News

LEWISBURG, Pa.  – Rich Barlett, CPA and Mike Klees, CPA, shareholders with Lewis Barlett Klees, PC, recently attended a conference titled Tax Update for the Small– and Medium-Sized Business.  2009 has been a very challenging year economically for small- and medium-sized businesses, and any tax benefit available to these businesses is something every tax practitioner should be aware of.  This conference focused on new tax benefits and planning strategies businesses can take advantage of in 2009 and 2010, resulting from new legislative, regulatory, and case law developments. 

The topics covered were:

-   New tax legislation in 2009 impacting small- and medium-sized businesses

- The opportunity to carry back net operating losses five years for 2009

- Maximizing depreciation deductions in 2009

- Case law impacting individuals, small and medium-sized businesses, and business owners

- New IRS regulations and pronouncements impacting individual taxpayers, small and medium-sized businesses, and business owners

- Planning opportunities based on 2009 tax legislation, IRS regulations, and case law that will save clients dollars in 2009 and 2010