Beware the Ides of March — if you own a pass-through entity
Pass-through entity owners: Beware the Ides of March. Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies treated as partnerships or S corporations for tax purposes. Why? The Ides of March, better known as March 15, is the federal income tax filing deadline for these entities. If you haven’t filed your return and are worried about having sufficient time to complete it, you can avoid the tragedy of a late return by filing for an extension. Contact us with questions.
Don’t Overlook Affordable Housing Investment
When smartly executed, these real estate plays offer investors and developers solid returns and the opportunity to create social capital.
HUD Announces Dramatically Reduced Timelines for Subsidized Housing Inspections
The U.S. Department of Housing and Urban Development (HUD), announced changes to the advance notice they provide to public housing authorities and private owners of HUD-subsidized properties on February 20.
Fastest-Growing Renter Segment: High-Income Earners
RENTCafé study shows more than 1.35 million wealthy households became renters between 2007 and 2017.
Rent vs. Buy 2019
Renting a 3BR apartment is more affordable than the median-priced home in 59% of U.S. markets, Attom Data Solutions finds.
Revenue cycle startup thinks it can collect on previously uncollectable claims
The 3 to 5 percent of claims hospitals are tempted to give up on trying to collect can generate millions of dollars that would otherwise be lost.
Mid-revenue cycle management improvement market expected to grow over the coming years
Growth is being driven largely by the use of these solutions to reduce healthcare costs, decrease billing and coding errors and maintain compliance.
Intermountain CISO West: Cybersecurity for revenue cycle should be a KPI
The revenue cycle is an important target for cybercriminals because of the information that flows through it.
Financial statements tell your business’s story, inside and out
As a business evolves, it will encounter the need to build credibility with outside parties, such as investors and lenders, and to make well-informed strategic decisions. In short, financial statements are a necessity. Typical components are an income statement, a balance sheet, and a cash flow statement. Also frequently included: a retained earnings/equity statement and a notes section. Financial statements tell an important, ongoing narrative of your company. We can help you generate these reports to the highest standards and use them to your best advantage.
When are LLC members subject to self-employment tax?
Limited liability company (LLC) members commonly claim that their distributive shares of LLC income (after deducting compensation for services in the form of guaranteed payments) aren’t subject to self-employment (SE) tax. But the IRS has been seeking back taxes and penalties from LLC members it claims have underreported SE income, with some success in court. At the greatest risk are LLC members who are comparable to general partners in a partnership. We can help you assess whether the IRS might successfully claim that you’ve underpaid SE taxes.