Financial Accounting Software

Las Vegas, NV (PRWEB) January 29, 2008 — Knowledge Infusion, the recognized consulting authority on human resource and talent management technology solutions that drive human capital management business value, today at the Knowledge Infusion “I Am KI” Company Meeting, announced they have been cited by HR World as a Top 25 HR Influencer of 2007. The Center of Excellence was listed as a leading organization bringing content, collaboration, consulting, and community for the HCM industry. In addition Jason Corsello, Vice President of the Center of Excellence was called out for his Human Capitalist blog, providing knowledge, strategies, and in-depth analysis of current issues.

Formally launched in October of 2007, the Center of Excellence is now being accessed by executives and HR professionals in over 60 countries. The only service of its kind, the Center of Excellence allows organizations to sustain their competitive advantage through ongoing intelligence, best practices, and collaboration, all backed by real-world practices from consulting engagements with over 150 global organizations.

New research being released this quarter and available to premium members includes:
* Growing a Viable LMS Governance Model
* Lifting the Fog Around SaaS, Hosted & On Premise Human Capital Management Solutions
* Don’t Forget Talent Management Governance
* Transforming and Evolving Your Performance Management Process
* The Who, When, What, Where, How of Workforce Planning
* Building Bench Strength Through A Talent Pipeline

“The Center of Excellence was built for the entire HCM community and we are thrilled to see the value that it is already providing,” said Jason Corsello, Vice President of the Knowledge Infusion Center of Excellence. “We appreciate the recognition from HR World and look forward to continuing to build out the site with innovative content and opportunities for organizations to collaborate and help each other drive the strategic direction of HR.”

“Knowledge Infusion is proud to be recognized as an innovator in HR technology consulting,” said Jason Averbook, Knowledge Infusion Chief Executive Officer. “At the I Am KI meeting in Las Vegas, the Knowledge Infusion family is celebrating our growth and success from the past year and looking forward to helping the entire HCM community drive success through HR technology.”

Colorado Springs, CO (PRWEB) January 29, 2008 — The global investment advisory firm and ETF specialist, Chartwell Partners, has launched another global ETFfolio, the World Freedom ETFfolio, which is based on the Index of Economic Freedom published by the Heritage Foundation and the Wall Street Journal.

The index ranks countries based on a grading system that includes ten freedoms such as property rights protection, investment freedom, tax rates, government intervention in the economy, business freedom, freedom from corruption and monetary, fiscal and trade policy. The idea is not just to rank countries but to track movement both up and down and to highlight the proposition that freedom and prosperity are highly correlated.

The World Freedom ETFfolio will join the seven other folios that are available through Chartwell Partners and the Foliofn platform. These folios include the following:

Country Rotation ETFfolio
Global Sector Rotation ETFfolio
World Freedom ETFfolio
Asia Opportunity ETFfolio
Global Long/Short Strategy ETFfolio
Global Opportunity ETFfolio
Global Dividend/Income ETFfolio

In a recent interview, Chartwell Managing Director Carl Delfeld explained that he has followed the Index of Economic Freedom for five years and launched the new ETFfolio because he believes that long-term oriented investors will benefit from a portfolio weighted towards countries that have a high degree of economic freedom. He stated that the “evidence is clear that economic freedom and prosperity go hand in hand and over time should be reflected in stock market performance.”

For the 2008 Index of Economic Freedom, the top ranked countries are:

1 ) Hong Kong
2 ) Singapore
3) Ireland
4 ) Australia
5 ) United States
6 ) New Zealand
7 ) Canada
8 ) Chile
9 ) Switzerland
10 ) United Kingdom

Delfeld also mentioned that he is “very interested in countries that may be ranked rather low but show sharp or steady improvement in the annual rankings.” He noted that the four BRIC countries, which collectively were up 55% in 2007, ranked poorly in the index with Brazil at #101, India at #115, China at #126, and Russia at #134.

Davie, FL (PRWEB) January 29, 2008 — Maverick CPA reveals silent pact between bankers and taxman could cost you your home and bury you under a mountain of debt, while lining the bank’s already massive profits and increasing the revenue of the IRS.

Real Estate Investing has never been more hazardous to the financial well being of investors. Your Banker and the Taxman have taken a vow of silence that threatens to wipe out the real estate portfolios of many investors who are faced with foreclosures.

Real estate sales have dropped by 13.8% in 2007. The sub prime debacle has cost an estimated $300 billion with no sign of stopping.

The median home price in a six-county region of Southern California plunged more than 13 percent in December from the same month a year ago, as the national housing slump kept eating away at home values.

All this puts pressure on real estate investors who may have taken advantage of low “teaser” rates, cash-out refinancings, zero-down loans, ‘negative amortization loans’, and other ‘creative’ financing options.

The national foreclosure rate has skyrocketed. The country is so close to recession that the Federal Reserve recently slashed interest rates in a vain hope to stem the tide.

So what do you do when the buyers disappear, prices plummet, rates shoot up, and you can’t afford the mortgage? According to Bill Tyler of Certified Tax Experts, many people walk away from their properties and let the bank ‘fix’ it. Pro-active property owners try to renegotiate with the lender, often turning over the property to the bank in exchange for the bank forgiving the outstanding loan.

“Both options can put you into debt, foreclosure, bankruptcy or even worse,” says Tyler. “The first thing I counsel my clients, is that you did what you thought was best for your future and the future of your family. It did not work out, but beating yourself up about it won’t help. We need to recognize where we are and move from there.”

Unfortunately, according to Tyler, being proactive can almost be worse than doing nothing.

Often when a property owner faces foreclosure, he will negotiate with his banker to give up his house along with a cancellation of debt. So if the bank sells a house with a $200,000 mortgage for $150,000, the owner does not owe the bank the outstanding $50,000. The bank cancels the debt and writes it off against profits.

Sounds like a great deal to the poor distressed owner. Until a few months later when the IRS informs him that that $50,000 debt he did not have to pay the bank is considered taxable income. In effect, his income went from a national average $45,000 to $95,000 and he never saw the money.

This is outrageous, according to Tyler. Your banker quietly crosses his fingers hoping you will sign his forms, knowing full well you will be stuck with an onerous debt you may never repay. And since you now owe the IRS, not the lender, bankruptcy is no longer an option.

The problem, says Tyler, is that your Banker and the Taxman know the rules of the game but most investors and home owners don’t. He has spent the past three years developing accounting strategies that allow investors to structure their real estate assets so that the outstanding $50,000 debt becomes an expense for income tax purposes, not income.

Tyler’s advice? If one starts falling behind in mortgage payments, don’t wait to get help. There are many competent professionals who can give solid advice and recommendations. Learn the rules of the game and put in place strategies to keep the bankers and taxman at bay.

Wilton, CT (PRWEB) January 29, 2008 — What image of comes to mind when you hear the term “stealth relocation”? The witness protection program? Or how the CIA relocates people these days? In reality, however, the term applies to corporate employees that are classified as being on a “temporary assignment” when, in the eyes of the IRS, they have actually fully relocated to the new area. And, with this ambiguous determination comes a raft of tax implications and exposure to unbudgeted costs.

David Oltman, Orion Mobility’s president, recalls that this was THE “hot topic” of the company’s annual relocation seminar for corporate tax and payroll professionals last September. “Just about every Q&A session had an inquiry from the attendees on this topic,” said Oltman. “We thought it was advisable, then, to do some in depth industry research and come up with the White Paper.”

Shortly thereafter, while presenting at the GlobalHR News London Conference last November, Heithaus met with Cohen to discuss areas of mutual interest. The topic of the White Paper came up and they pair realized that GlobalHR News also had a wealth of information on this very subject. The two companies then created an alliance to research draft and finalize the document. In addition to Cohen and Oltman, the article features two other Orion Mobility executives, Peter Fonseca and Quentin Hormel.

“This initiative represents a new method of educating our readers located globally,” said Ed Cohen. In addition to writing about the White Paper in GlobalHR News, globalhrnews.com will also feature it. “I learned from working with Orion Mobility on this project, I enjoyed it and look forward to other topics on which we can collaborate.”

Adds Oltman, “Our goal is to provide up-to-date tax compliance information to corporate managers involved with HR, Payroll, Tax and Relocation because they are charged with accountability for risk and cost management. This White Paper serves to educate and inform on this critical issue and we urge relocation professionals to get updated on this topic immediately.”

Mission Viejo, CA (PRWEB) February 20, 2008 — The new Economic Stimulus Plan signed last week by President Bush, could have the effect of lowering lease rates for corporate borrowers as leasing companies pass on the benefits to their customers.

A provision included in the stimulus plan was “Bonus Depreciation” a term used to describe accelerated depreciation of purchased equipment that exceeds $250,000. The main benefit of this provision is to give businesses an opportunity to accelerate the depreciation of a large purchase.

Normally, if a company acquired $1,000,000 in equipment, the company could claim depreciation in the first year of $200,000 (20% of $1 million). However with the new Bonus Depreciation, that same company could deduct $600,000 in the first year (a 50% Bonus depreciation of $500,000, plus $100,000 which is 20% of the $500,000). The remaining cost can be depreciated over the remaining recovery period.

In a research note to clients, The Optimus Group strongly recommended that Corporate Finance and Treasury departments consider how this new legislation could reduce their corporate borrowing rates as leasing companies may be inclined to pass on the economic benefit of accelerated depreciation on to its customers.

The Optimus Group (optimusgroup.com) is an independent financial advisory firm that negotiates with leasing companies and banks on its clients’ behalf. The Optimus Group is NOT a leasing company. In most cases, The Optimus Group, through its expertise in lease/loan contracts, would be able to reduce total lease expenses by at least 10% to 15%. A typical Optimus Group client invests over $5 million in new equipment annually and is the company CFO or Treasurer.