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E-ssentials Bulletin |
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Our newest profitability and wealth accumulation tips for our clients and contacts. Click on items of interest for more details on each topic. | |
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Interest on costs associated with construction is not deductible -- it must be capitalized. But interest not related to construction is currently deductible. Paying attention to interest rules is essential for builders.
The newspapers are full of unfortunate stories about family business owners battling each other in court. They fight for a variety of reasons: inheriting the business, profit sharing or even a reserved parking space. How can family business owners stay out of court and stay on speaking terms?
An employer may bar an employee from wearing facial jewelry even when the practice is an expression of religious faith, according to the First U.S. Circuit Court of Appeals. The key is "reasonable accommodation."
The workplace today seems to be what singles bars and fitness clubs were in earlier decades -- a good place to meet someone for a romantic relationship. But workplace intrigues bring certain risks -- both when relationships blossom and after they go bad. One of these is an increased risk for fraud.
As part of the healthcare reform act, small tax-exempt organizations may be eligible for a credit worth up to 25 percent of healthcare premiums they pay employees in 2010. The credit is available to small employers that pay at least half the cost of single coverage for their employees in 2010.
Recruiting a new staff member? As you've probably discovered, many rules and regulations govern physician recruitment. It pays to have all physician employment agreements drafted or reviewed by an experienced healthcare attorney for conformity with employment and compliance regulations. And all transactions with hospital involvement should be carefully reviewed by legal counsel for all parties.
| Wealth Advice and Financial Planning |
You have money left over after paying current expenses. Should you invest it with an eye to income, or should you use it to pay off interest-bearing debt? Here are some of the factors to consider.
To a client, all law firms initially appear the same. To land a new client, your presentations need to be geared toward setting your firm apart from other firms. What is most important?
| Latest Business Headlines |
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Barbara Oswalt to Speak at Business Exit Seminar
Barbara Oswalt, Hoyman Dobson's Tax and Business Valuations Director will speak at the Plan Your Exit From Business Ownership seminar. The seminar will take place on Friday, October 22, from 8am to 1pm at the Melbourne Regional Chamber of East Central Florida, located at 1005 E. Strawbridge Ave., Melbourne, FL 32901.
During the seminar the attendees will learn how to structure their business for a successful exit, how to sell or transfer to family or key employees, receive maximum post tax value for their business, avoid tax and legal pitfalls in the process, and more.
"If you are a small business owner, to ensure the continuity of your business, you need to have an exit plan," shares Barbara Oswalt. Over the years Mrs. Oswalt, a Certified Public Accountant who is also Accredited in Business Valuations, has helped many Florida small business owners successfully structure and plan their business exits. "I am looking forward to sharing practical tips with the attendees on how to make the most of business exit planning from both personal and business perspectives," continues Barbara. Other speakers at the event include Chris Curtin of Bankers Advocate and Steve Thomas of Hayworth, Chaney & Thomas PA. To register for the seminar, please call Aliona Groh at 321-426-3008, email agroh@hoyman.com, or register directly. Limited seating available.
About Hoyman Dobson: Founded in 1964 Hoyman Dobson is a member of CPAmerica, one of the world's largest networks of independent CPA and consulting firms. Hoyman Dobson's services include: tax planning and compliance, succession planning, estate and trust administration, business valuations, consulting on mergers and acquisitions, and other business advisory services. In addition, the firm provides audit services, rate audits, agreed upon procedures, payroll tax compliance, QuickBooks consulting, litigation support, internal control consulting, financial statement reviews and compilations, government cost accounting and more. Another area of expertise includes wealth management and employee 401(k) plan administration services, which are provided by its affiliated firm, CPA Wealth Management Services (www.cpawms.com). For additional information about Hoyman Dobson and its services please visit www.hoyman.com or call 321-255-0088.
Keeping Good Employees - Be creative with fringe benefits. Think "out of the box," and provide low-cost or no-cost benefits that improve productivity - casual days, flexible hours, half-day off on children's birthdays, loans for school or computers, organized car pools, etc.
Your Planning - Establish short-term, intermediate and long-range goals. For instance, set a long-term goal of getting out of debt and a short-term goal of reducing debt by $2,000 in the next six months.
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Our firm is a member of CPAmerica International | |
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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 2010 CPAmerica International |
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