Profit Ability

ProfitAbility is Talley & Company's firm financial newsletter. It is released bi-monthly and contains information about today's financial environment.

To subscribe to Profit Ability, please click here.

Archived Issues (In HTML & PDF Format)

• April 2008

  Articles:
  	Cal State system students to repay fees for failed classes
  	IRS outsource of audit help to india...
  	Congress finally offers option to opt out of social securtiy...
  	H&R Block introduces drive-through tax return...
  	Inland Empire homeowners cash in on negative values
  Download:	(405 KB)

• June 2007

  Articles:
  	9 Shrewd Moves High Net Worth Individuals Can Make in 2007
  	8 Things To Do If You Are Audited...
  	Top 8 Things NOT to Say to an IRS Auditor...
  	Own a Rental Property? There are Many Ways to Save Taxes...
  	Stock Contest Update
  Download:	(85 KB)

• April 2007

  Articles:
  	New Plan to Raise OC Tax Revenues and Improve OC Area Commutes
  	Study Sheds Light on IRS Audit Formula...
  	PUC to Switch 949 Area Code in Select OC Cities to 909
  	Google Launches Program to Destroy All Information it Cannot Index...
  	New Tax to be Levied at Box Office...
  Download:	(187 KB)

• March 2007

  Articles:
  	Is it Possible that you Should Pay Your Taxes Now Rather than Later?
  	$4 for a Coffee? It Costs You a lot More Than That...
  	The 9th Annual Talley & Co. Stock Contest
  	Be Sure You are Aware of these Audit Flags...
  Download:	(234 KB)

• November 2006

  Articles:
  	FLPs Can be Great... Just Don't Abuse Them...
  	What Factors Make for a Happy Life?
  	IRS Ruling on Manufacturer Rebates...
  	New Retirement Plan Contribution Limits
  Download:	(218 KB)

• September 2006

  Articles:
  	Whatever you do, Think Twice Before Letting Your C-corporation Own Real Estate
  	What is the Tax System Costing You?
  	The IRS Summons PayPal Records...
  	Employers Have it Pretty Good in the US...
  Download:	(215 KB)

• June 2006

  Articles:
  	CPAs & Marketing Professionals... An Unlikely Pair
  	Verify Your Employees' Social Security Number
  	Estate Tax Exemption and Gifting Opportunities See Significant Increase in 2006
  	Top 25% Pay Nearly 90% of Nation’s Taxes...
  Download:	(491 KB)

• April 2006

  Articles:
  	55 Freeway to Be Converted to Toll Road
  	IRS to Offer Lottery Ticket Payment System
  	Social Security Administration Bans Popuplar Names
  	CPA Reality TV Shown Premiers on CNBC
  	Talley Client Patents Krispy Kreme Burger
  Download:	(153 KB)

• February 2006

  Articles:
  	Start the 2006 Tax Year Off On the Right Foot
  	Don't Expect Retirement Abroad to Save on Taxes
  	IRS Conducting Random S-corp Audits
  	What Determines Happiness in Retirement?
  Download:	(392 KB)

• December 2005

  Articles:
  	Year-End Tax Moves to Save Your Company Money
  	What the IRS Can Do If You Don't Keep Records
  	Donated Goods Values
  	IRS Charges $440 on 48-cent Bill
  	7th Annual Stock Contest Winners
  Download:	(233 KB)

• September 2005

  Articles:
  	Stopping Employee Fraud
  	Good News for Companies Using FSAs
  	Deducting Losses from Rental Properties
  	Who Makes What in Orange County
  	Meet Talley & Company's Sherry Brooks
  Download:	(249 KB)

• July 2005

  Articles:
  	Goodwill Remains a Factor When Buying and Selling Companies
  	Adding Personal Leisure Days to Business Trips
  	Talley & Company Moves Offices
  	7th Annual Stock Contest Update
  Download:	(170 KB)

• April 2005

  Articles:
  	Newport Beach to Become "Airport Beach"
  	Orange County Institutes Special Tax on Homes 2500 Sq. Ft. and Larger
  	IRS Surveying Taxpayers on Choice of New Logo
  	IRS Employs Mafia-like Tactics to Increase Compliance
  	OC Sheriff Forced to Use Compact Hybrid Autos
  Download:	(429 KB)

• February 2005

  Articles:
  	Why Your Company Might Be Audited
  	Beware of Answers From IRS “Help” Lines
  	IRS Announces E-Filing Requirements for Large Corporations
  	The Hammer Finally Comes Down on Jay
  Download:	(373 KB)

• December 2004

  Articles:
  	On Using Independent Contractors
  	Which Remodeling Receipts Should You Keep For Taxes?
  	Donated Goods Values Chart
  	6th Annual Stock Contest Wrap Up
  Download:	(225 KB)

• October 2004

  Articles:
  	A Quick Recap on Mileage Expenses
  	2004 Tax Relief For Families and Businesses
  	Humorous (true) News Headlines
  	High Debt Seen As Reason For Businesses Failure
  	Scotinsky Update
  Download:	(109 KB)

• August 2004

  Articles:
  	Home Sale Tax Exemption Loopholes
  	S-corps Must Treat Working Shareholders as Employees
  	Stop Giving the Government An Interest-Free Loan
  	Scotinsky Update
  Download:	(322 KB)

• June/July 2004

  Articles:
  	Beware of These Tax Schemes
  	Ways to Lower Income Taxes Through Charitable Giving
  	Proper Tax Treatment of Website Development Costs
  	How Long Americans Work to Pay Taxes
  Download:	(367 KB)

• April 2004

  Articles:
  	Standard Mileage Deduction to Apply to Air Travel Miles
  	Social Security Age Raised to 82
  	How to Speed Up Your Tax Refund
  	Figure Out your Chances of an Audit
  Download:	(319 KB)

• March 2004

  Articles:
  	The Best Way for Businesses to Own Real Estate
  	Expect Heightened IRS Audit Activity in 2004
  	Incorporation in Nevada
  	Who is Paying America's Tax Burden?
  	Meet Dave Szecsei
  	The Law Finally Catches Up to Jay Scotinsky
  Download:	(160 KB)

• December 2003

  Articles:
  	On Cutting Your Taxes Year-End
  	5th Annual T&C Stock Contest Wrap Up
  	Who is Paying America's Tax Burden
  	Just for Fun: America's Dumbest Criminals
  	Meet Dave Szecsei
  Download:	(196 KB)

• October 2003

  Articles:
  	Find Out A Little More About Your Lawyer
  	Choosing A Bank For Your Small Business
  	Is Your Home Price At A Justifiable Level? (Home P/E Ratio)
  	Who Qualifies as a Dependent?
  	Allowable Deductions for Refinancing Your Home
  Download:	(283 KB)

• August 2003

  Articles:
  	New IRS Rules for Lawyer Fee Reporting
  	Small Businesses to be Targeted in IRS Audits
  	Is Your Home Refinance Worth the Money?
  	The Lighter Side: Incredibly Stupid Criminals
  	Bush Tax Cut Timetable
  	Meet Joe Porter
  Download:	(173 KB)

• June 2003

  Articles:
  	Home Sale Tax Exemption Loopholes
  	Some High Points of Bush Tax Cut Plan
  	Thinking of Selling some Investment Property?
  	Important Estate Planning Documents
  Download:	(131 KB)

• April 2003

  Articles:
  	No Representation without Taxation Bill
  	California to Sell Off State Landmarks
  	New Tax Protections for Coca-Cola
  	Special Tax Allowances for Companies Using Temp Workers
  Download:	(120 KB)

• February 2003

  Articles:
  	Government Overestimation of Property Tax
  	Mining the Most Value From Your Home
  	What Should Someone Your Age Be Worth?
  Download:	(103 KB)

• December 2002

  Articles:
  	California Budget Crisis Triggers Tax Changes
  	Meet Todd Tillman
  	Sports & Entertainment: "Signing Bonuses" Issue
  	Donated Goods Values
  Download:	(199 KB)

• October 2002

  Articles:
  	When Choosing an Estate Executor
  	The Cost of Complying with the IRS
  	What Are Charities Doing With Your Money?
  	Meet Rob Morrow
  	New Tax Rates for 2002
  Download:	(187 KB)