For best results, start your strategic planning early
Although it’s probably too early to start chilling a bottle of bubbly for New Year’s Eve, it’s not too early for business owners to start their strategic planning for next year. Begin with your financial statements. They’ll tell you whether to be strategically ambitious or cautious. Calculate key performance indicators such as gross profit and current ratio. Also look at certain areas of your company, including human resources, sales and marketing, and production and operations. High turnover, slumping sales or too many dissatisfied customers is each a red flag that should shape strategic goals for the year ahead. We can help you crunch the numbers and put together a solid plan.
Getting a divorce? There are tax issues you need to understand
In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure that taxes are kept to a minimum and that important tax-related decisions are properly made. For example, if you sell your personal residence or one spouse remains living there while the other moves out, you’ll want to make sure you’ll be able to avoid tax on up to $500,000 of gain. You also must decide how to file your tax return for this year (single, married filing jointly, married filing separately or head of household). There are several other issues you may have to deal with. We can help you work through all of the financial issues involved in divorce.
2019 Q4 tax calendar: Key deadlines for businesses and other employers
Here are a few key tax-related deadlines for businesses and other employers during Quarter 4 of 2019. OCT. 15: If a calendar-year C corp. that filed an extension, file a 2018 income tax return. OCT. 31: Report income tax withholding and FICA taxes for Q3 2019 (unless eligible for Nov. 12 deadline). DEC. 16: If a calendar-year C corp., pay the fourth installment of 2019 estimated income taxes. Contact us for more about the filing requirements and to ensure you’re meeting all applicable deadlines.
CashMD launches price transparency tool
Users can search for the price of a procedure at providers in their area and then book an appointment through the app.
Healthcare revenue cycle management market projected to be worth $104 billion by 2025
Increasing government spending is partially driving the market’s growth, along with initiatives to encourage adoption of third-party solutions.
Healthcare cloud computing growth due in part to curbing infrastructure costs
Cloud solutions help organizations reduce infrastructure costs and interoperability issues, and aid in complying with regulatory standards.
Growing Housing Investment Continues the Search for a Golden Ticket
Investment in real estate opportunities has climbed substantially during the last decade and only continues to grow.
How to Help Affordable Housing Developers Win Incentives
Affordable housing, at its core, is about the building and strengthening of human capital, says Flynann Janisse of Rainbow Housing Assistance Corp.
Putting together the succession planning and retirement planning puzzle
Business owners must save for retirement and create a succession plan. To put together the pieces, ask some fundamental questions. When do I want to retire? This is when you’ll begin drawing on your savings and when your successor will take over. How much retirement income will I need? To maintain your lifestyle, you’ll likely need a substantial percentage of your current annual income. What are my retirement income sources? Think about how a business sale or continued involvement in your company will affect this. Am I saving enough? Heavy spending and an excessive debt load can delay retirement and negatively impact your succession plan. Contact us for help.