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Publications

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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Monday, July 9, 2018

Telehealth Services: What You Need to Know

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The HHS’ Office of the Inspector General (OIG) recently conducted a review of claims submitted for telehealth services provided to Medicare beneficiaries between 2014 and 2015. A report on their findings, issued in April 2018, found several deficiencies in the submission of claims for telehealth services, with the most common being a claim for a […]

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Monday, July 9, 2018

Is an Association Health Plan Right for Your Company?

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Association health plans (AHPs) are health benefit policies made available to small employers through a group purchasing arrangement for the benefit of association members and their employees. Under the old rules, AHP availability was limited to tightly linked employers (such as parent-child companies). Under new regulations issued by the Department of Labor on June 19, “an […]

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Monday, July 9, 2018

Effects of the Tax Law Vary Based on Major Life Events

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Change is part of life. The Tax Cuts and Jobs Act (TCJA) has brought sweeping changes to the federal income tax rules for individuals. But how will you and your family be affected? That depends on your specific circumstances. Major life changes — from marriage and birth to divorce and death — can provide opportunities and […]

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