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

Advertisements

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 – A Reputed and Trusted Name in the Field of Accounting and Tax Planning

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.

Ed Lloyd – Business Development Consulting CPA has gained a substantial measure of admiration in the field of bookkeeping and tax planning. He has won the trust of many huge business names by delivering them trustworthy services which have gone far in additionally helping various associations come out of the circumstances of indebtedness. Ed Lloyd is trusted by his customers and associates who are highly captivated by his extraordinary learning and supreme ability.

Ed Lloyd is the proud business owner of the Ed Lloyd & Associates – Charlotte CPA Firm. Ed Lloyd believes throughout the year, you need to take various financial decisions. Therefore, calculating taxes and paying them on a timely basis can help you know the correct monetary condition of your company and arrive at to improved decisions.

The highly skilled and talented professionals of Ed Lloyd at Associates pay attention to all the aspects of accounting and tax planning. They go an extra mile to understand the processing of your business and then come up with great plans that can enhance the efficiency of your business. Get in touch with the highly skilled and talented professionals of Ed Lloyd & Associates to know more about them.

Trust All Your Financial Needs with Ed Lloyd & Associates- A Reputed Accounting Firm

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.

Ed Lloyd and his team at Ed Lloyd and Associates, PLLC – Charlotte, North Carolina has gained a lot of appreciation from their clients for their sheer professionalism and commitment towards their work. The knowledge and experience that they have gained all these years has made them a most renowned figure in the United States. The in-depth knowledge of the tax laws, financial planning, calculating taxes, auditing services etc has kept their popularity always on the rise.

Ed Lloyd & Associates, PLLC company are considered as the best source for obtaining top-notch tax planning and accounting services. No matter whether you are small, a mid-sized or a large organization, it is crucial for you to update your accounts and records on a daily basis. This is not only vital for you to know about the standing of your company, but also keeps a finger on the financial records of your business. Therefore, to help your business gain a competitive edge, immediately contact the professionals of Ed Lloyd & Associates, PLLC.

Cope Up With Taxation Hassles Effectively with Ed Lloyd & Associates in the United States

Inefficient resources, limited time, faulty systems are several factors that can act as a barrier in the path of success.  Therefore, to overcome all these factors and take your business to the next level, it is extremely crucial for you to hire an  experienced and skilled accounting firm that can manage your official accounts in a timely manner.  Ed Lloyd & Associates is one such name to reckon with if you are in search of the trusted professionals that can enhance the efficiency and performance of  your firm. It is a Charlotte based firm that has been delivering impeccable financial services from last many years.  You do not need to worry when you know a group of highly skilled professionals is there to assist you with their meticulous services.

On having served the accounting needs of the businesses and organizations from last years,  Ed Lloyd & Associates – Charlotte CPA Firm has gained rich experience in the field.  Even you are in search of someone that can handle your accounting needs effectively or want to seek expert guide regarding making sound investments, look no other than Ed Lloyd & Associates PLLC. They are the real professionals, and are committed to passing on meticulous services each and every time.

Ed Lloyd CPA at Ed Lloyd & Associates, PLLC  enjoys a long standing reputation in the region. The reputation that they enjoy is the result of sincere efforts and hard work that they put into each work.They go an extra mile to fulfill the varied needs of the businesses.

Outsource Your Financial Services To Ed Lloyd CPA for Big Gains

Accounting is one of the most significant aspects of any business because it ensures that all decisions made are financially sound. However, many small business owners believe procuring accounting outsourcing services involve unnecessary costs. In truth, accountants are important to businesses of any size, especially if the owners are not equipped with sufficient accounting experience or knowledge.

Ed Lloyd & Associates PLLC is a firm based in Charlotte, United States that has been delivering top notch accounting and tax planning services.  They are considered as the trusted source from where you can obtain expert financial services at highly competitive prices. No matter whether you are a small, a mid-sized or a large business owner, it is extremely crucial for you to update your financial records regularly so as to reach to informed decisions.

Ed Lloyd CPA is known in the region for passing on meticulous accounting and tax planning services. There is a long list of happy customers that can speak for the professionalism and expertise of the professionals.  They take time to understand the business functioning and then come up with a great plan that can enhance the efficiency and maximize the profits.

If you are one of the business owners and have not taken any financial assistance for your business yet, contact Ed Lloyd & Associates. They would be more than pleased to offer you meticulous services and fulfill the varied needs of the businesses. Contact them to know more!