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Spring 2012

Charitable Organizations: New Florida Law Regarding Institutional Funds (UPMIFA)

Published: April 24th, 2012

By: Jane Dunlap Callahan

A new Florida law impacts most tax-exempt charitable organizations, the Florida Uniform Prudent Management of Institutional Funds Act (“UPMIFA”). This new law, effective July 1, 2012, contains requirements for managing investment assets, spending or accumulating endowment funds and modifying donor restrictions on funds.

Dean Mead Seminar Series: “2012 Florida Legislative Update”

Published: April 25th, 2012

Please Join Us for the “2012 Florida Legislative Update”, hosted in a city near you.

May 3rd – Orlando
May 10th – Viera/Melbourne
June 6th – Port St. Lucie
June 7th – Gainesville

Florida Institute of Technology College of Business Names Claudia Haines Jones as 2012 Outstanding Business Leader

Published: April 24th, 2012

At its Spring Awards Banquet on April 12, the Florida Institute of Technology Nathan M. Bisk College of Business named Claudia Haines Jones, corporate attorney with Dean Mead in Viera, Melbourne, its Outstanding Business Leader of the Year.

Lee Dobbins – Insight and Experience for Treasure Coast Real Estate Clients

Published: April 24th, 2012

Lee Dobbins guides clients through the real estate development and construction process from start to finish, just as he knows St. Lucie County and the surrounding region inside out. “I can take a client from due diligence for a piece of land, to getting it under contract, to closing, while handling things like site planning, utilities and concurrency issues,” Lee says. “Clients rely on me to get them through the permitting process with the city and the county, so that they can start on construction. I can do a lot of good for them on the front end – I know what they need to know going in and can help them enter into a contract that allows them to be certain that they can do what they want to do.”

Patient Protection and Affordable Care Act

Published: April 24th, 2012

As those of us who are interested in the health reform debate are aware, a majority of the states, and numerous organizations and individual persons, filed actions in federal court challenging the constitutionality of the Patient Protection and Affordable Care Act, signed into law two years ago by President Obama. Two of the four federal appellate courts which have reviewed the issues upheld the law as constitutional; one declared only the so-called “individual mandate” unconstitutional; and, a fourth said the issue is not ripe for decision because taxpayers have not yet paid a penalty. Six hours of oral arguments before the Supreme Court were held March 26-28. A decision is expected in late June.

President’s Message

Published: April 25th, 2012

By: Michael D. Minton

Last month, I attended the Regional Gathering sponsored by the Central Florida Partnership where 165 community and business leaders convened to discuss Moving “Ideas to Results”. This is the third such regional meeting sponsored by the Central Florida Partnership or its predecessor, The Greater Orlando Chamber of Commerce, that I have attended in the last five years. I must say the effort undertaken to encourage regional dialogue, cooperation, focus and a commitment to improving the Central Florida region never ceases to amaze me. The organizational effort it takes to pull together so many diverse interests and viewpoints, arrange for the facilities and coordinate the moderators that facilitate the dialogue which ultimately results in concrete goals and objectives is truly a testimonial to the vision and leadership of the entire region and in particular those that contribute to the efforts of the Central Florida Partnership.

Steve Looney Elected to SFTI Board of Trustees

Published: April 24th, 2012

Stephen R. Looney has been elected to serve as a member of the Board of Trustees of the Southern Federal Tax Institute (SFTI). He is replacing Charles H. Egerton on the Board of Trustees beginning this year. Mr. Looney’s term will run until the age of 67 years old or until such time he retires from the practice of law.

Now in its 47th year, SFTI is widely regarded as the organization that hosts the preeminent conference for tax professionals throughout the Southeast. Mr. Looney has been a featured speaker at the conference for the past four years. Last fall, he offered a presentation entitled, “Advising the Professional Service Firm”. His topic covered the range of income tax issues that commonly arise in the context of professional service firms, that were historically organized as professional C Corporations, but more frequently take the form of a S Corporation LLC. His presentation focused on issues that should be considered in the operation and conversion of these entities.

UF College of Law Honors Felipe Guerrero as Outstanding Young Alumni

Published: April 24th, 2012

Congratulations to Felipe Guerrero who was honored April 7, 2012 as a 2012 Outstanding Young Alumni by the University of Florida Levin College of Law. He was recognized at a special awards ceremony at the Emerson Alumni Hall on the UF Campus in Gainesville. The Outstanding Young Alumnus Award was established seven years ago to honor young Gator alumni who have distinguished themselves in the areas of business, community involvement and public service. Following the awards ceremony, Mr. Guerrero was invited as a special guest to join UF President, Bernie Machen, in his box for the exciting annual Orange and Blue football game.