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Hi, Friend. Here are your Articles for September 3, 2008.
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SEC Proposes IFRS to Replace U.S. GAAP

The Securities and Exchange Commission (SEC) voted to publish, for public comment, a proposed roadmap that could lead to the use of International Financial Reporting Standards (IFRS) by U.S. issuers, which would replace U.S. Generally Accepted Accounting Principles (U.S. GAAP).  The Commission would make a decision in 2011 on whether adoption of IFRS is in the public interest and would benefit investors.  It has been noted that a common accounting language around the world could give investors greater comparability and greater confidence in the transparency of financial reporting worldwide.  The proposed multi-year plan sets out several milestones that, if achieved, could lead to the use of IFRS by U.S. issuers in their filings with the Commission.  Read on for more details. 



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Business of the Year Awards: Save the Date!

The Central Penn Business Journal's 2008 Business of the Year Awards will be presented on Monday, November 3, 2008.  McKonly & Asbury is proud to be a major sponsor of this annual event.  These awards honor area companies and individuals for their outstanding accomplishments in helping our business community grow and prosper.  Five businesses and one individual will be honored for their outstanding contributions to Central Pennsylvania's business community, as well as three business executives who will be awarded with the distinguished Hall of Fame Award.  Read on for more details and registration information.



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With Fall Tax Deadlines Approaching, Check Out the IRS’s Calendar

Fall isn't usually the time of year we think about taxes.  But for many companies and individuals, there are critical deadlines upcoming that you can't miss.  The IRS publishes a Tax Calendar that you can download a copy of, order a print version of, or even download to add to your Outlook Calendar.  With fall deadlines for extended corporate and personal returns approaching, along with estimated tax filing deadlines and other important tax dates, now would be a good time to check out this useful tool from the IRS.  Read on for more details. 



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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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Sharing your estate plans with your heirs is critical to the well being of your loved ones. To avoid future disputes, make your wishes clear — along with the reasons why you made certain choices. In addition, a candid discussion about estate planning allows you to ask your adult children about their plans to ensure the maximum family wealth is distributed to the younger generation.
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You can get a double bonus when you give appreciated assets to a charity. But don't donate too much! Here is some guidance on how you can maneuver large contributions to safeguard your tax deductions.
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When shopping around for a bank loan, you may be able to sweeten the terms so they meet your company's cash flow needs. Here's a banking secret that could help your company if you know what to ask for.
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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.

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