Articles Tagged - HealthCare

Advantages of Onboarding an Outside Accounting Firm for Your MSO or DSO

By Wiss, Posted in Advisory Services

By Carolyn Hall, CPA, MBA In my last blog post, we covered how a business process review is a great tool to determine what processes can be improved upon in your medical service organization (MSO) or dental service organization (DSO). One of the most common outcomes of a BPR is a company elects to onboard an outsourced accounting firm. With this post, let’s explore the value-added benefits of such a relationship. A Valuable Team Addition An outsourced accounting firm with experience in the healthc... read more.

If You’re Self-Employed, You May Qualify for Insurance Deductions

By Wiss, Posted in Tax Advantages

For myriad professionals, becoming an entrepreneur can be a dream come true. Fortunately, health insurance deductions can make maintaining that dream much easier. The Self-Employed Health Insurance Tax Deduction within the Affordable Care Act can assist in lowering your adjust gross income by your payment quantity in premiums on dental, medical, and qualified long-term care insurance for you and your loved ones. For self-employers unable to access a partner’s insurance plan, taking on this career path... read more.

No Health Coverage? Be Prepared to Pay a Hefty Price

By Wiss, Posted in Tax Services

As of now, Obamacare’s individual mandate requests that you purchase health insurance. If you can afford the coverage and refuse to acquire it, a big fee could be headed your way. For the tax year of 2016, the Individual Shared Responsibility fine skyrocketed to 2.5 percent of an individual’s complete household adjusted gross income. However, for the new year and beyond, the amount will stay at 2.5 but the flat fee will be regulated for inflation. For each month you do not have coverage, you, yo... read more.

What Foreign Business Owners Need to Know When Starting to Work in The U.S.

By Wiss, Posted in International Tax Services

By Mark Feldstein and Mary Vasilescu When international businesses are considering doing business in the U.S., the first question is usually, “Where do we start?” Whether the company is considering an acquisition or opening a facility in this country, there are a number of things to know before stepping foot on U.S. soil. Here are some things to consider. Type of Entity Will the company be a Corporation, an LLC or something else? Each class of entity has its advantages and disadvantages, an... read more.