8.19.24
Cash or Accrual Accounting: What’s Best for Tax Purposes?
Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax…
8.15.24
Using an IRA Withdrawal for a Qualified Home Purchase
Purchasing a home is an expensive proposition that leaves many would-be buyers feeling cash-strapped. If that’s you, you might be considering taking money out of…
8.15.24
Too Much Inventory at Your Business? Trim the Fat!
Many businesses need to have some inventory available. But having too much inventory is expensive — not just to purchase but to store, safeguard and…
8.15.24
A Tax Break for Educators Gets an Update
Teachers who are getting their classrooms ready for a new school year often pay for some of their classroom supplies out-of-pocket. They may be able…
8.15.24
Many Factors Are Involved When Choosing a Business Entity
Are you in the process of starting a business or contemplating changing your business entity? If so, you’ll need to decide how to organize your…
8.12.24
Understanding Taxes on Real Estate Gains
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain…
8.5.24
A Business Valuator Is a Must-Have When Filing a Business Interruption Claim
Meteorologists warn that the 2024 hurricane season could break records, possibly surpassing 2020, the worst hurricane season on record. Even if hurricanes aren’t a threat…
7.31.24
Cybersecurity for Healthcare Providers in 2024
Healthcare providers face increasingly sophisticated threats from cybercriminals seeking access to sensitive patient data and other valuable information. Cyberattacks can disrupt services, harm patients’ health,…
7.31.24
Preparing Annual Cost Reports: Five Tips to Help Healthcare Providers
Federal and state regulations require many healthcare providers to report expenses on an annual basis. The Centers for Medicare and Medicaid Services (CMS) sets nationwide…
7.31.24
New Tax Incentives for the Healthcare and Biotech Industries
The Inflation Reduction Act (IRA) of 2022 reinstated or expanded numerous tax credits and other incentives for clean and renewable energy. It also created several…