suite. This enables the sales force a greater flexibility in planning meetings and answering individual plan and participant needs.
Bad News for SR&ED Claimers with Government Loans
In November 2014 Immunovaccine Technologies Inc. made application to the Supreme Court of Canada for leave to appeal decisions against it by the Tax Court of Canada and the Federal Court of Appeal...
Most of the Income Tax payee try to save tax by saving under Section 80/C of the Income Tax Act. However, it is important to know the this Section in to detail that one can make best use of the options available for exemption under income tax Act.
One important point to note here is that one can not only save tax by undertaking the specified investments, but some expenditure which you normally incur can also give you the tax exemptions. Here are some tips for you:
Happy Reading..Happy Investing.
Mehul Bheda
The portfolio summary provides the asset allocation and quality of the IDFC Regular Savings Fund as of January 31, 2021. The top 15 equity holdings make up 15.11% of the fund, with Reliance Industries being the largest at 2.03%. Debt instruments like corporate bonds, government bonds and state government bonds make up the majority at 31.83%, 18.92%, and 6.37% respectively. The fund has 100% of its debt portfolio rated AAA equivalent and the overall net assets of the fund are 171.94 crores.
Nominee Corporations and GST HST - Bennett Jones LLPbennettjones
GST/HST applies to real estate transactions and joint ventures cannot directly register for GST/HST as they are not legal persons. Section 273 of the Excise Tax Act allows joint ventures to elect a registered co-venturer as an operator to collect and remit GST/HST on behalf of the joint venture. However, bare trusts and nominee corporations are often incorrectly elected as operators as they do not qualify as participants in joint ventures. The CRA has provided a period of administrative tolerance expiring January 1, 2015 for joint ventures to resolve any issues with non-qualifying bare trusts or nominee corporations acting as operators to avoid future reassessments.
The document discusses how retirement plans have shifted from traditional pensions provided by employers to individual retirement plans like 401(k)s that employees must manage themselves. It notes that many baby boomers have left jobs with scattered 401(k) accounts and that consolidating them into an IRA could be complicated with account fees and limited investment options. The document then introduces the Voya Select Advantage IRA, which aims to simplify retirement savings by providing a single account to consolidate various 401(k)s and IRAs with over 100 mutual fund choices and low fees.
FirstEnergy Securities Transfer Company acts as the transfer agent and registrar for shareholders. Shareholders can request their stock certificates be held in safekeeping by FirstEnergy. Shareholders can also have their dividend payments directly deposited into bank accounts. The annual report (Form 10-K) and information for institutional investors and analysts can be accessed online or by contacting Shareholder Services.
This document discusses strategies to avoid full reciprocity under the Foreign Account Tax Compliance Act (FATCA). It first explains that FATCA intergovernmental agreements promise reciprocal information exchange between countries. However, the U.S. has been unable to pass legislation enforcing equivalent reciprocity. The document then outlines two steps companies can take to block reciprocal reporting if such legislation is ever passed. First, companies can recategorize themselves as investment entities with discretionary wealth managers. Second, they can transfer shares to custodial institutions, either in non-reciprocal jurisdictions or in the same jurisdiction as the beneficial owner. This structure would mean the investment entity does not report on the custodial institution, blocking reciprocal reporting.
One of a suite of individual retirement education modules created for Nationwide Financial, the Retirement Goals Education Module helps a plan participant decide if they are saving enough for retirement.
The module system gives retirement specialists the ability to create longer, fully customizable presentations by allowing them to mix, match and combine individual modules in the suite. This enables the sales force a greater flexibility in planning meetings and answering individual plan and participant needs.
Bad News for SR&ED Claimers with Government Loans
In November 2014 Immunovaccine Technologies Inc. made application to the Supreme Court of Canada for leave to appeal decisions against it by the Tax Court of Canada and the Federal Court of Appeal...
Recognising intra-group loans following the OECD’s FTTP guidanceChristos Theophilou
Christos Theophilou and Costas Savva of Taxatelier consider how the OECD’s guidance on financial transactions and transfer pricing (FTTP) can be interpreted in consideration of intra-group loans. The article appears in International Tax Review, published by Euromoney PLC.
Common Documents Used in Proving Lawful Source of EB-5 FundsAngelyn Loveriza
This document outlines common documents used to prove lawful sources of funds for EB-5 investors' petitions. It lists sources such as salary earnings, loans, investment earnings, property sales, and sale of a business. For each source, it provides examples of evidence documents like W-2s, tax returns, and bank statements for salary; loan documentation and bank statements for loans; investment account documents and bank statements for investment earnings; purchase agreements and bank statements for property sales; and business registration and sale documentation for sale of a business. Other miscellaneous sources like inheritance and lawsuits are also mentioned.
What is NPS ? || Benefits || National Pension System ||Law of Compounding
The National Pension System (NPS) is a government-run pension scheme with the objectives of providing income during retirement, reasonable market returns, and expanding pension coverage. Subscribers receive a unique Permanent Retirement Account Number (PRAN). Contributions to NPS are eligible for tax benefits. Subscribers can choose from Tier I savings accounts with withdrawal restrictions or Tier II voluntary savings accounts. Funds are invested in equity, government bonds, and corporate bonds according to the subscriber's age. At least 40% of the corpus must be used to purchase an annuity on maturity.
7 observations from the September 2020 ATOL renewalsTTC
We helped 71 business of different sizes to go through the ATOL renewal process. In preparation for the March renewals we have put together some observations to be aware of.
The AES Corporation will host a conference call on May 9, 2008 at 10:00am EDT to review its first quarter 2008 financial results. Interested parties can access the call by dialing provided phone numbers or accessing the webcast on AES's website. A replay of the call will be available through May 30, 2008. AES is one of the world's largest power companies operating in 29 countries with over 28,000 employees and annual revenues of $13.6 billion in 2007.
The March 2021 ATOL renewal process presented many challenges for travel businesses. The number of ATOL holders fell significantly compared to pre-pandemic levels as many firms were unable to complete the renewal process in time. The CAA took a robust approach in assessing businesses and frequently required additional security or cash injections through new equity or loans. For smaller ATOL holders, the CAA included extensive post-balance sheet financial information in their assessments, which was difficult for many firms to obtain in a timely manner. Firms can no longer rely solely on the online self-assessment test due to the CAA's expanded review approach.
The document discusses various tax saving investment options available under Section 80C of the Indian Income Tax Act. It provides details on popular instruments like Public Provident Fund (PPF), Equity Linked Saving Schemes (ELSS) Mutual Funds, Tax Saving Fixed Deposits, National Savings Scheme (NSC), and ULIP/LIC insurance plans. It compares these options on parameters like lock-in period, typical returns, taxation status, and suitability for different risk profiles. ELSS funds are highlighted as offering the lowest lock-in of 3 years, highest post-tax returns in the long run, and best taxation status among the different 80C investment avenues. The document concludes by providing tips on choosing
The September 2020 ATOL renewal process presented many challenges due to the Covid-19 pandemic. The Civil Aviation Authority (CAA) took a risk-focused approach, closely scrutinizing large ATOL holders with over £20 million in turnover through financial analysis and reforecasts. Companies with under £5 million turnover generally received swift renewals if their pre-Covid accounts passed financial tests. Liquidity and the ability to demonstrate adequate cash to client money ratios remained the CAA's primary concern, with few concessions given on required ratios. As a result of reduced travel insurance capacity, many companies struggled to obtain new bonds or other security mechanisms required for ATOL licensing.
Refund Credit Notes (RCNs) offered against ATOL protected bookings cancelled due to the Covid-19 pandemic are financially protected. Consumers have three options for cancelled bookings: receive a full refund, amend the booking to a future date, or receive an RCN. RCNs must be redeemed for cash or a new booking by 30 September 2021 and contain specific information including the original booking reference and a statement of ATOL protection. ATOL holders must provide examples of RCNs to the CAA and pay an additional contribution for new ATOL bookings made using RCNs.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) was passed in 2010 to reform the U.S. financial regulatory system in response to the late-2000s financial crisis. Key provisions include exempting smaller public companies from SOX internal control audits, giving shareholders advisory votes on executive compensation, increasing oversight of credit rating agencies and derivatives trading, and establishing new agencies like the Consumer Financial Protection Bureau and Financial Stability Oversight Council.
The March 2021 ATOL renewal round presented plenty of challenges for travel businesses trying to renew their licences. Here are four key learnings from the renewals we processed for our clients.
The March 2021 ATOL renewal process presented many challenges for travel businesses. The number of ATOL holders fell significantly compared to pre-pandemic levels as many firms were unable to complete the renewal process in time. The CAA took a robust approach in assessing businesses and required additional security, cash injections, and detailed post-balance sheet financial information from small ATOL holders. The traditional self-assessment test was no longer reliable given the CAA's new approach of considering post-year end cash movements. Looking ahead, the September 2021 renewal was expected to be similarly challenging with increased focus on liquidity and client money segregation.
FATCA Withholding from a Security Master and Payment Perspective
Presented at Nordic FATCA & Withholding Tax Congress Stockholm, Sweden June 12-13, 2013
Trimax LLC is offering a $5 million line of credit secured by coil and leaf spring manufacturing equipment. The equipment was originally purchased for 55 million euros by TES Group in Poland in 2007/2008 but was recently appraised at 30 million euros. If the line of credit is drawn down, the funds would be used to acquire the equipment from a European Union appointed receiver and cover costs associated with shipping, setup, and marketing to potential customers. The investment involves risks but could generate a projected return on investment of over 1,497% within 6 months.
The newsletter provides economic, regulatory, and market updates. It notes that the finance ministry will not use coercive methods to recover MAT dues from foreign investors. The GST council reached consensus on issues related to imports, registration, and the authorized IT network company. The Securities Appellate Tribunal directed SEBI to complete its investigation of Factorial Master Fund within two months. Sahara chief Subrata Roy may be released from jail next week after raising Rs. 5,000 crore in cash and bank guarantees as required for bail. Traders with annual turnover below Rs. 10 lakh will not need to register or pay GST, while those with turnover from Rs. 10-50 lakh will pay a lower rate.
This document provides an overview of various tax saving schemes and instruments in India that can help reduce tax outgo, including options under Sections 80C, 80CCC, and 80CCD of the Income Tax Act. It describes popular instruments like the Employee Provident Fund, Public Provident Fund, National Savings Certificates, National Pension System, ELSS funds, life insurance and ULIPs, home loans, health insurance, and charitable donations; highlighting eligibility, benefits, and things to remember for each. It advises readers to choose instruments based on their risk appetite and financial goals, and to periodically review their tax strategy.
LPL Financial provides technology, brokerage, and investment advisory services through business relationships
with independent financial advisors, registered investment advisors (RIAs), and financial institutions and their
financial representatives. Our financial advisors and institutions are our only customers, and we do not market
directly to investors.
Welltower reported strong results in the second quarter of 2018, including delivering $89 million of development projects, completing $251 million of investments, and disposing of $67 million of assets. The company also improved its portfolio, increasing the percentage of private pay revenue from 69% to 95% over the past decade. Welltower maintained prudent capital strategy and strong debt covenant compliance during the quarter.
TE Connectivity provides connectivity and sensor solutions across industries. It has a global presence with over 7,000 engineers, 5,800 salespeople, and manufacturing sites in over 150 countries. The company focuses on growing markets involving increased electronics in vehicles, more data availability, green energy, and automated production. It aims to strengthen its position through innovation, acquisitions, productivity improvements, and capital returns to shareholders. Key financial targets include adjusted operating margin over 15%, double-digit adjusted EPS growth, free cash flow near net income, and return on invested capital over 18%.
Recognising intra-group loans following the OECD’s FTTP guidanceChristos Theophilou
Christos Theophilou and Costas Savva of Taxatelier consider how the OECD’s guidance on financial transactions and transfer pricing (FTTP) can be interpreted in consideration of intra-group loans. The article appears in International Tax Review, published by Euromoney PLC.
Common Documents Used in Proving Lawful Source of EB-5 FundsAngelyn Loveriza
This document outlines common documents used to prove lawful sources of funds for EB-5 investors' petitions. It lists sources such as salary earnings, loans, investment earnings, property sales, and sale of a business. For each source, it provides examples of evidence documents like W-2s, tax returns, and bank statements for salary; loan documentation and bank statements for loans; investment account documents and bank statements for investment earnings; purchase agreements and bank statements for property sales; and business registration and sale documentation for sale of a business. Other miscellaneous sources like inheritance and lawsuits are also mentioned.
What is NPS ? || Benefits || National Pension System ||Law of Compounding
The National Pension System (NPS) is a government-run pension scheme with the objectives of providing income during retirement, reasonable market returns, and expanding pension coverage. Subscribers receive a unique Permanent Retirement Account Number (PRAN). Contributions to NPS are eligible for tax benefits. Subscribers can choose from Tier I savings accounts with withdrawal restrictions or Tier II voluntary savings accounts. Funds are invested in equity, government bonds, and corporate bonds according to the subscriber's age. At least 40% of the corpus must be used to purchase an annuity on maturity.
7 observations from the September 2020 ATOL renewalsTTC
We helped 71 business of different sizes to go through the ATOL renewal process. In preparation for the March renewals we have put together some observations to be aware of.
The AES Corporation will host a conference call on May 9, 2008 at 10:00am EDT to review its first quarter 2008 financial results. Interested parties can access the call by dialing provided phone numbers or accessing the webcast on AES's website. A replay of the call will be available through May 30, 2008. AES is one of the world's largest power companies operating in 29 countries with over 28,000 employees and annual revenues of $13.6 billion in 2007.
The March 2021 ATOL renewal process presented many challenges for travel businesses. The number of ATOL holders fell significantly compared to pre-pandemic levels as many firms were unable to complete the renewal process in time. The CAA took a robust approach in assessing businesses and frequently required additional security or cash injections through new equity or loans. For smaller ATOL holders, the CAA included extensive post-balance sheet financial information in their assessments, which was difficult for many firms to obtain in a timely manner. Firms can no longer rely solely on the online self-assessment test due to the CAA's expanded review approach.
The document discusses various tax saving investment options available under Section 80C of the Indian Income Tax Act. It provides details on popular instruments like Public Provident Fund (PPF), Equity Linked Saving Schemes (ELSS) Mutual Funds, Tax Saving Fixed Deposits, National Savings Scheme (NSC), and ULIP/LIC insurance plans. It compares these options on parameters like lock-in period, typical returns, taxation status, and suitability for different risk profiles. ELSS funds are highlighted as offering the lowest lock-in of 3 years, highest post-tax returns in the long run, and best taxation status among the different 80C investment avenues. The document concludes by providing tips on choosing
The September 2020 ATOL renewal process presented many challenges due to the Covid-19 pandemic. The Civil Aviation Authority (CAA) took a risk-focused approach, closely scrutinizing large ATOL holders with over £20 million in turnover through financial analysis and reforecasts. Companies with under £5 million turnover generally received swift renewals if their pre-Covid accounts passed financial tests. Liquidity and the ability to demonstrate adequate cash to client money ratios remained the CAA's primary concern, with few concessions given on required ratios. As a result of reduced travel insurance capacity, many companies struggled to obtain new bonds or other security mechanisms required for ATOL licensing.
Refund Credit Notes (RCNs) offered against ATOL protected bookings cancelled due to the Covid-19 pandemic are financially protected. Consumers have three options for cancelled bookings: receive a full refund, amend the booking to a future date, or receive an RCN. RCNs must be redeemed for cash or a new booking by 30 September 2021 and contain specific information including the original booking reference and a statement of ATOL protection. ATOL holders must provide examples of RCNs to the CAA and pay an additional contribution for new ATOL bookings made using RCNs.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) was passed in 2010 to reform the U.S. financial regulatory system in response to the late-2000s financial crisis. Key provisions include exempting smaller public companies from SOX internal control audits, giving shareholders advisory votes on executive compensation, increasing oversight of credit rating agencies and derivatives trading, and establishing new agencies like the Consumer Financial Protection Bureau and Financial Stability Oversight Council.
The March 2021 ATOL renewal round presented plenty of challenges for travel businesses trying to renew their licences. Here are four key learnings from the renewals we processed for our clients.
The March 2021 ATOL renewal process presented many challenges for travel businesses. The number of ATOL holders fell significantly compared to pre-pandemic levels as many firms were unable to complete the renewal process in time. The CAA took a robust approach in assessing businesses and required additional security, cash injections, and detailed post-balance sheet financial information from small ATOL holders. The traditional self-assessment test was no longer reliable given the CAA's new approach of considering post-year end cash movements. Looking ahead, the September 2021 renewal was expected to be similarly challenging with increased focus on liquidity and client money segregation.
FATCA Withholding from a Security Master and Payment Perspective
Presented at Nordic FATCA & Withholding Tax Congress Stockholm, Sweden June 12-13, 2013
Trimax LLC is offering a $5 million line of credit secured by coil and leaf spring manufacturing equipment. The equipment was originally purchased for 55 million euros by TES Group in Poland in 2007/2008 but was recently appraised at 30 million euros. If the line of credit is drawn down, the funds would be used to acquire the equipment from a European Union appointed receiver and cover costs associated with shipping, setup, and marketing to potential customers. The investment involves risks but could generate a projected return on investment of over 1,497% within 6 months.
The newsletter provides economic, regulatory, and market updates. It notes that the finance ministry will not use coercive methods to recover MAT dues from foreign investors. The GST council reached consensus on issues related to imports, registration, and the authorized IT network company. The Securities Appellate Tribunal directed SEBI to complete its investigation of Factorial Master Fund within two months. Sahara chief Subrata Roy may be released from jail next week after raising Rs. 5,000 crore in cash and bank guarantees as required for bail. Traders with annual turnover below Rs. 10 lakh will not need to register or pay GST, while those with turnover from Rs. 10-50 lakh will pay a lower rate.
This document provides an overview of various tax saving schemes and instruments in India that can help reduce tax outgo, including options under Sections 80C, 80CCC, and 80CCD of the Income Tax Act. It describes popular instruments like the Employee Provident Fund, Public Provident Fund, National Savings Certificates, National Pension System, ELSS funds, life insurance and ULIPs, home loans, health insurance, and charitable donations; highlighting eligibility, benefits, and things to remember for each. It advises readers to choose instruments based on their risk appetite and financial goals, and to periodically review their tax strategy.
LPL Financial provides technology, brokerage, and investment advisory services through business relationships
with independent financial advisors, registered investment advisors (RIAs), and financial institutions and their
financial representatives. Our financial advisors and institutions are our only customers, and we do not market
directly to investors.
Welltower reported strong results in the second quarter of 2018, including delivering $89 million of development projects, completing $251 million of investments, and disposing of $67 million of assets. The company also improved its portfolio, increasing the percentage of private pay revenue from 69% to 95% over the past decade. Welltower maintained prudent capital strategy and strong debt covenant compliance during the quarter.
TE Connectivity provides connectivity and sensor solutions across industries. It has a global presence with over 7,000 engineers, 5,800 salespeople, and manufacturing sites in over 150 countries. The company focuses on growing markets involving increased electronics in vehicles, more data availability, green energy, and automated production. It aims to strengthen its position through innovation, acquisitions, productivity improvements, and capital returns to shareholders. Key financial targets include adjusted operating margin over 15%, double-digit adjusted EPS growth, free cash flow near net income, and return on invested capital over 18%.
Trilogy International Partners Inc. held an investor presentation in September 2019 to provide an overview of the company and its two main operating segments, 2degrees in New Zealand and NuevaTel in Bolivia. The summary discusses:
- 2degrees has seen strong double-digit revenue and subscriber growth in New Zealand in 2019. It operates in a stable three-player mobile market with opportunities for continued growth in postpaid subscribers and data adoption.
- NuevaTel closed a $100 million tower sale-leaseback agreement in Bolivia and launched fixed LTE services. The business is showing signs of stabilizing after pricing pressures and number portability issues impacted results in 2018.
- The presentation evaluates Trilogy
- From October to December 2014, Crystal Cove Capital achieved an 11.3% return compared to 10.3% for the S&P 500. While pleased with the outperformance, the manager cautions that short-term results are difficult to predict.
- Institutional investors who focus on short-term gains face pressures that can hurt long-term performance, such as high taxes on short-term capital gains. Long-term investing provides tax and competitive advantages.
- One underappreciated opportunity is companies with leverage, such as cable companies, which have steadily increasing cash flows that naturally pay down debt over time with limited default risk.
The document summarizes key tax changes resulting from the American Taxpayer Relief Act of 2012, which addressed the fiscal cliff. Two new taxes take effect in 2013 - a 3.8% Net Investment Income Tax on investment income above thresholds and a 0.9% additional Medicare tax on wages above thresholds. The top capital gains and dividend tax rate increases to 20% for income above $400,000/$450,000. Estate and gift tax exemptions remain at $5.25 million and the top rate is 40%. Itemized deductions are reduced for incomes above $250,000/$300,000.
The document discusses Aimia's financial outlook and investments to grow. It notes that Aimia has a track record of growing gross billings and free cash flow. It also focuses on returning value to shareholders through dividend increases and share repurchases. The document outlines details of new long-term financial credit card agreements with TD and CIBC that are expected to drive Aeroplan program growth. It provides financial implications and targets for 2013-2015, including higher gross billings, adjusted EBITDA, and free cash flow. Aimia has a strong balance sheet to support further investments in emerging markets and capabilities.
This document summarizes SemGroup's second quarter 2018 earnings conference call. It discusses non-GAAP financial measures used by SemGroup like Adjusted EBITDA, Cash Available for Dividends, and Total Segment Profit. It provides definitions of these terms and notes that they are not substitutes for GAAP measures but are used by management to evaluate performance. The document also contains forward-looking statements about SemGroup's prospects, plans, and financial performance that are based on current expectations and assumptions which involve risks and uncertainties.
Sem cams investor presentation master september 2018 finalSemGroupCorporation
The document discusses SemGroup's non-GAAP financial measures and provides forward-looking statements. It includes the following key points:
- SemGroup uses measures like Adjusted EBITDA, Cash Available for Dividends, and Total Segment Profit to evaluate performance, which are not substitutes for GAAP measures.
- Adjusted EBITDA excludes selected non-cash and other items to improve comparability between periods.
- Cash Available for Dividends is based on Adjusted EBITDA less certain cash expenses and capital expenditures.
- Total Segment Profit assesses performance at the segment level and excludes certain items.
- The document cautions that non-GAAP measures have limitations
The document discusses SemGroup's non-GAAP financial measures of Adjusted EBITDA, Cash Available for Dividends (CAFD) and Total Segment Profit. It explains that Adjusted EBITDA removes certain selected items from net income to improve comparability between periods and includes a list of the types of items generally excluded. CAFD is based on Adjusted EBITDA less certain cash payments to analyze performance after obligations. Total Segment Profit represents revenue less costs and expenses, adjusted for certain items, and is how management assesses segment performance. The measures are used by management and may be presented to investors but have limitations as analytical tools.
The document provides an overview of SemGroup's non-GAAP financial measures and forward-looking statements. It discusses Adjusted EBITDA, Cash Available for Dividends, and Total Segment Profit, which are not GAAP measures. It also notes that SemGroup does not provide guidance for net income due to non-cash items that cannot be accurately forecasted. The document contains statements regarding SemGroup's prospects, plans, expectations and outlook that are considered forward-looking under securities laws, and are subject to risks and uncertainties.
Diplomats acquisition of ldi integrated pharmacy servicesDiplomatIR
1. Diplomat Pharmacy is acquiring LDI Integrated Pharmacy Services, a full-service pharmacy benefit manager (PBM), for $595 million.
2. The acquisition is expected to close within 30-60 days and will be financed through a combination of cash and stock.
3. The acquisition of LDI will expand Diplomat's PBM capabilities and is expected to be accretive to earnings per share in 2018. It creates synergies and cross-selling opportunities between Diplomat's specialty pharmacy and LDI's PBM business.
Diplomat’s acquisition of ldi integrated pharmacy servicesDiplomatIR
1. Diplomat Pharmacy is acquiring LDI Integrated Pharmacy Services, a full-service PBM, for $595 million.
2. The acquisition is expected to close within 30-60 days and will be financed through a combination of cash and stock.
3. The acquisition of LDI will expand Diplomat's capabilities in the growing PBM market and is expected to be accretive to earnings.
The document provides an overview of SemGroup's third quarter 2018 results. Key points include:
- Adjusted EBITDA was $96.4 million for the quarter.
- A quarterly dividend of $0.4725 per share was declared, with dividend coverage of 1.4x.
- Capital expenditures guidance for 2018 was updated to $360 million, up 3% from prior guidance.
- Execution continued on strategic projects in the Gulf Coast, Mid-Continent and Canada expected to drive growth in 2019 and beyond.
The document provides an overview of SemGroup's third quarter 2018 results. Key points include:
- Adjusted EBITDA was $96.4 million for the quarter.
- The company declared a quarterly dividend of $0.4725 per share, with dividend coverage of 1.4x.
- Capital expenditures guidance for 2018 was updated to $360 million, up 3% from prior guidance.
- Several growth projects across the Gulf Coast, Mid-Continent and Canada regions are expected to drive financial growth through 2020 and beyond.
Retirement Presentation For Small Businessguest4a21e5
This document compares various retirement plan options for small businesses, including SIMPLE IRAs, SEP IRAs, 401(k) plans, and Safe Harbor 401(k) plans. It provides details on employer and employee contribution limits, eligibility requirements, advantages and disadvantages of each type of plan. Key facts highlighted include that SIMPLE IRAs require mandatory employer contributions matching employee contributions up to 3% of compensation, while SEP IRAs allow discretionary employer contributions up to 25% of compensation.
The document discusses various retirement plan options for small businesses, including SIMPLE IRAs, SEP IRAs, and 401(k) plans. It outlines the key features of each plan such as eligibility, contribution limits, tax benefits, and ease of administration. The SIMPLE IRA requires mandatory employer contributions but has low costs and minimal administration. SEP IRAs allow discretionary employer contributions up to 25% of compensation but have no employee contributions. 401(k) plans offer higher contribution limits but more complex administration and testing requirements.
The document discusses various retirement plan options for small businesses, including SIMPLE IRAs, SEP IRAs, and 401(k) plans. It outlines the key features of each plan such as eligibility, contribution limits, tax benefits, and administrative requirements to help business owners determine the best option. SIMPLE IRAs require mandatory employer contributions but have low costs and administration, while SEP IRAs offer more flexibility in employer contributions but involve greater participation requirements.
This document provides an overview of SemGroup's non-GAAP financial measures and forward-looking statements. It defines Adjusted EBITDA, Cash Available for Dividends, and Total Segment Profit as non-GAAP measures used by management to evaluate performance that exclude certain items affecting comparability between periods. It cautions that non-GAAP measures should not be considered in isolation or as substitutes for GAAP measures. The document also notes that forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
The document discusses investing in infrastructure as a strategic approach for pension funds to achieve full funding in difficult markets. It notes falling yields, risky assets underperforming, and declining real rates as challenging conditions. Infrastructure can provide long-term, inflation-linked cash flows from assets like secured leases, ground rents, social housing, and private finance initiatives to better match long-dated pension liabilities. Specific examples mentioned include taking advantage of yields on long-term property leases and investments in public sector projects.
Similar to Portola Royalty Corporation presentation for potential partners (20)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
The Universal Account Number (UAN) by EPFO centralizes multiple PF accounts, simplifying management for Indian employees. It streamlines PF transfers, withdrawals, and KYC updates, providing transparency and reducing employer dependency. Despite challenges like digital literacy and internet access, UAN is vital for financial empowerment and efficient provident fund management in today's digital age.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Applying the Global Internal Audit Standards_AIS.pdf
Portola Royalty Corporation presentation for potential partners
1.
2. ForwardLooking
Statements
This presentation contains forward-
looking statements, within the
meaning of applicable securities
legislation, concerning Portola
Royalty’s business and affairs.
These statements are identifiable by
their use of verbs such as “expect”, as
well as by the use of future or
conditional tenses. These forwardlooking statements are based on
current expectations, and are
naturally subject to uncertainty and
changes in circumstances that may
cause actual results to differ materially.
Readers are cautioned not to place
undue reliance on such forwardlooking statements. Portola Royalty
Corporation assumes no obligation to
revise or update these forward-looking
statements to reflect the occurrence
of unanticipated future events, except
as may be required under applicable
securities laws.
3. 1 Royalty capital for
private companies with
$2+ million EBITDA
2 $10 to $30 million
transaction size
3 No amortization
no term
8.
Fund a
Shadow
Sale of Your
Company
True sale: $4mm EBITDA
business attracts a 6x
multiple - $24mm
Shadow sale: $24mm of
royalty capital costs
$3.6mm (15%) per year
Business EBT $400K
Owner keeps 100% of
3
equity
9.
We Are
Seeking
Royalty
Investments
$10 to $30mm transaction
size
History of at least $2mm in
EBITDA
Reasonable debt level
Committed, experienced
management in place
Good long term industry
fundamentals
3