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The Whitlock Company News Update June 22, 2009
Dear Friends and Clients, 

Welcome to our first issue of The Whitlock Company News Update online newsletter.  We believe that it is more convenient and timely to communicate with you electronically.  Now we will be able to bring you breaking news as it happens.
 
We value our relationship with you, and hope you will find the information we provide to be of value to you and your business.  We encourage you to visit our web site, www.whitlockco.com for important tax law updates and other current topics of interest including: Community Banking, Accounting and Auditing, Employee Benefits and others.
 
The News Update will be published perodically but at least once a month.  Please let us know your thoughts on any article or any ideas you have for future articles.
 
Sincerely,
 
 
David Myers, Managing Partner
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Tax
How Will Obama's Tax Proposals Affect You?
 
Green Book
CCH recently published their Tax Briefing on the Obama Administrations "Green Book" of tax proposals.

Read the full summary by CCH Tax Brief .  Stay tuned!  we will be posting our thoughts on some of the more relevant proposals in the near future.


 
Tax
Will I Be Under Withheld for 2009 Taxes?
 
Your federal tax withholding has recently been reduced and there may be a consequence come tax time. In all likelihood, the reduction is attributable to the Making Work Pay Credit.  Read More...
Tax
The AICPA Publishes Business Brief on ARRA 2009
 
The AICPA an analysis titled "ARRA Part 1: How Business Can Leverage the Tax Benefits of ARRA 2009" and it covers some key planning opportunities available for businesses.  Read More...
Community Banking
Grant Thorton Addresses Bank Capital Requirements in Letter to Regulators
 
On May 6, 2009 public accounting firm, Grant Thorton sent a letter to Timothy Geithner, Ben Bernanke and Sheila Bair addressing bank capital requirements and the allowance for loan losses.  Read More...
In This Issue
How Will Obama's Tax Proposals Affect You?
Will I Be Under Withheld for 2009 Taxes?
AICPA Publishes Business Brief on ARRA 2009
Community Banking-Grant Thorton Addresses Bank Capital Requirements in Letter to Regulators
Featured Article
Featured Article
 
Our Media and Resources page on our website includes Whitlock Resources that provide links to: 
 
Info Center-Includes tax event calendar, tax forms library and IRS Tax Publications library 
 
Financial Tools-Includes various financial planning tools, calculators and spreadsheets 
 
Newsletter-Additional tax articles and analyisis
Quick Links
Feedback
 
Do you have questions or comments on this brief? Suggestions for future topics? We appreciate your feedback.

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About Us
 
The Whitlock Company is a full-service CPA firm. However, we excel in areas beyond traditional accounting services. We help you grow and protect your assets with our wealth management services. We offer outstanding consulting services for clients in a variety of fields including Community Banking, Manufacturing and Distribution, Not-For-Profits and Higher Education. We are not only a full-service CPA firm; we are a full-service professional services company. For more information on how we can change your business, please contact us.
 
Sincerely,
 

Small logoThe Whitlock Company