Sep 10, 2019 | Medical Practices
Can you deduct medical and dental expenses? That’s a complicated question. To start with, your deductions must exceed 10 percent of your adjusted gross income. And they have to fall into an IRS-approved category. Deductible medical expenses may include, but...
Nov 29, 2018 | Medical Practices, Tax News
The IRS has provided comprehensive guidance in question and answer format on the Code Sec. 45S employer credit for paid family and medical leave. The credit was added by the Tax Cuts and Jobs Act (P.L. 115-97) and applies to wages for qualifying family and medical...
Sep 27, 2018 | Medical Practices, Tax News
The Departments of Health and Human Services, Labor, and Treasury have amended the definition of short-term, limited-duration individual health insurance coverage. The amendments allow coverage to last up to 364 days rather than up to three months. This applies 60...
Dec 26, 2017 | Accounting & Audit Updates, Closely Held Business, Employee Benefit Plans, Featured News and Events, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Private Equity-SBICs and Venture Capital, Real Estate, Tax News
As you may be aware, tax reform legislation has passed in Congress and was signed into law last week. The new changes are widespread and result in lower tax rates both for corporations and individuals beginning in 2018. Deferring income and accelerating deductions are...
Dec 14, 2016 | Closely Held Business, Featured Events, Featured News and Events, Government Contracting, Hospitality, Medical Practices, Real Estate, Tax News
Grateful employers nationwide may want to take a moment to salute the state of Texas. A federal judge there put the brakes on new regulations that would have more than doubled the salary threshold for Administrative, Executive, and Professional exemptions from the...
Oct 12, 2016 | Closely Held Business, Featured News and Events, Government Contracting, Hospitality, Medical Practices, Not-for-Profit, Private Equity-SBICs and Venture Capital, Real Estate, Tax Due Dates, Tax News
A provision in the Consolidated Appropriations Act passed by Congress has changed the filing deadlines for Employer copies of Forms W-2/1099-MISC. Starting with tax year 2016, the deadline for filing Forms W-2 to the Social Security Administration and 1099-MISC to the...
