Catch-up retirement plan contributions can be particularly advantageous post-TCJA
Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your 401(k) up to the regular annual limit? Then you may want to make “catch-up” contributions by the end of the year. Increasing your retirement plan contributions can be particularly advantageous if your itemized deductions for 2018 will be smaller than in the past because of changes under the TCJA. The additional contributions can reduce your taxable income and help make up for the loss of some of your itemized deductions. Contact us for more information.
Estimates vs. actuals: Was your 2018 budget reasonable?
If your company created a budget for the 2018 calendar year, you can now compare its estimates to actual results and determine whether it was reasonable, and, if not, how to adjust it to be more accurate for 2019. Estimates often start with historical financial statements. But internal and external factors may merit adjustments. Think about new contracts, major growth moves and regulatory changes. Above all, find the right method of tracking your financials throughout the year so you’re working with up-to-date data. Let us help you through the budgeting process.
How Do We Fix The Manufacturing Skills Gap? Lots Of Ways!
The skills gap is real. But even if we were able to go back to the days of shop classes and home/auto repair “on the job training,” there would still be a gap, since today’s manufacturing environment is so much more technically demanding than what past generations faced. As the above examples show, solutions today must come from a variety of sources (for both funding and training), and provide resources for a variety of wildly differing needs.
Venturing Wisely into Smart Manufacturing
There are always risks for new manufacturing technology programs. To ensure progress, you’ll need to consider five key aspects.
Recreating the Tech Boom of the 20th Century with Advanced Manufacturing
The 21st century is maintaining the rate of innovation in large part thanks to America’s manufacturing scene.
AI In Manufacturing: Ready For Impact
Manufacturers should not wait before addressing these and other AI-related challenges, including the acquisition of skills and expertise. AI may not yet have made a heavy imprint on the sector, but that is certain to change in the foreseeable future.
4 front office billing tips
When the front desk staff does their part, your billing and collections routine gets off to a smart start, and that eventually means more income for your practice.
Low consumer literacy of healthcare industry linked to almost $5 billion in costs, report finds
Confusion over navigating the complex healthcare system translates into a significant customer-service cost burden for insurers.
Wraparound services hold promise for reducing health costs and improving outcomes
Wraparound services potentially saved $8.2 million from 2011 to 2016, based on median hospitalization costs, the authors found.
6 back office billing strategies
In this two-part series, Olson, who works at the Ocean Springs, Miss., firm, offers financial management and support services for the healthcare community. She shares six ways to get your back office team to bring their best game to your billing and collections efforts. Click here to see her suggestions for the front office.