Edward Lloyd-Hut, Hut, Hike! (Your Tax Bill)

The 2016 NFL season is in full swing, and fans are spending billions of dollars to show their loyalty to their teams. The average ticket costs $92.98. The average beer runs $7.38. Even parking can cost as much as $75 to see the Cowboys at AT&T Stadium. And fans spend billions more on licensed hats, jerseys, jackets, and other apparel.

Edward Lloyd

But teams don’t always return that loyalty. In recent years, the Cleveland Browns became the Baltimore Ravens, the Houston Oilers became the Tennessee Titans, and the St. Louis Rams, who had previously been the Los Angeles Rams, scampered back to LA. In most cases, teams make lateral moves to new hometowns to find better stadium deals. These days, a 10-year-old stadium is about as exciting as a quarterback with a torn hamstring.

Now the Oakland Raiders — who started out in Oakland before moving to Los Angeles before moving back to Oakland — are hoping to move again, this time to Las Vegas. Once again, a new stadium is the big incentive. So let’s take a look at the role taxes will play in the move.

A top-notch quarterback can cost north of $20 million per year. But a top-notch stadium costs closer to two billion. That’s a lot for an NFL owner to swallow, even with the average team worth $2.43 billion. So it’s customary for owners to approach their civic hosts with tin cups outstretched, looking for help to foot the bill. And taxpayers are usually happy to help — over the last 20 years, state and local governments have ponied up nearly half the cost of building or renovating stadiums for the league’s 32 teams.

Here’s what’s happening in Vegas. Raiders owner Mark Davis says he’s willing to throw $500 million towards a proposed $1.9 billion, 65,000-seat domed stadium. Casino owner Sheldon Adelson is willing to to hand off $650 million more. Nevada Governor Brian Sandoval has signed a bill hiking hotel taxes by 0.88% to cover the remaining $750 million. The plan also involves accelerating $899 million in transportation improvements already on the drawing board. Will all that spending turn out to be a smart bet?

At least the Las Vegas plan involves tackling visitors for the tax money. (Hotel taxes are especially popular sources for stadium revenue.) But sometimes public financing leads to a complete fumble. St. Louis dropped $259 million on the Edward Jones Dome to lure the Rams from LA, financing it with 30-year bonds. The team stayed for 21 years before sacking St. Louis to return to California. Now St. Louis taxpayers are stuck paying $12 million per year for a football stadium with no football team in it. It’s going to take a lot of tractor pulls to cover that bill.

Team owners and their lobbyists argue that shiny new stadiums pay for themselves in the form of jobs, spending, and sales taxes. But study after study shows that’s rarely true. Ultimately, it comes down to supply and demand. There are only 32 teams in the league, but there are far more cities that want one. Politicians can promise until they’re blue in the face that they won’t raise taxes. But what elected official wants to face his voters after letting a greedy owner strip their team from their town?

We realize that your game plan probably doesn’t involve paying more tax to finance a stadium. In fact, it probably involves paying less. That’s where we come in. So hand us the ball and let us take it up the field for you. We’re confident you’ll cheer for the savings. And remember, we’re here for all your teammates, too!  Thank you!  Ed Lloyd & Associates


Ed Lloyd & Associates PLLC – Are You Financially and Legally Updated About Your Children?

It is very important for you to protect your children. It is the responsibility of the parents to protect the children financially or legally in any case, says Ed Lloyd & Associates PLLC , a leading tax and law firm in the United States. The CEO of the firm, Ed Lloyd stresses on this point and says that unfortunately many parents are not aware about these aspects. Continue reading

Ed Lloyd & Associates- Your Ideal Tax Saving Partner

Ed Lloyd & Associates is a successful Charlotte based Certified Public Accountant, popularly known as CPA. The company represent impressive practical experience in designing various kinds of tax saving methodologies intended to save your hard earned dollars from the shackles of tax restrictions. They are the leaders in the industry and treat every client on a priority basis. They demonstrate to their clients various smart industry standards to legitimately report their costs of doing business while significantly decreasing the audit risks. Not only this, they also provide a sharp exit strategy for your business and upgrade your retirement alternatives remarkably. The extraordinary assessment systems adopted by them have helped organizations in Charlotte, NC and all through the United States, by assisting them in managing their expenses responsibly.

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You require more than somebody who will come in towards the end and simply record the historical backdrop of what happened over the previous year. You require somebody who represents considerable authority in accounting services and tax reduction procedures, who has your long term engages as a top priority and can help you create a plan to appropriately track your reasoning, lessen your pay charges, dodge expensive reviews, set up your assessments and provide you with a comprehensive guide to build your riches.

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Ed Lloyd is a name that is taken with a lot of respect with admiration to audits, tax planning and business consultancy. He is a certified public accountant with remarkable information and understanding of accounting to deliver the best of services to his clients. He is a dependable bookkeeper and tax planner who has secured his spot solid in the business by offering authentically client oriented services.

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Ed Lloyd is a renowned name who has secured his position strong in the business by offering truly customer-oriented accounting and tax planning services. He is a knowledgeable, capable and highly educated accountant and tax preparer based in the United States helping the businesses and organizations to improve the efficiency of their business. Not only in tax planning, Ed Lloyd has also shown his expertise and caliber in auditing and has helped many companies solve their auditing problem.

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Ed Lloyd- A Highly Reputed Chartered Public Accountant in the United States

In this highly competitive world, you need to pay attention to all the aspects of your business so that you can increase the efficiency and productivity of your business. Ed Lloyd is one highly accomplished and experienced professional who can help you manage your accounts and books on a regular basis, so that you can reap the desired results you always hoped for your business. He has helped various businesses and organizations to deal with the taxation hassles and accounting needs effectively.

Ed Lloyd CPA,Certified Tax Coach Charlotte is a great personality who is known for his expertise in the field. He is one of the most efficient CPAs and is highly recommended for his top-notch services. He has helped numerous businesses and business owners to improve their business processing and performance by delivering top-notch accounting and tax planning services.

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Ed Lloyd & Associates are considered as the trusted and secured source from where you can obtain high quality accounting and tax planning services in the United States. They are the leaders in the field of accounting and can give your business a competitive edge. Contact them now to know more about them.

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Ed Lloyd & Associates is a trusted source from where you can obtain a quality accounting and tax planning services in the United States. The owner of the company- Ed Lloyd is a dedicated individual and has been active in the field for decades and is well known among different CPA firms owing to his sheer knowledge and professionalism. He guided various reputed business firms, hundreds of clients with his supreme proficiency in tax planning, tax calculation and tabulation, estate tax and auditing services.

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