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Hi, Friend. Here are your Articles for November 12, 2008.
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How Does Your Business Measure Up?

During these unique economic times, contractors are becoming curious about how their enterprise is doing when compared to the past performance of their competition. It might seem like a difficult task, but there is a way to find out. Contractors can compare performance by a measuring tool called "benchmarking".  Read on to learn more.   



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Will Obama's Tax Policy Work?

Election day has come and gone and the new face of our country is Senator Barack Obama.  Most people have come to associate the word "Change" with Senator Obama and he has not disappointed with his proposed comprehensive tax plan. At the core of his tax policy is middle class tax relief, which will cut taxes for 95 percent of workers and their families.  Read on for a look at some of these changes and to find out what they mean for you – the taxpayer. 



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New Form 990 Seminar: December 8th

If you are a client or friend of the firm who works in the Non-Profit Industry, mark your calendar for a seminar, hosted by McKonly & Asbury, on Monday, December 8th from 1pm to 5pm.  This seminar will feature the M&A Team discussing changes related to the new Form 990 as well as what you can expect in regards to the changes. Read on for more details.



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The key to maintaining a healthy balance of money flowing in and out of your business is to understand the cash cycle and take steps to improve it. Click "Full Article" for a dozen ways to help increase your company's cash flow.
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The current low interest rate environment may lead to various estate and gift tax planning opportunities for affluent individuals. If you are interested in transferring wealth to your children, grandchildren or other beneficiaries, check out these six techniques that may help you and your beneficiaries profit from historically low interest rates and depressed stock values. We'll also tell you about a surprising IRS ruling that gives more latitude to taxpayers setting up irrevocable trusts.
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Ratings are critical in deciding whether to offer credit to a customer and in determining a credit limit that the customer is likely to maintain. Once you start letting customers buy on credit, however, you can set your own in-house ranking to further categorize the risk quotient of your buyers and help minimize your company's risks.
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Extended absences can create special problems when employees finally return to work. They can feel out of touch with both the company and their colleagues. Being aware of those problems can help ease the transition. Read the "Full Article" for tips on how to help your returning staff members get back to business as usual.
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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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