TCI Business Capital to Exhibit at Staffing World 2017

BURNSVILLE, Minn. (PRWEB) October 19, 2017

TCI Business Capital will exhibit in booth 1204 at Staffing World 2017. This year’s event will take place October 24-26 in Chicago at the McCormick Place Convention Center. Staffing World 2017 is said to be the largest expo in the staffing and recruiting industry with an expected attendance of around 2,000 people.

Senior Vice Presidents of Business Development Greg DeBenedetto and Kelly Nelson will represent TCI Business Capital and are available to speak to attendees and other exhibitors about our payroll funding (invoice factoring) solutions which provide staffing agencies the working capital they need to meet payroll, accept more contracts and grow.

“We know that having a dependable source of payroll funding is one of the most important aspects of operating a staffing agency. Our invoice factoring solutions provide instant cash flow so agencies have the confidence their payroll is met.” – Kelly Nelson, Senior Vice President of Business Development

“We’re looking forward to exhibiting at Staffing World 2017 and speaking to companies about how they can grow their agencies through our payroll funding solution.” – Greg DeBenedetto, Senior Vice President of Business Development

About TCI Business Capital

TCI Business Capital is a privately held financial services company founded in 1994. The company provides a full range of business financial services including: payroll funding, invoice factoring, accounts-receivable management, asset-based lending, collection services, credit analysis, risk assessment, treasury and more. TCI Business Capital is proud to be recognized for its reliability, flexibility, responsiveness, innovative products, customer service and exemplary corporate citizenship. For more information, visit tcicapital.com.

Read the full story at http://www.prweb.com/releases/2017/10/prweb14812480.htm

New Fed Mortgage Voted Best Mortgage Company of 2017

Danvers, MA (PRWEB) October 19, 2017

New Fed Mortgage Corp., a multi-state residential Massachusetts based lender is proud to share their recognition of nominated best Mortgage Company in Massachusetts by the readers of Banker & Tradesman. Bankers & Tradesman recently conducted an online survey in mid-July of its readers to cast their votes for the best providers of services and goods in the banking and real estate professions. The poll measured the loyalty and satisfaction readers have and was an opportunity for thousands to cast their votes for those companies they believe are the best.

About Banker & Tradesman and the Warren Group

Banker and Tradesman is a weekly newspaper featuring financial services and real estate publication of The Warren Group, based in Boston, has been featuring information to all of New England since 1872. The Warren Group collects and compiles data on real estate sales and ownership. The company offers a range of real estate products, information services in print as well as online publications including the Commercial Record. The company also produces and organizes trade shows and events for a variety of industries including bankers, mortgage brokers, credit unions and lawyers.

About NewFed Mortgage Corp.

NewFed Mortgage has specialized in residential retail mortgage lending since 2001 and is licensed in seven states. New Fed offers Conventional, Jumbo, FHA, VA, USDA, Portfolio lending, and State Housing programs. Products range from 1st time home buyer programs with little or “0” down, “pick your term” traditional fixed rate products, ARM programs, rehab loans, and 203K renovation loans.

New Fed Mortgage President, Brian D’Amico, commented, “I am very proud of being president of New Fed and it’s nice to know that our hard work and determination is being noticed within our industry.” Charlie Erbafina, VP of Secondary comments “It takes maximum effort by everyone I work with at New Fed in order to receive the Best of 2017” and John Wight, VP of Lending also commented “Voted the Best Lender is great recognition for our team and a proud achievement for all of us”.

The advantage of being a locally based regional lender unlike most big banks, New Fed’s focus is solely just on mortgage lending and maintains a family style atmosphere. NewFed takes an all-in team approach right from the very beginning of the process with personalized, open communication through loan processing to loan closing.

For more information contact:

New Fed Mortgage Corp.

877-639-3331 or visit http://newfed.com

NewFed™ Mortgage Corp. was founded in 2001 as a residential mortgage lender. NMLS#1881 MA License No. MC1881, CT License ML-1881, NH License No. 9474-MB, RI License No. 20041817LL, NJ Residential Mortgage Lender License, FL License No. MLD652, Maine Lender License#SLM8185.NewFED™ Mortgage is an Equal Housing Lender. Member of the MA Mortgage Bankers Association and Better Business Bureau of Eastern MA.

Read the full story at http://www.prweb.com/releases/2017/10/prweb14813895.htm

Lifetime Gifts Compared to Post Death Transfers of California Real Property Tip Sheet by Deed and Record

Huntington Beach, CA (PRWEB) October 19, 2017

In anticipation of death an owner of California real property can either gift while living the property or plan by Will or Trust for the transfer to occur after death. This Tip Sheet by Deed and Record explains the tax, control and Medi-Cal eligibility consequences of the two approaches.

In California property taxes are assessed at about one percent of the purchase price of the real property plus nominal annual increases. This is the property tax base. A gift while living will increase the property tax base to fair market value. Post death transfers delay the property tax base increase to the date of death.

There are exceptions to the property tax base increase such as spousal transfers and transfers between parents and children so the property tax increase for these transfers is not an issue. For all others, most likely, the property tax bill will increase. For all lifetime transfers the biggest problem is capital gains that results from application of the gift and estate tax.

A gift of real property is subject to the gift and estate tax. This is not an issue for most people as the exemption amount is over five million dollars and so no gift tax is assessed. But in the gift tax assessment process the purchase price of the original owner is transferred to the new owner. On the sale of the gifted property, a capital gains tax is assessed on the difference between the original purchase price and sales price.

Post death transfers are also subject to the gift and estate tax, but again this is not an issue for most people because the exemption is over five million dollars. The difference in post death transfers compared to lifetime transfers in application of the gift and estate tax is the basis for capital gains tax becomes the fair market value as of date of death. Post death transfers of real property can avoid substantial capital gains tax compared to lifetime transfers.

An additional problem for a lifetime gift is Medi-Cal eligibility. The timing of the transfer may disqualify the owner for Medi-Cal because of the look back period for assets transfers. Regardless of taxes and Medi-Cal the biggest problem with lifetime transfers is the loss of control.

When a person gives away real property or a portion of the real property, he or she no longer has the ability to live in the house, sell the house or borrow money on the house without the new owner’s consent. Post death transfers do not relinquish control.

In planning for death, an owner of real property can either gift the property while living or plan for a post death transfer. Gift transfers relinquish control, may increase in property taxes, will in a future sale incur higher capital gains tax and may hinder Medi-Cal eligibility. Post death transfers such as Wills and trusts do not have these problems.

This Tip Sheet is provided by Mark W. Bidwell, a licensed attorney in California. Office is located at 4952 Warner Avenue, Suite 235, Huntington Beach, California 92649. Phone is 714-846-2888.

Read the full story at http://www.prweb.com/releases/2017/10/prweb14788383.htm