10.11.17

Should You Outsource Billing?
Greg Koelling

Deciding to handle your billing in-house or hire an outside billing company is an important decision with significant implications for your practice’s long-term financial health. It is a good idea to look at all of the pros and cons to ensure your decision is the right one.

10.10.17

How to Control Overhead Costs

You cannot control costs if you do not know what they are. Unfortunately, many medical practices do not have enough granularity in their budgets to determine what is actually going on, let alone where to start making cuts if needed.

10.09.17

Worker Classification Matters

Many employers mistakenly believe that the misclassification of employees as independent contractors does not really matter, so long as contractors satisfy all of their tax obligations. This could not be further from the truth. This article explains the stakes involved when employers classify workers as employees or independent contractors.

10.04.17

For Good Financial Health, Take Your RMDs
Dan Newman

Employer-sponsored retirement plans and traditional IRAs offer participants almost unbeatable tax-saving and wealth-building opportunities. But the benefits come with a catch. At a certain point, you have to stop investing and start withdrawing in the form of required minimum distributions (RMDs) or pay a severe price.

10.03.17

How Does a Growing Company Maintain its Innovation and Competitive Edge?

How does a growing company maintain its innovation and competitive edge? By hiring great employees? NOPE. It’s by keeping them. By employing open book management and offering a stake in profits you can retain great talent to help your company thrive. Learn the key concepts, metrics and incentives needed to curate your culture for growth. We […]

10.02.17

IRS Simplifies Process for Avoiding Rollover Penalties

In the past, retirement plan participants have found the process to rollover their retirement plan a tedious and sometimes costly process if proper procedures are not followed. However, recently the IRS has made it a lot easier for retirement plan participants and IRA owners to avoid penalties when they botch a rollover. This article discusses new IRS Revenue Procedure 2016-47, which allows participants to “self-certify” valid reasons to the receiving financial institution.

09.25.17

All Charitable Deductions are Not Created Equal
James Quaid

With the end of the year approaching, your supporters may be thinking about making charitable contributions they can deduct on their 2017 federal tax returns. Here is some information your supporters may find helpful when thinking about different types of donations, some of which are not tax deductible at all.

09.18.17

Why Law Firms Should Look to the Cloud
Robert Swenson

Cloud computing is not exactly new. It has been on the radar of efficiency and cost-minded businesses of all sizes for some time, but law firms have been slower to jump on board, largely because of privacy and security concerns. However, several newer cloud computing options address these issues, and many firms are concluding that the benefits far outweigh the risks.

09.14.17

Crossing That Bridge: Understanding the Pros and Cons of Bridge Loans
Tamara Partridge

Investors and home buyers generally use bridge loans until they can secure long-term financing. As with any form of financing, there are advantages and disadvantages. This article summarizes what exactly bridge loans entail, and then delves in to the pros and cons of this type of financing.

09.13.17

Loan or Lease: What Is the Smartest Way to Finance New Asset Purchases?

Manufacturers that need to expand their facilities or update equipment may be weighing the pros and cons of financing versus leasing. This article explains tax, financial and practical considerations to help business owners make informed decisions.