Income taxation

Fidus Investment Corporation Announces First Quarter 2021 Financial Results

Retrieved on:

Thursday, May 6, 2021

Income taxation, Taxable income, Taxation in Canada

Our total portfolio investments at fair value were approximately 108.4% of the related cost basis as of March 31, 2021.

Key Points:

Our total portfolio investments at fair value were approximately 108.4% of the related cost basis as of March 31, 2021.
As of March 31, 2021, our average active portfolio company investment at amortized cost was $9.8 million, which excludes investments in the four portfolio companies that have sold their underlying operations.
The weighted average yield on debt investments was 12.3% as of March 31, 2021.
The final determination of 2021 taxable income, as well as the tax attributes for 2021 dividends, will be made after the close of the 2021 tax year.

Dorman Products, Inc. Reports First Quarter 2021 Results

Retrieved on:

Monday, April 26, 2021

Profit, Corporate finance, Economy, Gross income, Income taxation, Management accounting, Taxation in the United States, Money, Finance

Strong sales performance in the quarter was all organic and driven by robust customer demand.\nGross profit was $104.5 million in the first quarter of 2021, or 36.3% of net sales, compared to $84.8 million, or 32.9% of net sales for the same quarter last year.

Key Points:

Strong sales performance in the quarter was all organic and driven by robust customer demand.\nGross profit was $104.5 million in the first quarter of 2021, or 36.3% of net sales, compared to $84.8 million, or 32.9% of net sales for the same quarter last year.
Adjusted gross margin* was 36.3% in the first quarter of 2021 compared to 33.0% in the same quarter last year.
Additionally, the Company benefitted from the absence of increased customer provisions that impacted gross margin in the prior year quarter.
Adjusted SG&A expenses* were $62.0 million, or 21.5% of net sales, in the first quarter of 2021 compared to $58.4 million, or 22.6% of net sales, in the same quarter last year.

Strata Equity Group Deploys LeaseLock Within Online Resident Leasing to Eliminate Deposits

Retrieved on:

Thursday, March 11, 2021

Professional services, Technology, Residential Building & Real Estate, Insurance, Software, Construction & Property, Income taxation, Real property law, Renting, Security deposit, Strata

LeaseLock , the worlds leading insurtech platform for real estate, today announced Strata Equity Group has implemented LeaseLock Zero Deposit across its entire portfolio.

Key Points:

LeaseLock , the worlds leading insurtech platform for real estate, today announced Strata Equity Group has implemented LeaseLock Zero Deposit across its entire portfolio.
Strata communities are realizing significant increase in protection versus security deposits:
Zero Deposit is the new direction for multifamily, said Andrew Gordon, COO, Strata Equity Group.
Strata is upgrading the resident leasing experience while also fortifying the portfolio to weather all market conditions, said Ed Wolff, CRO of LeaseLock.
LeaseLock seamlessly deploys within the native online leasing checkout, resulting in significant conversion liftwhile instantly generating industry-leading coverage for the property on every lease.

Elevation Offers Affordability for Single-Family Renters by Adopting LeaseLock Zero Deposit

Retrieved on:

Thursday, December 17, 2020

Professional services, Technology, Residential Building & Real Estate, Insurance, Software, Construction & Property, Finance, Real property law, Renting, Money, Income taxation, Security deposit, ING Australia, Zero Deposit, Economy

Elevation communities using Zero Deposit boast a 98 percent adoption rate among residents, and each new lease receives an average of $2,743 in protection against bad debt and unit damage.

Key Points:

Elevation communities using Zero Deposit boast a 98 percent adoption rate among residents, and each new lease receives an average of $2,743 in protection against bad debt and unit damage.
Thats 5.7 times more coverage than what the company had with its average security deposit.
We could not be more enthusiastic about the benefits of Zero Deposit on our leasing and operations, said Kendra Butterfield, Director of Operations at Elevation Real Estate and Management.
LeaseLock Zero Deposit powers a modern lease experience through insurance technology and deep system integration.

Rhino Releases Data Profile of Deposit Insurance Product in 1 Million Homes Nationwide

Retrieved on:

Tuesday, November 17, 2020

Today, Rhino has published a data report on the performance of their security deposit alternative now replacing upfront cash deposits with low-cost insurance in 1 million homes nationwide.

Key Points:

Today, Rhino has published a data report on the performance of their security deposit alternative now replacing upfront cash deposits with low-cost insurance in 1 million homes nationwide.
As Rhino has rolled out to 1 million homes, this growth has driven annualized revenue from $1MM to $21MM in just 18 months.
Over 80% of residents now choose to sign up for Rhino when given the opportunity at move-in or lease renewal.
Today, Rhino is Americas largest security deposit insurance provider and the preferred choice for NMHC Top-50 landlords and property managers.

FMO Announces Accrual for Income Tax Expense

Retrieved on:

Saturday, November 14, 2020

Tax, Economy, Tax accounting, Taxation in Australia, Income taxation, Income tax in the United States, Tax expense, Income tax in Australia, Taxable income, State income tax, Corporate tax in the United States, Gross income

NEW YORK, Nov. 13, 2020 (GLOBE NEWSWIRE) -- Fiduciary/Claymore Energy Infrastructure Fund (FMO or the Fund) today announced a change in the estimate of the accrual of federal and state income tax expense caused by sales of investments.

Key Points:

NEW YORK, Nov. 13, 2020 (GLOBE NEWSWIRE) -- Fiduciary/Claymore Energy Infrastructure Fund (FMO or the Fund) today announced a change in the estimate of the accrual of federal and state income tax expense caused by sales of investments.
The Fund is generally subject to U.S. federal income tax on its taxable income at the 21% rate applicable to corporations and, in addition, is subject to various state income taxes.
The Fund accrues estimated current federal and state income tax expense based on current income and gains generated from its underlying investments and trading activity.
Any net current or deferred income tax expense or net deferred income tax liability will reduce the Funds NAV.

ColRich Multifamily Launches LeaseLock to Eliminate Security Deposits for Renters

Retrieved on:

Wednesday, June 3, 2020

Finance, Professional services, Residential Building & Real Estate, Construction & Property, Insurance, Renting, Real property law, Income taxation, Security deposit, Deposit, Articles

LeaseLock , the first and only nationwide A-rated lease insurance provider that totally eliminates security deposits, surety bonds and guarantors in rental housing, today announces ColRich Multifamily has deployed LeaseLock Zero Deposit across its portfolio.

Key Points:

LeaseLock , the first and only nationwide A-rated lease insurance provider that totally eliminates security deposits, surety bonds and guarantors in rental housing, today announces ColRich Multifamily has deployed LeaseLock Zero Deposit across its portfolio.
With LeaseLock, ColRich is protected from rent loss and damage with $10 million in coverage to-date, compared to $2.2 million that would have been collected with deposits.
For the past several years, weve closely monitored the impact of deposits on our renters and on our business.
"We are pleased to partner with ColRich to eliminate security deposits completely," said Ed Wolff, CRO of LeaseLock.

Benefitfocus Delivers Enhanced Mobile and Communications Capabilities

Retrieved on:

Thursday, May 21, 2020

Taxation in the United States, Imputed income, Income taxation, Tax reform, Economy, Imputation, Forward-looking statement, Tax, Articles

"Our goal with each release is to improve the customer experience for our consumers, employers, brokers and health plans," said Benefitfocus CTO Jim Restivo.

Key Points:

"Our goal with each release is to improve the customer experience for our consumers, employers, brokers and health plans," said Benefitfocus CTO Jim Restivo.
These enhancements are the latest results of Benefitfocus' goal to provide a world-class data experience for all members of its platform.
Expanded Imputed Income Calculation Capabilities Our imputed income configurations have been expanded to include child and dependent life benefits.
Benefitfocus assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

New Pennsylvania Legislation Would Help Pave the Way for Security Deposit Elimination

Retrieved on:

Thursday, April 23, 2020

Economy, Money, Finance, Real property law, Income taxation, Security deposit, Insurance, Renting

The bill would also give apartment operators the choice to eliminate security deposits entirely through lease insurance.

Key Points:

The bill would also give apartment operators the choice to eliminate security deposits entirely through lease insurance.
"Both apartment operators and residents have long been familiar with the many problems that large, upfront security deposits create.
In recent years, many states and local governments have passed laws limiting the size of security deposits and requiring operators to offer deposit installment plans.
Now, as the Cincinnati law, and similar Virginia renter's choice legislation and Pennsylvania legislation show, there is an emerging movement to eliminate deposits altogether.

New Pennsylvania Legislation Would Help Pave the Way for Security Deposit Elimination

Retrieved on:

Wednesday, April 22, 2020

Public policy, Government, Construction & Property, Insurance, State, Local, Finance, Banking, Professional services, Residential Building & Real Estate, Real property law, Renting, Finance, Income taxation, Security deposit, Deposit, Articles

Similar to Cincinnati Renters Choice law that recently went into effect, Pennsylvania House Bill 2427 would require apartment operators that charge security deposits to offer residents a deposit installment plan or a deposit alternative.

Key Points:

Similar to Cincinnati Renters Choice law that recently went into effect, Pennsylvania House Bill 2427 would require apartment operators that charge security deposits to offer residents a deposit installment plan or a deposit alternative.
We see this new Pennsylvania bill as just the beginning of a flood of deposit elimination legislation to come nationwide."
Many states and local governments have passed laws limiting the size of security deposits and requiring operators to offer deposit installment plans.
Now, as the Cincinnati law and similar Virginia renters choice legislation and the Pennsylvania legislation show, there is an emerging movement to eliminate deposits altogether.