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
 
 
The national economic meltdown has increased evictions across the board. The key to survival, owners and landlords say, is to redouble your efforts to screen tenants, create strong marketing plans and maintain a clean, pleasant space.
 
Family Business
 
 
Here are five things you don't want to do in your family-owned business.
 
General Business
 
 
Sometimes, smaller is better. Executives at small and mid-size companies can transform their diminutive status into an advantage: They're faster, more creative and less burdened by the traditions and products of the past. There's a parallel in business to the practice of the Japanese martial art of judo.
 
Manufacturing
 
 
One of the key elements to understanding fraud is to realize that where opportunities exist, perpetrators can act. An organization's ability to heighten the perception that fraud will be detected will substantially lessen the likelihood of its occurrence.
 
Nonprofit Organizations
 
 
Many applicants are searching for positions in the current economy. How can you effectively and efficiently review resumes to find the most promising candidates for your nonprofit's job opening? Here are five shortcuts.
 
Physician Services
 
 
When recruiting to fill a position in your medical practice, you naturally will interview physician candidates, but you should also spend time with them in a social setting. Find out what they want - and what they want to know about your practice. Practices that take the time to get to know the candidates, and sometimes more importantly their spouses, have a competitive advantage.
 
Wealth Advice and Financial Planning
 
 
Bruised investors riding the roller coaster market may be wondering how to protect their nest eggs during volatile times. Historically, the duration of a downturn averages 16 to 18 months, with bear markets recovering over a three- to five-year period. But "no one has a crystal ball," says CPAmerica International member Thomas P. McNabola, CPA, and president, Hunter Financial Services, Inc., in Fair Lawn, N.J.
 
Valuations
 
 
Employers must factor in the way they handle genetic information when they make employment decisions. The Genetic Information Nondiscrimination Act, which some have called groundbreaking civil rights legislation, prohibits employment discrimination based on genetics.
 
Washington Tax Update
 
 
 
 
 
 
 
 
Latest Business Headlines
 
USA Today
 
Kiplinger
 
Financial Times
 
Forbes
 
Fox Business
 

 
Attention Business Owners:
 New Florida Unemployment Tax Relief Rates

 
As of March 2, 2010, the Florida Legislature passed new unemployment tax relief for all Florida employers that were previously issued 2010 tax rates.
 
The taxable wage base that was raised to $8,500 is now decreased back to $7,000. This change is effective as of
January 1, 2010. Soon all employers will receive their new rate.
 
You or your CPA who prepares your tax returns should check how the tax is calculated in your tax accounting software to ensure the most current rate and taxable wage are used. The taxable wage base is set at $7,000 for 2010 and 2011. It will increase to $8,500 for 2012 through 2014.
 
If you have any questions, we
are here to help! Call us at
321-255-0088. 
 

Hoyman Dobson CPAs Continues Its Support of Juvenile Diabetes Research Foundation

 
For the 13th year in a row, Hoyman Dobson CPAs supports the fundraising efforts of the Juvenile Diabetes Research Foundation (JDRF).
 
"Each year we encourage our team members to get involved in this important cause. Type 1 Diabetes (Juvenile Diabetes) usually strikes children, adolescents and young adults, and it carries the constant threat of devastating complications," shares Chas Hoyman, the firm's managing director. "Hoyman Dobson CPAs got involved with the Foundation back in 1998 and we estimate we have raised a total of over $12,000 throughout those years. In anticipation of this year's JDRF 5K walk, we raised $1,559. Everyone on our team donated money to this great cause," proudly continues Mr. Hoyman.
 
Vera Hall, Judy Durette, Carina Peoples, Aliona Groh and Barbara Walters are Hoyman Dobson team members who actively raised funds for JDRF this year and participated in JDRF's 5K walk. The 5K walk took place on March 27, 2010 at Lori Wilson Park in Cocoa Beach, FL.
 
About the Juvenile Diabetes Research Foundation (JDRF):


JDRF was founded in 1970 by the parents of children with type 1 diabetes. The Juvenile Diabetes Research Foundation International is the leader in setting the agenda for Type 1 diabetes research worldwide, and is the world's largest charitable funder and advocate of Type 1 diabetes research. The mission of JDRF is to find a cure for diabetes and its complications through the support of research. More than 80 percent of JDRF's expenditures directly support research and research-related education. JDRF directed nearly $101 million to such research in FY2009, bringing its total research funding to more than $1.4 billion since its founding in 1970. Type 1 diabetes is a disease which strikes children and adults suddenly, but lasts a lifetime. It requires multiple injections of insulin daily or a continuous infusion of insulin through a pump. Insulin, however, is not a cure for diabetes, nor does it prevent its eventual and devastating complications which may include kidney failure, blindness, heart disease, stroke, amputation, and pregnancy complications.
 
 
Business Tips
 
Improving Business Operations - Conduct a client/customer satisfaction survey every year.
 
Wealth Tips
 
Your Investments - Seek "realistic" investment returns. Don't be swayed by sales-driven ideas that would try to inflate your expectations.
 

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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.
 
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