By Asif Charania, CPA/ABV/CFF, ASA, Valuation and Forensic Services Senior Manager | Healthcare Industry Team Uncertain Times May Provide Gift and Estate Tax Planning Opportunities for Healthcare and Medical Providers…
…addition to the CARES Act’s provision for individual taxpayer recovery rebates, the new law provides individual tax relief. The following is a summary of some of the individual tax provisions…
…effective for tax years beginning after December 31, 2021. PLANNING NOTE: This new graduated tax rate structure coupled with the increases in the top individual income tax rate, imposition of…
…help. Additional Tax Planning Resources: New Tax Law: What You Need to Know The Tax Cut and Jobs Act: 4 Tax Changes Homeowners Need to Know “Withholding Taxes: Are You…
…rate is $0.25 per $100 (0.25%) of the tax base, and there is a $100 minimum tax. This tax can be higher for in-state businesses versus out-of-state businesses. Is your…
Tax Filing Reminders and COVID-19 Related Tax Deadline Extensions Virginia tax deadline information updated April 12, 2021 In 2020, the IRS and the Virginia Department of Taxation extended numerous tax…
…tax compliance. For CARF-accredited agencies, maintaining compliance with tax regulations is essential for both operational success and maintaining accreditation. Tax compliance challenges Maintaining tax-exempt status Many healthcare organizations, particularly non-profits,…
…on tax and other accounting topics. Additional Individual Tax Planning Resources New Tax Law: What You Need to Know Business Expense Changes: Reduced Meals and Entertainment Deductions Tax Cuts and…
…advisor who specializes in healthcare is equipped to handle issues such as unique tax structures and industry-specific tax credits. Proactive tax planning for growth A specialized CARF tax advisor doesn’t…
…develop multi-year cash flow and tax strategies with greater confidence. Recommended advisory workflows: Annual CTC eligibility reviews during year-end tax planning Pre-enrollment comparisons of dependent care FSA vs. tax credit…
…prior to January 1, 2019, to be deductible on the tax return of the payer and be considered taxable income on the tax return of the payee. Payments that are…
Overview of Virginia tax credits for businesses Strategic tax planning often involves using tax credits to lower taxes. Virginia offers a variety of tax credits to promote state investment and…