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Publications

Tuesday, November 26, 2019

THE FUTURE OF INTEGRATED CARE IN NEW YORK STATE’S MEDICAID PROGRAM

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The State of New York is seeking a four-year extension/renewal of its Delivery System Reform Incentive Payment (DSRIP) program from the Centers for Medicare and Medicaid Services (CMS) as of September 17, 2019, hoping to build upon the success of DSRIP 1.0. The goal? To gain more time—and money—for value-based payment (VBP) arrangements to mature, […]

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Tuesday, November 19, 2019

Spotlight on M&A: Why Buyers Love Asset Purchase Deals

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Are you thinking about buying a business? How you structure the deal will affect the taxes owed by the buyer (you) and the seller (the other party). The Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the federal income tax rules for businesses, including some changes that affect the taxation of mergers and acquisitions. […]

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Tuesday, November 19, 2019

Estate Planning Isn’t Just for the Rich and Famous

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Nearly everyone should consider updating his or her estate plan. This is smart advice even if you’re not currently exposed to the federal estate tax. Year end can be a convenient time to reflect on major life changes and plan for the future, including devising strategies to minimize taxes. Recognize Estate “Taxmageddon” ThreatThe Tax Cuts and […]

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Tuesday, November 19, 2019

FAQs About Self-Employment Tax

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Do you owe self-employment (SE) tax on non-wage income that you collect only occasionally or in a one-off circumstance? Some sources of income may not be subject to the dreaded SE tax. Here’s what you should know if you earn income from “irregular” sources. Realty Check: Random Income Isn’t Tax-FreeIrregular income might be free from self-employment […]

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Tuesday, November 19, 2019

The Gender Pay Gap: How Does Your Company Measure Up?

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The gender pay gap persists, despite recent improvements. Census data over the past decade indicates that, on average, women earn roughly 80 to 85 cents for every dollar earned by men in comparable job positions.   This is a hot topic in political circles. But it can be a problem at your company — even if […]

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Tuesday, November 19, 2019

What Employers Should Know about HSAs

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Health Savings Accounts (HSAs) are a tax-smart way to cover an individual’s uninsured medical expenses, as well as certain other out-of-pocket medical, dental, vision, hearing, long-term care expenses and insurance premiums. Your business can set up HSAs for qualifying employees. Then the business can fully or partially fund the accounts or let employees fund them with […]

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Tuesday, November 19, 2019

Get Real: New ID Requirements for U.S. Travel

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Soon you may not be able to pass through security checkpoints at your local airport using your current form of identification, even if you’re just flying domestically. The crackdown is aimed at U.S. citizens who don’t yet have a “Real ID-compliant” driver’s license, United States passport, United States military ID or another acceptable form of identification.  […]

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Wednesday, October 30, 2019

Take Time to Review Your Retirement Savings Strategy

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While you’re considering health care benefits options during your “open enrollment” period, you should also take stock of your retirement savings strategy. Are you saving enough to cover your retirement needs? The answer depends on many factors, including your expected living expenses, bucket list items (such as travel and hobbies) and potential medical and long-term care […]

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Wednesday, October 30, 2019

How to Reduce the Tax Hit on Soon-to-Be-Developed Land

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In many places, real estate prices are soaring. That’s good news for owners of undeveloped land in those areas. But if they decide to subdivide and develop highly appreciated property, it could trigger a whopping income tax bill. Fortunately, there’s a way to reduce the tax hit: Set up an S corporation to develop and sell […]

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Wednesday, October 30, 2019

Relaxed Rules for Joint Employers: Proceed with Caution

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Being classified as a “joint employer” means that you, and the other business considered to be in the joint relationship with you, are equally responsible for complying with the Fair Labor Standards Act (FLSA). If the other entity fails to comply with FLSA requirements, you could be left holding the bag.  Suppose, for example, you own […]

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