Bader Martin Web Guest, welcome to The Advisor for January 21, 2008.

  Great Advice from Bader Martin

Walter Smith, CPA
Shareholder, Tax Services
Director, Real Estate Services
          with contributions from Madalina Dobra, CPA

No kidding! For some taxpayers, their long-term capital gains and dividends will be taxed at a zero-percent rate for federal income tax purposes, beginning this year. That translates to a ten- or fifteen-percent rate cut.

The new lower rate applies only to noncorporate taxpayers, and the amount of income taxed at the zero-percent rate depends on the taxpayer's taxable income and filing status, as well as the total amount of long-term capital gains and dividends.

Click Full Article to learn more about the new zero-percent rate for capital gain and dividend income.

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Sharron O'Donnell, CPA
Senior Manager and Director, Not-for-Profit Services

Scott Usher, MST, CPA
Senior Manager, Tax Services

Wait long enough and all things become new again. Last month, after a six-month public comment period, the Internal Revenue Service released its revised Form 990, Return for Organizations Exempt From Income Tax.

According to the IRS, the new Form 990 was necessary to "reflect the way this growing sector operates in the 21st Century." As a result, there were three goals or guiding principles for the redesign: enhancing transparency, promoting tax compliance, and minimizing the burden on the filing organization.

The new form is required for 2008 tax returns--filed in 2009--although there is a three-year transition period for smaller organizations.

Click Full Article to learn more about changes to Form 990 and related filing requirements.

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  Timely Opportunities

Once again, Social Security is in the national spotlight. This January, the first Baby Boomers turn 62, making them eligible to draw benefits. That brings up a lot of questions for those about to retire soon and those still years away. Among other things, people want to know how much they can expect, when they can quit working, and perhaps most important... will the Baby Boomers bankrupt Social Security? Read on to learn more.
Copyright © 2008

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  Money Matters

There are three financial strategies that seem to make good financial sense, but have the potential for abuse. Here are the strategies and the dangers.
Copyright © 2008

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  Operations

Videoconferencing can boost productivity, cut travel costs, accelerate business decisions and solve the dilemma of employees who are nervous about traveling. Here's a guide to the advantages, and some drawbacks, of equipping your company with video.
Copyright © 2008

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  Business Tax

The tax law allows your company to help employees get to work by providing tax-free transportation. Click "Full Article" to read about a fringe benefit that can result in appreciation from your staff members and a reduction in payroll taxes.
Copyright © 2008

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  Latest Business Headlines

GE to Sell Appliances Unit
newser.com - Thu, 15 May 2008 00:46:00 GMT

Expect Higher Natural Gas Bills Starting This Summer
citynews.ca - Thu, 15 May 2008 00:45:20 GMT

Delta/Northwest merger seen likely to be approved
news.yahoo.com - Thu, 15 May 2008 00:44:47 GMT

Report says GE set to auction appliance business
chron.com - Thu, 15 May 2008 00:42:30 GMT

USC, Los Angeles Coliseum sign lease
sfgate.com - Thu, 15 May 2008 00:38:38 GMT

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  Disclaimer of Liability

The subject matter contained in this newsletter is often complex, with nuances that cannot be fully described in a single article or announcement. It is therefore vital that you consult with us -- and your legal and investment advisors, as appropriate -- before implementing ideas contained in the newsletter. Bader Martin, PS is not responsible for misinterpretations, errors, or omissions related to the content of this newsletter. Nor are we responsible for its applicability to your personal, business, or tax situation.