Website Vistor, welcome to The Advisor for April 28, 2008.

  Great Advice from Bader Martin

Walter Smith, CPA 
Managing Shareholder

The potential benefits of a compressed workweek are many: less traffic congestion, reduced gas consumption and corresponding pollution, an enhanced ability to balance personal and work commitments―and don't forget the three-day weekends!

One study even found that a flexible work environment promotes healthier lifestyle habits.

This year, Bader Martin is piloting a program of compressed workweeks during the summer months. Beginning the week of May 12 and extending through the week of August 11, we'll be working longer hours Monday through Thursday and closing the office on Friday.

It's important that you know our new schedule does not mean we will be unavailable if you need us on a Friday.

Our commitment to serving our clients and professional colleagues remains our top priority. If we're needed for a meeting or other event on a Friday, we'll be there. If we need to work on a Friday to meet an important deadline, we'll do so. In addition, all of our professionals will monitor voicemail and be available to return phone calls during what would otherwise be normal Friday business hours.

We're excited about the benefits of our new, flexible approach to the summer. If you have questions or concerns about its potential impact on you, please let us know.

Click Full Article for instructions on leaving voicemail messages in either Bader Martin's general mailbox or the personal mailboxes of our staff members.

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Andrea Bonaccorsi, CPA 
Manager, Tax Services

Apparently actor Nicolas Cage can't, at least according to the IRS. Cage is accused of wrongly deducting more than three million dollars in personal expenses―including meals, gifts, travel, and even his private jet!

Some of Cage's disputed deductions were claimed on his personal tax return, others on the return for his business, Saturn Productions. The IRS also considered the disallowed Saturn Productions deductions to be salary and dividends to Cage, and therefore taxable on his personal return.

All told, the IRS claims that he owes nearly two million dollars in taxes and penalties. Cage's business manager claims that the expenditures are deductible business expenses because they are customary in the entertainment industry.

Who's right? If you're not always sure of the difference between personal and business expenses, it seems you're in good company.

Click Full Article to learn more about the rules for deducting business expenses.

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  Timely Opportunities

Gasoline prices are at record highs with the nationwide average cost-per-gallon hitting $3.57 last week. That makes fuel a prime target for cost-cutting. Here are some smart ways your company can help boost its bottom line by taking smart driving and vehicle maintenance steps.

 What is the most expensive state to buy gas? Which passenger vehicle is the most fuel-efficient? Click "Full Article"
Copyright © 2008

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  Management

Gossip and innuendo can shake the foundations of even strong organizations. Obviously, your company doesn't want false or hurtful stories spreading through the workplace, but how do you prevent it? Click "Full Article" to find out how to deal with rumors -- and learn why you don't want to institute a broad-based ban on workplace gossip.
Copyright © 2008

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  Operations

Performance evaluations can be a tough problem. You want to trust your managers to handle them well, but you may worry that they don't take evaluations as seriously as you'd like or they let personal feelings influence their reports. Click "Full Article" to find out how to get a second opinion.
Copyright © 2008

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  Latest Business Headlines

U.S. Ready To Talk About Temporary Visas At WTO
javno.com - Sat, 26 Jul 2008 18:36:51 GMT

Why the Housing Bust is Good for the Homeless
newsweek.com - Sat, 26 Jul 2008 18:31:06 GMT

Housing rescue bill heads to Bush
detnews.com - Sat, 26 Jul 2008 17:51:10 GMT

Ford To Focus On Small Fuel Efficient Cars, Slows Down On Trucks, SUVs
AllHeadlineNews.com - Sat, 26 Jul 2008 17:49:20 GMT

FCC OKs satellite radio merger
msnbc.com - Sat, 26 Jul 2008 17:30:03 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.