EDD

EDD Changes Procedures to Collect from Disputed Audit Findings: Urgent Action Required for Affected Individuals and Businesses

Retrieved on: 
Tuesday, April 9, 2024

CA EDD introduces significant procedural changes affecting individuals and businesses subject to audit assessments.

Key Points: 
  • CA EDD introduces significant procedural changes affecting individuals and businesses subject to audit assessments.
  • John Milikowsky, founder of Milikowsky Tax Law , emphasizes the importance of understanding the revised procedures and taking appropriate action promptly.
  • To further safeguard their rights, affected individuals and businesses are urged to immediately contact the Taxpayer Advocate Service for EDD at 866-594-4177.
  • For immediate assistance and guidance on navigating EDD audit procedures, individuals and businesses are encouraged to reach out to Milikowsky Tax Law.

Pajarito Powder Selected for $20 Million in DOE Awards to Build Out Fuel Cell and Green Hydrogen Catalyst Supply Chains

Retrieved on: 
Wednesday, March 27, 2024

The funds will be used to increase production and reduce costs of catalysts for lower-cost fuel cells and green hydrogen production.

Key Points: 
  • The funds will be used to increase production and reduce costs of catalysts for lower-cost fuel cells and green hydrogen production.
  • On the fuel cell project, Pajarito Powder will work with Brookhaven National Laboratory, General Motors Co., Oak Ridge National Laboratory and Strategic Analysis, as well as with national laboratory researchers as part of the Million Mile Fuel Cell Truck Consortium.
  • "Pajarito Powder believes that hydrogen is one of the keys to decarbonizing transportation," said company chief executive officer and board chairman Thomas J. Stephenson.
  • Pajarito Powder opened a new manufacturing facility in Albuquerque this year that will enable 200 times as much production of hydrogen fuel cell catalysts and 100 times as much production of green hydrogen catalysts.

Taylor Nelson Amitrano LLP Announces Legislative Amendment to California Unemployment Code (CUIC) to Protect Taxpayer Rights

Retrieved on: 
Tuesday, February 13, 2024

IRVINE, Calif., Feb. 13, 2024 /PRNewswire-PRWeb/ -- Taylor Nelson Amitrano LLP, a prominent tax controversy firm located in Irvine, CA is pleased to announce that the California legislature enacted an amendment to California Unemployment Insurance Code ("CUIC") Section 1755 to protect the rights of taxpayers on October 13, 2023, based on a proposal co-authored by Rami M. Khoury and other members of the firm.

Key Points: 
  • Taylor Nelson Amitrano LLP, a tax controversy firm in Irvine, CA, announces a legislative amendment to California Unemployment Insurance Code Section 1755, effective January 1, 2024, extending the time financial institutions must hold levied funds, protecting taxpayers' rights.
  • The amendment, proposed by Rami M. Khoury and co-authors, allows taxpayers ten business days to dispute levies with the Employment Development Department before funds are remitted, a significant win for California taxpayers.
  • The enacted legislation also extended the deadline by which financial institutions are required to send levied-upon funds to the EDD.
  • The amendments protect basic taxpayer rights, while also giving financial institutions the flexibility that they need to avoid impinging on the basic rights of their customers.

Albuquerque Regional Economic Alliance: Cinelease Picks New Mexico for Major Expansion

Retrieved on: 
Monday, February 12, 2024

Michelle Lujan Grisham and executives at Cinelease, Inc. and Cinelease Studios announced today that the entertainment service company has chosen its Albuquerque site for a new investment and significant expansion.

Key Points: 
  • Michelle Lujan Grisham and executives at Cinelease, Inc. and Cinelease Studios announced today that the entertainment service company has chosen its Albuquerque site for a new investment and significant expansion.
  • This collaboration underscores our commitment to fostering a dynamic film community and creating more economic opportunities for our families,” Albuquerque Mayor Tim Keller said.
  • Pending permitting approvals and incentive agreements, Cinelease in Albuquerque will invest $95 million into New Mexico, adding five soundstages and two ancillary buildings, essentially doubling its current space at 9201 Pan American Freeway NE, Albuquerque, 87113.
  • “This decision by Cinelease is a great confirmation that the Albuquerque region is indeed a premier location for continued film industry expansion,” Danielle Casey, president & CEO of the Albuquerque Regional Economic Alliance, said.

Unitil Reports Third Quarter Earnings

Retrieved on: 
Tuesday, November 7, 2023

HAMPTON, N.H., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) ( unitil.com ) today announced Net Income of $1.4 million, or $0.09 in Earnings Per Share (EPS) for the third quarter of 2023, an increase of $0.9 million in Net Income, or $0.06 in EPS, compared to the third quarter of 2022.

Key Points: 
  • HAMPTON, N.H., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) ( unitil.com ) today announced Net Income of $1.4 million, or $0.09 in Earnings Per Share (EPS) for the third quarter of 2023, an increase of $0.9 million in Net Income, or $0.06 in EPS, compared to the third quarter of 2022.
  • The Company’s Electric and Gas GAAP Gross Margins for the third quarter of 2023 were $22.6 million and $12.3 million, respectively.
  • The Company’s earnings historically have been seasonal and typically have been higher in the first and fourth quarters when customers use natural gas for heating purposes.
  • The Company will hold a quarterly conference call to discuss third quarter 2023 results on Tuesday, November 7, 2023, at 10:00 a.m. Eastern Time.

Gov. Lujan Grisham and Array Technologies Announce N.M. Expansion

Retrieved on: 
Thursday, November 2, 2023

Michelle Lujan Grisham and Array Technologies CEO Kevin Hostetler announced today that Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”) has finalized plans for a major expansion that will solidify the Company’s New Mexico future with a new $50 million manufacturing campus in Bernalillo County that will keep hundreds of jobs secure for New Mexicans.

Key Points: 
  • Michelle Lujan Grisham and Array Technologies CEO Kevin Hostetler announced today that Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”) has finalized plans for a major expansion that will solidify the Company’s New Mexico future with a new $50 million manufacturing campus in Bernalillo County that will keep hundreds of jobs secure for New Mexicans.
  • Array, one of New Mexico’s few publicly traded companies, got its start manufacturing solar tracker technology over 30 years ago in Albuquerque.
  • The 22-acre expansion will allow Array to hire nearly 100 new employees over the next several years.
  • The Albuquerque Regional Economic Alliance (AREA), a non-profit economic development organization, is assisting Array with site selection, labor-force, tax analysis, and strategic planning on its expansion.

Albuquerque Regional Economic Alliance: Germany-Based mtex Brings Investments in Technology, Engineering, Machining to Albuquerque

Retrieved on: 
Friday, September 29, 2023

Those attending included Mark Roper, New Mexico Economic Development Department (EDD) Economic Division Director and City of Albuquerque Economic Development Director Max Gruner, both of whom have been instrumental in recruiting mtex to New Mexico.

Key Points: 
  • Those attending included Mark Roper, New Mexico Economic Development Department (EDD) Economic Division Director and City of Albuquerque Economic Development Director Max Gruner, both of whom have been instrumental in recruiting mtex to New Mexico.
  • The company plans to invest $16 million into its Albuquerque facility at the Sandia Science and Technology Park.
  • “The greater Albuquerque region is paving the way to becoming a top location for innovation industry investment,” said Danielle Casey, President & CEO of the Albuquerque Regional Economic Alliance (AREA).
  • The new mtex facility in Albuquerque will also play a major role for the integration and testing of these new submm Telescopes.

AML Market worth $6.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, September 15, 2023

Collectively, these factors are propelling the expansion of cloud deployment within the AML Market.

Key Points: 
  • Collectively, these factors are propelling the expansion of cloud deployment within the AML Market.
  • By organization size, the large enterprise segment is expected to hold a larger market size during the forecast period.
  • To describe and forecast the global anti-money laundering (AML) market by offering, deployment mode, organization size, end user, and region.
  • To profile the key players of the AML Market and comprehensively analyze their market shares and core competencies.

AML Market worth $6.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, September 15, 2023

Collectively, these factors are propelling the expansion of cloud deployment within the AML Market.

Key Points: 
  • Collectively, these factors are propelling the expansion of cloud deployment within the AML Market.
  • By organization size, the large enterprise segment is expected to hold a larger market size during the forecast period.
  • To describe and forecast the global anti-money laundering (AML) market by offering, deployment mode, organization size, end user, and region.
  • To profile the key players of the AML Market and comprehensively analyze their market shares and core competencies.

Decision Intelligence Leader Quantexa Awarded Google Cloud’s Industry Solution Technology Partner of the Year for Line of Business Processes

Retrieved on: 
Tuesday, August 29, 2023

LONDON and NEW YORK, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Today, Quantexa , a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that it has won the 2023 Google Cloud’s Industry Solution Technology Partner of the Year award for Line of Business Processes.

Key Points: 
  • LONDON and NEW YORK, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Today, Quantexa , a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that it has won the 2023 Google Cloud’s Industry Solution Technology Partner of the Year award for Line of Business Processes.
  • The award comes after its Decision Intelligence Platform and solutions were made available on Google Cloud Marketplace in April 2023 .
  • Quantexa is recognized for the strength of its line of business solutions.
  • Their Line of Business Processes removes traditional manual data capture by connecting internal and external data and creating an accurate single view of customers.