| IRS Imposes New Reporting Requirements on Not-for-Profits |
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Janice Schlemmer, CPA, Senior Tax Manager, Baden, Gage & Schroeder, LLC
The IRS is paying more attention to not-for-profits following reports of some organizations paying excessive compensation to certain directors, participating in tax shelter schemes and engaging in other improper transactions. As a result, the tax agency has increased the reporting requirements for IRS Form 990, which must be made available to anyone from the general public upon request. Click "Full Article" for a look at the many changes and how they affect organizations. | |
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| Time May be Running Out |
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Perry M. Schroeder, CPA, Managing Director, Baden, Gage & Schroeder, LLC
A Grantor Retained Annuity Trust (GRAT) is one of the estate planning techniques based primarily on interest rate assumptions and the Internal Revenue Service's measuring standard (the section 7520 interest rate). Based on current financial conditions the 7520 rate for the month of September is 4.2%. This historically low rate may be headed upwards as interest rates increase. Click "Full Article" for the first in a series about estate planning techniques. | |
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| Labor Day: Build a More Engaged Workplace |
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Most employers know that some of their greatest assets are on the personnel roster rather than the balance sheet. But even at the best companies, many employees are just "phoning in" their efforts. That affects productivity and the bottom line. Click "Full Article" for some ideas on how to build a more dedicated workforce, and to learn the origins of the Labor Day holiday.
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| Keep Top Talent on Board |
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Building an effective staff means giving employees plenty of leeway. A desirable environment combines a focused, flexible atmosphere with open communication and challenging work. Here are some smart, family-friendly elements to help your company retain top employees.
Copyright © 2008 |
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| Resolve Customer Billing Disputes Promptly |
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Customers' disputes over their bills hurt your business and your cash flow, and unfortunately many companies seem permanently entrenched in collection conflicts. Click "Full Article" to learn the signals that can indicate your company is one of those, along with steps that can help avoid problems.
Copyright © 2008 |
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Baden Business News is provided with the understanding that it does not provide an accounting, tax or legal service. Contact a qualified professional with any questions or concerns about the information presented in this newsletter to investigate how it may apply to your specific 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. |
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