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Greetings Website Guest! Below is your customized newsletter for May 31, 2007.
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10 compliance threats to smaller companies
Smaller public companies performing their first management assessment under Sarbanes-Oxley Section 404 may find their first year of compliance particularly challenging. To help unravel the maze of uncertainty, Lord & Benoit has gathered historical evidence of material weaknesses from companies with revenues under $100 million. Since smaller public companies are uniquely transitioning from an entrepreneurial environment to a more controlled or structured growth, some companies may find that rather challenging. Read more...
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AICPA seeks S corp allowances
The American Institute of CPAs wrote to Congress this week supporting the inclusion of language that would allow S corporations to grow and attract capital from foreign sources in the small business tax package incorporated in H.R. 2206, the bill to provide supplemental funds for the war in Iraq, currently being considered by Congress. Read more...
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Granville Publications Releases Up Your Cash Flow XT2 Popular Forecasting tool now includes full weekly forecasting capabilities. Up Your Cash Flow XT2 contains all of the features of XT (12 month profit and loss, cash flow, balance sheets, comparative analysis, financial ratios, and more, with over 60 + forecasted financial reports.)
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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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