Hi, Website Visitor. Here are your Articles for October 22, 2008.
Rea & Associates, Inc. Announcements
Improve Your Internal Controls and Reduce Fraud in 90 Minutes
When a company makes payments for goods or services received, the company's computer system uses a file that contains key information for each vendor in order to print the check or make an electronic payment. In a year, this file can grow to thousands of records. An annual clean-up can help your business reduce fraud and improve internal controls.
Tax Benefits Available for Charitable Contributions from your IRA
Have you started taking minimum distributions from your IRA and also contribute to charitable organizations?The Economic Stabilization Act of 2008, recently signed into law, contains a provision which could save you significant tax dollars.
Thenew revisions effective for 2008 filings of Form 990 – Tax Return for Exempt Organizations, not only focuses on additional information intended to enhance transparency of the organization's operations for both the IRS and the public, but has increased the roles and responsibilities of their trustees.
In 2007, healthcare fraud was estimated to cost as much as $220 billion, and is increasing each year. Although the most common types of fraud are perpetrated by healthcare providers, patients can help reduce its occurrence by understanding how common schemes work.
We take great care in the preparation of our articles and announcements. We also have a process of reviewing articles when major changes take place. The business, legal and tax climate is constantly changing especially when reviewed on an industry basis.
It may be very important to consult with us or your Investment Advisor before implementing ideas contained in articles and announcements. Many ideas have complexities and nuances that cannot be adequately detailed in the articles or announcements. We are not responsible for errors, misinterpretations or omissions related to these articles or announcements. Nor are we responsible for the applicability to your personal, business or tax situation.
Pursuant to Circular 230 promulgated by the Internal Revenue Service, if this email, or any attachment hereto, contains advice concerning any federal tax issue or submission, please be advised that it is not intended or written to be used, and that it cannot be used, for the purpose of avoiding federal tax penalties unless otherwise expressly indicated.
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