The straight line

Category Archives: Small Business Planning

“Red Flags Rule” Enforcement Delayed

Businesses now have until August 1st, 2009 to comply with the Federal Trade Commission’s (FTC) “Red Flags Rule.” The Fair and Accurate Credit Transactions Act of 2003 directed financial regulatory agencies, including the FTC, to create rules requiring “creditors” and “financial institutions” with covered accounts to implement identity theft prevention programs.

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New COBRA Provisions in the Stimulus Law

For employers, the time is now to comply with a little-known provision in the new stimulus law, signed by President Obama on February 17th. Part of the American Recovery and Reinvestment Act of 2009 is a revamping of COBRA law for certain employees.

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Sections 199 Deductions

By that we mean, continue to utilize at the Cooperative level, pass the benefit through to the patron or a combination of both. We envision recommending some alternatives that will utilize non-qualified patronage allocations also. Our goal is to help you further strengthen your balance sheets and manage your members’ equity to best fit your situation or long-term plans.

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Mergers – No More Pooling

As most of you know, the pooling of interests method simply combined the accounts of each merging company at book value, with no adjustments to reflect market value differences. In addition, retained savings of both companies were also combined.

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