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Articles with the keyword "recession resources"

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Recession Relief: Rounding Up Recent Tax Developments

In today’s difficult economic environment, managing cash flow and liquidity are keys to survival for many companies. Fortunately, the IRS and lawmakers have provided some assistance in the form of tax breaks. Some recent legislative and regulatory changes may provide…

Surviving the Upturn Resources

Unemployment rates are dropping; housing prices are rising and many economists are tentatively predicting U.S. economic recovery. Finally, some good news. But now what? As a business owner, you have survived one of the most challenging periods in the life…

The Economy Is Down—Bring Your Tax Bill Down With It

These stressful economic times might offer a few short-, mid- and long-term tax planning strategies that will help alleviate your tax bill. Losses are never a good thing. However, when it comes to your business, you might be able to…

How to Approach Strategic Acquisitions During Downturns

Mark W. Robertson, CPA, CFF, CIRA, CM&AAPractice Leader, Transaction and Lender Support Services mrobertson@BlackmanKallick.com, 312-980-3263 Why Buy the Farm When You Can Buy the Most Productive Cow?: Values are falling and the need for liquidity is forcing the sale of…

Emergency Economic Stabilization Act of 2008 Offers Many Tax Benefits

On Oct. 3, President Bush signed H.R. 1424, the Emergency Economic Stabilization Act of 2008 (the Act) into law. This 451-page bill establishes a $700 billion Treasury fund to purchase troubled assets from financial institutions.The Act also includes 41 pages…

10 ways to take advantage of troubled times

By Patrick F. McNally, MBA, CPA, ABVPartner in Charge, Corporate Finance Consulting pmcnally@BlackmanKallick.com, 312-980-2934Any change is an opportunityFor those who are prepared, the current recession represents an opportunity. If things are going along and nothing has changed, you have to…


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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.