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Hello, Website Visitor. Here are your articles for May 14, 2008.
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Hayden Dell, left, is pictured with country music artist Kevin Sharp during the recent Truck Convoy for Wishes sponsored by Stambaugh Ness Client L&H Trucking of Hanover. The trucking company personnel didn't know they'd be helping a member of the extended SN family when they agreed to become a major sponsor of the event. The Full Article explains how Hayden and his friends benefitted from the convoy.
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Steve Arnold | The world runs on data. If the data you use to operate your company or organization causes you to have sleepless nights, it might be time to consider using a database that is adequate for your needs. Stambaugh Ness Database Analyst and Report Writer Steve Arnold lists a few scenarios that might help you with that decision.
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Get the answers you need on Pennsylvania's Unemployment Compensation System at the PA Chamber's "Unemployment Compensation Roundtable: Understanding UC Taxes, Benefits and Hearings." The event is set for Tuesday, June 3 in Camp Hill. Topics are detailed in the Full Article.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, 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.
IRS Circular 230 Notice: To ensure compliance with requirements imposed by the IRS, we inform you that any US tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code.
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Stambaugh Ness CPAs/Business Consultants is pleased to announce the American Institute of Certified Public Accountants (AICPA) has accepted its 2007 peer review submission, which included an unqualified opinion. Peer review is a periodic outside review, performed by another accounting firm, of a firm's quality control system as it relates to its accounting and auditing practice. 
Does your business reward employees with bonuses and gifts? These gifts, as well as fringe benefits, may have tax consequences for your company and the recipients. While it's not impossible for an employer to give a tax-free gift to an employee, it is difficult to do, as one Tax Court case illustrates. Educate your employees about the tax implications of bonuses, fringe benefits and perks to prevent a backlash of employee dismay at tax time. Click "Full Article" for a look at the issue.
The IRS is always on the lookout for taxpayers who try to deduct losses on personal pursuits. However, that doesn't mean you can't enjoy a sideline business. Here are five recommendations for transforming your hobby into a business so you can generate a treasure chest of tax deductions.
