Which entity is most suitable for your new or existing business?
It may seem that the current, flat 21% corporate income tax rate makes C corporation status for your business the best choice. After all, 21% is much lower than the 37% top rate that applies to sole proprietors and pass-through entities (such as partnerships, S corps and LLCs). But C corps can still be subject to double taxation. And pass-through entity owners may be currently eligible for a 20% qualified business income deduction. The best entity type for your business depends on its unique situation and your situation as an owner. Taxes are only one consideration. You may also want the protection from business debts that certain entities provide. Contact us to learn more.
4 Multifamily Development Trends to Watch in 2019
Mixed-use development, lifestyle amenities, and the desire for more affordable housing will shape next year’s development landscape.
3 Game-Changing Trends Thanks to TCJA
The Tax Cut and Jobs Act of 2017 favors apartment rentals over single-family home sales in a number of ways, but developers and managers should not take this advantage for granted, says designer Mary Cook.
Converting Online Reviews Into Onsite Action
Credible word-of-mouth advertising is a top source for revenue generation. The reputation manager at Fogelman Properties describes how his company is making the most of digital review data.
Attracting New Patients to Your Dental Practice
In today’s crowded marketplace, one of the keys to success is being able to differentiate yourself from the competition, not only to solidify a good first impression, but also to continue to impress your patients with each succeeding encounter. Attracting and retaining patients is about creating value for them — as a medical professional, a business owner and a friend.
3 Golden Rules to Medical Office Management
If you are providing feedback on a regular basis, employees are aware that their work is being monitored and they will be held accountable for their productivity. The staff will more likely be motivated to excellence when they don’t have the stress of a manager directing their every move. Trusting employees to do what they were hired to do will allow the manager time to focus on other areas.
How to choose the best patient financing solution for providers and patients
When a hospital is fiscally healthy, more patients can be physically healthy. With decreased collections and the rise of bad debt associated with patient receivables, healthcare providers are evaluating patient financing solutions. Below are some key differences to understand as you consider potential solutions.
2019 Q3 tax calendar: Key deadlines for businesses and other employers
Here are some key tax-related deadlines for businesses and other employers during Quarter 3 of 2019. JULY 31: Report income tax withholding and FICA taxes for Q2 2019 (unless eligible for an Aug. 12 deadline). File a 2018 calendar-year retirement plan report or request an extension. SEPT. 16: If a calendar-year partnership or S corp. that filed an extension, file a 2018 income tax return. If a calendar-year C corp., pay the third installment of 2019 estimated income taxes. Contact us for more about the filing requirements and to ensure you meet all applicable deadlines.
Is an HSA right for you?
A Health Savings Account (HSA) offers tax-advantaged funding of health care costs. If you have a qualified high-deductible health plan, you can contribute to an HSA sponsored by your employer or set up by you. You own the account, which can bear interest or be invested. It can grow tax-deferred, similar to an IRA. Withdrawals for qualified medical expenses are tax-free, and you can carry over a balance from year to year. So unlike Flexible Spending Accounts (FSAs), undistributed balances in HSAs aren’t forfeited at year end. For 2019, the deductible contribution limits are $3,500 self-only, $7,000 family. Contact us with questions or if you need help setting up an HSA.
Put a number on your midyear performance with the right KPIs
It’s the middle of the calendar year. How are things going? You can answer specifically by choosing and calculating key performance indicators (KPIs). For example, the current ratio indicator helps you assess your cash flow by dividing current assets by current liabilities. But KPIs aren’t limited to widely used ratios. You can make up your own and apply them to any business area. Say your company wants to improve its closing rate on sales leads. A KPI could be to convert 50% of all qualified leads into customers over the next six months. Contact us for more info.