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


If you can answer 'yes' to any one of these seven questions, your real estate losses are not subject to passive loss limitations and should be deductible.

Family Business


A third of American companies now evaluate their employees by ranking them against each other. What are the pros and cons of the controversial performance ranking system?

General Business


Owning your own business is the American dream. But there is so much involved in starting a new business. Here are six record-keeping and tax tips to help.

Manufacturing


The termination meeting with a potentially violent employee is one of the most dangerous things most managers will do. But careful preparation can greatly reduce the risk.

Nonprofit Organizations


Small tax-exempt groups can file a simpler 990 form this year. Groups with gross receipts under $50,000 can file the e-Postcard. Last year's maximum was $25,000.

Physician Services


Investing now in a tax-deferred savings account will pay big dividends at retirement time. The qualified retirement plan is probably the best tax planning tool available to medical professionals.

Wealth Advice and Financial Planning


What would you think if someone told you there was a way you could retire years earlier and that your budget might even let you hire a maid, a cook and perhaps a gardener? More and more baby boomers are finding that their money goes two to four times as far in places like Mexico, Costa Rica, Panama, Ecuador, Uruguay, Thailand and even parts of Europe.

Valuations


If you were asked today how your business is doing, how would you answer the question? Five categories of ratios will give you some facts to back up your opinion: growth, cost control, turnover, profitability and risk.

Washington Tax Update






Business Tips

Keeping Good Employees - Send personal notes of congratulations or thanks to employees at their homes.

Wealth Tips

Your Purchases - Spend less and earn more over an extended period of time. Invest the difference in a wealth accumulation plan.

Latest Business Headlines

Reuters

New York Times

USA Today

Wall Street Journal

MSN Money

Connect with us on:

Find us on Facebook  View our profile on LinkedIn  Follow us on Twitter

 

At Your Fingertips: One Simple Tool You Can Use to Improve Your Financial Literacy

 

Decisions, decisions, decisions. Each day you are faced with financial decisions, regardless if you are a college student, home owner, parent with children, retired, or small business owner.

 
There is so much information out there and often times the advice is conflicting from sources you don't really know, which can make your decision making more difficult.

 

You may be working with a CPA or a financial advisor. They are the best source of advice for you. But if you are not working with one or are just looking for some quick pointers, there is one reliable resource I would like to recommend to you.

 

The American Institute of CPAs (AICPA) has developed a free program called 360 Degrees of Financial Literacy. The goal of the program is to help you understand your personal finances through every stage of life. You can access this AICPA program for free at www.360financialliteracy.org.

 

On this website, you will find sound financial advice on many financial topics. And the good news is the advice is written in a plain and simple to understand language. Plus, you can access the topics ... well, by topics (recent legislation, credit and debit, paying for education, family financial planning, home ownership and more) or by life stages(tweens and teens, college students, employed people, military and reserves, small business owners, couples, parents with children, home owners, in crisis, retirees).

 

It takes discipline to build a solid financial foundation. I hope the 360 Degrees of Financial Literacy resource will help you find answers to some of your financial questions. For any other questions, contact us and let's see how we can help transform your financial goals into reality.

Click here to read the entire article on our website. 
Business Tips

Keeping Good Employees - Send personal notes of congratulations or thanks to employees at their homes.

Wealth Tips

Your Purchases - Spend less and earn more over an extended period of time. Invest the difference in a wealth accumulation plan.

Join Our Mailing List

 
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 information 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 2011 CPAmerica International