Spring 2012 issue of Horizons

Table Of Contents

horizons A publication of RubinBrown LLP Spring | 2012

Features 2

Welcome From RubinBrown’s Managing Partner

3

RubinBrown News

7

Chairman’s Corner

Chairman James G. Castellano, CPA Managing Partner John F. Herber, Jr., CPA

9

Is Your Organization Successfully Preventing Fraud?

13

How Efficient and Effective Administrative Processes Add To Your Bottom Line

Denver Office Managing Partner

58

Timely Reminders

Gregory P. Osborn, CPA Kansas City Office Managing Partner Todd R. Pleimann, CPA Editor Dawn M. Martin Art Director Joe Ebeler

Industry-Specific Articles 17 Media & Entertainment Focusing The Lens On Film Tax Credits 19 Automotive Beyond Skin Deep: The Effect of Facility Image Programs 23 Home Builders Profitability Is In Sight; A Blessing For Weary Eyes 25 Hospitality & Gaming

Horizons, a publication of RubinBrown LLP, is designed to provide general information regarding the subject matters covered. Although prepared by professionals, its contents should not be construed as the rendering of advice regarding specific situations. If accounting, legal or other expert assistance is needed, consult with your professional business advisor. Please call RubinBrown with any questions (contact information is located on the back cover).

The Best of Both Worlds: Maximizing the Benefits of Licensing Relationships While Managing Risk Colleges & Universities Federal Funding of Higher Education

29

32

Life Sciences Entity Considerations for The Life Science Start-Up Public Sector How Regulatory Changes Will Affect Your Entity’s Audit

35

40

Construction Inching Toward A Recovery

43

Not-For-Profit Staying Afloat Among Changing Regulations

47

Manufacturing & Distribution Considerations During International Expansion of Your Business Real Estate President’s Budget Proposal Includes Tax Credit Implications Professional Services Managing a Medical Practice in Today’s Regulatory Environment

51

certified public accountants business consultants

55

Raise Your Expectations

1