Turbulent Times for Veterinary Borrowers?

Although Wall Street is in a melt down, and financial institutions are scrambling, many core veterinary lenders are "business as usual" and they are alive and well.

On Monday, two of SmartStart's key advisors spent the day at Matsco, one of the industries leading veterinary lenders. With more than 2 decades of experience Matsco has witnessed considerable good and bad economic changes and lending challenges. The good news for Matsco is its key relationship with Wells Fargo, currently still rated AAA by Moody's and the S&P. Wells Fargo has strong finacial asset reserves and less exposure to the sub-prime mortgage mess than other lenders. Matsco reports its portfolio is in excellent shape and they intend to continue to increase lending not decrease it as we complete the 2008 year.

In trouble times two things are known facts. Animals need medical services and veterinary practice ownership is the best option for job security.

Super Collection of IRS Forms

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No more searching endless pages of the IRS.gov website. Now you have time to grab that cup of coffee you've been meaning to get since you got to work this morning!

New Tax Laws Means New Savings For You

Published from moneycentral.com.

Every year, the Internal Revenue Service adjusts the standard deduction to account for inflation. This is the basic deduction that all taxpayers get.

But don't just take the standard deduction. Total up all your deductions every year. If the total of your itemized deductions exceeds the standard deduction, then, by all means, itemize. It will save you money.

If your deductions don't exceed the standard deduction, then don't itemize.

2007 standard deductions Filling status Amount
Married filing jointly or qualifying widow or widower
$10,700

Head of household
$7,850

Single
$5,350

Married filing separately
$5,350

2008 standard deductions Filling status Amount
Married filing jointly or qualifying widow or widower
$10,900

Head of household
$8,000

Single
$5,450

Married filing separately
$5,450

Also the standard mileage rate for automobile use for business purposes or charitable activities, or for moving or medical expenses has increased for 2008.

For 2007, the standard mileage rates are:

48.5 cents a mile for business use.

20 cents a mile for medical or moving expenses.

14 cents a mile for driving in charitable activities.

For 2008, the standard mileage rates will be:

50.5 cents a mile for business use.

19 cents a mile for medical or moving expenses.

14 cents a mile for driving in charitable activities.