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Greetings Website Guest! Below is your customized newsletter for March 22, 2007.
5 Hottest Topics in A&A that Nonprofit Organizations Should Be Aware Of

The 5 Hottest Topics in Accounting and Auditing that Nonprofit Organizations Should Be Aware Of

 

Having a good match with a CPA firm which understands the issues facing not-for-profit businesses can make all the difference between a good audit experience and a traumatic one. However, after the “formal” part of the meeting is over, I will, as a Partner in the nonprofit practice of SLGG, inevitably get the question, “So, can you tell us about what’s going on in the nonprofit industry that will affect us in the future?” Read more...

by Jeff Holt, CPA, MBA, Partner, SLGG


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CSU Northridge Receives Major Gift From SLGG

CSU Northridge Receives Major Gift From SLGG

Singer Lewak Greenbaum & Goldstein LLP (SLGG), a leading certified public accounting and management consulting firm in Los Angeles, has given a substantial donation to the California State University at Northridge (CSUN) Foundation.  The gift will be used to create the Singer Lewak Greenbaum & Goldstein Faculty Fellowship Fund, which will support faculty research in the field of Accounting, and will include the naming of a professor as the Singer Lewak Greenbaum & Goldstein Faculty Fellow. Read more...



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It Has to Make Sense

It Has to Make Sense:
Business Appraisals Need to be Clear, Logical and Persuasive

By John A. Kirby, J.D., A.S.A.
SINGER LEWAK GREENBAUM & GOLDSTEIN LLP

A twelve year old Tax Court decision still provides valuable lessons for appraisers and the attorneys who use them. The purpose of a business appraiser's work is to add clarity to a seemingly complex issue. Read more...



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8 in 10 Taxpayers Need Professional Help

8 in 10 Taxpayers Need Professional Help

Almost 8 in 10 taxpayers don't have the right date circled to remind them when their tax return is due, and almost half don't know how much their telephone could be worth this tax season. Read more...



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Federal tax law
contains two valuable credits that encourage employers to hire certain disadvantaged job seekers. The Work Opportunity Credit and the Welfare-to-Work Credit were recently improved. Here are the changes, along with some information about planning ahead to hire teenagers eligible for an employment tax credit this summer.

 There have been major changes required when accountants audit company books ... Click "Full Article" for details.
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Setting up a family foundation or a private foundation
has many advantages. You can retain control of the assets, reap tax benefits and make charitable contributions to organizations you believe in for years to come. But be careful when transferring appreciated stock to a foundation. Here's why.
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Your company gets a tax break
for certain education expenses but many eligible costs are often overlooked. Here are some extra costs that can boost the amount of your write-off, along with an IRS-approved way companies can provide tax-free scholarships to employees and their children.
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It's not unusual to lend money to relatives and friends, but if the loans aren't properly structured with an "adequate" interest rate, you could run into trouble with the IRS. Here are the current interest rates and how your family can benefit.
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Berthing pangs at Jebel Ali Port
gulfnews.com - Sat, 6 Sep 2008 21:41:27 GMT

SEC May File Civil Actions Against GE On Securities Violations
AllHeadlineNews.com - Sat, 6 Sep 2008 21:27:33 GMT

Candidates weigh in on stabilizing Fannie, Freddie
stltoday.com - Sat, 6 Sep 2008 21:24:49 GMT

Obama and McCain spar over Social Security
reuters.com - Sat, 6 Sep 2008 21:24:18 GMT

Cabinet nod for HEC revival plan
hindu.com - Sat, 6 Sep 2008 20:43:09 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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