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.

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.

As 2008 draws into the home stretch, we at Gardiner Thomsen wanted to review some major new tax and reporting issues with you. There have been several exciting new changes and credits that have recently been enacted and we want to encourage you to take advantage of these benefits.

The Economic Stimulus Act of 2008 includes two valuable changes that allow much faster depreciation deductions for business assets.

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”)

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.