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Announcements & News

Sandi Thorman, Cpa, With Greerwalker Llp Wins 2013 Women To Watch Awards

NCACPA, in partnership with the AICPA and its Women’s Initiatives Committee, is pleased to announce the winners of the 2013 Women to Watch Awards. These awards recognize women who have made significant contributions to the accounting profession, their organizations, and to the development of women CPAs as leaders.

Members of the Professional Women’s Task Force read, reviewed, and rated each nomination based on a rubric.

The winners for this year’s awards are:

Emerging Leader – Melisa Galasso, CPA, Cherry Bekaert, LLP
Experienced Leader – Sandi Thorman, CPA, GreerWalker LLP

Recipients of the awards will be recognized at the Women to Watch Awards luncheon on October 22, 2013, at NCACPA’s Professional Women’s Conference. We encourage you to register for this outstanding conference. Or, if you would like to attend just the luncheon portion as our guest, please email Ashley Squier atasquier@ncacpa.org by October 11.

Phantom Income Triggered By Debt Transactions

By: Bobbi Jo Lazarus, CPA

Recent changes with commercial lending requirements have driven some real estate investors to develop new approaches to investing in real estate.   While these approaches may give way to significant earnings, investors should be aware of events that could also trigger phantom taxable income.

The continued increase of distressed loans on lenders’ balance sheets, matched with the increase in required equity and occupancy rates for traditional financing, some real estate investors have found that it is more beneficial to purchase these distressed loans directly from the bank at a significantly reduced price.   While the reduced price can be very appealing, future transactions or modifications can lead to unforeseen taxable income.

Click here to read the full article.

 

Bridging The C-suite Gap – Deadline Extended To May 31st

Many have expressed an interest in the Executive Mentoring Program but have not had the chance to complete an application. Therefore, we have extended the deadline to May 31st to give more women the opportunity to apply for the 2013-14 class of Bridging the C-Suite Gap Executive Mentoring Program mentees. Please take advantage of this extension to submit an application today for a program which can help advance your career and leadership skills.

For more information or to apply, please click here.

Please fee free to contact Bobbi Jo Lazarus, chair of the Leadership Development Committee, if you have any questions or would like assistance with your application.

Elliott Davis To Open Raleigh Office Through Combination With Lunsford & Strickland

The shareholders of Elliott Davis, LLC/PLLC and Lunsford & Strickland, P.A. are pleased to announce they have voted to combine their firms effective July 1, 2013.

The combination will establish a Raleigh office for Elliott Davis, one of the largest accounting, tax and consulting services firms in the Southeast.

“We have served Triangle-based clients for years; therefore, Raleigh is a strategic opportunity and prime location for us,” said Elliott Davis Managing Shareholder Rick Davis. “By joining forces with Lunsford & Strickland, Elliott Davis will add top caliber talent who will help us seed and grow an even more significant local presence in the near term.”

Click here to read the full press release.

Crew Network Foundation Scholarship Deadline Is Fast Approaching

The CREW Network Foundation Scholarship deadline is April 26th. This is a fantastic opportunity for a young women in college pursuing a career in any field of commercial real estate (legal, development, brokerage, finance, architecture, interior design, engineering, construction, etc.). Scholarships are a minimum of $5,000.  Please take a moment to think of someone who would benefit from it!  

For more information, please visit  https://www.crewnetwork.org/CZ_scholarships.aspx?id=257.

 
For additional assistance please contact Patty Drummond.

Six Crew Charlotte Members Named As Mecklenburg Times 50 Most Influential Women

CREW’s Leadership Development Committee supports its outstanding members through nomination in the  region’s premier industry awards.  This year CREW is pleased to announce that 6 CREW members have been named as The Mecklenburg Times 50 Most Influential Women.   The Mecklenburg Times is a gold sponsor of CREW and we appreciate the opportunity to partner with them on this event. A  black tie celebration will take place to honor this year’s recipients on Friday May 31st. 
 
You can find more information on the event at www.mecktimes.com  

Our CREW member winners are:

Liz Etheredge, Mecklenburg Paint Company
Lisa Fry, Cassidy Turley
Kati HynesThe Charlotte Chamber of Commerce
Marie McLucas, Primax Properties
Cheryl Steele, Horack Talley
Cindy Wolfe, Bank of the Ozarks

Four New Tenants Moving To Harris Corners

Four new tenants will be moving to Harris Corners Corporate Park this spring, and two existing tenants have renewed their leases.

The new leases and renewals total 74,180 square feet, according to New Boston Fund Inc., the real estate investment firm that purchased the three-building park in 2011. The multi-year leases bring the occupancy rate at Harris Corners to 90%.
To read the complete article, please click here.

Crew Charlotte Member Daniel Merlin Named To Rising Stars List

Greg Ahlum, Jim Allison, Bob Burchette, David Carson, Ray Farris, Patrick Kelly, David Lewis, John Morrice, Gary Welch, Marty White and Mike Wilson of Johnston Allison & Hord were selected as 2013 Super Lawyers by Super Lawyers magazine. Jon Coffin, Ryan Hoffman, William Isenhour, Trey Lindley, Daniel Merlin, Holly Norvell and Kerry Traynum were named North Carolina 2013 Rising Stars.

Read more here:http://www.charlotteobserver.com/2013/03/02/3890463/career-almanac.html##storylink=cpy

An Even Bigger 2013

Last year, Charlotte office and industrial saw steady absorption and investment. The momentum is still there, according to Cushman & Wakefield Thalhimer specialists, as long as the wheels don't fall off the economy again. (For the 224th straight year, there was no coup d'etat during a State of the Union, so we're off to a good start.)

 
To read the full article, please click here

A 92 Year-old Solution For Real Estate Investors Facing Higher Taxes In 2013

The familiar adage, “It’s not how much you make, but how much you keep” rings truer than ever for real estate investors in 2013. Not only have capital gain taxes increased significantly for high earners, but many investors below the top tax bracket face an additional 3.8% surtax on passive investment income like capital gains. Fortunately, IRC Section 1031, a provision which has been in the tax code since 1921, provides critically needed tax relief.

Under the American Taxpayer Relief Act of 2012, the top capital gain tax rate has been permanently increased to 20% (up from 15%) for single filers with incomes above $400,000 and married couples filing jointly with incomes
exceeding $450,000. In addition, the new IRC Section 1411 3.8% Medicare surtax on net investment income, which includes capital gains, results in an overall rate for higher-income taxpayers of 23.8% — a staggering 58% increase
from 2012 tax rates!

 
To read the complete article, please click here.