Insights and Resources

Whether you're a dentist seeking to expand your career or an investor looking for a profitable venture, this article illuminates the benefits and complexities of acquiring a dental practice. From understanding buy-in and buy-out options, assessing financial readiness, to devising effective post-acquisition strategies, it provides a comprehensive guide to achieving long-term success. Learn how to navigate the acquisition process and leverage an existing setup for immediate growth and steady income.

Plan for your retirement while strategically reducing your tax obligations with the help of tax-deferred retirement plans. Discover the benefits of SEP-IRAs, SIMPLE IRAs, and Solo 401(k)s, as well as how timing and depreciation can affect your business income. Find out how to secure your financial future and maximize tax efficiency for your business.

The accounting profession is undergoing dramatic changes with a decline in interest and qualified professionals; "Revolutionizing Employee Retention in the Accounting Profession" delves into these challenges. The article emphasizes the importance of creating a conducive work environment, implementing a scalable talent model, and leveraging technology in training. It highlights the need for firms to adapt their strategies to meet the changing needs of their workforce.

The IRS is making significant strides in processing Employee Retention Credits. Gain a deeper understanding of these recent updates and their implications for your business. Stay ahead of the curve by reading our latest article.

A new era of transparency is upon US businesses as the Financial Crimes Enforcement Network (FinCEN) implements the Corporate Transparency Act (CTA) requiring certain companies to report beneficial ownership information. This ground-breaking move is targeted at dismantling opaque corporate structures which often facilitate illicit activities. Read on to understand the reporting requirements, exemptions, and timelines.

Beneficial Ownership Information reports are now mandatory for certain businesses in the U.S., a move spearheaded by FinCEN to curb financial crimes. This initiative, part of the 2021 Corporate Transparency Act, seeks to eliminate the veil of corporate secrecy often exploited by illicit actors. Learn about the reporting deadlines, exemptions, and resources available to aid businesses in this transition.

With the rise of legal sports betting and online gambling, it's crucial to understand the IRS reporting requirements associated with your winnings. Discover the thresholds for different types of gambling and how to report your earnings accurately. Learn how to avoid potential penalties and comply with IRS regulations.

This article highlights the critical role of business valuation in estate planning, emphasizing its impact on wealth transfer, estate taxes, and asset division. It discusses the potential for valuation discounts in the current economic environment and the consequences of procrastination in obtaining a business valuation. It also underscores the need for professional advice to ensure compliance with tax laws and regulations.

Bolstering Cybersecurity in Healthcare: An Imperative in Modern Times" delves into the escalating threats of cyberattacks on healthcare organizations, highlighting the urgent need for stronger security measures. Unravel the challenges presented by legacy systems, lack of regulations, and the pivotal roles of vendors and patients in enhancing cybersecurity. Discover why prioritizing cybersecurity is not just an option but a necessity for safeguarding sensitive patient information and ensuring the integrity of healthcare services.

Starting 2024, businesses are required to adhere to the new BOI reporting requirements, aimed at promoting transparency and combating financial crimes. This article provides comprehensive guidance on the deadlines, reporting entities, reporting content, and penalties for non-compliance. Secure your business by understanding these new mandates and their implications.