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Website Vistor, welcome to The Advisor for May 12, 2008.
Covered for Workplace Illnesses or Injuries?

  
David Stiefel, MBA, CPA/PFS

Shareholder and Director, Family and Closely Held Business Services

You're insured, so why worry? Well, let's say you own a business, large or small. It may be a professional practice, an office, a retail store, or perhaps a consultancy that has you out of the office much of the time. You have medical insurance to cover illnesses and injuries and industrial insurance for your employees, so you don't need elective industrial insurance. Right?

Or maybe you have a nanny or other domestic help working in your home. Your nanny may have medical insurance, but likely doesn't, and you have a homeowner's policy. Again, you don't need industrial insurance for her potential workplace illnesses or injuries. Right?

Wrong on both counts. You may think you're covered, but it's very likely that you are uninsured when it comes to your health concerns that originate in the workplace. Many medical insurance policies specifically exclude workplace illnesses and injuries, and business owners and certain domestic workers are not automatically covered by Washington State's industrial insurance program―the Washington State Fund.

Click Full Article to learn more about your personal liability in the event of a workplace illness or injury, and why you should consider Washington's optional industrial insurance coverage.



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Need Better Access to Your Financial Records?

  
Mike Basilicato 

Manager, Information Technology Services

Imagine: Online access to your financial information, anytime, from anywhere. No security worries. And no time-consuming desktop updates or backup procedures.

If you use QuickBooks® or Peachtree® accounting software, Bader Martin―in partnership with technology hosting leader Right Networks SM―offers you an online, hosted accounting solution.

Click Full Article to learn more about the advantages of hosted accounting. And if you're already using Bader Martin's hosted accounting service, you'll learn about the benefits of our newly released upgrade.



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ANNOUNCEMENT: Compressed Summer Workweeks at 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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The current low
interest rate environment may lead to various estate and gift tax planning opportunities for affluent individuals. If you are interested in transferring wealth to your children, grandchildren or other beneficiaries, check out these six techniques that may help you and your beneficiaries profit from historically low interest rates and depressed stock values. We'll also tell you about a surprising new IRS ruling that gives more latitude to taxpayers setting up irrevocable trusts.
Copyright © 2008

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Here's a business rule you don't ever want to break:
Don't borrow from payroll taxes withheld from employees. The IRS views this money as sacred. That's why the penalties involving these funds are severe. You need to know who will be considered liable if payroll taxes go unpaid. Read the "Full Article" for an important heads-up.
Copyright © 2008

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The tax rules for claiming
charitable contribution write-offs have changed several times in recent years. In general, it is now more difficult to qualify for a tax deduction. Here is a rundown of the recordkeeping rules and other requirements you need to follow in order to claim a tax break for gifts to eligible charities.
Copyright © 2008

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Global stocks gain, dollar rises towards 2008 peak
news.yahoo.com - Thu, 21 Aug 2008 09:45:59 GMT

A few buildings at Union Station face tough times
stltoday.com - Thu, 21 Aug 2008 09:43:53 GMT

Eurasian Natural H1 profit surges; approves maiden interim dividend; sees strong growth in H2 - Update
rttnews.com - Thu, 21 Aug 2008 09:42:09 GMT

Tacoma after-school center provides math, reading help
thenewstribune.com - Thu, 21 Aug 2008 09:32:37 GMT

What went wrong at start-up Agami Systems?
mercurynews.com - Thu, 21 Aug 2008 09:31:56 GMT


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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. 

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