September Newsletter, Vol 1, Issue 3

We're gearing up to help you with your year-end tax planning and the 2009 tax year is already more than halfway over and some deadlines are approaching quickly. Palius + O'Kelley wants to ensure that you have time to take advantage of the new tax-saving opportunities that were created with the American Recovery and Reimbursement Act (ARRA). Please review the laws below and be sure to conact us if you have any questions. We have also included an article on Key Performance Indicator's (KPI's).

Kristy Dandridge - Editor

First year 50% bonus depreciation. ARRA extends the 50% bonus first-year depreciation allowance that was available for 2008 acquisitions to acquisitions of qualifying property in 2009. The extension applies to qualifying property placed in service in 2009 (2010 for longer production period property and certain transportation property.)

Read more in the newsletter pdf attached below.