While partners, members and shareholders of pass-through entities were provided a potential tax reduction in the 2017 Tax Reform Act in the form of a 20 percent Qualified Business Income Deduction of their pass-through earnings, determining an owner’s eligibility for and the calculation of the deduction is not so simple. Here are some of the […]
Insights
May 29, 2018 By Dana Gentry
Five Practical Things I’ve Learned About Social Security and Medicare
Five Practical Things I’ve Learned About Social Security and Medicare: Set up an online account with Social Security and get an annual statement of your future benefits each year as soon as you start earning any income. A close friend of mine years ago had a tax return preparer transpose numbers in his social security […]
May 29, 2018 By Kristen Ehrlich
New Partnership Audit Rules: Why You May Need an Updated Partnership or LLC Operating Agreement
In 2015, the Bipartisan Budget Act completely overhauled the IRS audit rules for partnerships, which include limited liability companies (LLCs) taxed as partnerships and their partners. Those rules will go into full effect for tax returns filed for the 2018 tax year. While there is uncertainty on the application of these rules until we receive […]
May 29, 2018 By Anne Chapman
Conducting Employee Performance Evaluations
Most supervisors would say that conducting employee performance evaluations is not an area of their job that they look forward to. However, there are many benefits to conducting timely evaluations of employees. Furthermore, evaluations do not have to be time consuming or complex. Most employees would like feedback concerning how they are performing in a […]
May 29, 2018 By Ann Breitinger
New Direct Primary Care Models for Florida
The new Direct Primary Care (DPC) model law will take effect July 1, 2018. DPC practice models eliminate the fee-for-service payment structure and instead accept one monthly flat fee intended to cover all of the comprehensive primary care needs of the patient for the month. Advocates of the DPC practice model tout the model as […]
