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
 
 
If you have an office in your home that you use for your real estate business, you must use the area deducted exclusively for business. The home office deduction is available for homeowners and renters and applies to all types of homes, from apartments to mobile homes. Deductible expenses may include mortgage interest, insurance, utilities, repairs and depreciation.
 
Family Business
 
 
How can the owners of a family business maximize the amount they give to their children, but remain in control of the business themselves? Here are some tips.
 
General Business
 
 
While most Americans have cut back on expenses during these trying times, some of the cuts may have unhealthy repercussions.
 
Manufacturing
 
 
Financial analysts compare inventory count to the bottom line on your income statement. Inventory's impact on financial analysis is no trivial matter.
 
Nonprofit Organizations
 
 
In today's economy, when you have a job opening at your nonprofit organization, you're likely to have a flooded inbox. With everything you have to do, how can you quickly determine who are the leading contenders for the position?
 
Physician Services
 
 
In the oft-quoted words of Benjamin Franklin, "Nothing can be said to be certain except death and taxes." As a medical professional, you may be doing your best to delay the former, but in today's world, it seems more and more likely that the latter will increase.
 
Wealth Advice and Financial Planning
 
 
Diligence is the mother of good luck. Whether novice or expert, small depositor or large fund investor, or client or adviser, the theme is the same: Engage in your own due diligence investigation and ask questions - plenty of them.
 
Valuations
 
 
The concerns of elderly clients fall into two categories: quality of life and adequate provision for those they'll leave behind at death. Here is some advice on how our professionals can help.
 
Washington Tax Update
 
 
 
 
 
 
 
 
Latest Business Headlines
 
Reuters
 
Fox Business
 
CNN Money
 
New York Times
 
Wall Street Journal
 
 

seasons greetings

Happy Holidays!

 

From our home to yours, we wish you Happy Holidays and a prosperous New Year. We are looking forward to serving you with excellence and dedication in 2010 and beyond.

 
Your team at Hoyman Dobson 
 


Hoyman Dobson Obtains Elder Friendly Business Certification
 
Gina Rall, CPA, Tax/Estate and Trust Director, along with Judy Durette and Nancy Cariseo of Hoyman Dobson CPA's, completed We Help Brevard Elder Friendly Business Certification training program. Upon completion of the training program, Hoyman Dobson CPA's was awarded the Elder Friendly Business Certification.

"The moment we learned about the We Help Brevard organization, we immediately decided to go through their Certification program," shares Mrs. Rall. "We are passionate about providing the best services to our clients and We Help Brevard has our full support in their mission to assist seniors and their families in finding trustworthy service providers in Brevard County," continues Mrs. Rall.

As a new resource to the senior community, Brevard seniors and their families will be referred to Hoyman Dobson CPA's for tax planning as well as Estate and Trust tax and administration services.
 

2009 Year-end Tax Planning Information Now Available 

 

Year-end tax planning is always a tricky proposition, and this year is no exception. No one likes to pay taxes any sooner than required. So, traditional year-end strategies tend to focus on deferring income from 2009 to future years and accelerating deductions from 2010 into 2009.


This year, those strategies are complicated by the potential for higher tax rates in the next few years and the absence of details concerning what future tax changes may look like.

The key to success in any year-end tax strategy involves considering two years, 2009 and 2010 at a minimum, at the same time. Unfortunately, this tactic requires you to predict a series of unknown future events

Despite the difficulties involved, you will need to make educated guesses and reasonable assumptions. Remember, no tax strategy is cast in stone until the time for changing strategies has passed. Tax planning is a dynamic process.

Before going into more specific, detailed planning tips, here are some basic principles that can help guide your overall thinking: Read the rest of the article here.

Visit our website to learn about: 

 

Personal Tax Strategies

 

 

 

 

Business Tips
 
Keeping Good Employees - Invest in your people. Develop an incentive compensation program to reward key personnel.
 
Wealth Tips
 
Your Planning - Don't overlook tax planning. Maximize the use of capital gain rates. Look for tax-deferred investments and other ways your taxes can be reduced.
 

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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.