So, now that we are well into the first quarter, how can taxpayers take advantage of some of these opportunities? The following is a short list of ideas to consider, depending on individual circumstances.
Subscribe to Expert's Corner RSS feed
It’s been in the air for much of the past year, and as many of the some-feared and some-promised changes have happened around us, those health care business owners who rely on insurance reimbursement wait with bated breath for a sign of what’s to come. The Trump Administration has promised, via stump speech and now executive order, the rapid repeal and replacement of the Affordable Care Act (Obamacare), but what is simple to say is often far more difficult to accomplish.
For this first time in the history of Nevada, possession of small amounts of marijuana is now legal. But, before rushing out to make your historic purchase, understand that the only people who can legally obtain marijuana in Nevada are those with a current medical marijuana card.
When President Donald Trump signed executive orders this past week moving the United States away from the North American Free Trade Agreement (NAFTA) and the Trans Pacific Partnership (TPP), many people in Southern Nevada were left wondering how this would affect our local economy. Later in the week, the President of Mexico, Enrique Peña Nieto, cancelled a planned meeting with President Trump as disagreements mounted.
The Nevada Division of Insurance deliberated on the issue of chiropractic billing Jan. 18 at a public meeting.
While there is little that can be done to decrease the black-market value of medical records, much can be done about the vulnerability of health care businesses and institutions. Just like a jewelry store is likely to have better security than a t-shirt shop, so should health care data be protected with greater intensity than bulk e-mail or credit card information. Many are turning to cloud-based solutions because of the increased protection and redundancy it offers.
On Dec. 7, Congress overwhelmingly approved the 21st Century Cures Act, through a bipartisan effort, which has already secured the support of President Barack Obama. He is expected to sign it by the end of this year. According to the White House, the act promises to “allow for money to be pumped into biomedical research and speed the approval of new drugs and medical devices … (and) includes provisions to improve mental health care and combat opioid abuse.” This new law is not expected to be included in the anticipated Obamacare repeal.
Nevada Gov. Brian Sandoval has termed it “the new Nevada,” and in the last decade, many things have happened for the Silver State, creating an enviable economic trajectory by any standard.
With the election of Donald Trump as our next president, American companies are destined to face a major shakeup in their corporate governance. Mr. Trump’s campaign promise of reducing the U.S. taxes that corporations are required to pay to 15 percent from 35 percent and granting a tax break to repatriate the trillions of dollars of profit earned from overseas sales and housed in kinder jurisdictions to avoid U.S. taxes, seem to be preordained. This is an opportunity for U.S. corporations to modify their corporate governance to meet changing demands for their success and for the good of the country in which they are incorporated and do business.
I went onto Zillow last week and got great news. My home is listed at a value that is about the same as it was in 2007. Yes, I know that Zillow is not the most authoritative source for such information, but let me savor the moment for now.
A seismic shift is underway in today’s workplace. Two massive generations — the baby boomers and the millennials — with very different needs and expectations are testing the abilities of even the most adroit human resources department. HR managers and chief financial officers must decide how companies are going to source talent as managing the four-generation workforce presents new challenges.
A few days ago, one of the most virulent, emotional and taxing election cycles in American history came to a surprising and unexpected close with the election of our 45th president: Donald J. Trump. A great deal has been written regarding the effect of this election, historically, socially, politically and more — so we will offer no such commentary here. Rather, it is time to address how the election of President Trump will affect the business of medicine — specifically the effect on health care practitioners in Southern Nevada.
Whether your business is a restaurant, office or retail establishment, you have a responsibility to keep your customers safe while they are on your property. Premise liability, which concerns injuries due to unsafe or defective conditions on someone’s property, are largely preventable with the right planning.
It’s pretty clear from the last several quarters that Southern Nevada real estate is on a steady comeback that has washed away much of the after-effects from when the sector’s balloon burst in 2008.
What keeps us from getting to where we want to be or what we want to do? Sure, it may be a lack of the right skills, bad luck, having other goals or just being plain lazy. More likely, however, the answer is elsewhere and much closer to home. We can call them “everyday” attitudes that are so much apart of us we don’t know the damage they’re doing.
This is the best time of year to establish a relationship with a certified public accountant. Why? Because you still have time to do some effective year-end tax planning and to provide some basic financial information to the CPA so that your tax season meeting will be meaningful and efficient.