Market Pulse Report Second Quarter 2014
|
|
|
- Berenice Young
- 5 years ago
- Views:
Transcription
1 Market Pulse Report Second Quarter 2014 Scott Bushkie, CBI, M&AMI, IBBA Marketing Chair Lisa Riley, Ph.D. IBBA Marketing Chair Craig Everett, Ph.D., MBA Assistant Professor of Finance Director, Pepperdine Private Capital Markets Project 1
2 This research was made possible with the support of the International Business Brokers Association (IBBA) and M&A Source. 2
3 ACKNOWLEDGEMENTS We d also like to thank the following people at The Graziadio School of Business and Management for their contributions: Dean Linda Livingstone Associate Dean David M. Smith Mike Sims, Executive Officer, CER John K. Paglia, Associate Professor of Finance Douglass Gore, Director of Public Relations Mark Chun, Director, Center for Applied Research Bill Bleuel, Professor of Decision Sciences Irina Shaykhutdinova, Research Analyst 3
4 Outline I. About the Market Pulse Report II. Current Business Environment... 7 III. Business Transactions Closed in the Last 3 Months.11 IV. Business Transactions Terminated in the Last 3 Months..96 V. Business Expectations VI. About the respondents
5 I. About the Market Pulse Report The International Business Brokers Association (IBBA) and M&A Source, in partnership with Pepperdine Private Capital Markets Project, have set a goal to provide quality information on a quarterly basis in order to become the go-to source for Main Street and Lower Middle Market transactions. The Market Pulse Report gives you timely and accurate data to help you build and maintain a successful and sustainable business. 5
6 About the Survey 25 questions Invited participants were members of the International Business Brokers Association (IBBA), IBBA Affiliates/Chapters, and/or M&A Source 202 completed responses Responses collected from July 1 to July 15,
7 IV. Current Business Environment 7
8 Currently Active Business Transactions / Engagements by Deal Size Deals valued under $499,999 Deals valued from $500,000 to $999,999 Deals valued from $1 million to $1.99 million Deals valued from $2 million to $4.99 million Deals valued from $5 million to $50 million % 53% 17% 12% 11% 7% 8
9 Business Transactions That Are Currently in Escrow/Accepted LOI/Due Diligence by Deal Size Deals valued under $499,999 Deals valued from $500,000 to $999,999 Deals valued from $1 million to $1.99 million Deals valued from $2 million to $4.99 million Deals valued from $5 million to $50 million % 11% 15% 17% 7% 9
10 Percentage of Baby Boomers as New Clients % Of your new listing clients in 2014, what percentage are Baby Boomers? 39% Of your new 'buyer' clients in 2014, what percentage are Baby Boomers? 10
11 II. Business Transactions Closed in the Last 3 Months 11
12 Number of Business Transactions Closed by Respondents in the Last 3 Months >10 Number of Respondents Number of responses =
13 Change in the Number of New Clients by Deal Size in The Last 3 Months Deal size Greatly decreased Decreased Stayed the same Increased Greatly increased Score (1 to 5) Deals valued under $499,999 2% 11% 35% 46% 5% 3.3 Deals valued from $500,000 to $999,999 Deals valued from $1 million to $1.99 million Deals valued from $2 million to $4.99 million 4% 15% 41% 37% 4% 3.5 3% 9% 47% 41% 1% 3.6 5% 44% 2% 3.5 Deals over $5 million 5% 12% 36% 7%
14 In the Past 3 Months, Best Client Arrived by: Referral 5% 5% 5% 3% 7% Networking Company branding 6% 6 Cold calling Target mailer Publication/media source General mailer Other Number of responses =
15 Types of Referrals 12% Past client 13% 41% Attorney 18% Financial advisor Accountant 15
16 Was it Buyer s or Seller s Market in the Last 3 Months? Deals valued under $499,999 Deals valued from $500,000 to $999,999 Deals valued from $1 million to $1.99 million Deals valued from $2 million to $4.99 million Deals valued from $5 million to $50 million Buyer's market 69% 53% 53% 49% 31% Seller's market 31% 47% 48% 51% 69% Number of responses
17 Reasons For The Robust Activity In Today s Market More buyers Better performing businesses Stronger confidence/less uncertainty More sellers Low interest rates/cheap money More aggressive financing Excessive cash on corporate balance sheets % 19% 18% 17% 9% 3% 3% Other 17
18 Number of Clients Who Tried to Sell Their Business On Their Own Prior to Contacting Respondents % 44% 32% 12% 5% 2% 3% 1% 1% 1% 18
19 Number of Clients Who Tried to Sell Their Business Via Another Broker Prior to Contacting Respondents % 51% 29% 11% 5% 1% 2% 1% 19
20 Number of Clients Who Approached by a Buyer Prior Contacting Respondents % 47% 26% 21% 3% 1% 2% 20
21 Number of Clients Who Approached by Another Broker Prior to Contacting Respondents % 35% 24% 9% 4% 4% 2% 1% 1% 21
22 Business Transactions Closed in the Last 3 Months by Deal Size Deals valued under $499,999 Deals valued from $500,000 to $999,999 Deals valued from $1 million to $1.99 million Deals valued from $2 million to $4.99 million Deals valued from $5 million to $50 million % 57% 17% 16% 6% 4% 22
23 Business Transactions of All Sizes, Comparison 23
24 Median Time to Close a Deal (Months) < 500K 500K - 1M 1M - 2M 2M - 5M 5M - 50M 24
25 Median SDE Multiple Paid < 500K 500K - 1M 1M - 2M 25
26 Median EBITDA Multiple Paid < 500K 500K - 1M 1M - 2M 2M - 5M 5M - 50M 26
27 Multiple Type < 500K 500K - 1M 1M - 2M 2M - 5M 5M - 50M SDE including working capital 15% 16% 26% SDE not including working capital 65% 46% 47% 9% EBITDA including working capital 3% 11% 36% EBITDA not including working capital 16% 24% 5% 36% TTM EBITDA including working capital 11% 18% TTM EBITDA not including working capital 3% 11% 27
28 Buyer Type < 500K 500K - 1M 1M - 2M 2M - 5M 5M - 50M 1st time individual 55% 49% 32% 64% individual who owned a business 32% 31% 21% 27% 25% existing company/strategic buyer 11% 17% 42% 9% 25% PE firm - Platform 5% PE firm - Add-on Other 2% 3% 28
29 #1 Reason for Seller to Go to Market < 500K 500K - 1M 1M - 2M 2M - 5M 5M - 50M Acquisition 1% 3% 5% 9% Burnt out 18% 11% 11% Family issues 15% 6% 18% Health 12% 9% 5% New opportunity 18% 29% 16% 9% Potential taxes increases Relocation/moving 11% 11% 5% 9% Retirement 18% 29% 53% 36% 25% Unsolicited offer 9% 25% Other 6% 3% 5% 9% 29
30 #1 Motivation for Buyer < 500K 500K - 1M 1M - 2M 2M - 5M 5M - 50M Buying a job 56% 34% 5% 18% Better ROI than other investment 29% 11% 36% Vertical add-on 8% 17% 16% 18% Horizontal add-on 13% 11% 42% 18% 25% Other 13% 9% 26% 9% 75% 30
31 Financing Structure < 500K 500K - 1M 1M - 2M 2M - 5M 5M - 50M Buyers equity 73% 54% 64% 62% 25% Senior debt 21% 27% 23% 43% Seller financing 13% 18% 9% Earn out 3% 1% 1% 27% Seller retained equity 1% 2% 3% 5% Mezzanine financing Other 2% 2% 1% 31
32 Source of Buyers Equity < 500K 500K - 1M 1M - 2M 2M - 5M 5M - 50M Cash 77% 69% 77% 64% 401K/IRA Rollover 7% 5% Home Equity Line of Credit (HELOC) 5% 5% Investors - family/friends 9% 5% 14% Investors - other 5% 14% 21% Other 2% 32
33 II-I Business Transactions Valued under $499,999 33
34 Time to Close 45% 35% 25% 15% 5% < 1 month 1 month 2 months 3 months 4 months 5 months 6 months Deals under 500K 11% 7% 26% 13% 4% 6% 11% 7% 3% 2% 2% 2% 2% 3% 1% 2% 7 months 8 months 9 months 10 months Number of closed transactions = months 12 months years years > 2 years 34
35 Industry 45% 35% 25% 15% 5% Services - personal Restaurants Consumer goods & Retail Business services Health care & biotech Construction & engineering Wholesale & distribution Services - financial Number of closed transactions = 123 Manufact. Information technology Basic materials & energy Deals under 500K 23% 22% 13% 9% 5% 5% 4% 3% 3% 1% 1% 11% Other 35
36 SDE Multiple Paid 45% 35% 25% 15% 5% Deals under 500K 6% 4% 1% 5% 4% 12% 13% 15% 7% 7% 5% 2% 6% 1% 1% Number of closed transactions = 99 36
37 EBITDA Multiple Paid 45% 35% 25% 15% 5% Deals under 500K 8% 4% 8% 4% 8% 4% 8% 4% 25% 4% 8% 4% 8% Number of closed transactions = 24 37
38 Multiple Type SDE including working capital SDE not including working capital EBITDA including working capital Number of closed transactions = 123 EBITDA not including working capital Deals under 500K 15.4% % 16.3% 38
39 Buyer Type: Deals <$500, % 1st time individual 11.3% individual who owned a business 32.2% 54.8% existing company/strategic buyer Other Number of closed transactions =
40 #1 Reason for Seller to Go to Market 45% 35% 25% 15% 5% Retirement Burnt out New/better Family issues Health Relocation/mo Recapitalizatio Other opportunity ving n Deals under 500K 18% 18% 18% 15% 12% 11% 1% 6% Number of closed transactions =
41 Buyer Location (Distance) 45% 35% 25% 15% 5% within 20 miles within 50 miles within 100 miles more than 100 miles Deals under 500K 22% 3% 24% Number of closed transactions =
42 Buyer Location (Global) 45% 35% 25% 15% 5% within city within state within country international buyer Deals under 500K 43% 28% 19% Number of closed transactions =
43 #1 Motivation for Buyer 45% 35% 25% 15% 5% Buying a job Horizontal add-on Better ROI than other Vertical add-on Other investment Deals under 500K 56% 13% 8% 13% Number of closed transactions =
44 Financing Structure Buyers equity Seller financing Senior debt Seller retained equity Other Deals under 500K 73% 13% 1% 2% Number of closed transactions =
45 Source of Buyers Equity (Multiple Choices) Cash 401K/IRA Rollover Home Equity Line of Investors - Other Credit (HELOC) family/friends Deals under 500K % 5.3% 8.8% 1.8% Number of responses =
46 II-II Business Transactions Valued from $500,000 to $999,999 46
47 Time to Close 45% 35% 25% 15% 5% 1 month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9 months 11 months 12 months years Deals from $500K to $1M 5% 16% 14% 5% 14% 8% 3% 5% 3% 3% 16% 8% Number of closed transactions = 37 47
48 Industry 45% 35% 25% 15% 5% Consumer goods & Retail Business services Services - personal Restaurants Wholesale & distribution Health care & biotech Construction & engineering Number of closed transactions = 37 Services - financial Information technology Deals under 500K 19% 16% 8% 8% 8% 5% 5% 5% 3% 22% Other 48
49 SDE Multiple Paid 45% 35% 25% 15% 5% Deals from $500K to $1M 4% 4% 17% 13% 13% 35% 4% 4% 4% Number of closed transactions = 23 49
50 EBITDA Multiple Paid 45% 35% 25% 15% 5% >10 Deals from $500K to $1M 7% 7% 7% 7% 7% 14% 14% 14% 7% 7% 7% Number of closed transactions = 14 50
51 Multiple Type SDE including working capital SDE not including working capital EBITDA including working capital Number of closed transactions = 37 EBITDA not including working capital TTM EBITDA not including working capital Deals from $500K to $1M 16.2% 45.9% 10.8% 24.3% 2.7% 51
52 Buyer Type: Deals $500,000 - $999, % 1st time individual 17.1% 48.6% individual who owned a business 31.4% existing company/strategic buyer Other Number of closed transactions = 35 52
53 #1 Reason for Seller to Go to Market 45% 35% 25% 15% 5% Retirement New/better opportunity Burnt out Relocation/m oving Number of closed transactions = 35 Health Family issues Recapitalizati on Deals from $500K to $1M 29% 29% 11% 11% 9% 6% 3% 3% Other 53
54 Buyer Location (Distance) 45% 35% 25% 15% 5% within 20 miles within 50 miles within 100 miles more than 100 miles Deals from $500K to $1M 43% 31% 6% Number of closed transactions = 35 54
55 Buyer Location (Global) 45% 35% 25% 15% 5% within city within state within country international buyer Deals from $500K to $1M 34% 46% 17% 3% Number of closed transactions = 35 55
56 #1 Motivation for Buyer 45% 35% 25% 15% 5% Buying a job Horizontal add-on Better ROI than other Vertical add-on Other investment Deals from $500K to $1M 34% 11% 29% 17% 9% Number of closed transactions = 35 56
57 Financing Structure Buyers equity Senior debt Seller financing Earn out Seller retained Other equity Deals from $500K to $1M 54% 21% 18% 3% 2% 2% Number of closed transactions = 34 57
58 Source of Buyers Equity Cash 401K/IRA Rollover Investors - Home Equity Line of Investors - other family/friends Credit (HELOC) Deals from $500K to $1M 69.2% 10.3% 10.3% 5.1% 5.1% Number of responses = 39 58
59 II-III Business Transactions Valued from $1 Million to $1.99 Million 59
60 Time to Close 45% 35% 25% 15% 5% 1 month 2 months 6 months 8 months 9 months 12 months years years Deals from $1M to $2M 21% 16% 16% 11% 11% 11% 11% 5% Number of closed transactions = 19 60
61 Industry 45% 35% 25% 15% 5% Business services Health care & biotech Consumer goods & Retail Number of closed transactions = 19 Services - personal Wholesale & distribution Other Deals from $1M to $2M 21% 16% 11% 11% 11% 32% 61
62 SDE Multiple Paid 45% 35% 25% 15% 5% Deals from $1M to $2M 21% 7% 7% 14% 29% 14% 7% Number of closed transactions = 14 62
63 EBITDA Multiple Paid 45% 35% 25% 15% 5% Deals from $1M to $2M Number of closed transactions = 5 63
64 Multiple Type SDE including working capital SDE not including working capital EBITDA not including working capital Number of closed transactions = 19 TTM EBITDA including working capital TTM EBITDA not including working capital Deals from $1M to $2M 26.3% 47.4% 5.3% 11% 10.5% 64
65 Buyer Type: Deals $1 Million - $1.99 Million 1st time individual 42.1% 5.3% 31.6% individual who owned a business 21.1% existing company/strategic buyer PE firm - Platform Number of closed transactions = 19 65
66 #1 Reason for Seller to Go to Market 45% 35% 25% 15% 5% Retirement New/better opportunity Burnt out Relocation/movi ng Number of closed transactions = 19 Health Recapitalization Other Deals from $1M to $2M 53% 16% 11% 5% 5% 5% 5% 66
67 Buyer Location (Distance) 45% 35% 25% 15% 5% within 20 miles within 50 miles within 100 miles more than 100 miles Deals from $1M to $2M 63% 5% 5% 26% Number of closed transactions = 19 67
68 Buyer Location (Global) 45% 35% 25% 15% 5% within city within state within country international buyer Deals from $1M to $2M 42% 26% 16% 16% Number of closed transactions = 19 68
69 #1 Motivation for Buyer 45% 35% 25% 15% 5% Horizontal add-on Better ROI than other Vertical add-on Buying a job Other investment Deals from $1M to $2M 42% 11% 16% 5% 26% Number of closed transactions = 19 69
70 Financing Structure Buyers equity Senior debt Seller financing Earn out Deals from $1M to $2M 64% 27% 9% 1% Number of closed transactions = 19 70
71 Source of Buyers Equity Cash Investors - other 401K/IRA Rollover Investors - family/friends Deals from $1M to $2M 77.3% 13.6% 4.5% 4.5% Number of responses = 22 71
72 II-IV Business Transactions Valued from $2 Million to $4.99 Million 72
73 Time to Close 45% 35% 25% 15% 5% 2 months 3 months 4 months 5 months 6 months 7 months 8 months 10 months years Deals from $2M to $5M 9% 18% 9% 9% 9% 9% 18% 9% 9% Number of closed transactions = 11 73
74 Industry 45% 35% 25% 15% 5% Wholesale & distribution Manufact. Business services Health care & biotech Consumer goods & Retail Number of closed transactions = 11 Restaurants Deals from $2M to $5M 27% 27% 9% 9% 9% 9% 9% Information technology 74
75 EBITDA Multiple Paid 45% 35% 25% 15% 5% Deals from $2M to $5M Number of closed transactions = 10 75
76 Multiple Type SDE not including working capital EBITDA including working capital EBITDA not including working capital Number of closed transactions = 11 TTM EBITDA including working capital Deals from $2M to $5M 9.1% 36.4% 36.4% 18% 76
77 Buyer Type: Deals $2 Million - $4.99 Million 9.1% individual who owned a business 27.3% 63.6% existing company/strategic buyer PE firm - Platform Number of closed transactions = 11 77
78 #1 Reason for Seller to Go to Market 45% 35% 25% 15% 5% Retirement Family issues New/better Relocation/moving Recapitalization Other opportunity Deals from $2M to $5M 36% 18% 9% 9% 9% 9% Number of closed transactions = 11 78
79 Buyer Location (Distance) 45% 35% 25% 15% 5% within 50 miles within 100 miles more than 100 miles Deals from $2M to $5M 45% 18% 36% Number of closed transactions = 11 79
80 Buyer Location (Global) 45% 35% 25% 15% 5% within state within country international buyer Deals from $2M to $5M 36% 55% 9% Number of closed transactions = 11 80
81 #1 Motivation for Buyer 45% 35% 25% 15% 5% Better ROI than other Horizontal add-on Vertical add-on Buying a job Other investment Deals from $2M to $5M 36% 18% 18% 18% 9% Number of closed transactions = 11 81
82 Financing Structure Buyers equity Senior debt Seller financing Seller retained Earn out Other equity Deals from $2M to $5M 62% 23% 3% 1% 1% Number of closed transactions = 11 82
83 Source of Buyers Equity Cash Investors - other Investors - family/friends Deals from $2M to $5M 64.3% 21.4% 14.3% Number of responses = 14 83
84 II-V Business Transactions Valued Over $5 Million 84
85 Time to Close 45% 35% 25% 15% 5% 2 months 3 months 9 months 12 months Deals from $5M to $50M 25% 25% 25% 25% Number of closed transactions = 4 85
86 Industry 45% 35% 25% 15% 5% Business services Manufact. Consumer goods & Retail Deals from $5M to $50M 25% 25% Number of closed transactions = 4 86
87 EBITDA Multiple Paid 45% 35% 25% 15% 5% Deals from $5M to $50M 25% 25% Number of closed transactions = 4 87
88 Multiple Type EBITDA not including working capital TTM EBITDA including working capital Deals from $5M to $50M 50. Number of closed transactions = 4 88
89 Buyer Type: Deals > $5 Million 25. individual who owned a business existing company/strategic buyer PE firm - Platform Number of closed transactions = 4 89
90 #1 Reason for Seller to Go to Market 45% 35% 25% 15% 5% Family issues Retirement Deals from $5M to $50M 25% Number of closed transactions = 4 90
91 Buyer Location (Distance) 45% 35% 25% 15% 5% within 20 miles more than 100 miles Deals from $5M to $50M Number of closed transactions = 4 91
92 Buyer Location (Global) 45% 35% 25% 15% 5% within city within country Deals from $5M to $50M Number of closed transactions = 4 92
93 #1 Motivation for Buyer 45% 35% 25% 15% 5% Horizontal add-on Other Deals from $5M to $50M 25% 75% Number of closed transactions = 4 93
94 Financing Structure Senior debt Earn out Buyers equity Seller retained equity Deals from $5M to $50M 43% 27% 25% 5% Number of closed transactions = 4 94
95 Source of Buyers Equity Cash Investors - other Deals from $5M to $50M Number of responses = 4 95
96 III. Business Transactions Terminated in the Last 3 Months 96
97 Percentage of Business Transactions by Size Terminated Without Closing in the Last 3 Months Deals valued under $499,999 Deals valued from $500,000 to $999,999 Deals valued from $1 million to $1.99 million Total Number of Responses = 83 Deals valued from $2 million to $4.99 million Deals valued from $5 million to $50 million % 78% 4% 6% 8% 4% 97
98 The Biggest Mistake Sellers Make That Hurt Their Chance of Successfully Completing the Deal Unrealistic expectatio ns Emotional ties to business/c an't let go Declining business sales Waiting too long/burnt out Nonrespo nsive/ time lag Poor financial records Negative attitude/e go Deals valued under $499,999 62% 22% 44% 27% 8% 54% 7% 6% 6% Deals valued from $500,000 to $999, % 32% 27% 11% 32% 9% 8% 5% Deals valued from $1 million to $1.99 million 66% 34% 36% 34% 8% 28% 9% 11% 14% Deals valued from $2 million to $4.99 million 61% 29% 24% 23% 24% 12% 13% 13% Deals valued from $5 million to $50 million 54% 25% 25% 19% 18% 15% 7% 16% 6% Other Nothing 98
99 V. Expectations 99
100 Expectations of Business Listings / Engagements from New Clients in the Next 3 Months Deal size Greatly decrease Decrease Stay the same Increase Greatly increase Score (1 to 5) Deals valued under $499, % 32.3% 58.3% 3.1% 3.6 Deals valued from $500,000 to $999, % 22.5% 71.3% Deals valued from $1 million to $1.99 million 1.3% 2.6% 26.9% 66.7% 2.6% 3.7 Deals valued from $2 million to $4.99 million % % 6.6% 3.6 Deals over $5 million % 31.7% 63.4% 2.4%
101 Expectations for Business Valuation Multiples in the Next 3 Months Deal size Greatly decrease Decrease Stay the same Increase Greatly increase Score (1 to 5) Deals valued under $499, % 75.8% 18.9% Deals valued from $500,000 to $999, % 74.7% 21.5% Deals valued from $1 million to $1.99 million 1.3% 2.6% 69.2% 26.9% Deals valued from $2 million to $4.99 million % 73.4% 21.9% Deals over $5 million % %
102 VI. About the Respondents 102
103 103 Details About the Respondents Geographic Location more than 20 CA# OR# WA# MT# ND# MN# ID# WY# SD# NV# UT# AZ# CO# NM# TX# NE# KS# OK# AR# LA# MS# AL# FL# GA# TN# SC# NC# VA# WV# KY# MO# IL# IA# WI# MI# IN# OH# MD# PA# NJ# NY# ME# NH# VT# MA# RI# CT# HI# AK#
104 Details About the Respondents Typical Size of Business Transactions Deals valued under $499,999 Deals valued from $500,000 to $999,999 Deals valued from $1 million to $1.99 million Deals valued from $2 million to $4.99 million Deals valued from $5 million to $50 million Whole sample 52% 44% 43% 35% 22% Total number of responses = 202 * Number is more than number of respondents as many respondents overlap into 2 or 3 areas 104
105 Details About the Respondents Memberships/ Multiple Memberships 6 IBBA M&A Source Business Brokers of Florida California Association of Business Brokers Florida Business Brokers Association Georgia Association of Business Brokers New England Business Brokers Association Colorado Association of Business Intermediaries Carolina - Virginia Business Brokers Association Texas Association of Business Brokers Arizona Business Brokers Association Mid-Atlantic Business Intermediaries Association, Inc. Michigan Business Brokers Association Midwest Business Brokers Intermediaries Ohio Business Brokers Association Pennsylvania Business Brokers Association Other None 7% 6% 4% 4% 3% 2% 2% 1% 1% 1% 1% 1% 1% 5% 27% 29% 105
106 Details About the Respondents Working Experience Less than 1 year 1 year 7% 17% 7% 5% 4% 5% 3% 2 years 3 years 4 years 19% 7% 3% 5% 1% 6% 9% 5 years 6 years 7 years 8 years 9 years 10 years years years > 20 years 106
107 Details About the Respondents Professional Credentials CBI MBA CBB M&AMI CMEA BCI CPA AM&AA CM&AA ABI CMSBB ASA Other None % 43% 25% 9% 7% 5% 4% 3% 2% 1% 1% 1% 23% 23% 107
108 Details About the Respondents 108
109 THANK YOU! Scott Bushkie, CBI, M&AMI, IBBA Marketing Chair Lisa Riley, Ph.D., IBBA Marketing Chair Craig Everett, Ph.D., MBA Assistant Professor of Finance Director, Pepperdine Private Capital Markets Project 109
Market Pulse Report First Quarter 2014
Market Pulse Report First Quarter 2014 Scott Bushkie, CBI, M&AMI, IBBA Marketing Chair Lisa Riley, Ph.D. IBBA Marketing Chair Craig Everett, Ph.D., MBA Assistant Professor of Finance Director, Pepperdine
2014 Economic Forecast: Insights from Small and Mid-Sized Business Owners
2014 Economic Forecast: Insights from Small and Mid-Sized Business Owners Craig Everett, Ph.D., MBA Director, Pepperdine Private Capital Markets Project 03.10.14 PUBLISHED BY 2012-2014 Pepperdine University.
Comparative Revenues and Revenue Forecasts Prepared By: Bureau of Legislative Research Fiscal Services Division State of Arkansas
Comparative Revenues and Revenue Forecasts 2010-2014 Prepared By: Bureau of Legislative Research Fiscal Services Division State of Arkansas Comparative Revenues and Revenue Forecasts This data shows tax
PRODUCER ANNUITY SUITABILITY TRAINING REQUIREMENTS BY STATE As of September 11, 2017
PRODUCER ANNUITY SUITABILITY TRAINING REQUIREMENTS BY STATE As of September 11, 2017 This document provides a summary of the annuity training requirements that agents are required to complete for each
2014 Q1 Private Capital Access Index Report
Pepperdine University Pepperdine Digital Commons Pepperdine Private Capital Access Report 2-1-2014 2014 Q1 Private Capital Access Index Report Craig R. Everett Pepperdine University Follow this and additional
Age of Insured Discount
A discount may apply based on the age of the insured. The age of each insured shall be calculated as the policyholder s age as of the last day of the calendar year. The age of the named insured in the
2015 Economic Forecast: Insights from Small and Mid-Sized Business Owners
2015 Economic Forecast: Insights from Small and Mid-Sized Business Owners Craig Everett, Ph.D., MBA Director, Pepperdine Private Capital Markets Project 02.10.15 PUBLISHED BY 2012 2015 Pepperdine University.
The Acquisition of Regions Insurance Group. April 6, 2018
The Acquisition of Regions Insurance Group April 6, 2018 Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform
Older consumers and student loan debt by state
August 2017 Older consumers and student loan debt by state New data on the burden of student loan debt on older consumers In January, the Bureau published a snapshot of older consumers and student loan
Cost and Coverage Implications of the ACA Medicaid Expansion: National and State by State Analysis
Cost and Coverage Implications of the ACA Medicaid Expansion: National and State by State Analysis Report Authors: John Holahan, Matthew Buettgens, Caitlin Carroll, and Stan Dorn Urban Institute November
INTERNATIONAL BUSINESS BROKERS ASSOCIATION M&A SOURCE PEPPERDINE PRIVATE CAPITAL MARKETS PROJECT MARKETPULSE
INTERNATIONAL BUSINESS BROKERS ASSOCIATION M&A SOURCE PEPPERDINE PRIVATE CAPITAL MARKETS PROJECT MARKETPULSE QUARTERLY SURVEY REPORT FOURTH QUARTER 2013 P E P P E R D I N E PRIVATE CAPITAL MARKETS PROJECT
Property Tax Relief in New England
Property Tax Relief in New England January 23, 2015 Adam H. Langley Senior Research Analyst Lincoln Institute of Land Policy www.lincolninst.edu Property Tax as a % of Personal Income OK AL IN UT SD MS
2016 Workers compensation premium index rates
2016 Workers compensation premium index rates NH WA OR NV CA AK ID AZ UT MT WY CO NM MI VT ND MN SD WI NY NE IA PA IL IN OH WV VA KS MO KY NC TN OK AR SC MS AL GA TX LA FL ME MA RI CT NJ DE MD DC = Under
2015 Q1 Market Pulse Report
Pepperdine University Pepperdine Digital Commons Pepperdine Market Pulse Report 5-18-2015 2015 Q1 Market Pulse Report Craig R. Everett Pepperdine University Follow this and additional works at: http://digitalcommons.pepperdine.edu/gsbm_pcm_pmp
Charles Gullickson (Penn Treaty/ANIC Task Force Chair), Richard Klipstein (NOLHGA)
MEMO DATE: TO: Charles Gullickson (Penn Treaty/ANIC Task Force Chair), Richard Klipstein (NOLHGA) FROM: Vincent L. Bodnar, ASA, MAAA RE: Penn Treaty Network American Insurance Company and American Network
TCJA and the States Responding to SALT Limits
TCJA and the States Responding to SALT Limits Kim S. Rueben Tuesday, January 29, 2019 1 What does this mean for Individuals under TCJA About two-thirds of taxpayers will receive a tax cut with the largest
STATE TAX WITHHOLDING GUIDELINES
STATE TAX WITHHOLDING GUIDELINES ( Guardian Insurance & Annuity Company, Inc. and Guardian Life Insurance Company of America (hereafter collectively referred to as Company )) (Last Updated 11/2/215) state
Florida 1/1/2016 Workers Compensation Rate Filing
Florida 1/1/2016 Workers Compensation Rate Filing Kirt Dooley, FCAS, MAAA October 21, 2015 1 $ Billions 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Florida s Workers Compensation Premium Volume 2.368 0.765 0.034
The Lincoln National Life Insurance Company Term Portfolio
The Lincoln National Life Insurance Company Term Portfolio State Availability as of 7/16/2018 PRODUCTS AL AK AZ AR CA CO CT DE DC FL GA GU HI ID IL IN IA KS KY LA ME MP MD MA MI MN MS MO MT NE NV NH NJ
36 Million Without Health Insurance in 2014; Decreases in Uninsurance Between 2013 and 2014 Varied by State
36 Million Without Health Insurance in 2014; Decreases in Uninsurance Between 2013 and 2014 Varied by State An estimated 36 million people in the United States had no health insurance in 2014, approximately
ACORD Forms Updated in AMS R1
ACORD Forms Updated in AMS360 2017 R1 The following forms will use the ACORD form viewer, also new in this release. Forms with an indicate they were added because of requests in the Product Enhancement
COMPARISON OF ABA MODEL RULE FOR REGISTRATION OF IN-HOUSE COUNSEL WITH STATE VERSIONS
As of September 7, 2016 2016 American Bar Association COMPARISON OF ABA MODEL RULE FOR REGISTRATION OF IN-HOUSE COUNSEL WITH STATE VERSIONS AMERICAN BAR ASSOCIATION CENTER FOR PROFESSIONAL RESPONSIBILITY
Uniform Consent to Service of Process
Applicant Company Name: NAIC No. FEIN: Uniform Consent to Service of Process Original Designation Amended Designation (must be submitted directly to states) Applicant Company Name: Previous Name (if applicable):
Local Anesthesia Administration by Dental Hygienists State Chart
Education or AK 1981 General Both Specific Yes WREB 16 hrs didactic; 6 hrs ; 8 hrs lab AZ 1976 General Both Accredited Yes WREB 36 hrs; 9 types of AR 1995 Direct Both Accredited/ Board Approved No 16 hrs
INTERNATIONAL BUSINESS BROKERS ASSOCIATION M&A SOURCE PEPPERDINE PRIVATE CAPITAL MARKETS PROJECT
INTERNATIONAL BUSINESS BROKERS ASSOCIATION M&A SOURCE PEPPERDINE PRIVATE CAPITAL MARKETS PROJECT MARKETPULSE QUARTERLY SURVEY REPORT THIRD QUARTER 2013 The International Business Broker Association (IBBA)
ehealth, Inc Fall Cost Report for Individual and Family Policyholders
ehealth, Inc. 2010 Fall Cost Report for and Family Policyholders Table of Contents Page Methodology.................................................................. 2 ehealth, Inc. 2010 Fall Cost Report
NCSL Midwest States Fiscal Leaders Forum. March 10, 2017
NCSL Midwest States Fiscal Leaders Forum March 10, 2017 Public Pensions: 50-State Overview David Draine, Senior Officer Public Sector Retirement Systems Project The Pew Charitable Trusts More than 40 active,
Yolanda K. Kodrzycki New England Public Policy Center Federal Reserve Bank of Boston
The Growing Instability of Revenues over the Business Cycle: Putting the New England States in Perspective Yolanda K. Kodrzycki New England Public Policy Center Federal Reserve Bank of Boston Lincoln Institute
Medicare Alert: Temporary Member Access
Medicare Alert: Temporary Member Access Plan Sponsor: Coventry/Aetna Medicare Part D Effective Date: Jan. 12, 2015 Geographic Area: National If your pharmacy is a Non Participating provider in the Aetna/Coventry
Report to Congressional Defense Committees
Report to Congressional Defense Committees The Department of Defense Comprehensive Autism Care Demonstration December 2016 Quarterly Report to Congress In Response to: Senate Report 114-255, page 205,
Eye on the South Carolina Housing Market presented at 2008 HBA of South Carolina State Convention August 1, 2008
Eye on the South Carolina Housing Market presented at 28 HBA of South Carolina State Convention August 1, 28 Robert Denk Assistant Staff Vice President, Forecasting & Analysis 2, US Single Family Housing
State Trust Fund Solvency
Unemployment Insurance State Trust Fund Solvency National Employment Law Project Conference - Washington DC December 7, 2009 Robert Pavosevich pavosevich.robert@dol.gov Unemployment Insurance Program
2018 ADDENDUM INSTRUCTIONS
2018 ADDENDUM INSTRUCTIONS FEBRUARY 22, 2019 UPDATE: 2018 MUNICIPAL REFERENCE BOOK 1. DELAWARE funds are listed on page 15. You may note on page 15 to see the addendum for additional Delaware funds. The
State Treatment of Social Security Treatment of Pension Income Other Income Tax Breaks Property Tax Breaks
State-By-State Tax Breaks for Seniors, 2016 State Treatment of Social Security Treatment of Pension Income Other Income Tax Breaks Property Tax Breaks AL Payments from defined benefit private plans are
SIGNIFICANT PROVISIONS OF STATE UNEMPLOYMENT INSURANCE LAWS JANUARY 2008
U.S. DEPARTMENT OF LABOR EMPLOYMENT AND TRAINING ADMINISTRATION Office Workforce Security SIGNIFICANT PROVISIONS OF STATE UNEMPLOYMENT INSURANCE LAWS JANUARY 2008 AL AK AZ AR CA CO CT DE DC FL GA HI /
RLI TRANSPORTATION A Division of RLI Insurance Company 2970 Clairmont Road, Suite 1000 Atlanta, GA Phone: Fax:
RLI TRANSPORTATION A Division of RLI Insurance Company 2970 Clairmont Road, Suite 1000 Atlanta, GA 30329 Phone: 404-315-9515 Fax: 404-315-6558 AGENCY/BROKER PROFILE Please type your answers. Use a separate
Taxing Investment Income in the States New Hampshire Fiscal Policy Institute 2 nd Annual Budget and Policy Conference Concord, NH January 23, 2015
Taxing Investment Income in the States New Hampshire Fiscal Policy Institute 2 nd Annual Budget and Policy Conference Concord, NH January 23, 2015 Norton Francis State and Local Finance Initiative Urban-Brookings
2018 National Electric Rate Study
2018 National Electric Rate Study Ranking of Typical Residential, Commercial and Industrial Electric Bills LES Administrative Board June 15, 2018 Emily N. Koenig Director of Finance & Rates 1 Why is the
MARKETPULSE Q U A R T E R LY S U R V E Y R E P O R T Q
INTERNATIONAL BUSINESS BROKERS ASSOCIATION M&A SOURCE PEPPERDINE PRIVATE CAPITAL MARKETS PROJECT MARKETPULSE Q U A R T E R LY S U R V E Y R E P O R T Q 2 2 0 1 2 The quarterly International Business Brokers
Tax Breaks for Elderly Taxpayers in the States in 2016
AL Payments from defined benefit private plans are exempt; most public systems are exempt; military and US Civil service are exempt Special Homestead ion for 65+ +25.2% +2.4% AK No PIT Homestead ion for
Percent of Employees Waiving Coverage 27.0% 30.6% 29.1% 23.4% 24.9%
Number of Health Plans Reported 18,186 3,561 681 2,803 3,088 Offer HRA or HSA 34.0% 42.7% 47.0% 39.7% 35.0% Annual Employer Contribution $1,353 $1,415 $1,037 $1,272 $1,403 Percent of Employees Waiving
Executive Summary. Introduction
Date: Regarding: 2014-2017 United States Animal Loss Claims (External Dissemination) Prepared by: David Fennig, Strategic Analyst Executive Summary The purpose of this ForeCAST SM is to analyze claims
Who s Above the Social Security Payroll Tax Cap? BY NICOLE WOO, JANELLE JONES, AND JOHN SCHMITT*
Issue Brief September 2011 Center for Economic and Policy Research 1611 Connecticut Ave, NW Suite 400 Washington, DC 20009 tel: 202-293-5380 fax: 202-588-1356 www.cepr.net Who s Above the Social Security
2016 GEHA. dental. FEDVIP Plans. let life happen. gehadental.com
2016 GEHA dental FEDVIP Plans let life happen gehadental.com Smile, you re covered, with great benefits and a large national network. High maximum benefits $25,000 for High Option Growing network of dentists
MEMORANDUM. SUBJECT: Benchmarks for the Second Half of 2008 & 12 Months Ending 12/31/08
MEMORANDUM TO: FROM: HR Investment Center Members Matt Cinque, Managing Director DATE: March 12, 2009 SUBJECT: Benchmarks for the Second Half of 2008 & 12 Months Ending 12/31/08 Please find enclosed the
Insured Deposit Program. Updated 03/31/2017
Insured Deposit Program Welcome to the FDIC Insured Deposit Program. Under this program, available cash balances (from security transactions, dividend and interest payments and other activities) in your
States and Medicaid Provider Taxes or Fees
March 2016 Fact Sheet States and Medicaid Provider Taxes or Fees Medicaid is jointly financed by states and the federal government. Provider taxes are an integral source of Medicaid financing governed
Household Income for States: 2010 and 2011
Household Income for States: 2010 and 2011 American Community Survey Briefs By Amanda Noss Issued September 2012 ACSBR/11-02 INTRODUCTION Estimates from the 2010 American Community Survey (ACS) and the
Massachusetts Budget and Policy Center
Progressive Massachusetts 2013 Policy Conference March 24, 2013 Lasell College Newton, MA Presentation by Massachusetts Budget and Policy Center Our State Budget: Building a Better Future Together Massachusetts
Just The Facts: On The Ground SIF Utilization
Just The Facts: On The Ground SIF Utilization The Access 4 Learning Community (A4L), previously the SIF Association, has changed its brand name due to the fact that the majority of its 3,000 members represent
Insured Deposit Program Updated 10/17/2016
Insured Deposit Program Welcome to the FDIC Insured Deposit Program. Under this program, available cash balances (from security transactions, dividend and interest payments and other activities) in your
Please print using blue or black ink. Please keep a copy for your records and send completed form to the following address.
20 Disbursement for Beneficiary/QDRO Account IBEW Local Union No. 716 Retirement Plan Instructions About You Please print using blue or black ink. Please keep a copy for your records and send completed
SCHIP: Let the Discussions Begin
Figure 0 SCHIP: Let the Discussions Begin Diane Rowland, Sc.D. Executive Vice President, Henry J. Kaiser Family Foundation and Executive Director, Kaiser Commission on for Alliance for Health Reform February
Corporate Income Tax and Policy Considerations
Corporate Income Tax and Policy Considerations Presentation by Richard Anklam, Executive Director, New Mexico Tax Research Institute To The Interim Revenue Stabilization and Tax Policy Committee September
State of the Automotive Finance Market
State of the Automotive Finance Market A look at loans and leases in Q4 2017 Presented by: Melinda Zabritski Sr. Director, Financial Solutions www.experian.com/automotive 2018 Experian Information Solutions,
Aviva Announcing Changes to Products and Annuity Rates
September 9, 2011 Aviva Announcing Changes to Products and Annuity Rates This field update contains information on product and rate changes effective September 16, 2011. We want to thank you for all of
IMPORTANT TAX INFORMATION
IMPORTANT TAX INFORMATION To set up and maintain your account with WestconGroup, we require you to provide us valid Resale Certificates for all states that you are located in, as well as for any other
Tax Freedom Day 2018 is April 19th
Apr. 2018 Tax Freedom Day 2018 is April 19th Erica York Analyst Key Findings Tax Freedom Day is a significant date for taxpayers and lawmakers because it represents how long Americans as a whole have to
Non-Financial Change Form
Non-Financial Change Form Please Print All Information Below Section 1. Contract Owner s Information Administrative Offices: PO BOX 19097 Greenville, SC 29602-9097 Phone number (800) 449-0523 Overnight
The Entry, Performance, and Viability of De Novo Banks
The Entry, Performance, and Viability of De Novo Banks Yan Lee and Chiwon Yom* FEDERAL DEPOSIT INSURANCE CORPORATION *The views expressed here are solely of the authors and do not necessarily reflect the
Medicaid in an Era of Change: Findings from the Annual Kaiser 50 State Medicaid Budget Survey
Medicaid in an Era of Change: Findings from the Annual Kaiser 50 State Medicaid Budget Survey Robin Rudowitz Associate Director, Kaiser Commission on Medicaid and the Uninsured The Henry J. Kaiser Family
Streamlined Sales Tax Governing Board and Business Advisory Council Update
Streamlined Sales Tax Governing Board and Business Advisory Council Update Charles Collins, ADP Fred Nicely, Council On State Taxation Craig Johnson, Streamlined Sales Tax Governing Board NCSL SALT Taskforce
Unemployment Insurance Benefit Adequacy: How many? How much? How Long?
Unemployment Insurance Benefit Adequacy: How many? How much? How Long? Joel Sacks, Deputy Commissioner Washington State Employment Security Department March 1, 2012 1 Outline How many get unemployment
Current Trends in the Medicaid RFP Procurement Landscape
Current Trends in the Medicaid RFP Procurement Landscape This is a Presentation Subtitle PRESENTED BY: Michael Lutz Avalere Health October 31, 2017 About Us Michael Lutz Vice President mlutz@avalere.com
Installment Loans CHARTS. No cap other than unconscionability:
NCLC NATIONAL CONSUMER LAW CENTER Installment Loans WILL STATES PROTECT BORROWERS FROM A NEW WAVE OF PREDATORY LENDING? Copyright 2015, National Consumer Law Center, Inc. CHARTS CHART 1 Full APRs Allowed
Application Trade Credit Insurance Multi Buyer
Chubb Global Markets Political Risk & Credit 1133 Avenue of the Americas New York, NY 10036 (212) 835-3138 (NY) (312) 612-8827 (Chicago) (213) 612-5512 (Los Angeles) Application Trade Credit Insurance
medicaid a n d t h e How will the Medicaid Expansion for Adults Impact Eligibility and Coverage? Key Findings in Brief
on medicaid a n d t h e uninsured July 2012 How will the Medicaid Expansion for Adults Impact Eligibility and Coverage? Key Findings in Brief Effective January 2014, the ACA establishes a new minimum Medicaid
50% are at or over 48, 50% are at or under 48 years of age (median) Cancer/Tumor registrars taking the survey ranged in age from 22 to 69
Cancer/Tumor Registrar Summary Cancer/Tumor Registrar Total Responses: 238, with 210 full-time and 28 part-time registrars responding. We also polled 72 Cancer/Tumor Registry Managers. Cancer Registrar
STATE MOTOR FUEL TAX INCREASES:
STATE MOTOR FUEL TAX INCREASES: 2013-2018 Since 2013, 27 states have increased or adjusted taxes on motor fuel to support needed transportation investments. Twenty-four of those states increased their
WELLCARE WINS BID IN EVERY REGION FOR 2007 AND INTRODUCES CLASSIC PLAN WITH LOWER PLAN PREMIUMS
PR Contact: IR Contact: H. Patel Jeff Potter CKPR WellCare Health Plans, Inc. (312) 616-2471 (813) 290-6313 hpatel@ckpr.biz jeff.potter@wellcare.com WELLCARE WINS BID IN EVERY REGION FOR 2007 AND INTRODUCES
2017 Supplemental Tax Information
2017 Supplemental Tax Information We have compiled the following information to help you prepare your 2017 federal and state tax returns: - Percentage of income from U.S. government obligations - Federal
The State Tax Implications of Federal Tax Reform Legislation
The State Tax Implications of Federal Tax Reform Legislation Executive Committee Task Force on State and Local Taxation Phoenix, Arizona January 14, 2017 Joe Crosby, Multistate Associates Karl Frieden,
American Memorial Contract
American Memorial Contract Please complete all pages of the contract and send it back to Stephens- Matthews with a copy of each state license you choose to appoint in. You are required to submit with the
Required Minimum Distribution Election Form for IRA s, 403(b)/TSA and other Qualified Plans
Required Minimum Distribution Election Form for IRA s, 403(b)/TSA and other Qualified Plans For Policyholders who have not annuitized their deferred annuity contracts Zurich American Life Insurance Company
Fiduciary Tax Returns
Functions and Procedures Index Books On Line Main Directory Overview... 2 How does it work?... 3 What Information is transmitted to the Tax Service?... 4 How do I initiate this service?... 8 Do I have
Black Knight Mortgage Monitor
Black Knight Mortgage Monitor Mortgage Market Performance Observations Data as of May, 2014 Month-end Black Knight First Look May 2014 Total U.S. loan delinquency rate (loans 30 or more days past due,
Long-Term Care Education Requirements Prior to Selling
for Training AK All Health 8 hrs 4 hrs 24 months AL All Accident & Health 8 hrs 4 hrs Renewal deadline is the date the license expires. s are renewed biennially based on agent's birth month and year. AR
Oregon: Where Taxes Are Low, Fees Are High and Revenue Is Slightly Below Average
Issue Brief March 6, 2012 Oregon: Where Taxes Are Low, Fees Are High and Revenue Is Slightly Below Average The money we pay in fees and taxes helps create jobs, build a strong economy, and preserve Oregon
Highlights. Percent of States with a Decrease in MH Expenditures from Prior Year: FY2001 to 2010
FY 2010 State Mental Health Revenues and Expenditures Information from the National Association of State Mental Health Program Directors Research Institute, Inc (NRI) Sept 2012 Highlights SMHA Funding
ACORD Forms in ebixasp (03/2004)
ACORD Forms in ebixasp (03/2004) Form number Form Name Edition Date 1 Property Loss Notice 2002/1 2 Automobile Loss Notice 2002/1 3 General Liability Notice of Occurrence/Claim 2002/1 4 Workers Compensation
Alternative Paths to Medicaid Expansion
Alternative Paths to Medicaid Expansion Robin Rudowitz Kaiser Commission on Medicaid and the Uninsured Kaiser Family Foundation National Health Policy Forum March 28, 2014 Figure 1 The goal of the ACA
2017 TAX INFORMATION LETTER Nuveen Municipal Closed-End Funds
003SSN0DDD 2017 TAX INFORMATION LETTER Nuveen Municipal Closed-End Funds Nuveen Municipal Value Fund, Inc. (NUV) Nuveen Municipal Income Fund, Inc. (NMI) Nuveen Municipal High Income Opportunity Fund (NMZ)
Long-Term Care Education Requirements Prior to Selling
for AK All Health 8 hrs 4 hrs 24 months AL All Accident & Health 8 hrs 4 hrs Renewal deadline is the date the license expires. s are renewed biennially based on agent's birth month and year. AR All Accident,
Updated Figures for Tracking and Stress Testing U.S. Household Leverage. Andreas Fuster, Benedict Guttman Kenney, and Andrew Haughwout 1
Updated Figures for Tracking and Stress Testing U.S. Household Leverage Andreas Fuster, Benedict Guttman Kenney, and Andrew Haughwout 1 Federal Reserve Bank of New York Staff Report No. 787 In this document,
Bad Debts: How Contractual Terms and Sales Tax Intersect IPT Annual Conference Charlotte, North Carolina
Bad Debts: How Contractual Terms and Sales Tax Intersect Thomas Zessman Senior Tax Manager U.S. Bank Minneapolis, Minnesota thomas.zessman@usbank.com Kyle Brehm State and Local Tax Director PricewaterhouseCoopers
Health Insurance Price Index for October-December February 2014
Health Insurance Price Index for October-December 2013 February 2014 ehealth 2.2014 Table of Contents Introduction... 3 Executive Summary and Highlights... 4 Nationwide Health Insurance Costs National
UNIFORM SALES & USE TAX CERTIFICATE
UNIFORM SALES & USE TAX CERTIFICATE The issuer and the recipient have the responsibility of determining the proper use of this certificate under applicable laws in each state, as these may change from
State and Local Sales Tax Revenue Losses from E-Commerce: Estimates as of July 2004
State and Local Sales Tax Revenue Losses from E-Commerce: Estimates as of July 2004 by Dr. Donald Bruce, Research Assistant Professor dbruce@utk.edu and Dr. William F. Fox, Professor and Director billfox@utk.edu
Tax Freedom Day 2019 is April 16th
Apr. 2019 Tax Freedom Day 2019 is April 16th Erica York Economist Madison Mauro Research Assistant Emma Wei Research Assistant Key Findings This year, Tax Freedom Day falls on April 16, or 105 days into
Systematic Distribution Form
Systematic Distribution Form (To be used for all Qualified Plans, IRA s and Non-Qualified Plans) (This form is not applicable to a Required Minimum Distribution ( RMD ). If you are older than 70 ½, refer
COMMUNITY CREDIT CHART BOOK
2016 COMMUNITY CREDIT CHART BOOK FEDERAL RESERVE B ANK of NEW YORK Editors Kausar Hamdani, Ph.D. SVP and Senior Advisor Claire Kramer Mills, Ph.D. AVP and Community Affairs Officer Data Support Jessica
< Executive Summary > Ready Mixed Concrete Industry Data Report Edition
Ready Mixed Concrete Industry Data Report A benchmarking tool for planning, evaluating and directing the financial activities of your organization. 2012 Edition (2011 data) < Executive Summary > Prepared
STATE MOTOR FUEL TAX INCREASES:
Since 2013, 26 states have increased or adjusted taxes on motor fuel to support needed transportation investments. Twenty-three of those states increased their state gas tax, while three states Kentucky,
Latinas Access to Health Insurance
FACT SHEET Latinas Access to Health Insurance APRIL 2018 Data released by the U.S. Census Bureau show that, despite significant health insurance gains since the Affordable Care Act (ACA) was implemented,
kaiser medicaid and the uninsured commission on The Cost and Coverage Implications of the ACA Medicaid Expansion: National and State-by-State Analysis
kaiser commission on medicaid and the uninsured The Cost and Coverage Implications of the ACA Expansion: National and State-by-State Analysis Executive Summary John Holahan, Matthew Buettgens, Caitlin
Updated Figures for Tracking and Stress-Testing U.S. Household Leverage. Andreas Fuster, Benedict Guttman-Kenney, and Andrew Haughwout 1
Updated Figures for Tracking and Stress-Testing U.S. Household Leverage Andreas Fuster, Benedict Guttman-Kenney, and Andrew Haughwout 1 Federal Reserve Bank of New York Staff Report No. 787 In this document,
IMPROVING COLLEGE ACCESS
IMPROVING COLLEGE ACCESS Grants and Resources for Education Leaders West Virginia Leaders of Education Conference December 3, 2018 THE EDUCATION ALLIANCE Statewide non-profit organization W E brings B
Getting Better Value for the Healthcare Dollar. National Conference of State Legislators Fall Forum November 30, 2011.
Getting Better Value for the Healthcare Dollar National Conference of State Legislators Fall Forum November 30, 2011 NCQA History NCQA a non-profit that for 21 years has worked with federal, state, consumer
Introducing LiveHealth Online
Introducing LiveHealth Online Online Health Care when you need it! Meeting Members Wherever They Are 1 Why Consider Tele-Health? Convenience: Employees are able to access care at work, outside of traditional
Final Paycheck Laws by State
ALABAMA AL No Provision No Provision ALASKA AK 23.05.140(b) ARIZONA AZ Ariz. Rev. Stat. 23-350, 23-353 ARKANSAS AR Ark. Code Ann. 11-4-405 CALIFORNIA CA Cal. Lab. Code 201 to 202, 227.3 COLORADO CO Colo.