Mike Ashley 1 Glasgow Rangers are to lend £10million from Mike Ashley’s Sports Direct firm, the cash-strapped Scottish club have announced.Describing their current financial condition as “perilous” in a lengthy 7am statement to the Stock Exchange, the Rangers board revealed they were in “immediate need for a substantial injection of capital” and Ashley’s offer represented their best option.The loan will be secured against Murray Park, Edmiston House, Albion Car Park, and the Club’s registered trademarks – but not Ibrox.The move spells the end of attempts by the Three Bears – wealthy fans Douglas Park, George Letham and George Taylor – to have their own loan offer accepted.It was their promise to match Ashley’s deal whilst demanding Ibrox remained unsecured that forced the Newcastle United owner to drop the stadium from the terms of his agreement.In return for the money – which will be paid to Rangers in two £5million tranches – Ashley will be able to nominate two more directors to the Light Blues board. His associates Derek Llambias and Barry Leach are already serving as chief executive and financial director.As well as that, Rangers will transfer 26 per cent of its holding in Rangers Retail Ltd (RRL).RRL was a joint venture set up by the club and Sports Direct, with Rangers in control of 51 per cent and Ashley’s company controlling the rest. Fans, however, were already concerned that it was overly beneficial to Ashley.Now as part of the new loan deal, the club has also agreed that from the 2017/8 season, for the duration of the loan, any future shirt sponsorship proceeds “will be for the benefit of RRL”.In their statement to the Stock Exchange, the board said: “The Board of Rangers announces that Rangers Football Club Limited has entered in to agreements with SportsDirect.com Retail Limited and associated companies, to provide a long term on-going credit facility of up to £10m.“The Company’s financial condition has been perilous for a number of months exacerbated by lower than expected match attendances. The Directors have implemented a cost cutting program with which they have made significant progress.“There is however an immediate need for a substantial injection of capital, and the Directors have considered a number of options.“The terms negotiated with SD (which are reversible in respect of the Facility) represent the optimum combination of quantum and duration of funding, allowing the Company time to arrange permanent capital which can be used for strengthening the playing squad.“The Facility is structured in two separate interest free tranches. £5million will be available immediately for working capital purposes and for the repayment of the credit facilities with MASH Holdings Limited which was entered into on 27 October 2014.“All rights and security associated with the MASH facility will be cancelled. The Club will transfer 26 per cent of the share capital in Rangers Retail Limited to SD for the duration of the Facility, which will be transferred back, at no cost, upon repayment of all outstanding sums owed by Rangers and its subsidiaries to SD. There is no specified repayment period for the first tranche of the Facility.“The Facility is to be secured by (1) a floating charge over the Club’s assets and (2) fixed charges over Murray Park, Edmiston House, Albion Car Park, and the Club’s registered trademarks.“None of the security that is being given to SD covers Ibrox Stadium, which is specifically excluded and remains in the full ownership of the Club, free from any security.“SD will also have the right to nominate two directors to the board of Rangers for the duration of the Facility, any such nomination will be subject to regulatory consent pursuant to the AIM Rules and other regulatory bodies“If the entire sum drawn down is repaid, the Facility will be deemed to be terminated, all security will be released, the 26 per cent of RRL will revert to the Company and all rights of SD to nominate Directors to the Board of the Company will cease.“The second tranche of £5million, which repayable five years after drawn down, will be used, if required, for working capital purposes and is subject to due diligence by SD prior to drawn down.“The Company has also agreed that from the 2017/8 season, for the duration of the Facility, any future shirt sponsorship proceeds will be for the benefit of RRL.“RRL will declare a dividend of a total of £1,610,000 prior to the Transfer.“The Club will use the proceeds of its share of this dividend, inter alia, to repay sums owing to SD in respect of the cessation of onerous leases on unprofitable stores entered into by a previous Rangers management team.“The Directors would like to thank all the Rangers Stakeholders who showed an interest in helping the Company.”Chairman David Somers said: “The Board has sought for some time to establish a long term funding solution for the Company in order to create a platform of stability to build for the future.“This Facility begins this process and we very much hope that it will be augmented with further permanent capital in due course.“In addition, the executive team have made strides in addressing the cost base of the Company in order to improve our financial condition and working capital profile.“We very much hope that we can now move away from having to seek short term funding solutions and can focus our efforts towards investing in the first team playing squad, a return to profitability and to re-establishing Rangers in the top league in Scottish Football and in due course, to European competition. The Board now calls upon all shareholders to rally together to achieve this goal.”Ashley has now strengthened his grasp on the money streams entering the club, but the balance of power could yet swing away from him in the coming weeks if Dave King succeeds in routing the board at the general meeting he has called.
Newstalk’s George Hook will travel to Rathmullan House in Donegal for a live broadcast as he goes to explore part of the ‘Wild Atlantic Way’.George Hook is coming to Donegal!George will be joined on the show next Wednesday, June 25th, between 4.30 and 7pm by a number of people from the area to talk about Donegal as one of the key destinations along the Wild Atlantic Way.There will be some special guests in front a live audience. They include Joan Crawford of Fáilte Ireland, Rick La Vert of Kinnegar Brewing, and Ian Millar of Unique Ascent to talk about available activities such as sea stack climbing, hiking, abseiling, coasteering, sea kayaking and wild camping. GEORGE TO DELIVER A REAL ‘RIGHT HOOK’ IN DONEGAL was last modified: June 19th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalGeorge HookNewstalkRathmullen House
Business Select fares are the most expensive fares, and they tend to be $20 or so more expensive than an Anytime fare. They are also fully refundable, and they additionally entitle you to one free drink and allow you to be one of the first 15 people on the plane. This early boarding perk is far more important on a Southwest flight because of their open seating policy, which I’ll explain in a bit more detail below.The easiest way to book is on Southwest’s web site. The booking screen looks like this:Booking on southwest.com is easy, and provides several options for sorting and comparing flightsAdditional verbiage you need to know when booking: understand the difference between “direct” and “nonstop” flights. “Nonstop” flights are just that, nonstop. Get on the plane, it flies to your destination, and you get off. “Direct” flights are the next best option — you will stay on the same plane for the duration of the trip, but you’ll have to stop one or more places along the way to drop off and pick up other passengers. Any other flight will require you to change planes to get to your destination, and the more planes you have to fly, the more opportunities there are for something to go wrong. Accordingly, nonstop and direct flights are usually preferable; you can sort the available flights from your search results to include only these flights by checking the box at the top of the result list. It bears mention (and this goes for most airlines, not just Southwest) that you can see significant differences in price depending upon what day and time you fly. Southwest makes it easy to see how things would change by shifting your day of travel in one direction or another — just click on the tab for the alternate day you’re considering, and you’ll see what the cost would be for you to fly in the day before or after. Sometimes, it can be so much cheaper that you can justify coming in a day earlier. For example, on a flight I recently booked, there was such a significant difference in price between flying in on Friday morning (our intended day) and Thursday night (the day we switched to) that it covered an extra hotel night and then some. Start your vacation earlier, for less cost. Tough to beat that! Note: when booking, you’ll also be offered the option to purchase “Early Bird Check-in” for $15 per leg of your journey. I’ll explain that in more detail below, because it comes into play when talking about Southwest’s unique seating and check-in policies.Changes and CancellationsWhat if your plans change after you book? As I mentioned above, Southwest will let you change to any other flight, without change fees or penalties, you’ll just need to pay the difference in fare. If the new flight is cheaper, you’ll get a cash refund if you booked a refundable ticket, or a credit for a future Southwest flight if not. For that reason, it usually makes sense to check back from time to time after you’ve booked your flight (especially during Southwest’s fare sales), and see if there have been any price drops that help you. My personal practice is to go ahead and book at the earliest possible opportunity, because there is absolutely no upside to waiting to see if the fare drops — if it does, I’ll just get a credit that I will inevitably use at some point, because I fly Southwest so frequently. If you expect this to be your only occasion to fly Southwest, however, a credit might not help you, so that’s something to keep in mind when deciding when to book.If you need to cancel entirely, what happens will be based upon what sort of ticket you purchased. If you have a Wanna Get Away ticket, you’ll get a credit to be used on a future Southwest flight. Any other ticket will give you the option of a credit or a cash refund.Boarding and FlyingCheck-In and SeatingChoose any seat! © Southwest Airlines Co.Unlike most airlines that assign you a seat for your flight, Southwest has open seating, which means that you can choose any open seat you like. Of course, this is subject to availability, so the earlier you get on the plane, the more selection you’re going to have. That’s part of the reason that the ability to be one of the first 15 people on the plane by virtue of buying a Business Select ticket is valuable — you will more or less have your choice of seats, and you won’t have to worry about overhead bin space running out for your carry-on baggage.There was a time when Southwest was known for its “cattle call” approach to seating, where the right to get on the plane first was awarded on a first come, first served basis, which in turn resulted in people lining up literally hours prior to their flight to make sure they got a decent seat. Thankfully, those days are gone. Now, you are given a boarding number when you check in, and that number determines when you get to board. You will be assigned a group — A, B or C — and a number one through sixty, and when your group is called, everyone lines up in order and that’s the order in which you board the flight. It’s slightly reminiscent of elementary school, but it actually works pretty well.Boarding PriorityThe letter and number on your boarding pass determines when you board. A1, baby!The boarding number you get is determined by when you check in. You are allowed to check in 24 hours prior to your flight time and boarding numbers are distributed in order starting at that time, so it is common that people will literally check in at the specific moment the clock switches and they are eligible to check-in to get the best number possible. The longer you wait after that check-in time, the higher your number and the later you’re going to get on the plane.It’s a very egalitarian system, but the reality is that not everyone wants to — or is even in a position to — stop what they are doing to check-in 24 hours on the nose before their flight, especially when you’re supposed to be on vacation having fun. Southwest has attempted to solve this quandary by offering Early Bird Check-In. For $15 per flight (from one destination to another, regardless of how many planes you have to board), you will be automatically checked in at the 24 hour mark, and will be in front of all of the people that are manually checking in at that time. Priority among Early Bird Check-In travelers appears to be determined based upon when you bought your ticket, with earlier purchasers getting better numbers.There are three other groups of travelers that board at a specific time — pre-board, families and A-list members. Pre-board passengers are travelers who need extra time and/or assistance to board the plane. They board before everyone else, but they are prohibited from sitting in the exit row seats, so don’t think you can pretend to need the extra time just so you can snag a prime seat — I see people try all the time, and it’s generally pretty awkward when they get bounced.Families are defined as any group including a child 6 or younger, and they board between the A & B groups (although if you all have A boarding passes, there is no need to wait to board, you can board as you normally would). My understanding is that there is some restriction upon how many people can board as a family, but in practice, I don’t think I’ve ever seen it enforced. I routinely see mammoth groups of people boarding during family boarding, especially on the family-heavy Orlando flights. A-list members are members of Southwest’s Rapid Rewards (read: frequent flyer) program that have flown enough to achieve status. Once you hit a certain level, you get complimentary Early Bird Check-In as an A-List member; if that Early Bird Check-in doesn’t get you an A Group boarding pass, you’re permitted to board along with Family Boarding between the A & B Group.To summarize, here’s the boarding priority:Pre-BoardingBusiness Select CustomersEarly-Bird Check-in Customers (including A-List Members)Family Boarding and any A-List Members that did not get an “A” boarding passAny remaining Early-Bird Check-In CustomersEveryone else, in order of check-inA question I often see asked is “should I get Early Bird Check-in?” The answer, as is usually the case, is “it depends.” If you have a member of your party that is under the age of 6, there is little reason to pay for Early Bird Check-in — regardless of what your boarding number is, you’re only going to have 60-ish people in front of you, and you’ll still have no trouble finding seating together even for fairly large groups of people. If not and you care about sitting together, it’s probably worth considering if you can swing it financially. There are a large number of families on Orlando flights, and there is a very good chance that you’ll be behind every single one of them if you don’t have Early Bird.Good and Bad SeatsIf a tray table isn’t important to you, this exit row seat provides ample legroomMost of the seats on Southwest flights are essentially the same, so there isn’t a huge difference from one part of the plane to another apart from personal preference. There are, however, a few that are worthy of special note. On the positive side, the traditional exit row seating gives you the most legroom you can get without sacrificing a proper tray table; in my view, they are the prime seats in the plane, and I’m stunned that people don’t universally rush to them. Also in the exit row, Southwest planes have one (older planes) or two (newer planes) seats that have no seat in front of them at all. They offer more legroom than most people could ever need, but they come at the expense of a real tray table (your tray table instead flips out of the arm rest). Note that neither children under the age of 16 nor adults with mobility issues are permitted to sit in the exit rows.If legroom is the only thing you care about, the bulkhead (i.e., front) rows provide lots of legroom but you lose the real tray table AND the ability to store your stuff under the seat in front of you (because there is no seat in front of you). Realistically, however, the bulkhead seating tends to be occupied by pre-board passengers. Are you the sort of person that likes to get your drink on as quickly as possible? Southwest divides the cabin into 3 zones for drink service — rows 1 to 8, 9 to 16, and 17 to the back of the plane. Flight attendants will start taking drink orders at the lowest row in their zone, and then work towards the rear of the plane, and drinks are distributed in the same order. Accordingly, sitting in rows 1, 9 and 17 will ensure that you are served first!On the opposite end of the spectrum, I often see families rush to the very last row because it puts them close to the bathroom, and there is some logical appeal to that plan, but those are, by a wide margin, the absolute worst seats in the plane. In addition to getting served last, the seats in the last row do not recline at all but the seats in front of it do. As a result, you could spend the entire flight gnawing on the headrest of the seat in front of you back there. If you want to be in the back of the plane for easy bathroom access, mazel tov, but pick the second or third row from the back — you’ll still be plenty close, but it won’t be as cramped. Also worthy of note are the seats in the middle of the plane just in front of the exit row — they do not recline either. They aren’t quite as jammed up as the last row, but they are still less than ideal and inferior to just about every other seat on the plane.There are no other differences between seats on Southwest planes that really matter, so it is just a matter of personal preference, like whether you care about having a wing obstructing your view or not. Yes, there are seats that some people would consider marginally better or worse — Seatguru.com is a great site to visit to thoroughly map out the pros and cons of every seat on a plane — but in my opinion, everything that will really move the needle for you on a Southwest plane is referenced above. The In-Flight ExperienceOnce upon a time, airlines presented themselves as more than just a place to get from point A to point B. You were served a meal, there were in-flight movies, blankets, pillows, and the experience as a whole was far more posh. During that time, Southwest distinguished itself by eschewing any pretense and bragged about the fact that it was a no-frills experience in exchange for lower fares. You got a drink and a bag of peanuts, and that was it.© Southwest Airlines Co.As other carriers have stepped away from these old-school offerings and moved more towards a no-frills approach, Southwest has actually upped its game a bit. It’s still presented with little or no pomp and circumstance, but you’re now offered a grab bag (or box, actually) of different snacks on most flights (rather than strictly being limited to a single bag of peanuts), in addition to your beverages. Alcoholic beverages are available for sale for $5/each and can only be purchased using a credit card, so have that ready when they come around to take the order. Tipping is not expected, and you will be politely refused if you try to tip. The bigger change, however, is that most Southwest planes are equipped with WiFi (for a fee), and in addition to allowing you to get email and surf the web, it also allows Southwest to offer free television shows (including both live and on-demand offerings) and movies for rent, all of which is accessed through your own mobile device. It’s a great way to pass the time and/or keep your little ones occupied during the flight. Note, however, that to watch TV, you’ll need to have the Airtime Player app (iOS – Android) already on your phone or tablet, so make sure you add the app before you get on the plane. The in-flight WiFi is adequate for routine web surfing and email, but you should not expect it to work for data-intensive applications like Netflix or Pandora that stream large amounts of data. Finally, while there are certainly no guarantees on this front, Southwest tends to have a more jovial, celebratory approach to flying, particularly on flights coming into Orlando that are full of people heading on vacation. Flight attendants have been know to try out their stand-up routines while delivering the safety information, and I’ve heard the Mickey Mouse theme song sung more than a few times during landing. Just run with it, you’re on vacation!Pro TipsAir travel is a heavily regulated activity, so the number of hacks and tricks available to you are somewhat limited. Nevertheless, I do want to close out with a couple of quick tips that I’ve adopted from several years of flying extensively on Southwest. Without further ado:Make Yourself An Unattractive SeatmateNowadays, flights tend to be pretty full, but you will occasionally be on a flight that has empty seats, and your best case scenario is having one of those empty seats be next to you. When trying to pick out a seats, every person getting on the plane is making an assessment of whether or not they want to spend the next couple of hours or so with you, so to the extent that you can dissuade them from joining you, the better your chances of having some breathing room on your flight.I’m not suggesting that you should make yourself a complete pariah, but there are plenty of little things that will encourage others to just move on rather than join you. Setting your stuff on the seat next to you, others might assume someone else is there or even just be uncomfortable enough with the prospect of asking you to move your gear that they’ll move on to a less confrontational seat. This is also not the time to showcase the pearly whites — cold and aloof will do well for you. Boarding time is also not a bad time to come down with a hacking (but ultimately harmless) cough that miraculously clears up after the plane takes off. Holding a motion sickness bag can also help deter would-be seatmates from joining you.You Don’t Need to Buy Early Bird Boarding For EveryoneWith that said — and I say this as a parent myself, so no offense intended to anyone out there — there are few things that will make you less likely to have a seatmate like having a child with you. Accordingly, if you have a child that is over the age of 6 (such that you can’t use family boarding), you might consider buying Early Bird boarding for just a portion of your party. They will board first, armed with the powerful deterrent effect that only a child can bring, and you can be rest assured that no one is going to take the other seat in a row with your kid, and you’ll be able to join them without paying the premium for Early Bird boarding.The same thing works fine for adults — just have some in the party do the Early Bird, and they’ll save seats for the rest of the party. I do want you to advise you to be considerate and not have one person try to save several rows worth of seats, but you can save a seat or two per person without a lot of grief. I have no idea if Southwest has an official policy on this, but frankly, if you advise someone that you’re holding the seat for a family member or friend and they insist upon sitting in it anyway, it’s going to make for a pretty awkward flight; it’s therefore very unlikely that you’ll be unsuccessful when saving a seat.So, what other tips and tricks have you all picked up from flying Southwest? Got any other questions? Let me know in the comments! Share This!© Southwest Airlines Co.Many of you are close enough to Orlando to drive down when you visit Walt Disney World or Universal Studios Orlando, but for the rest of us, flying is the only viable option. Southwest Airlines is Orlando International Airport’s largest carrier, and between that and the traffic I often see on Disney trip planning forums and Facebook groups, I know that many of you will be using Southwest to get to Orlando. As you may be aware, however, Southwest operates a little differently than other airlines, and that can make flying with them a bit confusing to the uninitiated. I happen to fly on Southwest a ton — I am at their highest loyalty tier, in fact — and wanted to share some of my thoughts and experiences about Southwest and how to get the most out of your travel experience with them.BookingFirst, the basics: Southwest fares fall into three categories:Wanna Get Away? Fares are the cheapest fares, and they are more likely to be available the earlier you book. You can sometimes find them close to your travel date, but if your goal is to pay as little as possible, booking at the earliest possible opportunity is going to get you the best prices as even the price of these fares tends to rise as you get closer to your departure date. They are nonrefundable, but you can cancel them and get a credit for a future flight or switch to another flight just by paying the difference in fare. These fares tend to be at most approximately 50% less than the refundable fares, but they can be even cheaper, particularly during fare sales. Anytime fares are fares that can be refunded for cash if your plans change and you need to cancel your flights. They are significantly more expensive than Wanna Get Away fares, and are the cheapest fares you are most likely to see if you’re booking within a week or so of departure.
Related Posts That experience, we can assure you, is quite addictive. Even if you aren’t looking for certain tracks or artists, there are plenty of playlists on the homepage to listen to. And playlists are what this site does perfectly. Easy to create, easy to populate, easy to manage, and easy to share. Drag-and-drop is all that is needed for most playlist actions. Each playlist gets its own URL, so your friends can listen to it without even having to create an account. And each one comes with an embed link as well, so you can show off all your hard work on your own web page. Also, each playlist shows who created it; you can use that link to follow that user to see new playlists they might generate in the future.When you finally start to settle down after running around like a kid in a candy store, you will find each track has a purchase link that takes you to an Amazon music search page. And that link? You got it – it has an Amazon affiliate ID on it. As far as we can tell, that’s the only method MixTape.me is using to generate a little scratch. But you know what? We don’t mind that so much, because we have found some really great music that we haven’t found any other way. 12 Unique Gifts for the Hard-to-Shop-for People… 5 Outdoor Activities for Beating Office Burnout phil glockner Tags:#music#Product Reviews#web 4 Keys to a Kid-Safe App A few days ago, over at Gina Trapani’s new Smarterware blog, I read about another new web-based music player and playlist creator, MixTape.me. I’ve reviewed severaltakes on the same basic concept recently, so I didn’t immediately write this one up. But I went ahead and gave it a spin, listening to a few of the popular playlists and searching for my favorite artists on the service. And, as it turns out, this application hits all the right notes in terms of interface design, plus its mere existence is a testament to the power of mashups.On the surface, you wouldn’t be able to tell that this web application is in fact a mashup. But after using the site for a while, you will start to notice that it grabs data from a lot of different places. Artist bios from last.fm. Lyrics from LyricWiki.org. Music videos from YouTube. And the music… where does the music come from? Good question. The answer is, a lot of places: cloud storage, web sites, SeeqPod. In fact, the site is careful to keep that information behind the scenes. What you are left with is a clean, very desktop music player-like experience. 9 Books That Make Perfect Gifts for Industry Ex…
One of the most common—and most difficult questions faced during a job interview is one that many candidates disdain and often consider pointless: “What is your greatest weakness?”We expect that the question will be coming, but often wonder why it is asked in the first place. After all, why would anyone in such an important and pivotal point in a job search candidly confess to their greatest flaws? From the interviewer’s perspective, what value is there is listening to candidates skate around the question during the job interview? If we know that it’s unlikely that a candidate will provide an answer that is completely direct and honest, why ask the question in the first place?The answer is actually very simple. It’s because the way that individuals answer this question during the job interview is very telling. The answer provides insight into an individual’s character. It speaks to their self-awareness and ability to be self-reflective. It is an indicator of the willingness for self-improvement. It demonstrates a level of self-confidence, personal drive, and professional maturity. Every answer reaches well beyond the perceived identification of an area of opportunity.- Sponsor – When conducting the job interview, the ability to gauge character is a critical skill, and tells us a great deal about the quality of the candidate. While the question may be expected, the answers provided can still communicate a great deal of valuable information. Bottom line, the interviewer wants to know what type of person you are to work with, what type of employee you will be to manage, and how you will fit into the working environment.Common MistakesWhile most candidates may anticipate the “weakness” question during the job interview, many still struggle to provide a strong answer. In fact, many will try to outsmart the interviewer with their response, and end up outsmarting themselves. A few common mistakes that candidates can make would include:Trying to spin a desirable quality into a “weakness” response. Many will attempt to take an aspect of performance that they know is typically seen in a positive light and try to spin it as a “weakness.” Some common examples would include:“I’m too much of a perfectionist.”“I care too much about doing a good job.”“Sometimes I work too hard.”Most interviewers quickly see right through this type of response, and see the answer as a way to avoid the question and the heart of the matter at hand. Remember, most good interviewers will not only recognize this avoidance, but will ask follow-up questions that can lead to some uncomfortable outcomes. For example: “What do you mean that you work too hard? Is it too difficult? Do you think you should work less?”Revealing a weakness that raises flags. It can be very difficult to talk about flaws in a situation like a job interview, especially in situations where the candidate is nervous, stressed, or unprepared. Some candidates may end up confessing to a weakness such as:“Sometimes I don’t get along with some of my peers at work.”“Sometimes I have a difficult time getting to work on time.”“Sometimes I have a hard time completing my work assignments.”It can be very difficult to overcome this type of response, as such comments are directly related to performance, and are quite frankly strong reasons not to hire a particular candidate.Failing to provide a real answer. Some candidates will claim that they can’t think of a weakness. Really? You can’t come up with a single area where you can improve? This type of answer typically is seen as an indicator that the candidate isn’t prepared, isn’t being honest, and/or lacks the professional maturity to objectively reflect on their skills, abilities, and career in general.How to Answer the “Weakness” QuestionSo how should you answer the “weakness” question? Let’s start by understanding the reasons why the question is being asked in the first place. Your response isn’t simply based upon the particular weakness—it’s also about your ability to be self-reflective. Can you look at yourself in the mirror and say, “Where can I get better?”As a starting point, understand that if someone is asking you where you can get better, you should expect that there will be a follow-up question: “What are you doing to improve?” Think through this question beforehand as well, and answer that question as part of your response. Demonstrate the desire for professional growth. Immediately show that you recognize the need to improve and are taking steps to get there.Don’t get caught up on the word “weakness.” Search for your personal areas of opportunity and where you would like to improve. This is the question that is at hand, and likely what the interviewer is looking for. Focus on the question and not just a particular word or phrase that you interpret as a negative.Be prepared. Looking at your areas of opportunity is an important aspect of every individual’s professional growth plan. It’s not good enough to play a part—you have to actually be self-reflective in order to reach your professional goals.Be genuine. Don’t simply choose an area of opportunity because it sounds good. While it’s important to be smart about your decision and pick an acceptable subject, look at an area where you sincerely feel that you can get better. This honesty and integrity will make a difference, and will be reflected in the way the information is delivered—and received.Take the initiative to improve. A willingness and motivation to improve will lead to successful outcomes, regardless of the circumstances surrounding a job interview.Every job interview is an opportunity. However, it’s important to remember that we also create our own opportunities, and it’s critical that we take the steps to be prepared. Self-reflection is a critical aspect of professional growth, and is a common characteristic that every company will look for in their leadership. Make the effort, take the steps, and good things will happen. Stay UpdatedGet critical information for loss prevention professionals, security and retail management delivered right to your inbox. Sign up now
Proposed regulations provide much anticipated guidance on the base erosion and anti-abuse tax (BEAT) under Code Sec. 59A and related reporting requirements. The regulations are proposed to apply generally to tax years beginning after December 31, 2017, but taxpayers may rely on these proposed regulations until final regulations are published.Code Sec. 59A was added by the Tax Cuts and Jobs Act (P.L. 115-97) (the Jobs Act) and imposes a tax on base erosion payments of taxpayers with substantial gross receipts. The tax is equal to the base erosion minimum tax amount for the tax year. The Jobs Act also added reporting obligations regarding the BEAT for 25-percent foreign-owned corporations subject to Code Sec. 6038A and foreign corporations subject to Code Sec. 6038C.Proposed BEAT RulesThe proposed regulations generally provide rules for determining whether a taxpayer is an applicable taxpayer on which the BEAT may be imposed and rules for computing the taxpayer’s BEAT liability. In particular, the proposed regulations provide rules:– 1. for determining whether a taxpayer is an applicable taxpayer on which the BEAT may be imposed ( Proposed Reg. §1.59A-2);– 2. for determining the amount of base erosion payments (Proposed Reg. §1.59A-3(b));– 3. for determining base erosion tax benefits arising from base erosion payments (Proposed Reg. §1.59A-3(c));– 4. for determining the amount of modified taxable income, which is computed in part by reference to a taxpayer’s base erosion tax benefits and base erosion percentage of any net operating loss deduction (Proposed Reg. §1.59A-4);– 5. for computing the base erosion minimum tax amount, which is computed by reference to modified taxable income (Proposed Reg. §1.59A-5);– 6. for applying the proposed regulations to partnerships (Proposed Reg. §1.59A-7);– 7. that are specific to banks and registered securities dealers;– 8. that are specific to insurance companies;– 9. that disregard certain transactions having a principal purpose of avoiding Code Sec. 59A (anti-abuse rules) (Proposed Reg. §1.59A-9);– 10. regarding the general application of the BEAT to consolidated groups (Proposed Reg. §1.1502-59A);– 11. addressing limitations on a loss corporation’s items under Code Secs. 382 and 383 in the context of the BEAT (Proposed Reg. §1.383-1); and– 12. regarding reporting and record keeping requirements under Code Sec. 6038A.Proposed Applicability DatesConsistent with the Code Sec. 59A applicability date, the proposed regulations (other than the proposed reporting requirements for qualified derivatives payments (QDP)) are proposed to apply to tax years beginning after December 31, 2017. However, taxpayers may rely on these proposed regulations for tax years beginning after December 31, 2017, until final regulations are published, provided the taxpayer and all related parties consistently apply the proposed regulations for all those tax years that end before the finalization date.The proposed reporting requirements for QDPs apply to tax years beginning one year after the final regulations are published. However, the simplified QDP reporting requirements are proposed to apply to tax years beginning after December 31, 2017.Any provision that is finalized after June 22, 2019, will apply only to tax years ending on or after the date of filing of the proposed regulations in the Federal register.Comments and Hearing RequestsWritten or electronic comments and requests for a public hearing must be received by the date that is 60 days after the proposed regulations are published in the Federal register. Send submissions to CC:PA:LPD:PR (REG-104259-18), room 5203, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. Submissions may be hand delivered Monday through Friday between the hours of 8:00 a.m. and 4:00 p.m. to CC:PA:LPD:PR (REG-104259-18), Courier’s desk, Internal Revenue Service, 1111 Constitution Avenue, NW., Washington, DC 20224, or sent electronically, via the Federal eRulemaking Portal at www.regulations.gov (IRS REG-104259-18).Proposed Regulations, NPRM REG-104259-18IR-2018-250Other References:Code Sec. 59A– CCH Reference – 2018FED ¶5461A– CCH Reference – 2018FED ¶5461C– CCH Reference – 2018FED ¶5461E– CCH Reference – 2018FED ¶5461G– CCH Reference – 2018FED ¶5461I– CCH Reference – 2018FED ¶5461K– CCH Reference – 2018FED ¶5461M– CCH Reference – 2018FED ¶5461O– CCH Reference – 2018FED ¶5461Q– CCH Reference – 2018FED ¶5461S– Code Sec. 383– CCH Reference – 2018FED ¶17,204D– Code Sec. 1502– CCH Reference – 2018FED ¶33,145D– CCH Reference – 2018FED ¶33,148B– CCH Reference – 2018FED ¶33,190B– CCH Reference – 2018FED ¶33,193ABCCH Reference – 2018FED ¶33,193FCCH Reference – 2018FED ¶33,209Code Sec. 6038ACCH Reference – 2018FED ¶35,561ADCCH Reference – 2018FED ¶35,561BDCCH Reference – 2018FED ¶35,561DDCode Sec. 6655CCH Reference – 2018FED ¶39,572BTax Research ConsultantCCH Reference – TRC INTL: 18,206Login to read more tax news on CCH® AnswerConnect or CCH® Intelliconnect®.Not a subscriber? 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