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Hello, Here are your Articles for July 1, 2008.
The Small Business Advisor

Welcome to a new section of the O'Sullivan Creel e-Newsletter entitled "The Small Business Advisor" – a column dedicated to general business issues facing small business owners.  This month we'll address the topic of "When or whether to sell my business".

Deciding to sell a business you have founded, nurtured, and grown can be agonizing .... or liberating. However, utilizing an objective and disciplined process will alleviate much of the stress and anxiety the sale of a business can generate.  Before initiating the sell process, I always advise clients to consider the following list of key questions to aid in the decision making process.

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There has been a flurry of tax changes in recent weeks that may be beneficial to you:

  • Last week, the IRS increased the standard business mileage rate for part of 2008.
  • Despite being vetoed by President Bush, a new Farm Relief Act was finally enacted.
  • Congress passed tax relief provisions for military personnel and their families.

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    If you hire teens after school and during the summer,     make sure you comply with the federal work laws involving the construction industry. The consequences for violations can be costly. Here's what your company needs to know.
    Copyright © 2008

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    For a robust bottom line,     teach all staff members in your company how and why customers make purchases. The better your employees work with customers, the brighter your profit picture will be. Click "Full Article" for four key areas to include in a training program.
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    A centuries-old marketing technique can give new life to your sales with little effort or cost. Take a shot at "viral marketing" and watch your business explode. Here are the major symptoms of a good viral campaign.
    Copyright © 2008

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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.

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