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Hello! Here are your articles for June 6, 2007.
 Glossary:  A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Profile of a Professional

Getting to know DMLO. Open our door and you will find interesting people.  Click on Full Article to read how Lisa Merchant tends to her clients.

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Is This Your Situation — Poor Cash Flow?

Cash flow is not adequate to meet your bills. Even if you are profitable, you don’t have enough cash. Pretty soon, you won't be able to borrow any more money or you'll have to put more personal capital into the company. Click Full Article for some ideas.

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QUICKBOOKS QUIZ
Q. You looked at your Profit and Loss statement and it says sales are $200,000 but you have only deposited $125,000 in the bank. This was caused by:

a. Making an out of balance journal entry in your books.
b. Your financial statement says "Accrued Basis" and your balance sheet says "Cash Basis."
c. Your printer read your file incorrectly and printed the wrong amount.

Click Full Article for the answer.


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A new law, signed by President Bush on May 25, increases the minimum wage and provides businesses some important tax breaks to help offset the cost. That's the good news. The bad news is that the legislation includes a number of revenue raisers to finance the tax breaks. Unfortunately, some families saving money in the names of their children will pay the price. Click "Full Article" for details of what the changes could mean for your business and personal finances.
Copyright © 2008

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If your business sponsors a retirement plan, you must invest prudently and stay in compliance with numerous complex federal requirements. If you don't follow the rules, the IRS could disqualify your plan. Here are some steps to help keep you from falling into a costly noncompliance trap.
Copyright © 2008

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The IRS is very strict about the time limit for rolling over a tax-favored retirement account. Missing the deadline can result in heavy penalties. There are, however, some narrow exceptions that you might be able to squeeze through. For details, click "Full Article."
Copyright © 2008

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Eminent domain initiatives at a glance
sfgate.com - Sat, 10 May 2008 00:33:32 GMT

 U.S. stocks close lower, Dow drops 121 points
japanherald.com - Sat, 10 May 2008 00:30:20 GMT

 Stocks close out difficult week with big losses
usatoday.com - Sat, 10 May 2008 00:29:37 GMT

 Postal prices go up Monday
stltoday.com - Sat, 10 May 2008 00:23:22 GMT

 GM Finally Says Enough! Offers $200 Million to end American Axle strike
labourstart.org - Sat, 10 May 2008 00:21:11 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 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. 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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