The IRS Has Just Announced 2024 Amounts for Health Savings Accounts
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An HSA is a trust created or organized exclusively for the purpose of…
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Strategies for Managing Conflict in a Dental Office Effectively
By: Frank Clark, Executive Coach, Fortune Management Managing conflict is an essential leadership skill because conflict is an inevitable part of any workplace. For dental practice owners and their teams,…
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Have Employees Who Receive Tips? Here Are the Tax Implications
Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants, hotels and salons. Tip definition A “tip” is an optional payment…
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Key Tax Issues in Merger and Acquisition (M&A) Transactions
Merger and acquisition activity dropped dramatically last year due to rising interest rates and a slowing economy. The total value of M&A transactions in North America in 2022 was down…
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Tax Planning for Medical Practices
Learn the details of depreciation before buying equipment In a volatile economic environment where every dollar counts, your medical practice’s leadership needs to know the distinction between traditional tax deductions…
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IRS Guidance Coming Regarding the IRA’s Clean Vehicle Credit
The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle (CV) Credit, previously known as the Electric Vehicle (EV) Credit. The credit now covers “clean vehicles,” which include…
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