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| General Business/Management Strategies |
Some employers are leery of hiring an employee who seems overqualified for the job. But the right overqualified person in the right job can be a big asset to the company. Here are seven tips to help you in the interview process.
| Wealth Advice/Estate Planning |
A recent case before the Tax Court shows how important it is to know the tax implications when it comes to cashing in an insurance policy. Without understanding the IRS definition of such terms as "long-term capital gain" and "sale or exchange," you could be caught by a nasty tax surprise.
| Family Business/Succession |
As family and closely held businesses look to save on healthcare costs, many are taking another look at healthcare savings accounts. Depending on a company's current healthcare plan, HSAs may offer a cost-saving opportunity for employees as well as employers.
Medical practices frequently fail to properly recognize the cost of medical malpractice claims. The extent of risk transfer is key in determining whether a liability should be recognized for future malpractice claims in the financial statements of a medical practice. By itself, the acquisition of medical malpractice insurance does not necessarily transfer the risk of loss to the insurance carrier.
One of the easiest ways to steal from an organization is through expense reimbursements. Keeping your organization safe from pilfering staff members demands strong controls, tough actions against perpetrators and management leading by example.
Improving Business Operations - Develop a cost accounting system to determine exactly what it costs you to deliver a service or product. Costing has to be fully loaded and comprehensive.
Your Planning - Choose an investment manager you feel will help you achieve your investment objectives. Then, allow that manager to work the plan for three to five years minimum. Investments go through cycles and changing prematurely only helps lock in losses.
| Latest Business Headlines |
Wall Street Journal
Forbes
CNNMoney
Fox Business
New York Times
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Announcements
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| MHC&S Recipient: Best Places to Work in Central Iowa
MHC&S was recognized as the 3rd place winner in the medium-sized company division of the Best Places to work in Central Iowa survey. The awards are based on the percentage of employees who respond and their degree of favorable responses. Bob McGowen, Managing Partner said, "The Best Places to Work" event presents an excellent opportunity to learn what our employees are really thinking and provides us with valuable information to improve our day-to-day operations and workplace environment." Congratulations to our firm and our team members for making MHC&S a great place to work!
MHC&S Team Members Graduate from Leadership Programs
Congratulations to Diana Dubuisson, Manager, and Brian Newton, Senior Manager, as they have completed the leadership training courses through the Greater Des Moines Partnership and the West Des Moines Leadership Academy, respectively.
Quickbooks Training Classes
QuickBooks Training Classes, offered by McGowen Hurst Clark & Smith, P.C., will be held on 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.
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."
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.
On the Home Front
Congratuations are extended to MHC&S team member Justin Williams and his wife Alicia on the birth of their son, Dominic Xavier Williams born May 3 and weighing in at 7 lbs. 4 oz.
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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