Website Vistor, welcome to The Advisor for September 15, 2008.

  Great Advice from Bader Martin

Chris Strand, MST, CPA
Principal, Tax Services 
Director, High Net Worth Services

You've heard it before. Americans are simply not saving enough for retirement.

The first baby boomers have now reached their 60s. Life expectancies continue to increase. Corporate America is terminating traditional pension plans. Yet the retirement accounts of most people are woefully inadequate.

Conventional wisdom says that you should deposit roughly ten percent of your gross income into your retirement account each year. If you're in your 50s or rapidly approaching them and you haven't been saving enough for retirement, you should deposit even more.

The good news is that it's never too late (or too early) to save for your retirement-and the federal government can help.

Click Full Article to learn about how you can build your retirement account and, if you're retired, a strategy for managing your money.

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Rollie Garner, CPA (GA) 
Manager, Tax Services

Contributor to this article: Aron Segal, CPA, a professional in Bader Martin's tax and not-for-profit practices

"It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so." Mark Twain probably wasn't speaking to business owners, but he could have been.

You may think you're running a business, whether it's your primary source of income or an activity you pursue to supplement your income. But if you've been operating at a loss―in other words, your income is less than your deductions―the IRS may view your activities as a hobby and disallow otherwise deductible expenditures.

Click Full Article to learn more about the IRS' hobby loss rules, and how to ensure they won't apply to you.

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  Timely Opportunities

Is your business feeling the effects of the current economic downturn? There might be a way to give your firm a financial boost without cutting back on expenses. It all has to do with the method your firm uses to account for its inventory -- FIFO or LIFO. Here are the details.

 And ... could LIFO be repealed? Click "Full Article" for the answer.
Copyright © 2008

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  Sales

The most valuable asset you have is time. You need to get past the gatekeepers to the decision makers. Follow these five "Rules of Qualification" to help get to the right people to make the sale.
Copyright © 2008

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  Marketing

A customer questionnaire is only as good as the information it gathers. A focused, well-designed survey increases the odds of getting the feedback you need. Click "Full Article" for three savvy moves to learn more about your customers.
Copyright © 2008

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  Latest Business Headlines

New York Times Oct. revenues down 9.4%; cuts quarterly dividend by 74% - update
rttnews.com - Fri, 21 Nov 2008 00:40:03 GMT

Top British Tour Operators Reduce Offerings In Anticipation Of Weak Sales
AllHeadlineNews.com - Fri, 21 Nov 2008 00:35:02 GMT

Magazine names Jetta TDI 'Green Car of the Year
mercurynews.com - Fri, 21 Nov 2008 00:33:58 GMT

Report card: Patients less satisfied with HMOs
sfgate.com - Fri, 21 Nov 2008 00:32:54 GMT

Democrats demand U.S. Big 3 offer survival plan
news.yahoo.com - Fri, 21 Nov 2008 00:27:40 GMT

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  Disclaimer of Liability

The subject matter contained in this newsletter is often complex, with nuances that cannot be fully described in a single article or announcement. It is therefore vital that you consult with us -- and your legal and investment advisors, as appropriate -- before implementing ideas contained in the newsletter. Bader Martin, PS is not responsible for misinterpretations, errors, or omissions related to the content of this newsletter. Nor are we responsible for its applicability to your personal, business, or tax situation.