Can your business benefit from use of an IC-DISC? If you have any of the following situations in your business, then you should consider the use of tax provisions available to an IC-DISC (Interest Charge-Domestic International Sales Corporation) which could be beneficial to your company and you as a shareholder in your company:   A […]

The media is buzzing about the latest extender's bill known as the PATH Act ("Protecting Americans from Tax Hikes Act of 2015") signed into law by President Obama on December 18, 2015. Tax highlights from the PATH Act impactful to businesses and individuals are summarized below. Businesses The research tax credit was made permanent. After 2015, AMT taxpayers may […]

Retirement Planning Conversation with Smolin's Ted Byer CPA,PFS,CFP*, and Joseph Pasquino, CPA We sat down with Ted and Joseph to discuss some key points surrounding planning for retirement and what Smolin can do to help with that planning. Here is part of that conversation. Ted Byer:  The most frequent question that I get from my […]

If you are a parent of a special needs child, you may be eligible for dependency exemptions, tax deductible medical expenses, pre-tax savings and tax credits. One way to reduce your tax bill is to claim a dependency exemption on your tax return. In 2016, the dependency exemption is $4,050 per dependent subject to income phaseouts. Another way […]

By Laura Lovett, CPC, CPMA, CPC-I, CANPC, CEMC, Data Integrity & Compliance Consultant, The Rybar Group, Inc. As hospitals have acquired a growing number of physician practices in recent years, they’ve also acquired new compliance problems that often fly under the radar. There is a dizzying array of rules and regulations with which healthcare providers must be […]

By Dr. David Friend, MBA, The BDO Center for Healthcare Excellence & Innovation Healthcare providers must transform the way they approach healthcare delivery—then measure, innovate, refine and measure again to ensure they’re having a maximum impact on the populations and key stakeholders served. The healthcare industry is undergoing a complete paradigm shift. New reimbursement models, technological […]

By Laura Kalick, JD, LLM in Tax Most exempt organizations are well aware that the IRS conducts random audits. But in light of its limited resources, particularly for the Exempt Organizations Division, the agency is increasingly focusing its examinations on areas it believes will yield a high return for its efforts. When it comes to exempt organizations, the […]

In November of this year, the IRS raised the safe harbor threshold for deducting certain capital items from $500 to $2,500. Small businesses that do not have audited financial statements and other “applicable financial statements” may use this safe harbor amount. For businesses that do have audited financial statements, the safe harbor threshold remains at […]

By Terri Albertson CPA and Tom Gorman, CPA In the time since our team attended the 2015 NACUBO Annual Meeting, we’ve been continuing to mull over many of the presentations we attended and conversations we had, particularly around the breakneck pace of change in the higher education industry. Each busy back-to-school season, as colleges and universities welcome […]