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Monday, April 22, 2019

Exploring the Cashless Movement in Retail

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Cash as a form of legal tender isn’t yet as obsolete as 8-track tapes and VCRs. But it’s definitely less popular with certain demographic groups than others. Only 30% of all retail transactions were completed using cash in 2018, down from 40% in 2012, according to the Federal Reserve. And that trend is expected to continue, […]

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Monday, April 22, 2019

Modifier 59 – When to Use and Not to Use

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Modifier 59 is used in cases where it may be necessary to indicate that a procedure or service is distinct or independent from other non-Evaluation and Management (E/M) services performed on the same day to the same patient. Modifier 59 is considered one of the most used modifiers by coders. Use of Modifier 59 has […]

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Tuesday, April 16, 2019

Protect Elderly Family Members Against Financial Exploitation

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Every year, thousands of elderly Americans fall victim to elder abuse and financial exploitation scams, sometimes at the hand of their spouses or adult children. In fact, suspicious Activity Reports (SARs) related to elder financial exploitation have quadrupled the last four years, according to the Consumer Financial Protection Bureau (CFPB). READ MORE

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Tuesday, April 16, 2019

Records Retention Guidelines to Remember During Spring Cleaning

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Warm weather and rainy days bring the urge to purge. But before you clean your file cabinets or declutter your computer files, it’s important to review these guidelines. Federal Tax Records Most tax advisors recommend that you retain copies of your finished tax returns indefinitely to prove that you actually filed. Even if you don’t keep […]

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Monday, April 8, 2019

Electric Vehicle Tax Credit: You Can Still Save Greenbacks for Going Green

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Are you considering buying a new plug-in electric vehicle or a plug-in electric-gas hybrid vehicle? There is good and bad news about the tax credits and other cost-saving benefits available on these vehicles. The good news is that the Tax Cuts and Jobs Act didn’t eliminate the federal income tax credit for purchasing plug-in electric vehicles. But […]

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Monday, April 8, 2019

EEOC Spotlights Disability Discrimination Claims

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Federal and state laws have been designed to protect disabled individuals from discrimination. Notably, the Americans with Disabilities Act (ADA) and its subsequent amendments provide legal recourse to aggrieved parties. Frequently, the Equal Employment Opportunity Commission (EEOC) pursues litigation on behalf of individuals when it believes their rights have been violated. Here’s what employers should know, […]

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Monday, April 1, 2019

How to Prepare for the Probable Demise of LIBOR

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The London Interbank Offered Rate (LIBOR) has served as the primary reference rate for various types of adjustable-rate financial products for decades. However, its role as the finance industry’s reference rate may soon diminish in favor of a U.S.-based alternative. What is LIBOR, and why might it disappear? READ MORE

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Monday, April 1, 2019

Defeating Age Discrimination in the Workplace

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Despite record-breaking low unemployment rates, “age discrimination remains a significant and costly problem for workers, their families and our economy,” says a report from the Equal Employment Opportunity Commission (EEOC). More than 50 years after the passage of the Age Discrimination in Employment Act (ADEA), employers still wrestle with these issues.  READ MORE

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Tuesday, March 26, 2019

Hiring Minors to Work at Your Company? Know the Rules

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Hiring young people can be beneficial for all parties. But before you make any job offers, be fully aware of how youth employment is regulated under the Fair Labor Standards Act (FLSA). When employers fail to comply with these obligations, they can be prosecuted by the Department of Labor (DOL). And if the prosecution is successful, […]

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Tuesday, March 26, 2019

It’s Not Too Late for Some Business Owners to Lower Their 2018 Taxes

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Most businesses will owe less tax for the 2018 tax year than they would have under prior law, thanks to changes brought by the Tax Cuts and Jobs Act (TCJA). But have you done everything possible to lower your business tax bill for last year? Even though 2018 is in your review mirror, there are […]

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