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Hello, Here are your Articles for November 5, 2007.
TIPS FOR SUCCESSFUL BOOKKEEPING by Dee Manchester

Dee Manchester, CFO, O'Sullivan Creel, LLPMost small business owners start a business because they are passionate about their product or service. But, it's doubtful they are as passionate about the bookkeeping that comes with the territory. Bookkeeping is part of every enterprise, from a small home-based business to a multi-million dollar manufacturing organization.

 

Your bookkeeping-done right-can give you invaluable decision-making information to increase your profitability. It can tell you where you're making money, and where you're losing money. With bookkeeping's help, you can compare the profitability of various products to one another. Proper bookkeeping can save you money by pinpointing any discrepancies in vendor charges versus payments, and so much more.

Click below to read Dee's Full Article.



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IRS Announces 2008 Pension Plan Amounts
The IRS recently announced
cost‑of‑living adjustments that apply to the dollar limitations for pensions and other qualified retirement plan amounts for tax year 2008. Click Full Article to find out the figures, as compared with those for the 2007 tax year. You can visit the O'Sullivan Creel website to see this chart, as well as additional information on our employee benefits services. http://www.osullivancreel.com/

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Thinking about transferring assets
to your kids to save on taxes? Depending on their ages, you might want to act fast. The Kiddie Tax rules are changing again next year, but for some families, there is an opportunity to cut their tax bills by taking long-term capital gains before December 31. Here are the details.

 Who can pay zero percent long term capital gains next year? Click "Full Article"
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Injuries and workplace fatalities are on the rise among Spanish-speaking employees and OSHA is trying to combat the problem. Here's a resource to help construction companies.
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Every sale is a profit opportunity, so when training newcomers, make sure there are enough veterans around to close the deals the new staff generate. This can help turn your rookies into pros in no time. Click "Full Article" for tips on helping new sales people focus their aim.
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To sustain your bottom line,
periodically review the costs involved in selling to, or servicing, each customer. Here are four steps to get started.
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