FEATURED    2007 Year-end Newsletter     OTHERS

One-person 401(k) Plans for the Small Business Owner One-person 401(k) plans are becoming increasingly popular for businesses that employ only the owner. Given the right circumstances, such plans can allow a large amount to be contributed on behalf of the owner while maintaining flexibility in making contributions in future years.   New Tax Law Benefits Small Business Owners Congress recently passed and the President has signed yet another new tax law. This latest effort is called the Small Business and Work Opportunity Tax Act of 2007 (the Act).   IRS Warns Taxpayers of a New Phishing Scam The IRS recently warned taxpayers of a new phishing scam in which a phony IRS email tells recipients they can receive $80 by filling out an online customer satisfaction survey.