GHD Client News Godfrey Hammel, Danneels and Company PC Certified Public Accountants and Business Consultants

GHD Icon Chairman’s Corner – Tom Beard
As your trusted advisors, you look to us at GHD to keep you informed of important business trends and changes, risk exposure alerts, planning opportunities and other cutting-edge knowledge-industry expertise, and the articles in this newsletter are just some of the ways we deliver that value to you.
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Out and About
Ron Tank made a recent presentation to the Tri-States Figure Skating Council in Bowling Green, Ohio.
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401K Wealth Management Alert
How to Avoid Personal Liability for 401(k) Plan Fee DOL Audit Penalties.
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Wealth Management Wealth Management
Consider making gifts before year-end
A lifetime gifting program might trim both your estate and income taxes
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Disaster Recovery ITNews – When is the last time you tried to restore your back up to make sure it works?
If your answer is “never” or “not in a while” you could be at risk for recovery failure.
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IT News Target IT Alert! Hackers target small companies
If you think your business computers are safe from hacking attacks because your company is too small to appeal to hackers, think again.
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Employees Tax News – IRS offers amnesty for employers to reclassify workers
The IRS has launched a new program that will enable many employers to resolve past worker classification issues at a relatively low tax cost by voluntarily reclassifying their workers.
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Pay Taxes for Credit Tax News
Pay It or Lose It: Pay your industrial property taxes by 12-31-11 to use the MBT industrial property tax credit!
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Expiring Tax Breaks What's New: Take advantage of expiring tax breaks
A number of tax breaks are due to expire at the end of this year.
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What's New: Use adjusted numbers in your long-range planning
As you start to look ahead in your tax planning, here are some adjusted tax numbers you will find useful.
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Surveys New Business: Two surveys reveal workplace information
Two recent surveys reveal some interesting things about what's important to employees and employers.
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Declining Income What's New: Census Bureau statistics show income decline
The annual report from the Census Bureau shows that median household income dropped 2.3% last year to $49,445.
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Employee Theft Business News: Stay alert to spot employee theft
Employee theft happens more frequently than you hear or read about. It's believed that only a small percentage of cases of employee dishonesty are reported and prosecuted.
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Taxes Tidbits

Vehicle expenses, cell phone usage and other tax facts.