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Bowers & Company CPAs would
like to wish everyone a safe and happy holiday season and a prosperous
new year.
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Congratulations to
Joe Mocciaro
40 Under 40 Award
Recipient
November 15, 2007
Jenniefer Hendrickson on location at Livonia, Avon and Lakeville
Railroad
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Looking
for well-qualified employees? Dont overlook your competitors
 Finding employees who understand your product,
industry and customer base can be difficult. But there are several good
sources you can tap into: your suppliers, your customers and, yes, your
competitors. This article takes a close look at the pros and cons of luring
employees away from your rivals. One example of a pro is that hiring
experienced employees from competitors can cut the cost and time your
company invests in their training. On the other hand, because they have
such knowledge and experience, they may not be open to new direction and
supervision.
Full Article
Location,
location, location How a new one might save your company taxes
 When purchasing real estate, where you locate can save
you a bundle in taxes if you know what to look for. This article looks
into not only federal tax incentives available through locating in an
empowerment zone or renewal community, but also economic incentives at the
local level. Plus, it explains how a Section 179 expensing election can
help you save big tax dollars when you purchase personal property for use
in an empowerment zone. A sidebar discusses other tax breaks available
through the Tax Relief and Health Care Act of 2006.
Full Article
Maximize
profits: Fire some customers
 Although it may seem counterintuitive to not try to
keep every single customer, not all customers are worth keeping. This
article explains how to determine individual customer profitability so you
can lose the clients who are dragging down your operations and your
bottom line. For example, by categorizing your customers as either A,
B, or C clients, with the A group being the most profitable and the
C group the least, you can explore why the A group is so lucrative and
then better focus more on their needs and attract more clients like them.
Full Article
Do
your homework before purchasing long-term care insurance
 As the baby boomers age, long-term care insurance has
become quite the buzzword. And with good reason: 60% of people over age 65
will need some form of long-term care at some point, according to the
Centers for Medicare and Medicaid Services. But long-term care is
expensive, and its not covered by Medicare or private health insurance.
This article goes beyond the hype to help you determine whether long-term
care insurance is the right choice for you.
Full Article
Keeping
your charitable contributions in order
 Charitable giving allows you to benefit both your
favorite charities and yourself in the form of tax deductions. But to
enjoy these deductions, you must follow the substantiation rules. This
brief article tells you what you need to know.
Full Article
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