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Publications

Wednesday, August 15, 2018

Charges Passing from EHR to a Billing System: All You Need Know

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Passing charges electronically has become the wave of the future for the charge entry and coding components of the revenue cycle. Eliminating paper fee tickets/billing slips is a significant step for practices and therefore many save that step for post-EHR implementation.  With all of the regulations and healthcare reform changes over the years, passing charges […]

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Tuesday, August 14, 2018

Many Taxpayers Will Pay No Tax on Long-Term Gains and Dividends

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Do you have long-term capital gains or qualified dividends? If so, there’s good news: After the Tax Cuts and Jobs Act (TCJA), you might still qualify for the 0% federal income tax rate on these types of income. The rate is only available for those with relatively low income. But, if your income is too high […]

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Thursday, August 9, 2018

How Tax Reform Affects Tax Planning for C Corporations

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One of the biggest changes under the Tax Cuts and Jobs Act (TCJA) is the permanent installation of a flat 21% federal income tax rate for C corporations for tax years beginning after 2017. The new 21% rate applies equally to personal service corporations (PSCs). (Under prior law, PSCs were taxed more heavily than other C […]

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Tuesday, August 7, 2018

Small Business Tax Strategy: Heavy Vehicle Plus a Home Office

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Small business owners are always looking for easy ways to lower their taxes. Here’s a simple, but effective, tax planning technique that’s available under the Tax Cuts and Jobs Act (TCJA) for 2018 through 2022. To take advantage, you need to purchase a “heavy” vehicle, work from a qualifying home office and keep detailed business expense […]

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Friday, August 3, 2018

Buying vs. Leasing Equipment: Which Is Right for Your Business?

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For tax years starting in 2018, the Tax Cuts and Jobs Act (TCJA) provides new and improved tax incentives for buying new and used business equipment. But leasing still offers benefits for some taxpayers. Here are some important considerations when deciding whether to buy or lease equipment. READ MORE

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Tuesday, July 24, 2018

Deadline for 2020 Medicare Wage Index Reclassification Is Fast Approaching

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Deadline for 2020 Medicare Wage Index Reclassification Is Fast Approaching The deadline for filing a Medicare Wage Index Reclassification Application with the Geographic Classification Review Board (MGCRB) is September 4, 2018. A hospital may seek geographic reclassification from a rural area to an urban area, from a rural area to another rural area, or from […]

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Tuesday, July 24, 2018

Calculating Deductions for Business Interest Expense

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One of the most complicated provisions of the Tax Cuts and Jobs Act (TCJA) is the new limitation on deductions for business interest expense. At face value, this limitation seems straightforward, but the devil is in the details. READ MORE

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Tuesday, July 24, 2018

New Law, New Limit on Deductions for Business Interest Expense

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The Tax Cuts and Jobs Act (TCJA) imposes a new limitation on deductions for business interest expense. This is a permanent change for tax years beginning in 2018 and beyond. Will your business be affected? Here’s what you need to know. READ MORE

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Monday, July 16, 2018

New Law Makes Education-Savings Tools More Flexible

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From private preschool classes to college tuition, educating your family can be expensive. You can help lower the out-of-pocket costs by planning ahead with tax-advantaged education savings tools. The Tax Cuts and Jobs Act (TCJA) retains most education-related tax breaks — and it even makes one saving plan more flexible. READ MORE

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Monday, July 16, 2018

The ABCs of Higher Education Tax Breaks

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The Tax Cuts and Jobs Act (TCJA) includes many changes that affect individual taxpayers. But, in terms of tax breaks for higher education, the new tax law generally maintains the status quo, with a few minor tweaks here and there. Here’s the rundown on education-related tax breaks for 2018 and beyond. READ MORE

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