Hi, Website Visitor. Here are your Articles for June 4, 2008.
Glossary:
A
| B
| C
| D
| E
| F
| G
| H
| I
| J
| K
| L
| M
| N
| O
| P
| Q
| R
| S
| T
| U
| V
| W
| X
| Y
| Z
Rea & Associates, Inc. Announcements
2008 Fixed Assets & Depreciation
Even though 2008 is about half over, it's not too late to think about the tax implications of your business's fixed asset purchases. As you may know, when you buy a fixed asset, you must capitalize and depreciate it over a fixed number of years, thus spreading the tax deduction over multiple tax years. But did you know that the IRS allows a full deduction of fixed assets in the year it is placed in service using what is commonly referred to as Section 179?
Good organizing habits shouldn't end when you leave the workplace. As more people continue to work at home, at least part of the time, there is an increasing need to organize and secure your home office. Take control over the piles of paperwork that comes across your desk.
The IRS has announced that economic stimulus payments directly deposited to individual retirement accounts (IRAs) and other tax-favored accounts may be withdrawn tax- and penalty-free.
Too Global or Not Too Global? That is the Question
That's not a typo. As we are faced with new global accounting standards, we can't help but ask ourselves: is accounting going too global? Are these standards more than we need for our U.S. operations?
Discrimination based on genetics will soon be illegal for U.S. employers. President Bush recently signed the Genetic Information Nondiscrimination Act into law, which goes into effect next year. The new law also prohibits discrimination in health insurance based on genetic information. Here is a look at how employers will be affected.
We take great care in the preparation of our articles and announcements. We also have a process of reviewing articles when major changes take place. The business, legal and tax climate is constantly changing especially when reviewed on an industry basis.
It may be very important to consult with us or your Investment Advisor before implementing ideas contained in articles and announcements. Many ideas have complexities and nuances that cannot be adequately detailed in the articles or announcements. We are not responsible for errors, misinterpretations or omissions related to these articles or announcements. Nor are we responsible for the applicability to your personal, business or tax situation.
Pursuant to Circular 230 promulgated by the Internal Revenue Service, if this email, or any attachment hereto, contains advice concerning any federal tax issue or submission, please be advised that it is not intended or written to be used, and that it cannot be used, for the purpose of avoiding federal tax penalties unless otherwise expressly indicated.
419 West High Avenue New Philadelphia, OH 44663-5120