Navigating the Complexities of Medicare Hospice Caps

Hospice plays a crucial role in providing compassionate end-of-life care. Offering these vital societal services is both a privilege and a daunting task for healthcare providers. Not only is there an emotional toll for helping terminally ill patients experience their final days with dignity and comfort, but providers of these essential services can experience challenges […]

Navigating the Florida AHCA: A Guide for Healthcare Providers

Entering the Florida healthcare marketplace as a care service provider is no easy task.  With a competitive field and many specific financial and regulatory rules at play, navigating the complex application process required for licensing involves a series of specific steps, accurate financial projections, and accompanying documentation. Obtaining trustworthy, specialized accounting services is a must […]

Maximizing Efficiency: The Advantages of Outsourced Accounting for Small Business

maximizing efficiency

Considering outsourced accounting for small businesses? You’re not alone. Many are turning to this solution to streamline financial management, reduce costs, and gain expert insights—without the overhead of a full-time accounting staff. This article dissects the practical implications of embracing outsourced accounting, the roles such firms play, and how to make the transition smooth and […]

Ultimate Outsourced Accounting Guide: How to Choose The Right Firm?

Portrait of young Asian successful financier working on paperwork with calculator inside office, businesswoman smiling and looking at camera, filling forms and verifying financial reports.

Outsourcing your accounting can be a game-changer for your business, letting you focus on what you do best while leaving the financial management to seasoned professionals. With so many options out there, finding the right outsourced accounting solution can feel overwhelming. But don’t worry – we’re here to help! By outsourcing your accounting functions, you’re […]

10 Key Benefits and 5 Potential Drawbacks of Outsourced Accounting

Young male accountant working at his desk in a modern office.

Outsourcing has become a key strategy for many modern businesses, especially when it comes to accounting. Why? Because outsourcing accounting and bookkeeping services offers numerous benefits. For starters, when you outsource your accounting tasks, whether it’s simple bookkeeping or in-depth financial analysis, you’re handing them over to an expert outside your company with a vast […]

Senate passes amended $1.9 trillion COVID-19 stimulus bill

Tax Planning experts working in Sarasota.

A $1.9 trillion U.S. coronavirus relief package took a step forward Saturday when the Senate voted 50–49 to approve a bill that will be sent back to the House of Representatives because the Senate changed the legislation originally approved by the House. Known as the American Rescue Plan Act, H.R. 1319, the bill will be […]

Case Study: The Pitfalls of Clinging to In-House Accounting

Payroll accountants

A recent US survey showed that 31% of small businesses still keep track of their books on Excel spreadsheets. However, this reporting method was almost four times more prone to human error and potential tax problems down the road. The number one reason given for sticking to these methods was the cost of hiring an […]

Myth: Filing for Tax Extensions Increases Audit Chances

Does the IRS become suspicious when you ask for more time to file your taxes? Absolutely not. Businesses have hundreds of legitimate reasons why they can’t meet the April 15th deadline. Filing for an extension shows that employers are committed to filing their taxes accurately, which actually decreases the chances of an audit. The truth […]

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