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| General Business/Management Strategies |
Enforcement of the Red Flags Rule will be further delayed until Jan. 1, 2011, according to the Federal Trade Commission's announcement in late May. Of course, Congress could decide to legislate another deadline, so businesses covered by the rule should be aware that additional changes may lie ahead.
| Wealth Advice/Estate Planning |
The Federal Reserve Board recently enacted rulings to protect consumers from creative practices of credit card companies. The rulings also provide more complete information to consumers on their debt situation so that they can make better informed decisions.
| Family Business/Succession |
You work hard to build your family business, looking forward to the day when your children will reap the rewards. But when a substantial portion of the ownership or assets of a family business is transferred to one or more offspring, it can cause a phenomenon known as Inheritor Syndrome.
Deciding on a candidate for a professional position with your medical practice is only one piece of the puzzle. Next comes the negotiation phase. Knowing when to negotiate terms and when not to can help you find a candidate who fits your practice.
A street canvassing program can do wonders for your organization if it is implemented properly. The environmental organization Greenpeace is a shining example. Since reinstating its street canvassing program in 2006, Greenpeace has doubled its membership to more than 300,000 in the United States, growing even during the recession.
Controlling Cash Flow - Remember, income can be increased infinitely, but expenses can only be reduced to zero.
Your Investments - Diversify your investments - don't put all your eggs in one basket.
| Latest Business Headlines |
Reuters
Wall Street Journal
USA Today
MSN Money
FOXBusiness
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Announcements
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| QuickBooks Training Classes
QuickBooks Training Classes, offered by McGowen Hurst Clark & Smith, P.C., will be held on Thursdays, August 12 and October 7 from 4pm - 8pm at Small Business Technology Services, 1906 Ingersoll Avenue, Suite 8, 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. The instructor will be MHC&S QuickBooks Proadvisor, Tara Raymond. Please call Pam Corbin at 515-288-3279 to register.
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."
MHC&S Takes Fifth Place -- Golden Circle Games
MHC&S was pleased to sponsor a team of 10 very competitive accountants in the 2010 Golden Circle Games held last week at the Iowa State Fair Grounds. The "You Can Count On Us" MHC&S team proudly took fifth place in the overall event. Congratulations!
Presenter at CPAmerica International Conference
Rose Breuss, MHC&S Director of Marketing will speak at the CPAmerica International Conference this week in Washington D.C.Rose will present on "Creating an Effective Marketing Culture in a Service Firm."
Tax Deadline
July 31 - Employers
If you maintain an employee benefit plan, such as a pension, profit sharing or stock bonus plan, file Form 5500 or 5500-EZ for calendar year 2009. If you use a fiscal year as your plan year, file the form by the last day of the seventh month after the plan year ends.
Over 7,000 square feet of office space is available for rent at 1601 West Lakes Parkway, West Des Moines, Iowa. This prime space is located on the ground level with no steps or elevators needed for access. For more information, contact Luke Garnaas at 515-221-6453.
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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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