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Hello, Website Visitor. Here are your articles for October 8, 2008.
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 Kelly Chambers | Stambaugh Ness Manager Kelly Chambers, CPA recently joined the Board of Directors of the United Cerebral Palsy (UCP) of South Central Pennsylvania. Read more about Kelly's volunteer activities in the Full Article.
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Jim Gante
| In today's economy, you might be reluctant to invest in new equipment or vehicles. But a tax law passed earlier this year makes 2008 a good time for many businesses to add or replace assets...and let Uncle Sam help pay for them. The Economic Stimulus Act included changes that allow faster depreciation write-offs. Small Business Manager Jim Gante, CPA, tells us why it's important to understand the consequences before making purchases. Here are the details, along with considerations that may come into play.
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Ken Saxe | Stambaugh Ness Business Solutions focuses on providing computer implementation and support services in addition to software implementation, training and support services. So, it seems natural to many that we should also sell the same technology equipment that generates all our work. Not so, says Senior Technical Consultant Ken Saxe. And here's why...
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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.
IRS Circular 230 Notice: To ensure compliance with requirements imposed by the IRS, we inform you that any US tax advice contained in this communication is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code.
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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.
