February 1st, 2010 by Nate Wyant
Accruit works constantly to enhance the value we provide our clients, and over the past few months we've focused significant effort on reinventing the internal processes associated with the Accruit Program Exchange Manager™. As is often the case with these kinds of upgrades, the benefit may not be readily evident to the end client. So we thought we'd take a moment to explain what we've been doing and how it helps your business.
Restricted Cash-Handling Improvements
Helps ensure our clients maintain consistent ...
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January 12th, 2010 by Steve Chacon
Congratulations! By now you've completed your preliminary budgeting for the New Year.
Practically speaking, you probably aren't quite there yet, but like many others, you're close to finalizing your 2010 numbers. Pondering the broader economy, analyzing the smaller markets and sprinkling in a little under-promising with a dash of over-delivering - we've all been through it before. And while many of us don't especially enjoy the budgeting process, we very much appreciate the value returned when we do it well.
Although the ...
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January 6th, 2010 by Sam Smith
There are hundreds of 1031 like-kind exchange providers in the US, and any business looking to do LKEs, whether it's one single exchange or a huge program, is advised to ask a lot of questions to make sure they've found the best provider for their requirements. Some of these questions are probably obvious to any experienced businessperson. You're looking for a business with expertise in your industry (if you're exchanging heavy equipment, a qualified intermediary that has only done ...
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January 5th, 2010 by Sam Smith
As most of you in the equipment world know, AED Summit and CONDEX are scheduled for January 20 in San Antonio. There are two things to put on your agenda if you're attending.
First, the Start Us Up USA's "idle equipment caravan" will be making a stop.
AED and AEM continue to educate lawmakers in Washington, D.C., about the economic crisis facing the equipment industry and urge action on a multi-year highway
...
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December 30th, 2009 by Sam Smith
In November we announced that Accruit has partnered with Network International and will serve as their exclusive provider of 1031 like-kind exchange services. For those unfamiliar with Network International or with how our two companies might work together for the benefit of our clients, we have now launched a new partnership page that answers a lot of your questions. For instance:
- What are the partnership's benefits?
- Why Network International?
- How do Network
...
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December 17th, 2009 by Sam Smith
AgProfessional.com has just published an article on 1031 like-kind exchanges (LKEs) and their value for the agriculture industry, and Accruit President/CEO Brent Abrahm is quoted extensively. Of particular interest to companies that are new to LKEs is a brief section outlining what to look for in a Qualified Intermediary or LKE solution provider.
- Is the company a member of the Federation of Exchange Accommodators, the industry's professional trade organization?
- Will funds be held in dedicated accounts
...
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December 10th, 2009 by Sam Smith
Two recent CFO analyses support the conclusions that Brent Abrahm and Joe Lane have reached regarding the impact of the newly enacted NOL carryback legislation. A Nov. 11 article asks "where's the cash," and advises businesses to "look behind them":
"The expansion of the NOL carryback period will accelerate a $33 billion refund of previously paid taxes for much of Corporate America in a very short period of time," says John McMahon, director for business tax services at Ernst
...
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December 8th, 2009 by Sam Smith
Accruit's new Channel 1031 series recently spent a few minutes talking with our friend, noted finance and leasing industry expert Joe Lane, about the implications of the newly enacted NOL carryback legislation. Joe was pretty positive about the impact of the law, concluding that we have more reason for optimism than we've had in quite some time.
Here are a few of the highlights of the interview:
- Detailed overview of what exactly the law does
- Impact:
...
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November 30th, 2009 by Sam Smith
The rescheduled PLS Playmakers Symposium will be held this Wednesday (Dec. 2) at the Hilton Americas Downtown in Houston, and Accruit hopes to see you there.
Dan Belger, Accruit's VP of Sales, will be hosting and moderating the Resource Plays Game Plan session, featuring Nikolai Lyngo, VP of North American Business Development with Statoil; and Frank Lodzinski, President of GeoResources, Inc.
I'll be on hand, as well, manning our booth in the exhibition ...
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November 11th, 2009 by Brent Abrahm
On November 6, President Barack Obama signed into law the Worker, Homeownership, and Business Assistance Act of 2009 (Public Law Number P.L. 111-92). This legislation provides welcome relief for companies across a wide range of industries that are working to stabilize their businesses and prepare for the eventual recovery of the economy.
According to the official Senate Committee on Finance release:
The net operating loss carryback (NOL) provision is expanded to allow U.S. companies of ...
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