Archive for Alerts & Advisories Category
By Edelstein on October 31, 2018
The Tax Cuts and Jobs Act (TCJA) created more than 100 new tax provisions — a staggering thought as you begin to prepare for the next filing season. The good news is that these and
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Posted In: Alerts & Advisories
By Edelstein on October 30, 2018
Increasingly, hospitals, health systems and the federal government are pushing for “pay for quality” or “pay per performance” over the more traditional “pay for volume” as the underlying structure for physician compensation. This article offers
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Posted In: Alerts & Advisories
By Edelstein on October 29, 2018
Every year, your audit firm will conduct a fresh risk assessment before the start of fieldwork. Why? Because your auditor wants to mitigate the risk of expressing an incorrect opinion regarding the accuracy and integrity
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Posted In: Alerts & Advisories
By Edelstein on October 26, 2018
The Tax Cuts and Jobs Act (TCJA) includes a provision that Secretary of the Treasury Steven Mnuchin said should lead to $100 billion in capital investments in distressed areas. The provision allows taxpayers to defer
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Posted In: Alerts & Advisories
By Edelstein on October 23, 2018
Some of your medical expenses may be tax deductible, but only if you itemize deductions and have enough expenses to exceed the applicable floor for deductibility. With proper planning, you may be able to time
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Posted In: Alerts & Advisories
By Edelstein on October 22, 2018
Strong internal controls can help prevent and detect fraud. That’s why Section 404(a) of the Sarbanes-Oxley Act (SOX) requires a public company’s management to annually assess the effectiveness of internal controls over financial reporting. And
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Posted In: Alerts & Advisories
By Edelstein on October 17, 2018
Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable estate, to help out family members or simply to see their loved ones enjoy the
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Posted In: Alerts & Advisories
By Edelstein on October 16, 2018
Audit opinions differ depending on the information available, financial viability, errors discovered during audit procedures and other limiting factors. The type of opinion your auditor issues tells stakeholders whether you’re in compliance with accounting rules
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Posted In: Alerts & Advisories
By Edelstein on October 12, 2018
The Tax Cuts and Jobs Act (TCJA) was packed with goodies for businesses, but it also seemed to eliminate the popular meal expense deduction in some situations. Now, the IRS has issued transitional guidance —
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Posted In: Alerts & Advisories
By Edelstein on October 5, 2018
If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without owing any income tax on the distributions. This break may
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Posted In: Alerts & Advisories