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September 10 2018
5 Quick Tips for Using QuickBooks Online

By Cynthia Hodge If you use QuickBooks, you may have heard that Intuit is making an effort to get users to move from QuickBooks Desktop to QuickBooks Online (QBO). The online version offers many attractive features. With that in mind, here are 5 tips for getting the most out of QBO.   1)   Go Chrome QBO

September 04 2018
Understanding Medicare Cost Reports

By Angie Walters Nearly every U.S. hospital – and many other healthcare providers – accepts Medicare and is therefore required to provide annual, detailed reports to the Centers for Medicare and Medicaid Service (CMS) called Medicare cost reports (MCRs). Medicare-certified Part A institutional providers are required to submit an annual cost report to a Medicare

August 20 2018
Senior Taxpayers Can Still Benefit From Making Charitable Contributions

By Eric Olsen As a result of changes made under the Tax Cuts and Jobs Act of 2017 (TCJA), it is predicted that the number of taxpayers itemizing deductions will fall by more than half for the 2018 tax year. Given that the standard deduction has nearly doubled, most individuals will benefit from the new

July 30 2018
What to Know About Form 1099-OID Fraud

By Alexis Lyn Hailpern Each year the IRS releases its annual “Dirty Dozen” list of tax scams with a warning to taxpayers to remain vigilant, not just at tax filing time, but throughout the year. One tax scam that has remained on the Dirty Dozen list is tax fraud whereby taxpayers attempt to claim fictitious

July 23 2018
Benefits of the Increased Long-Term Construction Contract Exception Limit

By Jaime Rodriguez Jr, CPA Since August 2017, tax rate reductions, business entity selection and the loss of the domestic production activities deduction (DPAD) commandeered most of the headlines under tax reform. However, other changes in the new law will bring added benefit to certain construction company contractors as it relates to the percentage of

July 16 2018
Texas to Hold Back-to-School Sales Tax Holiday, Aug. 10- 12, 2018

Texas will again offer a sales tax holiday before the school year gets underway. In fact, all but one of the states that provided sales tax holidays in 2017 are offering their taxpayers another break this year. Here is what you should know about the 2018 Texas sales tax holiday:   The sales tax holiday

July 10 2018
IRS Announces HSA Contribution Limits for 2019

By Amber Gutschlag Summer is just underway, but before you know it we’ll be watching football, decorating for the holidays and choosing health insurance through annual enrollment.  (One of these things is not like the other!)  As health insurance premiums continue to rise, many individuals and employers are implementing high-deductible health plans (HDHP).  These plans

June 21 2018
Supreme Court Allows States to Require Online Retailers to Collect Sales Tax

For 50 years, the U.S. legal system has barred states from imposing sales tax on purchases their taxpayers make from out-of-state retailers. Today’s Supreme Court ruling in South Dakota v. Wayfair reverses that precedent by allowing states to require internet retailers to collect sales tax. The 5-4 decision in this high-profile case comes after months

June 18 2018
Rising Interest Rates: A Chill for the Commercial Real Estate Market?

After slowly rolling out interest rate increases since the end of 2015, the Federal Reserve announced an increase of one-quarter of a percentage point this March, with at least two more increases expected in 2018. While rates are expected to rise at a modest level, commercial real estate developers, lenders and investors are keeping a

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