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Accounting

May 01 2018
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Analysis: Impact of the Trump tax cut

By 2018, Accounting
Analysis: Impact of the Trump tax cut Blake King, CPA, MAcc, MT, CVA Partner, Director of Accounting On Dec. 22, the Tax Cuts and Jobs Act of 2017 (TCJA) was passed in to law. The TCJA represents the biggest change to our tax system since 1986. At over 500 pages, it is without question complex,...
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May 02 2017
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How Taxes Impact Mortgage Interest

By 2017, Accounting
How Taxes Impact Mortgage Interest By T. Blake King, CPA, MAcc, CVA, Partner, Director of Accounting After remaining at historic lows for many years, interest rates are on the rise. While the upward move still keeps most mortgages below 4%, many people are refinancing before rates go any higher. With this increased activity and the recent...
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Jun 14 2016
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Beware New IRS Phone Scam

By 2016, Accounting
Beware New IRS Phone Scam By Blake King, CPA, MAcc, CVA “Hello, this is Agent Smith with the IRS, ID number 74930. You owe delinquent taxes and must pay immediately. Give us your bank or credit card information or we will send you to jail.” If you get a phone call that sounds like this, hang...
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Feb 08 2016
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What Obama’s new bipartisan tax law means for physicians

By Accounting
What Obama’s new bipartisan tax law means for physicians On December 18, 2015, President Obama signed the Protecting Americans from Tax Hikes (PATH) bill into law, a bipartisan agreement that extended many tax provisions either two or five years, and made several other provisions permanent. What does this mean? For the first time in many...
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Jan 07 2016
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Physician compensation models and expenses

By 2016, Accounting
Physician compensation models and expenses One of the most important decisions that a growing medical practice must make is how to compensate its providers. When a practice has only one provider, the compensation model is very simple. Revenue is received, expenses are paid, and any funds remaining are paid to the owner. However, when new...
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Dec 31 2015
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IRS updates retirement plan requirements for employers

By Accounting
IRS updates retirement plan requirements for employers The IRS has been busy when it comes to the Employee Plans Compliance Resolution System (EPCRS). In March, it released Revenue Procedure 2015-27 that overhauled the correction process for overpayments. Then in early April, the IRS released Rev. Proc. 2015-28. Effective April 2, 2015 the document describes updated...
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