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5 Ways Dental Practices Can Take Advantage of the 20% Pass-Thru Deduction
Tax reform, commonly referred to as the Tax Cut and Jobs Act, has many new provisions that became effective for tax years beginning January 1st, 2018. One provision in particular created a deduction up to 20% of “qualified business income” earned from pass-thru entities and sole proprietors…
Practical Management for Independent Practices
This excellent post is from Pacific Northwest Healthcare Practice Consultant Lonnie Hirsch of Hirsch Healthcare Consulting. Lonnie has identified top 10 challenges that face physician-owned independent practices. The list includes financial and profitability challenges, the emotional states of being overwhelmed and confused, time and resource constraints, physiological barriers to success, and more…
2018 Tax Reform Impact on Meals & Entertainment
The Tax Cut and Jobs Act of 2017 (TCJA) puts stricter limits on what businesses can deduct for meals and entertainment expenses for amounts incurred or paid after December 31, 2017. The Jones & Roth tax team has put together a reference chart as a tool to help you navigate the various changes…
Potential Strategies for Physicians When Considering The New 20% Pass-Through Deduction
Tax reform, commonly referred to as the Tax Cut and Jobs Act, has many new provisions that became effective for tax years beginning January 1st, 2018. One provision in particular created a deduction up to 20% of “qualified business income” earned from pass-thru entities and sole proprietors…
Jones & Roth to Present “Optimizing Revenue Cycle & Cash Flow” at OMGMA Fall Conference
Jones & Roth Healthcare Advisors Nicole McOmber, CPA & Elliott Tracy, CPA have been selected to present a breakout session at the 2018 OMGMA Fall Conference…
Depreciation Tips for Small Healthcare Clinics
Growing your practice by investing in new high-technology medical equipment is one of the best strategies for the success of your business. Interest rates are still very low…
Strategic Planning for your Business
Is your business positioned to take advantage of future opportunities? Businesses often start with a great idea or a new emerging product. Unfortunately, they can also die from the same opportunity if they don’t know how to adapt. A business stagnates when it isn’t regularly looking for new opportunities, or reacting appropriately to the changing environment…
2018 Proposal Tax Reform 2.0
Tax reform 2.0 has been announced. Though the outline lacks details and should be considered a work in progress, it’s worth tracking these developing dynamics. The following is an overview of the proposal from the Committee on Ways & Means regarding the initiatives and objectives of Tax Reform 2.0.
Oregon Legislature Update for Healthcare Practices
The Oregon Legislative session voted and passed a tax bill in February in response to the federal tax reform enacted in December 2017. In planning for 2018 taxes, the following are a few of the key Oregon provisions to take into consideration…
WEBINAR: Tax Reform & Planning Opportunities for Physicians, Dentists, and their Practices
In this free webcast, you’ll learn about the potential planning opportunities available to you and your medical or dental practice, and how the changes could impact your tax liability for 2018. We’ll review changes to tax rates, exemptions, credits, Section 179, the new 20% deduction for qualified business income (also referred to as the “pass-through deduction”), and new considerations for your business entity…
Sample Oregon Transit Tax Notification for Employers
The following is an Employee Notification that can be given to employees to explain the tax. Employers can place this notice in payroll stub envelopes in July.
FAQ: New Oregon Transit Tax
What is the Oregon Transit Tax? On July 1, 2018, employers must start withholding the tax (one-tenth of 1 percent or .001) from: – Wages of Oregon residents (regardless of where the work is performed). – Wages of nonresidents who perform services in Oregon…