Volume 2 Issue 3, March 2010 The Roth IRA:
To Convert Or Not To ConvertMichael Fulco
Heard, McElroy & Vestal, LLP
 Responding to widespread demand for better access to Roth IRAs, the federal government is lifting some restrictions on them and giving a tax break to those who choose to convert a conventional IRA to a Roth IRA in 2010. The changes have some advisors preaching the virtues of these retirement accounts and urging their clients to take advantage of this "once-in-a-lifetime opportunity." However, the conversion decision is far more complex than it might appear and may be less attractive than you think. What is this all about? Here are some of the answers for the millions of Americans with IRAs. Read Full Article
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HMV Launches New Series,
100 Ways: The Profit Enhancement Process
Walker Coburn
Heard, McElroy & Vestal, LLP
 Heard, McElroy & Vestal has committed to helping our clients improve their profitablity. Throughout the next year, we will expound upon ways to increase business profitability in our 100 WAYS: The Profit Enhancement Process series. We launch the series here with our first two profit enhancement ideas - Indentifying Profit Centers and Being A Hands-On Manager. New profit enhancement ideas will appear monthly on our website, as well as be included in each issue of our newsletter you receive. 100 WAYS: #1 Identify Profit Centers100 WAYS: #2 Be A Hands-on Managerback to top
Heard, McElroy & Vestal Merges with Martin, Harrison & Smallwood
HMV is pleased to announce our merger with Monroe CPA firm Martin, Harrison & Smallwood, LLP. As a regional CPA and consulting firm, HMV is constantly seeking ways to better serve our clients, people, and communities. This merger is part of a plan to ensure continued and expanded services to the Ouachita Parish area.
With this merger, we are excited to introduce three new partners to the firm - Michael Martin, William Harrison, and Connie Smallwood.
Michael Martin, CPA
 Mike has been involved in the accounting industry for close to 40 years, providing a wide, in-depth variety of experience in tax matters to the firm. As a Certified Public Accountant, Mike's promary focus lies in the areas of tax and auditing.
William (Bill) Harrison, CPA, PFS
 Bill has more than 30 years of experience in the accounting industry. He is a Certified Public Accountant and also holds the designation of Personal Financial Specialist (PFS). Bill's areas of specialization include tax, accounting, financial planning, and business consulting services particularly relating to small businesses, physicians and other professionals, and high net-worth individuals.
Connie Smallwood, CPA
 Connie began her career at Arthur Young, & Co. and joined Martin, Harrison & Smallwood in 1981. With over 30 years of experience, Connie has a strong background in audit and assurance services, specifically those pertaining to financial institutions and employee benefit plans.
Read our full article for more merger information and to meet the great staff in our Monroe office. Read Full Article
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In This Issue...
Roth IRA Conversion?Profit Enhancement SeriesHMV/MHS Merger2010 Tax Pocket Guide
2010 Tax Pocket Guide
Our 2010 Tax Pocket Guide is now available to view online. The guide includes important tax information such as current income tax brackets, retirement plan contribution and deferral limitations, business depreciation schedules, and the latest long-term care insurance deduction information. Click here for a downloadable version of the 2010 Tax Pocket Guide.
HMV Welcomes New Employees to Shreveport Location
Ashley Atkins & Debbie Elder
Ashley and Debbie, both Certified Public Accountants, have joined the firm as part-time tax staff in our Shreveport location.
Ashley earned her Bachelor of Business Administration in Accounting from Texas Christian University. She is involved in numerous charitable and civic organizations including board member of the Junior League of Shreveport-Bossier, treasurer of Holiday In Dixie, and St. Mark's Cathedral School Board of Trustees.
 Debbie received a Bachelor of Business Administration from Baylor University and brings with her over ten years of experience working in public accounting. Debbie is a member of the Tax & Estate Planning Council of Shreveport as well as the American Institute of Certified Public Accountants (AICPA) and the Louisiana Society of Certified Public Accountants (LCPA).
Amy Ivy
Amy joined the firm in early February. She is the newest member of our Shreveport administrative staff, specifically working in our Retirement Plan Services department.
Rob Salter
Rob joined our Shreveport location in January as a staff accountant in the audit department. Rob attended Baylor University where he earned both his Bachelor of Business Administration in Accounting and Master's of Accounting.
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