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2017 OMGMA Conference Recap

2017 OMGMA Conference Recap

Thank you for joining us at the OMGMA fall conference last week. It was one of the best Healthcare conferences our team has attended, with powerful keynote speakers and sessions.  We had a tremendous turn out for our own session, presented by Brian Newton, CPA and Jeremy Prickel, CPA…

2017 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

2017 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.     October 16 • If a calendar-year C corporation that filed an automatic six-month extension: o File a 2016 income tax return (Form 1120) and pay any tax, interest and penalties due. o Make contributions for 2016 to certain employer-sponsored retirement plans. October 31 • Report income tax withholding and FICA taxes for third quarter 2017 (Form 941) and pay any tax due. (See exception below.) November 13 • Report income tax withholding and FICA taxes for third quarter 2017 (Form 941), if you deposited on time and in full all of the associated taxes due. December 15 • If a calendar-year C corporation, pay the fourth installment of 2017 estimated income taxes.   ©...
Watch Out For Potential Tax Pitfalls of Donating Real Estate to Charity

Watch Out For Potential Tax Pitfalls of Donating Real Estate to Charity

Charitable giving allows you to help an organization you care about and, in most cases, enjoy a valuable income tax deduction. If you’re considering a large gift, a non-cash donation such as appreciated real estate can provide additional benefits. For example, if you’ve held the property for more than one year, you generally will be able to deduct its full fair market value and avoid any capital gains tax you’d owe if you sold the property. There are, however, potential tax pitfalls you must watch out for: Donation to a private foundation. While real estate donations to a public charity generally can be deducted at the property’s fair market value, your deduction for such a donation to a private foundation is limited to the lower of fair market value or your cost basis in the property. Property subject to a mortgage. In this case, you may recognize taxable income for all or a portion of the loan’s value. And charities might not accept mortgaged property because it may trigger unrelated business income tax. For these reasons, it’s a good idea to pay off the mortgage before you donate the property or ask the lender to accept another property as collateral for the loan. Failure to properly substantiate your donation. This can result in loss of the deduction and overvaluation penalties. Generally, real estate donations require a qualified appraisal. You’ll also need to complete Form 8283, “Non-cash Charitable Contributions,” have your appraiser sign it and file it with your federal tax return. If the property is valued at more than $500,000, you’ll generally need to include the appraisal report as...
Jones & Roth Presents at AGC Oregon – Columbia 2017 Summer Convention

Jones & Roth Presents at AGC Oregon – Columbia 2017 Summer Convention

August 12th – Skamania Lodge, Stephenson WA The Jones & Roth Construction Team Presented at the 2017 AGC Oregon – Columbia Chapter Summer Convention. The Convention featured educational break out sessions designed to equip contractors with best practice business management expertise. Jim Christian, CPA, CCIFP and Evan Dickens, CPA presented  Tips & Techniques for Detecting and Preventing Fraud in Your Construction Company. Content highlights included: major forms of business fraud including fraudulent financial reporting (lying), and misappropriation of assets (stealing). When does fraud happen? Who prevents fraud? The CPAs role. Warning signs of fraud. Considerations in banking and technology. Considerations for Employees. A minimizing risk checklist, and the fraud triangle. To receive a copy of the presentation slides and outline appendix please contact info@jrcpa.com The Jones & Roth Construction CPA & Advisory Team works with family-owned and closely held construction businesses in the construction and real estate development industries. The team provides accounting, advisory and tax guidance that allows construction clients to achieve maximum profitability.                            ...

EVENTS

WEBINARS

Benchmarking Your Key Performance Indicators

Benchmarking Your Key Performance Indicators

Many practice managers do not perform any kind of benchmarking and therefore never realize the true potential of their practice. With minimal improvements, a practice can see a significant increase in cash flow and a better bottom line.

Healthcare Denial Management

Healthcare Denial Management

Think your medical practice has a healthy revenue cycle? If you haven’t focused—really focused—on insurance denials, then think again. Denials might be the most underestimated and poorly understood sources of significant cash leakage from your practice’s revenue cycle.

Front Office Success

Front Office Success

Your front office is action-central for patient service and efficient patient flow. Hang on to your seats for this entertaining but illuminating webinar at how to prevent service breakdowns and blunders at this critical crossroads.

Meaningful Use: The Insanity Continues

Meaningful Use: The Insanity Continues

Don’t miss this webinar on the new changes to the meaningful use regulations. Many of these changes are beneficial and will relieve some pressures that practices were facing to manage compliance and reporting requirements.