As required by U.S. Treasury regulations (Circular 230), please be advised that any tax advice contained in this communication was not intended or written to be used, and cannot be used, by any recipient for the purpose of (i) avoiding tax-related penalties under the U.S. Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax-related matters addressed herein.

Summary of Privacy Policy: CPAs have been and continue to be bound by professional standards of confidentiality that are even more stringent than those required by federal and state laws. For current and former clients, We do not disclose any nonpublic personal information obtained in the course of my practice, except as required or permitted by law or authorized in writing by you. Please contact us if you have any questions.

PADGETT BUSINESS SERVICES® is dedicated to meeting the tax, government compliance, profit and financial reporting and payroll needs of businesses with fewer than 20 employees in the retail and service sector of the economy. This website suggests general business planning concepts that may be appropriate in certain situations. It is designed to provide complete and accurate information to the reader. However, because of the complexities of the tax law and the necessity of determining whether the material discussed herein is appropriate to your business, it is important you seek advice from your Padgett office before implementing any of the concepts suggested in this website.