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Greetings Website Guest! Below is your customized newsletter for March 20, 2008.
SLGG Improves Ranking on Accounting Today Top 100 Firms 2008

In the recent release of Accounting Today's Top 100 Firms 2008, Singer Lewak Greenbaum & Goldstein LLP (SLGG) moved to 71st from 77th in 2007, reflecting a 15.25% increase in revenue. In regional rankings, SLGG ranked as the 10th largest firm in the West and Southwest areas. Read more...



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Changes in Reporting Endowments Affects Non-Profit Organizations

The Financial Accounting Standards Board (FASB) has released a proposed position, titled "Endowments of Non-Profit Organizations." This proposal addresses how nonprofits will modify their reporting of endowment funds under the new Uniform Prudent Management of Institutional Funds Act of 2006 (UPMIFA). SLGG partners offer guidance. Read more...



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IRS Explains Tax Credit for Fuel Cell Vehicles

The Internal Revenue Service issued guidance to taxpayers who purchase certified fuel cell vehicles regarding what they must do to use the tax credit. The notice issued included procedures for vehicle manufacturers to certify that such vehicles meet the requirements for a tax credit. Currently, the amount of the tax credit available to purchasers of qualified fuel cell vehicles is based on the weight of the vehicle and when the vehicle is placed in service. But, fuel cell vehicles will have to offer consumers a viable alternative. Read more...

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Tax History Quiz

 
Q. In the 1930s, there were many ideas on how to solve the problems of the Great Depression, including a "Share Our Wealth" plan from one U.S. Senator. This radical plan would increase the taxes of wealthy people, only allow them a limited personal fortune, and redistribute the money to the poor. Who was the senator?

a. Robert F. Wagner
b. Huey P. Long
c. Daniel Patrick Moynihan
d. Strom Thurmond

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While economists continue to debate whether or not we are in a recession, one thing is clear: Business owners and executives are worried about the future. Every week, there is more bad news. Gas prices are soaring and home values are falling. Retail sales fell last month while unemployment rose. So what can your company do to weather the storm? Here are seven ways to help survive and even take advantage of an economic slump.
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You may want to avoid thinking about it. But the possibility that you may not be around until your children are fully grown needs to be addressed. Here are some tips on how to look for a legal guardian who can bring your children into adulthood if you are unable to do so.
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Review and improve your work environment and top talent will be knocking at your door. Here are the two key components to creating a thriving work atmosphere.
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Check fraud and bounced checks are a major problem for many businesses. The best defense is a proactive approach that prevents rather than detects the crime. Here are some ways to reduce the losses suffered from bad checks.
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Market rises as data eases economic fears
news.yahoo.com - Fri, 25 Jul 2008 21:44:28 GMT

 Wall Street Closes Higher Following Upbeat Economic Data
rttnews.com - Fri, 25 Jul 2008 21:42:07 GMT

 U.S. Stocks Rise As Data Lifts Gloom A Bit
javno.com - Fri, 25 Jul 2008 21:42:02 GMT

 UAE tops in providing luxury to expatriates
gulfnews.com - Fri, 25 Jul 2008 21:41:31 GMT

 What's the Point, Rediff?
fool.com - Fri, 25 Jul 2008 21:36:02 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 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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