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Greetings Website Guest! Below is your customized newsletter for November 16, 2006.
2007 Standard Mileage Rates Released

2007 Standard Mileage Rates Released
Beginning January 1, 2007, the optional standard mileage rates used to calculate the deductible costs of operating an automobile for business will increase by 4 cents, to 48.5 cents per mile. The mileage rate for medical and moving purposes increases 2 cents, to 20 cents per mile driven. These standard mileage rates apply to cars, vans, pickups and panel trucks. Read more...

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What Internal Auditors Need to Know About Stock Option Backdating

What Internal Auditors Need to Know About Stock Option Backdating
What is the harm in backdating options? First and foremost, the backdating of options may be classified as fraud, and therefore could lead to civil penalties and even criminal charges. To address the current state of stock options, internal auditors should take great care to ensure that stock-option risks at their companies have been adequately investigated and addressed. Read more...


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Keep Those Receipts: IRS Guidance on Per Diem Expense Reimbursement

Keep Those Receipts: IRS Guidance on Per Diem Expense Reimbursement
Employers who routinely pay per diem allowances in excess of the federal per diem rates need to track the amount of expense reimbursement allowances paid to employees on a per diem basis, according to guidance issued last week by the Internal Revenue Service (IRS).
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Bank, ATM Fees Reach Record Highs

Bank, ATM Fees Reach Record Highs
The Fall 2006 Checking Account Pricing Study, a survey conducted by Bankrate.com, found that some customer fees and requirements hit record highs. Average Automated Teller Machine (ATM) fees charged users of machines at banks where users do not have an account, were a record $1.64, up a dime in a year.  Read more...

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You spent a lifetime working hard
to build up your assets. The last thing you want is for Uncle Sam to take a portion of your money in taxes. But that can happen if you die with a large estate. Fortunately, by planning ahead, you can distribute some of your money tax-free this holiday season while you're still around to see your loved ones enjoy it. Here are the basic gifting rules and why you might want to act before year end.
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If you hire teens after school and during the summer,
make sure you comply with the federal work laws involving the construction industry. The consequences for violations can be costly. Here's what your company needs to know.
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Periodic profit audits of your staff and operations can help raise your company's bottom line without an expensive expansion. Here are five ideas to help you uncover hidden cash in your business.
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Success overseas
often depends on how well you and your employees understand foreign customs and rituals. Click "Full Article" for a look at some of the pitfalls and how to avoid them so you can come home with valuable new business.
Copyright © 2008

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Two Banks Fail In Midwest; Total Count Reaches 15
AllHeadlineNews.com - Sat, 11 Oct 2008 15:45:43 GMT

Britain And Iceland Talk About Frozen Funds
javno.com - Sat, 11 Oct 2008 15:40:45 GMT

Developing nations blast West for failed aid promises
gulfnews.com - Sat, 11 Oct 2008 15:40:14 GMT

Financial woes boost Democrats in Congress races
sfgate.com - Sat, 11 Oct 2008 15:30:55 GMT

GM, Chrysler talk merger, reports say
stltoday.com - Sat, 11 Oct 2008 15:30:42 GMT


 

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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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