Hoyman Dobson
E-ssentials Bulletin
Our newest profitability and wealth accumulation tips for our clients and contacts. Click on items of interest for more details on each topic.
Building Construction
 
 
Layoffs are traumatic for everyone involved - those let go, those left behind and the managers who have to deliver the news and manage the fallout. And too often, the remaining employees are forgotten.
 
Family Business
 
 
Nepotism - favor shown to family members - is normal in family-owned businesses. But it can lead to unique problems, particularly if the next generation of family leaders is not experienced or qualified.
 
General Business
 
 
An interesting new study determined how much time employees actually waste on the job -- and what they do while they're wasting it.
 
Manufacturing
 
 
It seems that everyone is abuzz about going green these days. There are numerous ways that businesses of all sizes can introduce eco-friendly products and activities into their business processes. Here are a few that will get you a tax break.
 
Nonprofit Organizations
 
 
More than half of nonprofit organizations across the country experienced a decrease in contributions in March, April and May of 2009 because of the downturn in the economy. And, at least 8 percent are in imminent danger of closing.
 
Physician Services
 
 
The International Classification of Diseases, Clinical Modification (ICD-10-CM) is to be implemented Oct. 1, 2013. This may seem in the distant future, but it is recommended that you develop an implementation strategy, education plan and budget as soon as possible.
 
Wealth Advice and Financial Planning
 
 
If there hasn't been enough to worry about with a shaky real estate market, here's something to add to the list: Identity thieves are stealing home equity.
 
Valuations
 
 
You won the case and now you have a judgment. But where is the "pot of gold"? A forensic accountant can help you find those hidden assets in a litigation or divorce proceeding.
 
Washington Tax Update
 
 
 
 
 
 
 
Latest Business Headlines
 
Reuters
 
Reuters
 
USA Today
 
New York Times
 
Wall Street Journal
 
The Government Contracting Advisory Team is organizing a training seminar for Government contractors in Central Florida. The training will take place on November 10, 2009, from 4 p.m. to 6:30 p.m. at the Holiday Inn Conference Center in Viera, FL. The training seminar will be presented by Daniel R. Lowe, Co-Owner and Co-Founder of Sierra Lobo, Inc.

"Many of our clients are government contractors. Others are considering taking their commercial products into the government market," shares Debbie Goode, the leader of the Government Contracting Advisory Team and Hoyman Dobson Audit Director. "Mr. Lowe will share from his personal experience the secrets of how Sierra Lobo grew from a small company to the $50M company it is today. With the incredible success Sierra Lobo has achieved under Mr. Lowe's leadership, we are honored and delighted to have Daniel as our featured speaker," continues Mrs. Goode.
 
The seating for the event is limited. Admission is $25/person. If you would like to attend the event, please RSVP by November 3 at 321-426-3008 or email agroh@hoyman.com.
 
Networking opportunities, hors d'oeuvres and refreshments provided.
 
About the Government Contracting Advisory Team
 
The Government Contracting Advisory Team (GCAT) is a network of professionals dedicated to educating and assisting government contractors throughout Florida. The network consists of accounting, insurance, legal, financial, and GSA professionals who specialize in helping government contractors. In addition, GCAT has quick access to a pool of additional tools and resources that are essential in the success of Government contractors.
 
About Daniel R. Lowe, P.E.
 
Daniel Lowe is one of the founders of Sierra Lobo, Inc., and works in conjunction with Sierra Lobo's president to plan the company's strategic direction. In addition to corporate-level management, he is responsible for overseeing support service contracts totaling $50M/year in revenue. Since assuming business development leadership in this area in 2000, he has driven growth that has resulted in the company growing from 60 to 400 employees. Mr. Lowe holds a BSME from The University of Toledo and is a Registered PE in the State of Ohio.

Business Tips
 
Controlling Cash Flow - Shop your insurance often. Make sure you deal with solid companies, but don't let them get complacent with your business.
 
Wealth Tips
 
Your Savings - Don't let money languish in the bank. Keep just enough in checking to cover bills and fees and put the rest to work in CDs, money markets, etc. where you will get a better yield.
 

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The technical information in E-ssentials is necessarily brief. No final conclusion on these topics should be drawn without further review and consultation. Please be advised that, based on current IRS rules and standards, the advice contained herein is not intended to be used, nor can it be used, for the avoidance of any tax penalty assessed by the IRS.
 
© Copyright 2009 CPAmerica International Inc.