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Hi, Friend. Here are your Articles for March 7, 2007.
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IRS Releases Fact Sheet Explaining 2006 Alternative Motor Vehicle Credit

The Internal Revenue Service has released a fact sheet explaining the 2006 alternative motor vehicle credit allowed for the 44 automobiles certified as eligible. The credit, enacted under the Energy Policy Act of 2005, provides up to $3,150 for taxpayers who purchased qualified vehicles and placed them in service during 2006. Read on for a quick overview and a link to the fact sheet which includes a listing of the credit amounts for hybrid vehicles.

 



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Last Chance: Help A Student That You Know Get Ahead!

March 30th is the deadline for High School students to submit their entries for Junior Achievement's 2007 Young Business Person Awards! Junior Achievement of Central Pennsylvania is holding two competitions for young entrepreneurs and business people. The competitions are JA's third annual Business Plan Competition and its first Young Business Person Awards. Read on to learn more about these exciting competitions and how someone you know can submit an entry!      


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M&A Advises Clients of Pennsylvania's Unclaimed Property Law and Holder Reporting Requirements
Two weeks ago McKonly & Asbury ran an article advising readers to pay close attention to Pennsylvania's Unclaimed Property Law and Holder Reporting Requirements.  This week we reiterate the importance of these requirements. Unclaimed property holders must file an unclaimed property report with the Pennsylvania Treasury Department each year by April 15th, even if they have no property to report! The Pennsylvania Treasury Department can assess penalties and interest to those who fail to file.  Our clients will receive a letter with these details shortly. In the mean time, read on for more information!  


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A movie by the same name
was a box office hit decades ago, but the IRS "Dirty Dozen" is far from entertaining. The 2007 Dirty Dozen just released by the Internal Revenue Service is a list of this year's top tax scams. Some of these false arguments may sound plausible. But be assured, the "special effects" these scamsters are peddling can lead to investigations, hefty fines and penalties... even prison. Click the Full Article to learn what they're up to this year, and what to avoid.
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Managers direct
but leaders inspire, and chances are you have some of both at your company. But can you distinguish them? Click "Full Article" for a list of traits to help you determine the true leaders at your business.
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Company vehicles
can be expensive to operate, so you really want to take advantage of every possible maneuver to save your company money. Click "Full Article" for a guide to help you trim the costs of running your fleet, find the best tax breaks and maintain a high safety record.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, 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.

The drafter of the tax articles in this e-newsletter did not intend nor write the advice to be used to avoid any penalty imposed by a taxing authority, nor may any user/recipient of this document use this document’s written tax advice for that purpose. This document’s tax advice was written specifically to support the promotion or marketing of the transaction/matter addressed by the written tax advice. Therefore, any user/recipient of this document should seek an independent tax professional’s advice regarding the user/recipient’s particular circumstances.

 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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