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| General Business/Management Strategies |
By now, you've heard about social media - LinkedIn, Facebook, MySpace, etc. But what are you doing with what you've heard? If you're waiting to jump in, stop waiting. LinkedIn is quickly becoming the hub of business around the world. You can't afford to be left out.
| Wealth Advice/Estate Planning |
The IRS is required to prescribe interest rates for various income tax purposes on a monthly basis. When the IRS's applicable federal rate (AFR) is low, wealth transfers can be structured to take advantage of the low interest rate.
| Family Business/Succession |
Women are much more likely to become victims of identity theft than men, according to a new study. Nearly twice as many women as men reported unreimbursed losses of $1,000 or more.
Are patients taking steps to ensure that they receive better care in the hospital? Not as much as they could, according to a survey of more than 13,540 patients in 2008 and 731 nurses in 2009 by Consumer Reports magazine.
In addition to the 10+ percent drop in private giving in 2009, nonprofits also are dealing with a cruel irony: The time and money it takes to complete a grant application doesn't always correlate with the size of the grant in question. The question: To apply or not to apply?
Controlling Cash Flow - Receive your bank statements unopened and review the checks. This simple internal control procedure will help minimize misappropriations and monitor payments to specific vendors.
Your Investments - Investment expenses do matter. Closely monitor money manager fees, trading costs, custodial charges and consulting/administration costs.
| Latest Business Headlines |
Financial Times
Forbes
Fox Business
USA Today
Kiplinger
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Announcements
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| 2010 Federal Tax Deadline Date
May 15 -- Nonprofit organizations are required to file their informational returns. File Form 990 and 990-T if applicable.
Quickbooks Training Classes
QuickBooks Training Classes, offered by McGowen Hurst Clark & Smith, P.C., will be held on Monday, May 3, and Thursday, June 3, from 4pm-8pm at Small Business Technology Services, 1906 Ingersoll Avenue, Suite 12, Des Moines. Our QB training class is geared for beginner to intermediate users. It is a hands-on class with each participant having access to a computer. The cost is $100 with all materials provided and dinner is included. Please call today 515-276-9889 to register. The instructor will be MHC&S QuickBooks Proadvisor, Tara Raymond.
Health Care Reform
The Health Care Reform bill, signed into law by Congress in March 2010, will have an impact on every medical practice, employer and citizen of our country. Read more here.
New HIRE Act
On March 18, 2010, a new law, known as the Hiring Incentives to Restore Employment (HIRE) Act was passed by Congress. The HIRE Act is intended to stimulate employment by, among other things, providing $17.6 billion in tax incentives to businesses to hire unemployed workers, and extending a small business expensing tax break. Read more here.
Maximizing Deductions
Are you wondering what business expenses you can deduct? MHC&S is happy to provide you with a complimentary brochure, "2010 Maximizing Deductions", indicating types of business travel, customer entertainment, dues and employer/employee expenses that are deductible.
To obtain your brochure, call 515-288-3279 or e-mail
rchambers@mhcscpa.com and ask for a free copy of the "2010 Maximizing Deductions."
On April 15, the partners treated our team members and their guests to an "After Tax and Audit Season" party to thank them for their efforts and diligent work during the past tax and audit season. It was a great event with good food, prizes and fun for all. On April 15, the partners treated our team members and their guests to an "After Tax and Audit Season" party to thank them for their efforts and diligent work during the past tax and audit season. It was a great event with good food, prizes and fun for all.
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| Contact Information |
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McGowen Hurst Clark & Smith, P.C.
1601 West Lakes Parkway Suite 300
West Des Moines, IA 50266
Phone: (515) 288-3279
106 E. Jefferson, P.O. Box 312
Winterset, IA 50273-0312
Phone: (515) 462-1882
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Our firm is a member of CPAmerica International
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