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Hi, Friend. Here are your Articles for April 4, 2007.
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McKonly & Asbury Tax Partner Interviewed by cnnmoney.com

At this time of year, articles about tax mistakes are frequent in newspapers and on finance websites. Last week, M&A’s tax partner, Kurt Trimarchi, was quoted in a lead story on cnnmoney.com about common tax blunders. Find a link to the entire article and check out Kurt’s comments by clicking on More Info.

 



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Support Schools in Pennsylvania, Lower Your Corporate Tax Bill

Educational Improvement Tax Credit Applications for Fiscal Year 2007-2008 are now being accepted by The PA Department of Community and Economic Development. Approved recipients of the credits can receive Tax Credits to be applied against state corporate tax liabilities for donations to a Scholarship Organization, an Educational Improvement Organization, and/or a Pre-Kindergarten Scholarship Organization. Since the credits are assigned on a first-come, first-served basis, if you are interested in this excellent tax incentive, read on and contact the PA DCED as soon as possible!


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SEC Schedules Open Meeting to Discuss Proposed Auditing Standard and SOX Guidance
After receiving feedback from CFO’s and other finance directors, the Securities and Exchange Commission has announced that it will hold an open meeting on April 4, 2007, to discuss the Public Company Accounting Oversight Board’s (PCAOB) proposed auditing standard for Section 404 of the Sarbanes-Oxley Act and the coordination of that proposed standard with the Commission’s related pending proposal to provide guidance for management of public companies implementing Section 404.  Read on for more details.


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Saving for retirement is essential for financial security. Fortunately, the government provides plenty of tax incentives. You still have time to contribute to an IRA, Roth IRA or SEP plan before the April 17th deadline. You can possibly reduce your tax bill and help make your retirement dreams a reality. Here are the basic rules, deadlines and strategies.

 IRAs for Kids? Click "Full Article" to see how working teens can use IRAs to save on a tax-favored basis for college, a first home or any other reason.
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Transitions can cause
rebellion and resistance among even your most valuable employees. So if you are planning any changes to your business, take some time to involve everyone and allow for discussions. Here are a few tips to help smooth the bumps.
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Stop wasting money
on expensive service contracts to maintain your company's equipment and vehicles and on unnecessary insurance. Here's a quick guide to help you insure your venture and keep it humming smoothly without spending an arm and a leg. Read the "Full Article."
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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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