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Publications

Wednesday, March 7, 2018

Good News! More Families May Be Eligible for the Child Credit in 2018

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The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, 2017, made significant changes to the child credit. This credit is generally available to taxpayers with children under the age of 17, but the new law adds a new (smaller) credit for other dependents. Here are the details. READ MORE […]

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Monday, March 5, 2018

IRS Clarification: Home Equity Loan Interest May Still Be Deductible

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The IRS recently announced that in many cases, taxpayers can continue to deduct interest paid on home equity loans.The tax agency issued the clarification because there were questions and concerns that such expenses were no longer deductible under the Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, 2017. READ MORE

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Monday, February 26, 2018

How the New Tax Law Affects Rental Real Estate Owners

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There’s more to the Tax Cuts and Jobs Act for owners of rental real estate than just lower ordinary income tax rates. Here’s an overview of some new or modified provisions that will generally provide favorable tax outcomes for rental property owners along with an unfavorable change that could hit owners of properties that generate […]

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Wednesday, January 24, 2018

Get Ready For Tax Season

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By Thomas J. Giufre, CPA, Tax Partner   Individual tax returns are due on April 15, 2018, which means the tax preparation season is upon us. Millions of taxpayers will be purchasing tax preparation software or making an appointment with their accountant to complete their tax returns by the due date. Here are a few […]

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Friday, December 8, 2017

Quality Payment Program Hardship Exception Application Deadline is Fast Approaching!

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December 31, 2017 is the deadline for MIPS eligible clinicians, either participating as an individual or a group, to submit a Quality Payment Program Hardship Exception Application for the 2017 Transition Year. Since Certified Electronic Health Record Technology (CEHRT) is required for participation in the Advancing Care Information Performance Category of MIPS, eligible clinicians or […]

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Monday, December 4, 2017

MACRA Quality Payment Program: Where are You?

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Eligible clinicians (EC) who do not to participate in the MIPS program or an Advanced Alternative Payment Model (APMs) for the year 2017 will be subject to a 4% reduction in Medicare Part B payments beginning in the year 2019 (1/1/19-12/31/19). To be considered an eligible clinician (EC), the EC must bill more than $30,000 […]

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Monday, November 6, 2017

Healthcare Newsletter – FALL 2017

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PILOT PROGRAM TESTS EASING FDA REGULATORY BURDENS FOR LOWER RISK MEDICAL DEVICE PRODUCTS CYBERSECURITY DESERVES INCREASED ATTENTION IN DEAL NEGOTITIONS WHY ASC 606 ELEVATES RISK FOR LONG-TERM CARE PROVIDERS and more… View Publication

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Monday, November 6, 2017

Not-for-Profit Newsletter – FALL 2017

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ACCOUNTING FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE IRS REVOKES HOSPITAL’S TAX-EXEMPT STATUS, SHEDDING LIGHT ON SECTION 501(R) COMPLIANCE CONCERNS OBSTACLES TURNED OPPORTUNITIES IN THE NONPROFIT INFRASTRUCTURE CRITICAL CONVERSATIONS BETWEEN MANAGERS AND EMPLOYEES –DO WE HAVE TO? A BEGINNER’S GUIDE TO STATE NONPROFIT REGISTRATION AND AUDIT REQUIREMENT RULES and more… View Publication

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Friday, October 13, 2017

MACRA: Are You Prepared?

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MACRA: Are You Prepared? Clinicians who qualify for the Medicare Merit-Based Incentive Payment Program (MIPS) are provided the following options for submitting data in 2017 under “Pick Your Pace” and avoid the 4% reduction in Part B payments for 2019: Option #1-Submit test data and avoid the 4% reduction Option #2-Submit data for a 90-day […]

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Tuesday, October 3, 2017

The Equifax Data Breach: What to know…

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The Equifax Data Breach: What to know… (PDF)    What Went Wrong? What’s the Potential Fallout? What do I do Now?

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