Key Links
Message from Jonathan Godwin
Whoa! Is that my accountant on YouTube?
Expected Tax Provisions Included in Proposed Stimulus Package
Tax Law Change Addresses "AMT Patch"
Myhand Earns CPA
Tax Law Changes
Accountable Plans / Shareholder Compensation
Changes in IRS Tax Law Effective 2008 Tax Year
Small Business Work Opportunity Act of 2007
Tips for Managing Your Small Business Bank Account
First Quarter 2008
Greetings to you all!
We want to thank you for following us into another excit
ing year! There are many exciting changes facing our country and our business community as we enter 2008, and as we hear of the changes sweeping our landscape we’ll update you as necessary on this website and by regular mail.
The year has already started off with a bang as most of you already know! In some respects, the bang brings with it uncertainty as in the case of the recent stock market activity and the housing slumps, and in some respects we see exciting changes as in the case of the pending presidential election and the recently proposed tax changes in the economic stimulus package (see the recently posted article on this site).
With regard to the stock market roller-coaster, we want to make a blanket statement to all of you: we strongly encourage you to speak with your financial advisor and receive a full dose of the actual news rather than gathering biased data from news sources. While I agree that news is great for some things, I strongly agree with my close friend and financial advisor Chris Beard, CFP with Raymond James when he tells me to be careful with what I take away from financial news on television and the internet. There are so many forces at work in the world markets and it’s difficult to garner enough understanding from news to make unemotional decisions. So, please consult with your advisor (or let us refer you to Chris Beard, CFP) before you make decisions about your assets in this up and down market time.
With regard to the recently announced tax cuts and rebates, please see our newly posted article on this website. There are some exciting and helpful provisions included in the stimulus package, although the package is not final yet. The Senate still needs to sign off on it and there is a strong possibility that some of the provisions will be altered just a bit. Rest assured that as the election grows closer and our nominees become more evident, more tax-talk will take place. Keep your questions coming and we’ll investigate the news as best we can for you. We expect to be kept busy this year as the economy becomes a topic of extraordinary interest in the pending election.
Oh, lest we forget, it’s tax season again!! We are excited about seeing those of you that we only see once each year at this time, so please make sure you say hello when you stop by. We have already seen several new clients referred to us this year, so to those of you who pass our name along to your colleagues and friends, we say a sincere “Thank You!”
We have introduced some new services to our business clients over the past few months, and added some services to our firm’s menu. We now have the ability to produce financial data for our business clients which includes narrative and commentary regarding industry benchmarks and industry comparisons. The information has already proven very helpful to some of you, and if you have not seen this data yet and are interested, please let us know. We will be happy to show you some sample reports and provide this useful information to you and your business.
OK, it’s time to get back to work now. Take care, and we’ll be seeing you all very soon! We will look forward to it. We continue to wish you a prosperous and successful 2008!!
Best regards,
Jonathan I. Godwin, CPA
