At the "Webside'

Physician Groups

At the "Webside'

August 29, 2016

(Modern Healthcare, By Erica Teichert; Published August 2016) As telemedicine takes root, there’s a growing need to train physicians on how to handle virtual visits with patients and develop a good ‘webside manner.’   When Kaiser Permanente’s emergency room wait times began rising three years ago, Dr. Dennis Truong and a colleague launched a telemedicine program…

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ColoradoCare An Independent Analysis

August 19, 2016

Colorado voters have a momentous choice to make about their health care this fall. Amendment 69 would create ColoradoCare, a revolutionary system to pay for health care. It’s a response to concerns that the current system costs too much and fails to provide for everyone’s health needs. ColoradoCare would resemble some systems in Canada and…

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Financial Analysis of ColoradoCare

August 12, 2016

(Colorado Health Institute; Published August 2016) ColoradoCare, the proposed universal health care system on November’s ballot, would struggle to bring in enough revenue to cover its costs, according to an independent financial analysis released by the Colorado Health Institute. The Colorado Health Institute is a nonpartisan source of independent and objective health information, data and…

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IRS Extends Health Care Information Return Due Dates

January 8, 2016

The Internal Revenue Service (IRS) has announced that the due date for providing the following 2015 forms have been extended from February 1, 2016 to March 31, 2016: 2015 Form 1095-B – Health Coverage 2015 Form 1095-C – Employer Provided Health Insurance Offer and Coverage Also, the IRS has announced that the due date for…

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2016 Deductible Vehicle Mileage Rate Decrease

The IRS has announced the official mileage rates for 2016.   The IRS mileage rates for 2016 for the use of a vehicle are: 54 Cents per mile for business use down from 5 cents in 2015. 19 cents per mile for medical reasons or moving purposes down from 23 cents in 2015. 14 cents per…

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Tax-Free Income from Renting Your Home

May 1, 2015

From Canton, Ohio, where the Pro Football Hall of Fame Weekend takes place in August, to Los Angeles, which has Haunted Hayrides to celebrate Halloween throughout October, cities small and large host special events throughout the year. Moreover, oceanfront communities attract millions of tourists in the summer while mountain regions offer winter sports each winter.…

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Deducting Business Travel

April 30, 2015

As the world shrinks, business owners may find themselves traveling to foreign destinations. Often, such trips are vital, leading to personal visits with suppliers and potential customers. Ideally, you’ll be able to deduct all your travel costs, but that may not be the case if you venture beyond the 50 states and Washington, D.C.  …

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Business Owners Get More Bang From Flex Plan Bucks

April 28, 2015

Although all the effects of the Affordable Care Act (ACA) are still unclear, it’s likely that health insurance costs will continue to increase in the future. Business owners may require greater health plan contributions from participating employees. In addition, this health care law already has made it more difficult for individuals to deduct medical outlays:…

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Reasonable Compensation for S Corporation Owners

February 27, 2015

For regular C corporations, “reasonable compensation” can be a troublesome tax issue. The IRS doesn’t want shareholder executives to inflate their deductible salaries while minimizing the corporation’s nondeductible dividend payouts. For S corporation owners, the opposite is true. If owner employees take what the IRS considers “unreasonably low” compensation, the IRS may recast the earnings…

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Deductions for Dining Out

February 25, 2015

Champagne and caviar on the IRS? Typically, the answer is no. Nevertheless, there are times when you can go out to eat—perhaps to the best restaurant in town—and recoup some of your costs through tax savings. Business as Usual Perhaps the most obvious way to deduct dining costs is to buy a meal for someone…

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2015 Pension Plan Limitations

February 22, 2015

(IRS Newswire, Issue Number IR-2014-99; Published 2014) Taxpayers May Contribute up to $18,000 to their 401(k) plans in 2015 The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015.  Many of the pension plan limitations will change for 2015 because the increase…

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Don’t Believe the Hype – Investing in Private Companies

January 6, 2015

Deborah Helton Director Send Email View Full Bio Austin Buckett Manager Send Email View Full Bio What would you say if I could get you a 500 percent return on your money over the next two years with little to no risk?  Sound too good to be true?  Unfortunately, it is but that doesn’t stop…

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Don’t Waste 529 Tax Benefits

January 5, 2015

Qualified tuition programs (QTPs), also known as 529 plans, offer substantial tax benefits. Investment earnings inside such plans avoid income tax. In addition, distributions from 529 plans to cover qualified higher education costs are tax-free. However, you’ll lose the full value of 529 tax benefits if you’re not careful about managing distributions. One trap is…

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Buyer Beware

(PlasticSurgeryPractice.com InDepth By Gregory Michael Dell, Esq) Beware the “medical occupation” definition of total disability A well-known insurer recently introduced the “Medical Occupation” definition of disability to the marketplace. While the “Medical Occupation” definition appears to be an innovative method to sell physicians a new long-term disability product, I still think there is nothing better…

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Juggling Appreciated Assets and Bequests

October 28, 2014

During your lifetime, donating appreciated assets to charity can make sense. As long as you have held those assets for more than one year, you’ll get a deduction for the assets’ current value. The paper gain will avoid income tax. Example 1: Ava Brown wants to donate $10,000 to her favorite charity this year. Instead…

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Mixing Annuities and IRAs

October 24, 2014

According to the Investment Company Institute, 68% of households with IRAs have mutual funds in those accounts. That’s followed by individual stocks (41%), annuities (35%), and bank deposits (25%). Therefore, annuities are among the most common IRA holdings; they are also among the most controversial because many observers assert that annuities don’t belong in an…

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