Austin Associates 2008 E-Newlsetter
May  __________________________________________________  2008
In This Issue
New Baby!!
Section 179
Award
B2B Tradeshow
New Baby!! 
Fishing
We are happy to share with you the joyful news that Becky Adams and her family have welcomed a healthy baby boy into the world.
 
Braden Adams
born May 12, 2008
Quick Links
 
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If you have any questions please contact one of our offices, located in Auburn, Norway and Windham and we will be happy to assist you.

Auburn (207) 783-9111

Windham (207) 892-6642

Norway (207) 743-7777

From Locations Within Maine 1-800-605-9263
 
If you know someone who may find this information useful, please click the "forward email" link located directly below.
 
-Thank you-
We have been adding a significant amount of material to our website and hope you will visit:
 
FishingRecently on my drive home from the office I observed a young girl, no more than 5 years old, holding a fishing pole on the edge of Pleasant Pond.  With a broad smile on her face she was looking up at, who I assumed was, her father with wide eyes, proudly displaying her catch of the evening.
 
Moments shared with our family and friends are often simple pleasures such as chatting over a cup of coffee or casting a line into the local pond. 
 
As you enjoy a BBQ in the back yard while spending time with your family and friends this summer, please know that our staff is available to provide business consulting, accounting and bookkeeping services so that you may focus on some of the other important matters in your life, such as helping to get the day's catch off the line of the fishing pole.
 
Hillary Eaton
Austin Associates, PA, CPAs
 
Section 179 Deductions &
2008 Federal Bonus Depreciation

Beginning in 2008, the maximum Code Section 179 deduction is increased to $250,000 for purchases up to $800,000 for the year.

 
Also
 
Effective for purchases made during 2008, 50% bonus depreciation is available for assets first placed in service by the taxpayer. 
 
Just a reminder, however, that the State of Maine only allows $25,000 of Section 179 (unchanged) and no bonus depreciation.
 
If you would like more information, we encourage you to contact your accountant.

 ~~~~~Earl B. Austin, Jr. Award~~~~
BaseballThe Auburn Lewiston Sports Hall of Fame has honored Earl B. Austin Jr. by presenting him with the first annual Earl B. Austin, Jr. Award  at their 25th Anniversary Banquet in April.  The award is in recognition of outstanding individual volunteerism, leadership and vision in support of athletes, coaches, teams and sports programs in the Auburn-Lewiston community.  By the establishing of this award in his name, the Auburn-Lewiston Sports Hall of Fame gratefully acknowledges the outstanding support and personal contributions of Earl B. Austin, Jr. as an organizer, founder, participant, supporter and loyal fan of athletes, coaches, teams, sports programs and organizations in Auburn-Lewiston.
Congratulations Earl!! 
 
13th Annual Androscoggin
Business
2 Business Tradeshow
~Go Green~
 
Androscoggin Bank Colisee, Lewiston
June 12, 2008
9:30am to 5:30pm
 
Look for our booth across from the concession area.  If you can guess how much "green" is on our money tree you could win $100 cash!!