Can you claim your elderly parent as a dependent on your tax return?
If you supported an elderly parent last year, you might qualify for an adult-dependent exemption of up to $4,050 on your 2017 tax return. For you to qualify, in most cases your parent must have less gross income for the tax year than the exemption amount and you must have contributed more than 50% of your parent’s financial support. For 2018, the exemption is suspended, but you might be eligible for a $500 “family” tax credit for your adult dependent. We’d be happy to provide additional information. Contact us to learn more.
2018 Q2 tax calendar: Key deadlines for businesses and other employers
Here are some key tax-related deadlines for businesses and other employers during Quarter 2 of 2018. APRIL 17: If a calendar-year C corporation, file or extend your 2017 income tax return and pay any tax due, and pay the first installment of 2018 estimated taxes. APRIL 30: Report income tax withholding and FICA taxes for Q1 of 2018 (unless eligible for May 10 deadline). JUNE 15: If a calendar-year C corp., pay the second installment of 2018 estimated income taxes. Contact us for more about the filing requirements to ensure you’re meeting all applicable deadlines.
Working From Home Vs. Working At The Office: Who Gets More Done?
For the uninitiated, WFH, or “Working From Home,” is an acronym that you’ll likely start seeing in more and more work emails, written by coworkers who are likely in their PJs, and probably feeding their dog at the same time.
10 Areas of Financial Waste to Cut at Your Practice
Finance experts can spot fiscal waste almost from the moment they walk into a doctor’s office, clinic, or hospital. However, medical practice administrators and clinicians can easily overlook inefficiencies in the day-to-day rush to treat patients.
Artificial Intelligence (AI), Healthcare and Regulatory Compliance
The media is replete with articles about how artificial intelligence (AI) is going to change the medical world, in cancer detection and other diagnostic and treatment disciplines. The articles describe how AI, primarily deep learning (DL) applications are as accurate or better than medical experts. That means they’ll be used quickly adopted, right? Not really, there’s a regulatory picture many ignore.
9 Vital Workplace Design Developments for 2018
While there will be many reporting the design trends for the year ahead, it’s important that we think beyond the basic workplace trends that will be most popular and consider the development in design that will occur in 2018.
We’ve researched not only how the results of workplace design will change, but also how the approach to workplace design will change. What developments will affect how new office projects are planned in 2018?
Today’s Residents Want Modern Ways to Pay
The average American checks their smartphone almost 50 times per day. For millennials, the number is even higher, at 74. With half of the renter population under the age of 30, digital technology is a game changer at apartment communities for both the residents and property managers.
Legislative Watch 2018
In the waning days of 2017, many policy issues affecting the apartment industry have been front and center for Congress and the administration.
Home vs. away: The company retreat conundrum
Many people assume a company retreat must happen off-site. Not true: An on-site retreat is a cost-effective option. You won’t have to rent space and can probably save on locally catered food and bulk beverages. But employees often struggle to focus and find inspiration in-house. Off-site events can be a welcome and exciting change of pace. When planning one, be ready to negotiate. Get multiple quotes and compare prices for space, food and beverages, and guest rooms if you’ll need them. Don’t be shy about asking for discounts. Contact us for more ideas and info.
Home-related tax breaks are valuable on 2017 returns, will be less so for 2018
If you own a home, you may be eligible for several valuable breaks when filing your 2017 return. But under the Tax Cuts and Jobs Act, your home-related breaks may not be as valuable next year. Affected breaks include deductions for property tax, mortgage interest, home-equity-debt interest and home office expenses. Also, a mortgage-insurance premium deduction and a debt forgiveness exclusion expired Dec. 31, 2017, but they might be extended. We can help you determine which breaks you can claim on your 2017 return and how your 2018 tax situation may be affected.