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
 
 
Real estate investors from Los Angeles to Chicago to Hartford say they are feeling the pinch of low rents, few phone calls from potential tenants and the struggle to keep it all together until this recession finally turns around. Here are some tips to help fill those empty rentals.
 
Family Business
 
 
As the American work force becomes more diverse, employees are putting more pressure on their employers to accommodate a variety of religious beliefs and practices at work. It is important for your leadership team to know how far to go to accommodate employees' requests pertaining to religion to reduce your chances of winding up in a courtroom.
 
General Business
 
 
You've probably heard of negligent hiring - when an employer is held liable because of hiring an employee without doing an adequate background check. There are other related issues you need to know about - negligent retention, negligent supervision and negligent training.
 
Manufacturing
 
 
Do you feel like the pizzazz has gone out of your employees? Do they go from day to day seemingly on autopilot, like robots? Do they just seem to lack motivation? A company's employees are its greatest assets. Locked up within each individual is a wealth of ideas and untapped potential. But how do you go about releasing that potential?
 
Nonprofit Organizations
 
 
If you are considering establishing a 403(b) plan, it's a good idea to meet with advisers who have experience with these types of plans. Here are the general steps to take.
 
Physician Services
 
 
One of the most important decisions you'll make about your medical practice is the selection of the form and structure of the business entity itself. There are tax advantages and disadvantages of S corporations versus C corporations. The question is whether your medical practice should consider more than one business entity.
 
Valuations
 
 
Attorneys and CPAs often work together in the best interests of their mutual clients. Estate planning may require the expertise of both. Proper questioning by a professional can reveal the issues that need to be addressed when creating a suitable estate plan for a client.
 
Washington Tax Update
 
 
 
 
 
 
Business Tips
 
Controlling Cash Flow - Get vendors to place inventory in your store on consignment.
 
Wealth Tips
 
Your Investments - Adopt an investment philosophy of "dollar cost averaging" to reduce the volatility of the market.
 
 

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Founders Forum Presents "Taking Your Startup BIG!"

EVENT DATE: Tuesday, November 16, 2010
 
TIME:
6 p.m. networking, 6:45 p.m. dinner, 7:45 p.m. program 
 
LOCATION:
Crowne Plaza Melbourne Oceanfront
 
COST:
Advance registration $35 -- at the door $40
 
You may be thinking "Is it that time again - time to try and figure out what this year's tax bill might turn out to be?" or, perhaps, "Tax planning -- why do I need to do that?"


Whether you're new to tax planning or you have done it consistently for years, tax planning for 2010 will likely be both important and difficult.


With substantial healthcare legislation enacted and the lapse (albeit temporary) of the estate tax and impending sunset provisions of many of the Bush Administration's tax cuts, 2010 stands to be a critical year for changes in tax law.


We recognize that not every year-end tax strategy will apply to every reader. As you read through the list below, check those items that you feel might apply to your situation. Then you can easily go back to review and follow up on the more pertinent planning points, particularly should any last-minute legislation be enacted.


This letter certainly does not include every tax planning opportunity that may be available to you. Be sure to involve us, your CPAs. We are the ones keeping up with the latest tax developments and can help you strategize to reduce and/or defer your taxes.

 

Click here to read more about planning for your 2010 taxes.

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CPAmerica International
Our firm is a member of CPAmerica International 
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