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

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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 PLLC- A Name That is Taken with Respect in the United States

Ed Lloyd & Associates PLLC are a Certified Public Accountant and provide various accounting and tax services to organizations and individuals in Charlotte. Keeping a finger on the pulsation of your bookkeeping section can give you an insight of the recent monetary position of the company. To help you administer and update your accounts and books in a timely manner, Ed Lloyd CPA brings to you its top-quality accounting services.

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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.

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Ed LLoyd & Associates PLLC Explains Best Tax Planning Techniques for Working Senior Citizens

In the present time, senior citizens are fast becoming the major group in the demography of United States. It is expected that by the year 2030, more than 70 million people will cross the age of 65 in USA. This increase in the number of senior citizens makes it imperative to have special tax laws for the older generation of the country. Continue reading