Blog

By: Greg Uszak, CPA, CHFP, Senior Healthcare Advisor

Revenue is a key performance indicator for all organizations and a critical component in long-term success.  New accounting standards under ASC 606 regarding revenue recognition will undoubtedly make organizations reevaluate the way they measure their performance and adjust their operating procedures to document their compliance with the new standard.  While this can be a challenging task for most organizations, those within the healthcare industry will face several…

When the TCJA was passed, the big estate planning news was
that the federal gift and estate tax exclusion doubled from $5 million to an
inflation-indexed $10 million. It was further indexed for inflation to $11.18
million for 2018 and now $11.4 million for 2019.

Somewhat lost in the clamor, however, was (and is) the fact
that the new law preserves the “portability” provision for married couples.
Portability allows your estate to elect to permit your surviving spouse to use
any of your available estate…

Many taxpayers learned some tough lessons upon completing
their 2018 tax returns regarding the changes brought forth by the Tax Cuts and
Jobs Act (TCJA). If you were one of them, or even if you weren’t, now’s a good
time to check your bracket to avoid any unpleasant surprises next April.

Under the TCJA, the top income tax rate is now 37% (down
from 39.6%) for taxpayers with taxable income over $500,000 for 2018 (single
and head-of-household filers) or $600,000 for 2018 (married couples filing
…