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
 
 
Whether you've hired a large marketing team to work for you or you're doing it all on your own, it's crucial to your profitability to make sure that your marketing is reaching its potential. If you're doing your own marketing, these tools will help to save you time, streamline your business and make your properties enticing.
 
Family Business
 
 
During the last five years, the number of audits of businesses with less than $10 million in assets has increased 30 percent.
 
General Business
 
 
In the United States, one in four employers has a policy limiting use of social network sites, according to a 2010 Manpower Inc. survey on social networks. Of employers who have implemented formal policies, 70 percent of U.S. respondents and 63 percent worldwide said the policy was most effective in preventing loss of productivity.
 
Manufacturing
 
 
What makes an effective team? Research conducted over many decades identifies the management practices that produce the most effective teams. The findings from that research have been distilled into key behaviors that can make you a better manager and improve your team.
 
Nonprofit Organizations
 
 
Tax-exempt organizations may be eligible for a credit worth up to 35 percent of healthcare premiums they pay employees in 2010 as part of the healthcare law signed earlier this year. The credit is specifically targeted to help small businesses and tax-exempt organizations that primarily employ low- and moderate-income workers.
 
Physician Services
 
 
Have you taken a look at your practice website lately? If more than a year has passed since someone has reviewed all your site's pages, it's likely that some parts of your website are out of date. Some key questions can guide your review of this important communications tool.
 
Wealth Advice and Financial Planning
 
 
Monday night, President Obama announced a "framework" for considering a number of significant tax proposals, which could become reality on short notice. Also, other important aspects of tax law have changed recently or may change in the future and be of particular significance to you. So you'll need to stay alert.
 
Valuations
 
 
A recent case involving the deductibility of compensation paid to the controlling shareholder of a corporation concluded with mixed results. Given similar fact patterns for the two years at issue, the Tax Court decided for the company in one year, for the IRS in the other.
 
Washington Tax Update
 
 
 
 
 
 
Business Tips
 
Improving Business Operations - Listen to your employees' complaints about tedious tasks. Their ideas may result in eliminating, modifying or outsourcing the work.
 
Wealth Tips
 
Your Savings - Reinvest dividends and interest. Remember, the key to building interest is compounding, compounding and more compounding.
 
Latest Business Headlines
 
Wall Street Journal
 
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Thank You for Giving Back to Our Local Community
 
Please watch this short video featuring Chas and Vonnie Hoyman. Chas Hoyman is United Way 2010 Campaign Chair.
 

Hoyman Finalist in Florida Today's 'Citizen of the Year'


At the November 19 Florida Today 2010 Volunteer Recognition Awards, Chas Hoyman was recognized as one of the three finalists in the "Citizen of the Year" category. To read more about Chas' volunteer work, check out this Florida Today article -- scroll down to the lower left corner.

Interesting Tips, Data and Resources for the Construction Industry

During the last couple of years, the construction industry in Brevard County has gone through some substantial adjustments.

 

According to the United States Department of Labor, Bureau of Labor Statistics, average annual pay has dropped from the recent highs of $43,178 in 2006 to $38,240 in 2009.

At the end of 2009, there were 9,463 people working in the construction industry. This number represents only 55% of the 2006 construction workforce.

 

Most of the employment losses took place in residential building. Other construction segments within Brevard County faired the economic downturn better.

 

Competitive landscape


The profitability of a commercial construction company depends on accurate project bids and efficient operations.
 
If you are a larger construction company, most probably you own much of your equipment and have full-time construction crews.

If you are a smaller construction company, chances are you lease most of your equipment based upon the projects you are working on, and most probably, you hire on a project basis.
 
Click here to read the rest of the article.

 
Business Tips
 
Improving Business Operations - Listen to your employees' complaints about tedious tasks. Their ideas may result in eliminating, modifying or outsourcing the work.
 
Wealth Tips
 
Your Savings - Reinvest dividends and interest. Remember, the key to building interest is compounding, compounding and more compounding.

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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