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
 
 
Investors in the apartment sector of the real estate industry say they expect their property values to remain steady or increase slightly, according to recent surveys. And although rents are generally down, most investors note that they are finding quality tenants as long as the price is right.
 
Family Business
 
 
As family and closely held businesses look to save on healthcare costs, many are taking another look at healthcare savings accounts. Depending on a company's current healthcare plan, HSAs may offer a cost-saving opportunity for employees as well as employers.
 
General Business
 
 
Some employers are leery of hiring an employee who seems overqualified for the job. But the right overqualified person in the right job can be a big asset to the company. Here are seven tips to help you in the interview process.
 
Manufacturing
 
 
The risk is there - the numbers don't lie. One of every 10 laptops will be lost or stolen in its lifetime. Even the FBI has major problems in this area. The crime-fighting group reportedly has as many as three or four laptops lost or stolen every month.
 
Nonprofit Organizations
 
 
One of the easiest ways to steal from an organization is through expense reimbursements. Keeping your organization safe from pilfering staff members demands strong controls, tough actions against perpetrators and management leading by example.
 
Physician Services
 
 
Medical practices frequently fail to properly recognize the cost of medical malpractice claims. The extent of risk transfer is key in determining whether a liability should be recognized for future malpractice claims in the financial statements of a medical practice. By itself, the acquisition of medical malpractice insurance does not necessarily transfer the risk of loss to the insurance carrier.
 
Wealth Advice and Financial Planning
 
 
A recent case before the Tax Court shows how important it is to know the tax implications when it comes to cashing in an insurance policy. Without understanding the IRS definition of such terms as "long-term capital gain" and "sale or exchange," you could be caught by a nasty tax surprise.
 
Valuations
 
 
When determining the value of a business for litigation, tax or other business purposes, the credibility of evidence used to determine value is paramount. The American Society of Appraisers has cited "lack of credibility" as first among comments made by the courts in adverse decisions. Determining the value of a business involves full investigation of all facts and circumstances surrounding the business and application of appropriate valuation methods.
 
Washington Tax Update
 
 
 
 
 
 
Latest Business Headlines
 
Wall Street Journal
 
Forbes
 
CNNMoney
 
Fox Business
 
New York Times
 

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Updates from your Hoyman Dobson Team 

Thank you for placing your confidence in us this year to take care of your accounting and financial needs. We had a busy tax season, for which we are grateful!

A quick update on some developments from Hoyman Dobson:

Hoyman Dobson sponsors Associated Builders and Contractors (ABC) Dinner Event

On June 15, 2010, Hoyman Dobson will be the beverage sponsor at the ABC East Florida Chapter Dinner. The dinner is open to nonmembers. We would love to have you join us. Please register at the link below.

Dinner location: Holiday Inn Melbourne/Viera, 8298 N. Wickham Rd., Melbourne, FL 32940, I95 exit 191.
When: June 15, 2010. Cocktails - 5:30pm
Dinner program: 6:30pm - 8pm.

ABC Dinner Registration 

We are looking forward to seeing you there! Your drinks are on us!
 
New roof and new paint.
In February 2010, our office building got a facelift with a new roof and new exterior paint color. Be sure to stop by our office to see our new look!
 
Supporting local charities.
We are pleased to give back to our community. In the last two months, our team members participated and raised money for two community "walks," one for the Juvenile Diabetes Research Foundation (JDRF) and one for the March of Dimes. Their efforts raised over $3,500 for these amazing organizations. Additionally, we sponsored the American Cancer Society's Cattle Baron's Ball, Cancer Care Centers Foundation's Caring Hearts, Genesis House Annual Golf Tournament and Habitat for Humanity Women Build Project. 

Training events: Our Government Contracting Advisory Team (GCAT) is busy! The team organized its first breakout training sessions on May 20th. We had a great attendance and currently are in the process of surveying our participants on how we can help them better in the future. If you are a Government Contractor or are looking to get into Government contracting, be sure to sign up for our Government Contracting Newsflash 
 
Karen Kirkland, our Tax and Accounting Services Director was one of the presenters at the April Human Resource Conference in Melbourne, FL as well as at the Space Coast Chapter of Florida Medical Group Management Association. Her topic was "Finance for Non-Finance Managers."

These are some of our news in "readers' digest" format. Stay tuned for more news and developments from Hoyman Dobson.
 
 
Business Tips
 
Improving Business Operations - Develop a cost accounting system to determine exactly what it costs you to deliver a service or product. Costing has to be fully loaded and comprehensive.
 
Wealth Tips
 
Your Planning - Choose an investment manager you feel will help you achieve your investment objectives. Then, allow that manager to work the plan for three to five years minimum. Investments go through cycles and changing prematurely only helps lock in losses.
 
 

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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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