BUSINESS BRIEFS
Tax-filing delays for storm OK'd
Advertiser Staff
The state Department of Taxation said taxpayers whose homes were damaged in the recent storms can apply for extensions to file and pay taxes.
Affected taxpayers also can apply for waivers of penalties and interest. All applications will be considered on a case-by-case basis, tax department officials said.
All returns should be clearly marked "December 2007 Storm Relief" at the top, according to the department.
In addition, taxpayers may claim on their state tax returns all of the casualty loss deductions allowed by the Internal Revenue Service, the state said.
For more information, call the Taxpayer Services Branch at 587-4242, or toll-free at 800-222-3229.
GO! SEATS 70.4% FULL IN NOVEMBER
Interisland carrier go! airline flew with 70.4 percent of its seats full in November, according to its parent company, Mesa Air Group Inc.
That compared with Mesa's systemwide performance of 73.3 percent.
Mesa Chief Executive Officer Jonathan Ornstein, in a statement issued to the press, said he was pleased with the improvement in the number of seats filled during the month.
The Phoenix-based company also said it will announce financial results for the quarter ended Sept. 30 on Dec. 28.
UH BUSINESS PLAN COMPETITION SET
The University of Hawai'i is seeking entries for its annual business plan competition.
The competition, which offers professional guidance to teams and cash prizes to winners, is open to existing companies less than a year old or prospective ventures. Teams must have between two and five members and include at least one UH student playing a key role.
Entries will be accepted starting Jan. 14.
For more information, contact UH's Pacific Asian Center for Entrepreneurship & E-Business at pace@hawaii.edu or 956-5083. Online registration at www.UHBusinessPlanCompetition.com also will be available.
HILO MEDICAL BUILDING PURCHASED
A California-based medical real estate investment company has bought the Hilo Medical Building at 45 Mohouli St. for $10.7 million.
PM Realty Group, the brokerage firm representing the buyer, Montecito Medical Investment, and the seller, GLACS LLC, announced the transaction for the new two-story, 22,751-square-foot building.
The sale followed the leasing of the entire building to Hawaii Health Systems Corp., a state-owned organization that is the largest health provider for Neighbor Island residents.
FIRST OF HAWAII RECEIVES 'A' RATING
A.M. Best Co. has affirmed the "A" financial strength rating of First of Hawaii Group and its subsidiaries, including First Insurance Co. of Hawaii. Best said the outlook for all ratings is stable.
The ratings agency said the ratings reflect First of Hawaii Group's "very strong" risk-adjusted capitalization, strong overall earnings and sound local market presence. It said the company's drawbacks include risk as a single-stage insurer and potential exposure to catastrophe losses.
Make a difference. Donate to The Advertiser Christmas Fund.
