The straight line

Category Archives: Personal Tax

Technology Spending

All companies should include strategic technology plans as part of their overall business plans. This helps balance the need for new technology now and in the future.

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UBIT…Yes Indeed!

Our firm’s position has not changed in the last year. We are still encouraging our clients to make the appropriate tax filings (990-T) to comply with Internal Revenue Code Sections 511-513.

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Tax Relief for Victims of Floods and Storms

Businesses, retirees, and self-employed individuals who owe quarterly payments or who must file various returns will have extra time to do both. Due dates vary but you can find details for your state and county on the IRS Web at: http://www.irs.gov (click on: “IRS Provides Disaster Relief to Ike Victims”)

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Dow Jones and Portfolio Declines

As I write this article on Tuesday morning, September 30th, the stock market is in turmoil. Coming off of the single day largest loss in the Dow Jones history, I am fielding calls from nervous and anxious clients asking for tax advice, mostly dealing with investment losses and portfolio declines.

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Accounting Standards Codification

The Codification reorganizes the 1000’s of U.S. generally accepted accounting principles (GAAP) pronouncements into 90 accounting topics, and displays them all using a consistent structure. Pronouncements from multiple standard setters and related literature are covered. It is intended to reflect GAAP for non-governmental entities.

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