Research credit available to some businesses for the first time
The TCJA didn’t change the research credit, but it has an impact on the credit. Previously, corporations subject to alternative minimum tax (AMT) couldn’t offset the research credit against AMT liability, which erased the credit’s current benefits. By eliminating corporate AMT, the TCJA removed this obstacle. Pass-through businesses can still claim the credit against AMT if their average gross receipts are $50 million or less. And qualifying start-ups without taxable income can still claim the credit against up to $250,000 in payroll taxes. Contact us for details.
6 areas to consider when conducting valuations
Valuations change over time and not all acquisitions are a good deal. Here is some guidance for how practice owners can view their practices as outsiders and questions for physicians to ask as they contemplate joining a practice, especially as a future partner.
Hospitals and health systems should develop strong relationships with urgent and retail clinics
Health data needs to be interoperable for the relationship between health systems and clinics to bridge the consumerism gap.
Cost transformation is imperative, but hospital efforts are lagging behind, survey shows
Close to 60 percent of responding executives say their organizations have processes and structures in place to achieve cost transformation goals.
Six Fundamentals Of Supply And Demand That Multifamily Investors Shouldn’t Miss
In an ever-changing world, it can be hard to keep the fundamentals of real estate investing in focus as new research and information are made available at a lightning pace.
How Tech is Impacting Key Consideration Factors for Renters
While industry technology has advanced at a breakneck pace, the main concerns and priorities for prospective renters have stayed the same over time. Here is a look at the top four.
Reduce insurance costs by encouraging employee wellness
The safer your workplace, the less likely you’ll incur high workers’ compensation premiums. But think about the impact of employee wellness on other insurance costs, too. From a physical well-being standpoint, a formal wellness program can encourage healthier life choices and thereby reduce health coverage costs. In terms of mental health, providing the right training and offering an employee assistance program can create a more positive work environment and lessen the likelihood of accidents and lawsuits that drive up insurance costs. Contact us for more info.
Could “bunching” medical expenses into 2018 save you tax?
Some of your medical expenses may be tax deductible, but only if you itemize deductions and have enough expenses to exceed the applicable floor for deductibility. With proper planning, you may be able to time controllable medical expenses to your tax advantage. The Tax Cuts and Jobs Act (TCJA) could make bunching such expenses into 2018 beneficial for some taxpayers. At the same time, certain taxpayers who’ve benefited from the deduction in previous years might no longer benefit because of the TCJA’s increase to the standard deduction. Contact us to learn more.
Selling your business? Defer — and possibly reduce — tax with an installment sale
You’re ready to sell your business and want to get the return from it you’ve earned from the time and money you’ve invested. That means getting a good price and minimizing the tax hit on the proceeds. One option that can help defer tax is an installment sale. Spreading gain over several years is especially beneficial if it allows you to stay under the thresholds for triggering the 3.8% net investment income tax or the 20% long-term capital gains rate. But it’s not without tax risk. For help determining whether an installment sale is right for you, contact us.