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Many organizations have approached Computer Security Incident Response Planning similar to renewing insurance. Both are required and hopefully you will never need to examine the critical details. A few years ago that analogy was closer to the truth but recent experiences with companies across many industries indicate that times have changed. A security breach is no longer an inconvenience to the operations of the organization; it can be a full assault by customers, the media, regulators, and stockholders that can shake the foundation of the organization and possibly wipe out your brand equity. Is your organization ready? If your planning is similar to companies who recently experienced a security breach with the required subsequent public disclosure then the answer is probably no.
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As 2007 closes and 2008 begins, you may start to think about filing your 2007 tax returns. You will have only until April 15, 2008 to file. There is no additional day this year because Patriot's Day falls a few days later this year.
As you give thought to those 2007 tax filings, you should consider these new income tax developments for 2007 and 2008:
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Daniel P. DeVasto, CPA, President and Chief Executive Officer of Wolf & Company, P.C., Certified Public Accountants and Business Consultants, is pleased to announce that Michael D. Cohn has been made Principal of the Firm.
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Business West, the premier business publication for Western Massachusetts, has selected Dan Morrill as one of the first recipients of their inaugural "40 under 40" Award.
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Chart taken from Spring, 2007 Bank Tax Newsletter
Updates:
Current Mileage Rates,
Social Security Contributions,
401K Contribution Limitations,
Traditional and Roth IRA Contribution Limitations,
Student Loan Interest Deductions
Section 179 Expense
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