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Hi, Friend. Here are your Articles for January 2, 2008.
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SEC Delays SOX 404 for Small Companies

SEC Chairman, Christopher Cox, told the House Small Business Committee that he planned to propose a one-year delay in imposing Sarbanes-Oxley Section 404 requirements for small public companies to audit their internal controls. The delay will help the commission to complete a study of the compliance costs of the SOX provision. Read on for more details.



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Employee or Independent Contractor? That is the Question! Here's What You Need to Know!

Volumes have been written by many experts to answer the recurring question, "Employee or Independent Contractor?"  There are many important questions of particular importance to many in the business community. Read on for these questions, for guidance to assist with the analysis and documentation of an answer, and to learn about strategies for business owners. 



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Resource Enhancement and Protection Program (REAP)

Pennsylvania's Act 55 of 2007 created the Resource Enhancement and Protection Program (REAP).  REAP allows farmers and businesses to earn tax credits in exchange for "Best Management Practices" on agricultural operations that will enhance farm production and protect natural resources. Read on to learn more about this program and to see if you are eligible for these tax credits. 



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Before adjourning for the year,
Congress passed new laws that will have a tax impact on many individual and business taxpayers. Click "Full Article" for details about the Mortgage Forgiveness Debt Relief Act, which was signed into law by President Bush on December 20, 2007. In addition to helping homeowners caught in the sub-prime mortgage crisis, the wide-ranging law affects surviving spouses who want to sell their home
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Sure, advertising can make refinancing sound great. Get a new mortgage at a lower rate and save a lot of money. But before you dive into it, make some serious calculations. Here's a guide to help you decide whether refinancing suits you.
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Uncle Sam can be generous when it comes to adopting children. Here are the details of the tax breaks that are currently available to adoptive parents, as well as the limits imposed on them.
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Exporting is easier than ever. You can boost your profits by sending your products or services around the world. It just takes a little know-how. Here are some steps to take and resources to check out if you want to take advantage of markets abroad.
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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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