Operating expenses for low-income housing tax credit properties increased by 2.98 percent in 2013, or approximately $130 per unit, according to a report released by Novogradac & Company LLP. The 2015 edition of the report, “Novogradac Multifamily Rental Housing Operating Expense Report—Survey and Analysis for LIHTC Properties,” reveals that operating expenses for LIHTC properties grew slightly faster in 2013 than the annualized growth rate of 2.82 that LIHTC properties experienced from 2010 to 2013. To provide insight into national and regional operating expense trends, Novogradac & Company LLP collected data, categorized that data based on accepted operating expense line items and analyzed the information. The report uses data from more than 2,100 properties that include more than 241,000 individual units to illustrate how rental housing properties’ operating expenses differ over time as well as by property size, type and location. For more details and a copy of the report, please go to www.taxcredithousing.com.
Cross, Fernandez & Riley announced that it is a founding sponsor of the new Women's Business Center, weVENTURE, located in downtown Orlando. weVENTURE Orlando is part of a network of business centers across Central Florida powered by Florida Institute of Technology. The sponsorship is part of C/F/R's ongoing WHO (Women Having Opportunities) Initiative. Operated by Florida Tech and led by director Shea Glenny, the center will serve Lake, Orange, Osceola, Volusia and Seminole counties and focus on fostering economic vitality by increasing the impact of women-owned companies in Central Florida. It will provide new and synergistic programs to propel these companies forward in all industry sectors. Given the prevalence of technology in today's economy, the center will also provide unique expertise to leverage and enable technology for innovation and growth.
The Illinois CPA Society’s Young Professionals Leadership Conference, will take place on June 5 and will host a summer workshop series, positions the next generation of finance and accounting professionals for future success, and this year’s events feature strategies to develop “clout-ability”—confidence, credibility, and integrity in personal and professional values and behaviors. Keynote speaker and former “The Apprentice” winner and New York Times bestselling author, Bill Rancic, will offer a first-hand account of the importance of everyday choices in our personal and professional lives. The Integrity Factor panel, featuring a Clerk of the Circuit Court of Cook County, Director of Finance for the Chicago Bulls, and a Director at Crowe Horwath and former FBI agent, will discuss why trust and reputation matter in any professional setting and how to gain the skills to reinforce your integrity. Its “Clout-ability” Summer Workshop Series will build upon the clout and credibility concepts and techniques espoused during the June 5 conference. Two workshops, Effective Communication and Presentation Skills are facilitated by improve it! and are available in Chicago and Oak Brook, IL. A final workshop, Strengths Finder: Leveraging your Strengths for Success, features a personal assessment test which will outline your strengths and help you focus on developing your skill-set to enhance your career. Seats are limited for the Illinois CPA Society’s Young Professionals Leadership Conference and summer workshop series. Visit http://www.icpas.org/YPclout.htm or call 800-993-0393 to register. The half-day conference is $75 for members and $95 for non-members (includes breakfast). The summer workshop series is $50 per session and is open to members and non-members.
Reinsel Kuntz Lesher LLP is growing its services aimed at assisting companies in managing and mitigating risk with the establishment of its new Business Risk Services Practice.
HLB International signed a new member in South Sudan: HLB Oryem. Established in 2007 and based in Juba, the capital and largest city of South Sudan, HLB Oryem provides audit, accounting and tax services to a variety of clients including private companies, particularly in the bank and insurance sector, family-owned businesses, and NGOs and microfinance institutions. South Sudan became an independent state in 2011 and is the destination of growing foreign investment, especially from China, in the oil sector. This makes HLB Oryem a valuable addition to the HLB network, in addition to the fact that the firm already has referred businesses relationships with HLB members in the Middle East.
PwC is hosting the webcast: Tax function of the future on Wednesday, June 3 at 12 p.m. ET. Speakers will discuss the vision for the future tax function when it comes to regulation, risk, data, technology, process and people. Registration is now taking place. Click here for more details.
E-mail your firm announcements to Tamika.Cody@sourcemedia.com.
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