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Hi, Friend. Here are your Articles for October 8, 2008.
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Market Declines - Can I Take the Loss?

While our PCS group normally focuses on advanced wealth planning topics, we also need to be sensitive to timely issues that are affecting our clients. One of these issues is the current market condition, and it's possible effect on your tax situation. As portfolio values continue to decline, many have questions about when they can reap the tax benefits of their "loss". This article will review the rules surrounding deducting capital losses.  Read on for more detail.



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McKonly & Asbury Named Best Accounting Firm to Work for in 2008

Being named a Best Place to Work in PA for half a decade is a tough act to follow.  After five years on the list of best medium-sized companies to work for in Pennsylvania, we decided to try our hand at national recognition.  This week, McKonly & Asbury has been named one of the Best Accounting Firms to to Work For in the U.S. by Best Companies Group and Accounting Today - a leading industry publication.  The honor, judged and bestowed by the Best Companies Group, requires innovative approaches to managing the workplace, and follows a similar scoring system to the Pennsylvania list.   Read on for more details!



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Save the Date – M&A’s Affordable Housing Seminar – November 13th

McKonly & Asbury has built a unique reputation serving the Real Estate and Affordable Housing Industry.  It's a specialty few firms can boast.  If you are a client or friend of the firm who works in the Affordable Housing Industry, mark your calendar for a special seminar on Thursday, November 13th from 10am to 3pm.  Read on for more details. 



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After a turbulent week, Congress finally passed the "bailout" bill on Friday and President Bush quickly signed it into law. In addition to providing assistance to troubled financial institutions, the new law contains numerous tax provisions estimated at being worth more than $150 billion. Here is a quick rundown of some of the tax benefits, as well as a depreciation strategy that some businesses might be able to take advantage of under a law passed earlier this year.
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Workplace violence is prohibited by law and as an employer it is your responsibility to ensure a safe, hazard-free work environment. That may sound like an impossible proposition, but learning the signs of impending danger can help to both protect your employees and avoid a lawsuit. Read the "Full Article" for guidance.
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Your domain name is exactly the one you wanted, but now you need to protect it. Otherwise you risk some major costs in the future. Click "Full Article" for the five rules of registering, defending and retaining the name you worked hard to get.
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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.

The drafter of the tax articles in this e-newsletter did not intend nor write the advice to be used to avoid any penalty imposed by a taxing authority, nor may any user/recipient of this document use this document's written tax advice for that purpose. This document's tax advice was written specifically to support the promotion or marketing of the transaction/matter addressed by the written tax advice. Therefore, any user/recipient of this document should seek an independent tax professional's advice regarding the user/recipient's particular circumstances.

 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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