Are you ready to expand to a second location?
Are you thinking about expanding your business to a second location? If so, make sure your company is truly ready. First ask whether you can duplicate the success of your current location at another one. Also look into how an expansion might create conflicts between the two locations. Explore the financial aspects, too. How will you fund the expansion? Can your cash flow keep up with building costs? And don’t overlook potential tax issues, especially when crossing state lines. We can help you fully assess the pluses and minuses of a potential business expansion.
Tax planning for investments gets more complicated
For investors, fall is a good time to review year-to-date gains and losses. Doing so can help you determine whether to buy or sell investments before year end to save taxes. You also need to consider the TCJA. While it didn’t change long-term capital gains rates, it did change the tax brackets. For 2018 through 2025, these brackets are no longer linked to the ordinary-income tax brackets for individuals. So, for example, you could be subject to the top long-term capital gains rate even if you aren’t subject to the top ordinary-income rate. Questions? Contact us.
Taxpayers can connect with the IRS on their phone using IRS2Go
Taxpayers who need tax help can simply pull out their phone and download the IRS mobile app. IRS2Go is available to use for free on any iOS or Android device.
Data shows expenses continue to outpace revenue for nonprofit hospitals
Fueling the trend are lower reimbursement rates, a shift to outpatient care and growing merger and acquisition activity.
The 5 lowest-value care services and what providers can do about them
Expensive branded drugs, diagnostic testing and imaging prior to low-risk surgery and population-based vitamin D screening, all make the list.
Labor budget increases, staffing shortages loom large for healthcare executives in 2019
Majority of execs said they face increases in their labor budgets and staffing shortages are worse this year than last.
It’s tax fraud season for doctors, again
September is the start of the annual tax fraud sales season. As doctors are aggressively pursued with a variety of tax savings plans that make big promises, knowing what you are buying and who you are dealing with is vital.
Five ways pivot tables improved our bottom line
My favorite analytic tool in Microsoft Excel is called the pivot table. Rather than relying on the confusing and canned reports provided by our practice management system and EHR, I can use pivot tables to see the data I want to see, sort the data how I want to sort it, and produce actionable and meaningful reports.
New Walking-Working Surfaces Rule
The State of Michigan adopted the new federal OSHA standard pertaining to walking-working surfaces earlier this year. MIOSHA’s Part 2. Walking-Working Surfaces applies to all general industry workplaces in the State.
Improving Resident Retention Rates with Social Media
The bottom line for an effective social media presence is simple: the more communication you have with your residents, the better. Your social media channels have the potential to provide renters with the modern and memorable customer service they seek and can go a long way in retaining your current residents! With all your engagement documented and displayed online, taking care of your current renters is also synonymous with generating new leads for your community.