09.28.23

What Does Your Staff Want from You?
Kelly H. Buchheit

As a medical professional, you probably have a clear idea of what you want from your staff, but do you know what they want from you? Finding the answers to this question can be highly beneficial for the long-term stability and profitability of your medical practice. Related Read: How To Strengthen Staff Culture After a […]

08.23.23

Not-For-Profit Employment Returns to Pre-COVID-19 Levels
Jurgita Kalina

Three years after the COVID-19 pandemic hit the United States, not-for-profit organizations appear to be in a significantly better place in terms of overall employment than they were at the end of 2021, according to the Nonprofit Employment Data Project at George Mason University. It reports that the industry lost about 1.64 million jobs as […]

08.10.23

What You Need to Know About Texting Clients
Joy A. Long

Text messaging—whether via SMS, iMessage or another format—has become ubiquitous in our personal and work worlds. Texting is fast, easy for mostly everyone and can be a positive for both the phone-phobic and those simply in a hurry. Law firm clients already communicate with a variety of service providers by text, and they may expect […]

08.08.23

Should You Sell—or Even Refuse—Inherited Assets?

An inheritance can provide a welcome financial windfall, especially if you are planning for retirement. However, holding on to valuable assets that you inherit may not always be the best decision. In many cases, disposing of them or even turning down an inheritance altogether may make more financial sense. Essential questions If you receive an […]

07.26.23

Why Some Manufacturers are “Reshoring” Their Operations
Andrew Dombro

In recent years, there has been an emerging reshoring trend among U.S. manufacturers. The Reshoring Initiative, a non-profit organization, estimates that from 2021 to 2022, the number of new U.S. jobs from reshoring and foreign direct investment increased by nearly 35%. Reasons to use domestic sources The COVID-19 pandemic exposed serious supply chain risks associated […]

07.20.23

Charge It! Credit Card Issues for Not-For-Profits
Jeffrey Chiles

Credit cards are a common part of doing day-to-day business for most not-for-profits these days. Donors typically use credit cards to make contributions, whether one-offs or recurring, and employees often rely on the cards when procuring supplies and services or traveling on behalf of their organizations. Some not-for-profits have, or have considered, so-called “affinity cards” […]

07.19.23

Keeping Up with Cybersecurity is Essential to HIPAA Compliance
Jason Flahive

Over the past few years, as a result of the COVID-19 pandemic as well as other developments in the medical arena, practices have increasingly relied on technology. This includes the much wider use of telehealth as well as electronic health records (EHR), online medical portals, and appointment confirmations via email and text. Although technology is […]

07.13.23

Health Savings Accounts Can Pay Off for Employers and Employees Alike
Georgia Smeu

With the contribution limits for health savings accounts (HSAs) poised to take a significant leap in 2024, this is a good time for all types of employers to consider adding the arrangements to their benefits packages. These often-misunderstood health care vehicles come with valuable benefits for both employers and employees. Health Savings Accounts in a […]

07.05.23

IRS Audit Issues for Real Estate Owners
Thomas Kosinski

In recent years, the IRS has audited only about 0.5% of individual income tax returns. Their audit choices have been more high net worth returns and larger businesses with more tax issues. However, based on recent tax legislation, the government has provided more IRS funding to help close the tax gap — the difference between […]

07.04.23

Are You Taking Advantage of the FICA Tip Credit?
Brian R. Israel

If you own a restaurant, bar or other business that serves food or beverages, do not overlook the FICA tip credit. This credit provides some relief for the federal payroll taxes you pay on your employees’ tip income. You are required to withhold FICA taxes (Social Security and Medicare) from your employees’ wages and to […]