CPA's, Accountants, International Tax Consulting, Estate Trust & Gift Planning, Not-For-Profit Audits, Employee Benefits Audit, Form 5500 Preparation,  State & Local Tax,  Valuation & Forensic Accounting in Phoenix, Scottsdale, Tempe & Casa Grande AZ

It sounds like a crossword puzzle clue: Name a seven-letter medieval word that can affect your 21st century business.

The term is escheat, and today it means turning over abandoned property, such as unclaimed security deposits and outstanding accounts receivable credits, to state officials. Your business may be both a holder of unclaimed property and a claimant.

For instance, say you're holding an uncashed payroll check for a former employee. If the check remains outstanding, as the holder you may have to file a form with the Treasurer of your state reporting the amount of the unclaimed property. You might also have a responsibility for attempting to contact your former employee. Then, after a time period set by state law, you'll generally be required to turn the funds over to officials or face penalties for failing to do so.

Since escheat applies to banks, insurance companies, utilities, and other businesses, you could also discover your company needs to file a claim to recover property that's rightfully yours. This could be the case if, for example, you moved your corporate office and neglected to apply for a refund of your utility deposit.

Finding out if you have a claim is free. Just search property databases for various states where your business has operated.

Not sure how escheat laws apply to your business? Let us help.

August 2, 2010 - Henry & Horne, LLP is pleased to announce the acquisition of Ringel Business Valuation Services. The merger of these two fine organizations was effective on August 2nd.

Gary Ringel, CGREA, Past President of Ringel Valuation Services and current Managing Director of Henry & Horne, LLP Valuation and Litigation Support Services Group, brings with him over 20 years of experience and accreditation in the Valley.

Mr. Ringel has prepared more than 3,000 business valuations and real estate appraisals for attorneys, accountants, actuaries, trust officers, financial planners, real estate developers, and lending institutions and works closely with many of Arizona's most prominent legal, accounting, and wealth management firms.

Chuck Goodmiller, CPA, Co-Managing Partner and Chuck Inderieden, CPA, Co-Managing Partner are thrilled to acquire such a prestigious valuation firm. “Along with most CPAs and Attorneys in the Valley, we have worked with Gary numerous times over the years,” said Chuck Inderieden. “Gary’s reputation in the business valuation profession and the community is unsurpassed. We are thrilled to announce that he and his stellar team are now part of Henry & Horne”. 

According to Gary, “The merger enables Henry & Horne to provide a broader array of valuation, litigation support, forensic and financial advisory services to our clients.  The warm, collaborative, professional culture of the firm and the work ethic of the individuals I have had the pleasure of working with over the past twenty years has really impressed me.  As a result, my staff and I are elated to be members of the Henry & Horne family.”

July 6, 2010— Henry & Horne, LLP announces the addition of their new Healthcare blog; “The Weekly Dose” – Prescribing Accounting, Tax, Consulting and Financial Services to the Healthcare Industry.  The blog is located on the firm’s website at http://www.hhcpa.com/blogs/healthcare-cpa-accounting-services/.

“The Weekly Dose” is a compilation of entries from Henry & Horne’s Healthcare niche which is headed up by Managing Director Tom Cooper and Partner Gary Fleming, CPA.

The entries cover a wide range of topics including personal experiences and updated information on the healthcare industry.

Entries will be diverse and will cover topics associated with healthcare and accounting industries.

This is Henry & Horne’s sixth blog. The other blogs include, Nonprofit GPS – Your Personal Navigation System through the Not-for-Profit Community, contains information on the not-for-profit community; Perspectives - Demystifying Valuation, Economic Damages and Forensic Accounting, contains information regarding the business valuation and litigation community; The 411 on Employee Benefits Plans – Valuable Information on 401k’s, Pensions, ESOP’s, Form 5500 Preparation and much more! dives into the world of employee benefits audits; Tax Insights – Providing information on state, local, federal, estate and international taxation, and Accountants Understanding The Obstacles - Providing audits, reviews, compilations, CPA Tuneup® and bookkeeping services. All the blogs are updated weekly and can be found on the firm’s website.
 

March 17, 2010 - Henry & Horne, LLP was selected for the 2009 Best of Business Award in the Certified Public Accountant category by the Small Business Commerce Association (SBCA)

The SBCA Award Program recognizes the top 5% of small businesses throughout the country. Using statistical research and consumer feedback, the SBCA identifies companies that they believe to have demonstrated what makes small businesses a vital part of the American Economy. A selection committee chooses the winners based off statistical research and information taken from monthly surveys, a review of consumer rankings, and other consumer reports.

Mark Eberle, CPA and Managing Partner at Henry & Horne, said the Firm is “honored and pleased to earn this recognition, and we sincerely thank all of our employees, clients and business associates who make awards like this possible.”

The SBCA is a San Francisco based organization. It is a private sector entity that aims to provide tactical guidance with many day to day issues that small business owners face. In addition to their main goal of providing a central repository of small business operational advice; they use consumer feedback to identify companies that exemplify what makes small business a vital part of the American Economy.