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It's Never Too Early For Tax Planning

Mon, Aug 5th 2019
Benjamin Franklin once said "to fail to plan is to plan to fail." This adage certainly applies to tax planning. Although the Tax Cuts and Jobs Act of 2017 (TCJA) eliminated many deductions outright, there are exceptions. Certain deductions still exist but are being phased out, whereas others will expire after a set time. This means good tax planning remains an important aspect of good financial health. Following are six steps you can take right now to prepare for your future taxes: 1. Adjust... Read More »

Data Management: Keeping Patient Information Secure

Mon, Jul 29th 2019
We've all heard of HIPAA, the Health Insurance Portability and Accountability Act, which was established in 1996 to help people keep their health insurance, standardize billing processes and protect patient information. HIPAA has expanded to include subsets of rules that define the standards for securing patient medical records. The HIPAA Privacy Rule and the HIPAA Security Rule both place national regulations on the ways that patient information is handled. As a health professional, you must... Read More »

Privacy Laws and Your Business: What to Know

Mon, Jul 15th 2019
Employees expect their employers to safeguard their personal information. Social Security numbers, medical information and other sensitive information must be safeguarded from prying eyes. As an employer, you and your human resources staff must be cautious about who can access such information and how it is treated. What Information Must Be Kept Private? Sensitive information must be kept confidential. This includes an employee's: Social Security number. Other personally identifying information... Read More »

How to Protect Your Identity and Credit

Mon, Jul 8th 2019
*We're making July all about data security. Come back each week for a new article aimed at helping you keep your valuable data secure. As the internet expands, thieves have more opportunities to steal your financial identity. The Federal Trade Commission reports that as many as half a million Americans have their identities stolen annually, costing them money and affecting their credit ratings. Identity thieves make their money by co-opting your name, Social Security number, credit card number... Read More »

Can You Trust the Cloud with Your Taxes?

Tue, Jul 2nd 2019
*We're making July all about data security. Come back each week for a new article aimed at helping you keep your valuable data secure. If you properly back up your digital files, they'll never fade, get lost, feed a fire or float away in a flood. Are you worrying about trusting the cloud with your taxes and other important financial papers? CPAs and other financial professionals know the importance of keeping records, and now the idea is to scan the originals and then shred the paper versions.... Read More »