Insurance, subscriptions, and apps: The changing landscape of patient payment options
As dental practices struggle to keep afloat with insurance payments alone, new options such as membership plans and Chewsi are becoming more common. Ann-Marie DePalma provides this guide for dental hygienists on today’s payment options.
Real Estate Investors to Benefit from the Federal Reserve’s Third Interest-Rate Cut
The central bank lowered the benchmark interest rate a quarter of a percentage point to a range of 1.5% to 1.75%.
Preparing for the Nation’s Senior Wave
Developers seek solutions for aging adults who will have a huge variety needs for housing and services—and a wide range of income levels.
IRS Announces 401(k) Contribution Limit Increases for 2020
The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59 (PDF), posted today on IRS.gov. This guidance provides cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020. Highlights […]
Is multicloud computing right for your business?
Cloud computing is now commonplace, but new derivatives continue to emerge. Under the “multicloud” approach, companies distribute data and computing needs among several providers. Doing so can maximize scalability (increasing or decreasing functionality as needed), improve performance and open a wider menu of options. But there are risks. Some businesses unintentionally engage in multicloud computing when different departments start using public clouds on their own, threatening security. Managing multiple clouds can also be complex and leveraging each provider’s features can be difficult. Finally, you must consider the total cost of ownership. Contact us for help.
You may be ABLE to save for a disabled family member with a tax-advantaged account
There’s a tax-advantaged way for people to save for the needs of family members with disabilities, without having them lose eligibility for government benefits to which they’re entitled. It’s done though an ABLE account, which is a tax-free account that can be used for disability-related expenses. ABLE accounts can be created by eligible individuals to support themselves, by family members to support their dependents, or by guardians. Contributions up to the annual gift-tax exclusion amount, currently $15,000, can be made to an account each year. If the beneficiary works, he or she can also contribute some income to their ABLE account. Contact us if you’d like more details.
Small businesses: Stay clear of a severe payroll tax penalty
Managing payroll is a laborious task for small businesses. But it’s critical to withhold the right amount of taxes from employees and pay them over to the federal government on time. If you don’t, you could be hit with the Trust Fund Recovery Penalty, also known as the 100% penalty. It applies to the Social Security and income taxes required to be withheld by a business from its employees’ wages. It’s called the 100% penalty because people liable or responsible for the taxes can be personally penalized 100% of the taxes due. Absolutely no failure to withhold and no “borrowing” from withheld amounts should ever be allowed in your business. Contact us for more information.
A shadow board could shed light on your company’s best future
Many businesses are still run by older boards of directors (and management teams) that, while rich in experience, might not stay closely attuned to the latest demographic-driven developments pertinent to the company. For this reason, some businesses are establishing “shadow” boards composed of younger, nonexecutive employees who are on the front lines of changing tastes and lifestyles. A shadow board can learn from the actual board or management team while keeping senior leadership abreast of the latest trends, concerns and tech. It can also weigh in on potential changes to employee benefits and help the business retain those who serve on the board. Contact us for more info.