I wanted to follow up and leave you with information on how local residents can apply for these 300 open positions, many of which are leadership roles:The entire news release is as follows:
· Open interviews (walk-ins) are held daily from 9:00am – 3:00pm and Wednesdays from 12:00pm – 7:00pm
· Apply in person at 5725 Mark Dabling Blvd., Ste 200 or online at www.firstsourcecareers.com
Firstsource Solutions, Ltd. announced its call center in Colorado Springs will be hiring 300 new customer care representatives by the end of January 2015 to handle work for a new client in the healthcare space.
“We are making significant investments in the region and hiring at a rapid pace to support our growth plans,” said Michael Roy, Vice President at Firstsource. “This is just the beginning for us as we continue to expand and grow our client service capabilities. We look forward to filling these roles with talented professionals in the Colorado Springs market.”
Firstsource will also be adding leadership roles such as team managers, human resources, recruiting, facilities, IT and trainers to assist in managing its growth plans. Firstsource expects more business to be placed in the Colorado Springs office over the next year.
Firstsource employs over 27,000 worldwide at 48 centers in the U.S., United Kingdom, India, the Philippines and Sri Lanka, serving more than 100 clients in the banking, insurance, healthcare, media and telecommunications industries, including 21 companies in the Fortune 500.
Firstsource (NSE: FSL, BSE: 532809, Reuters: FISO.BO, Bloomberg: FSOL@IN) is a leading global provider of customized Business Process Management (BPM) services to the Healthcare, Telecom & Media and Banking & Financial Services industries. The company’s clients include Fortune 500, FTSE 100 & Nifty 50 companies. Firstsource has a “rightshore” delivery model with operations in India, Ireland, Philippines, Sri Lanka, UK and U.S. (www.firstsource.com).
IRS Guidance Coming for Practitioners Preparing Returns for Marijuana Retailers
BNA Daily Tax Report by Casey Wooten
November 20, 2014
Tax preparers whose clients include marijuana retailers will get some guidance in early 2015 on how to perform due diligence and stay on the right side of the law, an official from the IRS Office of Professional Responsibility said.
It's important for the OPR to make a statement on ethical practices for preparers in the growing number of states where marijuana is legal, OPR Director Karen Hawkins said Nov. 19 at a public meeting of the Internal Revenue Service Advisory Council.
“I'm going to stay away from the controlled substances issue and focus on what the tax courts have said, so cost of goods sold is in play, but anything else that's in play is going to depend on whether it's part of the trade or business of cultivating or sale, or whether it's a subsidiary trade or business that just happens to have a connection,”Hawkins told Bloomberg BNA.
Tax Compliance Headache.
In recent years, states such as Colorado and Washington have legalized recreational marijuana use, while California, Washington, D.C., and others have either decriminalized it or decided to allow it for medical use. Marijuana sales are still illegal under federal law, however.
Because of federal anti-money laundering rules, banks are reluctant to service marijuana retailers, who in turn must operate their businesses mostly in cash. This can create a headache from a tax compliance perspective, making it difficult for businesses to use government services such as the Electronic Federal Tax Payment System.
In July, Sen. Michael Bennet (D-Colo.) and Rep. Ed Perlmutter (D-Colo.) wrote to IRS Commissioner John Koskinen, asking him to stop the agency from penalizing marijuana businesses from paying their employees' withholding taxes in cash (135 DTR G-3, 7/15/14).
Much like banks, practitioners are concerned that preparing returns for marijuana growers could lead to legal trouble, Janeen Ryan, a member of the advisory council, said.
“We were approached by people that are professionals and 230 legacy preparers and they said ‘we are concerned to even do their returns,”'said Ryan, who helped write the annual advisory report section on marijuana retailers.
The IRS can't change Tax Code Section 280E, which prevents deductions or credits for expenses if a business is involved in the trafficking of controlled substances; that change requires congressional action.
Until then, marijuana retailers are only able to deduct for the cost of goods sold, Ryan said.
But the agency can issue a clarification that preparers' practices won't be affected.
In their report, members of the advisory panel suggested that the IRS publish guidance clarifying that a tax professional won't be considered unethical, targeted for audit or considered in violation of Circular 230 rules solely for preparing a return for a marijuana business.
Hawkins said there are court cases defining what kind of deductions marijuana retailers can take that will help her shape the guidance on this issue.
She referred to a 2007 case, Californians Helping to Alleviate Medical Problems Inc. v. Commissioner, in which the U.S. Tax Court ruled that Section 280E didn't prevent a California organization providing medial marijuana from deducting expenses related to a separate part of the businesses (94 DTR K-1, 5/16/07).
“Within those parameters what we would essentially be saying to the preparers in those states is that you've got some hard conversations to have with your clients about what goes on to the tax return, but as long as you are adhering to what the tax law says about treatment, you're going to be within the confines of what Circular 230 expects of your due diligence,” Hawkins said.
To view a complete list of all articles relating to OPR visit OPR Press at www.irs.gov.
DENVER — The Center for Western Priorities (CWP) released a series of animated maps today that show, for the first time, the tremendous pace and scale of Colorado’s oil and gas drilling boom as it progresses in and around communities across the state.
Using publicly-available data from the Colorado Oil and Gas Conservation Commission, CWP mapped and created animated GIFs of every oil and gas well drilled near the key population centers of Greeley (displayed below), Rifle, and Durango between 1990 and 2013. In total, almost 28,000 wells have been drilled over the last twenty-four years around these three communities.
“The scale of recent drilling around Colorado’s population centers is striking. We need to balance the economic impacts of the oil and gas boom with the quality of life needs of Colorado’s local communities,” said Greg Zimmerman, Policy Director at CWP.
Zimmerman also pointed to the relevance of these data and visualizations given the current task force process underway in Colorado: “Governor Hickenlooper’s Oil and Gas Task Force has a real opportunity over the coming months to design recommendations and policies that strike a balance between energy development and the health and welfare of Coloradans. As the energy boom continues to spread into populated areas, we need assurances that communities have a seat at the table and that their very real concerns don’t fall on deaf ears,” said Zimmerman.
The Board of Directors and Executive Committee of the Colorado Springs Regional Business Alliance (Business Alliance) announced today that Mr. Joe Raso has tendered his resignation as the organization's President & Chief Executive Officer.
The Executive Committee has appointed Board member Mr. Toby Gannett to temporarily serve as the Board-designated leader of the Business Alliance until an interim President and CEO are identified. Joe is committed to assuring a smooth and seamless leadership transition.
It is with regret that we accept Joe's resignation. He has succeeded in positioning the organization for the next chapter of growth and we understand his desire to now pursue a new challenge that best makes use of his skills and expertise.
This is a pivital point in the organization as we move into our next phase of growth. Along with the Board leadership, we have determined the end of the year an appropriate time to transition the President & CEO position while our new Board members and Chair are beginning their terms.
The Board will seek the best qualified candidate to fill the President & CEO position, as it did when Joe was hired. However, it is our preference that both the interim and permanent candidate have extensive local experience and a strong community bond to take on the critical local issues we now face. We will look to the membership and the community to help us identify qualified potential candidates.
Joe was hired as President & CEO in March 2012 to lead the Business Alliance, created from the merger of what was then the Greater Colorado Springs Chamber of Commerce and the Colorado Springs Regional Economic Development Corporation and to navigate the transition stage of the organization's history. He possessed the exact skills and expertise we needed two and a half years ago, having led turn-arounds for several unique business development organizations. In the Business Alliance, Joe has strategically built a new business development organization and created a platform for economic growth in the Pikes Peak region. He has expertly led the Business Alliance and the community in the areas of innovation and entrepreneurship, public policy, workforce development, and the retention and recruitment of base sector business.
The Business Alliance will continue to move forward implementing our five-year strategic business plan and will keep in place the governance structure that Joe and the staff, working alongside the Board, have developed. Joe has worked tirelessly to help us successfully develop the focal points of our mission in the areas of business development, defense development, community development/legislative affairs, and branding/communications/public relations. He has exceeded the goals we established for him and for the organization; he has provided us a compass for reaching new heights.
We now face numerous community issues that didn't exist two years ago, such as the City for Champions project, the Stormwater Initiative, the local political structure, defense industry sequestration, and local impacts of a potential military Base Realignment And Closure (BRAC)/downsizing.
Joe has built a solid foundation for us to now bring more community involvement around the organization for facing these critical issues by supporting, nurturing and taking the Business Alliance to the next level of innovation and vibrancy.
"It is with a great deal of pride in the stellar organization we have created together, coupled with a heavy heart because I will no longer be working with the volunteers, professional staff, and Member Investors as I transition my energy to other opportunities in community and business development," said Joe. "I am proud of our accomplishments over the past 30 months. Together, we have successfully undergone a transformation, having built a new organization that is poised to meet the challenges of the future."
"I am sincerely grateful for the support the staff and I have received from the Board of Directors, our Member Investors and community supporters. My hope and desire is that the Pikes Peak region will work to continue breaking down silos across major institutions that support economic growth - education, government, business, arts and culture, military, and non-profits," said Joe. "If this can be done in a way that supports and empowers young-minded talent, then the future of the region will be very bright indeed."
On behalf of the Board of Directors and the Executive Committee of the Colorado Springs Regional Business Alliance, we ask for the continued support of our Member Investors and supporters as we move into the next phase of growth as an organization and economic vitality as a community. We thank Joe for everything he helped us accomplish during the pivotal initial development phase of the Business Alliance. The organization and our community are solidly positioned for the truly great things we know are ahead as we work to realize our full economic potential.
Chair, Board of Directors
Colorado Springs Regional Business Alliance
It is our intention to assess the entire property, its relationship with adjacent uses, infrastructure, the unique natural assets - its relationship with the entire city and region. Taking the next 18 to 24 months to study this with the best local and national planning firms and coalition of community stakeholders is needed before we are in a position to quantify conservation, recreation and development spaces.Also, according to land records, the sales price appears to be $15 million.
Nor’wood Development Group is pleased to announce that after careful consideration and much due diligence, the purchase of the Banning Lewis Ranch has been finalized. As a locally owned multi-generational business operating in the Pikes Peak Region for more than 40 years, we consider it a privilege to be the stewards of this great community asset and will ensure that the property’s long term potential is discovered and achieved. Responsible development, recreation and conservation will be foundational principles of the vision for Banning Lewis Ranch, which will take decades to fully realize.As we reported this summer, the Jenkins family could decide to set aside two thirds of the 18,500 acres purchased from Ultra for public use.
We have previously outlined and restate our commitment to promote the stewardship of environmental resources, quality neighborhood and commercial design, support efficient public services and facilities, leverage opportunities for the long-term viability of our local Air Force installations, protect the property’s world-renown natural formations with a signature conservation effort, and encourage meaningful outdoor educational and recreational opportunities.
We will continue and expand our work with a knowledgeable and experienced team of local and national professionals, municipal leaders, conservationist, community stakeholders and citizens to develop land use and development strategies for the property. We look forward to sharing periodic updates, timelines and additional details when appropriate.
Denver, CO – Denver-based SunShare announced today it has contracted with Hyland Hills Park and Recreation District to provide Water World, the largest community owned water park in the country, and its other district properties with 1.4 megawatts of clean, reliable energy from its Adams County Community Solar Garden. This is among the largest Community Solar deals to be signed between a Community Solar developer and a consumer. SunShare is one of the nation’s first Community Solar providers.
“We are proud to be part of this Solar Garden with SunShare,” said Harlan Bryant, District Engineer for Hyland Hills Park & Recreation District. “It is a win, win, win situation. We’re helping Xcel Energy meet its renewable energy requirements; we’re helping SunShare, a Colorado company, create jobs here in Colorado; and the District is saving money on our electricity bills.” Water World just celebrated its 35th summer in Denver.
Not only an environmental decision, but also an economic one, Hyland Hills will fix part of the District’s energy costs at today’s levels, protecting it from volatile fossil fuel prices. SunShare will be providing 1.4 megawatts to help power the recreation district and Water World, the equivalent of powering over 300 homes for 20 years.
“We are really excited to partner with such a high profile customer like Water World,” said Jonathan Postal, Senior Vice President of SunShare. “They are now our largest subscriber in Colorado, and we believe them to be the biggest customer of any Community Solar Garden in the nation,” said Postal.
“I’ve been looking for more than four years for a way to incorporate solar energy here at Water World and throughout the District. The Solar Garden business model is the first one that has worked for our Agency,” said Bryant. “I hope this program is very successful, so the District can convert more of our electric consumption to solar production.”
Community Solar allows customers who either can’t or don’t want to put solar panels on their homes to buy solar energy from a solar array located elsewhere in the community.
Electricity generated by SunShare’s Solar Gardens is fed into the main power grid. SunShare’s customers buy a specific amount of energy from the solar garden and receive a credit on their Xcel Energy bill for that amount.
SunShare has over 11 megawatts of Community Solar Gardens built or under development in Colorado’s Front Range. SunShare has projects underway with Colorado Springs Utilities and Xcel Energy with the capacity to serve over 2,200 homes.
Weatherford (NYSE: WFT) is one of the largest global providers of products and services that span the drilling, evaluation, completion, production and intervention cycles of oil and natural gas wells. Weatherford is a new breed of service company—one that can provide the industry with extended products and services, more efficient operations, more powerful research and development capabilities and greater geographic diversity.
Today’s Weatherford is the result of internal growth and innovation, as well as the consolidation of 250+ strategic acquisitions over the past 13 years. From a strategic standpoint, Weatherford has two key objectives—efficiency and productivity. Weatherford strives for efficiency, both in terms of delivering results for its clients as well as leveraging its worldwide infrastructure. The ultimate goal in both cases is to help reduce costs and increase well productivity. As well, Weatherford has created a more streamlined organizational structure to continue a push towards greater individual productivity levels through more intensive recruiting, training and retention.
501(c)(6) provides for exemption of business leagues, chambers of commerce, real estate boards, boards of trade, and professional football leagues (whether or not administering a pension fund for football players), which are not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder or individual.The letter and the website contain no names of individuals, but as we reported in July, members reportedly include William Mutch, vice president of government affairs for the Housing and Building Association of Colorado Springs; Bob Cutter, who headed the nonprofit Colorado Springs Together to help those affected by the Waldo Canyon Fire; businessman Phil Lane; philanthropist Kathy Loo, and developers Doug Quimby, Doug Stimple and Chris Jenkins.
We are still doing our various discussions about potential priorities, mission and vision, and if there is a role the group could fulfill in the community. As such, it would be premature for us to take a position on the storm water issue. We will certainly be in touch with you if/when a decision is made to formally announce the organization.
Dear Council Members Bennett and Snider,Utilities Board Vice-Chair Andy Pico noted to colleagues that the board had received an "overwhelming amount of recent email" that by his count is running 3-1 in favor of keeping Drake on line longer to keep electric rates low.
Please find the attachments that were submitted to the CSU Board at yesterday's meeting by both Jim Riggins and myself.
Included as an attachment is a summary of various quantifications by respected entities regarding the social and health costs of coal fired power generation.
Also included are the names of the 36 business leaders who have endorsed the March 20, 2014 letter to CSU Board and Jerry Forte expressing support for consideration of a short term decommissioning of Drake pursuant to the findings of the HDR Study.
I would like to repeat my requests that:
a) these names be added in the public input process methodology,
b) that a full tally of the inputs be provided on the Drake Task Force website or at the next CSU Board meeting, and
c) a reporting of how this input will be used during the Drake Decommissioning decision making process as it currently stands overall at greater than 2 to 1 in favor of a shorter term decommissioning of the Martin Drake plant.
Thank you for your consideration.