SVA Press Releases


Buying or Selling a Manufacturing Business Seminar on May 14 3/24/2008 Managing risk when buying or selling a manufacturing business is the topic of an upcoming seminar hosted by Suby, Von Haden & Associates, S.C. “Buying or Selling a Manufacturing Business Seminar: Avoiding the Pitfalls” will feature Jim Lindell, CPA, president of Thorsten Consulting Group, Inc. The free seminar will be 7:30 – 9:30 a.m., Wednesday, May 14, at the Sheraton Milwaukee, 375 S. Moorland Road, Brookfield. Register by calling Amy Qualmann at (800) 279-2616 or e-mail qualmanna@sva.com. Suby, Von Haden & Associates, S.C., Certified Public Accountants and business consultants, has offices in Brookfield, Madison, and Neenah, Wis., and Rockford and Freeport, Ill.
Highlights of the Economic Stimulus Act of 2008 - Passed by House & Senate; President will Sign 3/3/2008 On Feb. 7, both the Senate and House of Representatives passed H.R. 5140, the "Economic Stimulus Act of 2008" (Stimulus Act). The measure is thus cleared for the President's signature. Details on the Stimulus Act will be available on tomorrow's Checkpoint© Federal Tax Updates Newspage.New Rebate. An eligible individual will receive a basic rebate equal to the greater of: (1) his net income tax liability up to a maximum of $600 ($1,200 for a joint return); or (2) $300 ($600 for a joint return) if either (a) the taxpayer's qualifying income is at least $3,000; or (b) his net income tax liability is at least $1 and gross income is greater than the sum of the applicable basic standard deduction amount and one personal exemption (two personal exemptions for a joint return). Qualifying income is earned income generally, veterans' disability payments (including payments to survivors of disabled veterans), and social security benefits. There will be an additional $300 per-child credit amount. The amount of the rebate (both the basic and the child's amount) phases out at a rate of 5% of adjusted gross income (AGI) above $75,000 ($150,000 for joint returns). The rebate won't be available if an individual's tax return does not include valid identification numbers (Social Security Numbers issued by the Social Security Administration). Boosted Sec. 179 expensing. For tax years beginning in 2008, the Stimulus Act increases the $128,000 expensing limit to $250,000 and boosts the overall investment limit from $510,000 to $800,000. Bonus first-year depreciation. The Stimulus Act generally permits a bonus first-year depreciation deduction of 50% of the adjusted basis of qualified property acquired and placed in service after Dec. 31, 2007, and before Jan. 1, 2009. The otherwise applicable “luxury auto” cap on first year depreciation increases by $8,000 for vehicles that qualify. In general, property eligible for bonus depreciation consists of: (1) tangible property with a recovery period not exceeding 20 years; (2) purchased computer software; (3) water utility property; and (4) qualified leasehold improvement property. Bonus depreciation will be allowed for alternative minimum tax (AMT) as well as for regular tax purposes.
Metherall joins SVA Healthcare Services 2/29/2008 Antonia (Toni) E. Metherall has joined the Madison office of SVA Healthcare Services, LLC as a healthcare consultant. Metherall assists healthcare management teams in developing business strategy, improving operations, and increasing operational efficiency. Prior to joining SVA, she worked in strategic business development for physician groups and hospitals. She is a registered nurse and holds a bachelor’s degree in hospital administration. SVA Healthcare Services, an affiliated company of Suby, Von Haden & Associates, S.C., Certified Public Accountants, provides consulting and administrative services to health care practices in southern Wisconsin and northern Illinois.
SVA Introduces New Executive Search Service 2/4/2008 SVA Staffing Solutions, LLC, a retained executive search firm, was recently established by the SVA Companies, the affiliated companies of Suby, Von Haden & Associates, S.C., Certified Public Accountants and Business Consultants. SVA Staffing Solutions provides executive search and employee recruitment services to companies and organizations in the health care, manufacturing, distribution, construction, real estate development, retail and non-profit sectors. Don Thayer was named director of the service. SVA Staffing Solutions’ headquarters is located at 1221 John Q. Hammons Drive, Madison, Wis., 53717. The phone number is (877) 459-8529. The SVA Companies have offices in Madison, Milwaukee and Neenah, Wis., and Rockford and Freeport, Ill.