Hi, Website Visitor. Here are your Articles for March 5, 2008.

  Grassi & Co.'s News

Closely held businesses face many challenges over the lifetime of the business. Maintaining adequate working capital; generating cash flow to pay bills and employees; holding on to talented employees; securing financing; and just producing the product or services that make the business thrive, are all among the issues they face. Click the full article link below to read about how Succession Planning can help you plan the future of your business...

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This time of year can get a bit stressful for any CPA firm. This is especially true at Grassi & Co. where the bustling practice is running at nearly full capacity preparing financial statements and tax returns, helping clients save money and run their businesses more profitably. Click the full article link below to see what our team is doing in their (limited) spare time...

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Due to a strange contortion of the New York State and City tax codes, and overzealous tax auditors, certain people may be hit with an unexpected 4% New York City residency tax and/or 7% New York State residency tax.  How can this be? Click the full article link below to see if this could apply to you...

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  Timely Opportunities

Amendments to the Family and Medical Leave Act (FMLA) extend new benefits to qualifying military families. There are two new reasons that allow family members of military personnel to take unpaid time off from work -- and one provision took effect on January 28, 2008. For more information on the changes and employer obligations under the FMLA, click "Full Article."
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  Business Tax

Can you write off the cost of an industry trade show held at a fancy resort? What about a convention cruise? It's possible but since these get-togethers usually combine business with pleasure, the IRS looks closely at deductions. Here are the rules you need to know.
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  Personal Tax

For years, there was no official guidance on the question of whether the "wash sale" rule can be triggered by IRA transactions. The IRS finally issued a Revenue Ruling to answer that question. Here are the details of the guidance.
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