Ken Coyle, CPA, Managing PartnerOn the HorizonThe pace of change seems to have sped up considerably in recent months. It is more important than ever to seek guidance from a team of trusted experts who can help you sort out what needs your attention, take advantage of timely opportunities, and avoid costly, wrong moves. In this issue, we barely scratch the surface of what is on the horizon, so please call us about your specific concerns.As an aid in long-term planning, we are offering a 2010/2011 year-at-a-glance calendar. To request yours, visit us online at mnccpa.com or call 288-6621. Have a Merry Christmas! Email Ken at Ken_Coyle@mnccpa.com   Tax Tips
Elaine Norton, | Silver Lining for Homeowners, Workers and Small Business?The Worker, Homeownership and Business Assistance Act of 2009, signed into law on November 6th, extends two popular tax breaks the first-time homebuyer credit and the expanded net operating loss (NOL) carryback.First-time homebuyer credit. Scheduled to expire on November 30, 2009, this credit (10% of the purchase price up to $8,000) for principal residences purchased by first-time buyers has been extended to include purchases taking place on or before April 30, 2010. In fact, those who enter a binding contract by that date... continue reading... |  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Knight Bytes
James W. Osborne II, CNA, MCP, MCSA, IT Manager | Presenting Windows 7October marked the release of Windows 7, the latest version of Microsoft's Windows operating system (OS) product line. Microsoft has been developing the Windows OS for the past 25 years, and Windows 7 builds upon this long history, delivering a robust and well-featured product.As of this writing, we've not yet had access to the final product; however, we have utilized public betas, and a public final release candidate. In our testing, Windows 7 is slightly faster than Windows XP and much faster than Vista. It also offers some very intriguing features. continue reading... |  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Keeping Up | International Financial Reporting Standard... Coming to the U.S.Owners and CFOs of privately held companies, take note: In November 2008, the SEC released its proposed roadmap for the adoption of International Financial Reporting Standards (IFRS) in the U.S. At a joint meeting earlier this month, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) reaffirmed their commitment to improve both IFRS standards and U.S. generally accepted accounting principles (GAAP) and to bring about their convergence.continue reading... | Be sure to access MNC's online newsletters for Family Business, Construction and Medical Practice advice and information. Industry Ideas | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extension Noted | Capital Gains and Dividend Tax RatesThe long-term capital gains tax rate was lowered when former President George W. Bush signed the Jobs and Growth Tax Relief Reconciliation Act of 2003 from 8 percent to 5 percent at the lowest tier, and from 20 percent to 15 percent at the highest tier. The tax rate on qualified dividends was lowered from the taxpayer's marginal income tax rate to 15 percent.continue reading... | For Important Tax Dates, What's New in Technology, Financial Calculators and much more... See News You Can Use | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Advicefrom Capital Asset Management | IRA ConversionsVery soon, many high-income investors will face important decisions regarding their individual retirement accounts. Starting January 1, 2010, the income limits for converting a traditional IRA to a Roth IRA will disappear.Consider what The Wall Street Journal had to say about the change in the conversion rules: The change one of the biggest and most important on the IRA landscape in years will widen the entryway to one of the best deals in retirement planning... continue reading... |
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In the Spotlight | Kudosto Pat Byrne, CPA, Partner, voted Best Accountant and Best Financial Advisor in The New Albany Tribune's 2009 Hot 100.A Fond Farewellto Henry Kaelin, CPA, who is retiring after 27 years with MNC. We wish him all the best! Henry, front row center, is shown with his original partners when the firms merged in 1982. |  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
People and Events | Knightly NewsCongratulations to Matt Neely, Steven Sandman and Victor Evans, who passed CPA exam! Kevin Lippe earned Certified Fraud Examiner certification.Dan McCauley, was appointed to PKF Business Valuation & Litigation Support Committee. Congratulation to Scholarship Recipients Aaron White and Jessica McMillian, IUS, and Sam Brumleve,Bellarmine.  ChesscapadesJohn Pieper presents the MNC Inc.Credible Non-Profit Award to Teri Shirk, CEO of the Louisville Alzheimer's Association.More Chesscapades For Promotions and New Staff, visit our People Page! | Chocolate Passion See the show! The many winners of the MNC Chocolate Chess Set are featured on our website. Click to see!
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| © McCauley, Nicolas & Company, LLC | Autumn 2009 Subscribe |Unsubscribe | Industry Ideas | 812-288-6621 |
