Grading the performance of your company’s retirement plan
- ByPolk & Associates
- Jun, 27, 2019
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Imagine giving your retirement plan a report card. Is it a straight-A student or could it use some help after school? Many plan sponsors track common metrics such as benchmarked fees, participation rates and average deferral rates. But don’t stop there. A sometimes-overlooked measure is average account balance size. Knowing your plan’s asset growth rate is also helpful. Ultimately, though, good plan performance isn’t measured by any one element but by aggregating multiple data points to derive an “on track to retire” score. We can help you accomplish this.
If your kids are off to day camp, you may be eligible for a tax break
- ByPolk & Associates
- Jun, 27, 2019
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Now that most schools are out for the summer, you might be sending your children to day camp. The good news: You might be eligible for a tax break for the cost. Day camp is a qualified expense under the child and dependent care credit, which is worth 20% to 35% of qualifying expenses, up to a maximum of $3,000 for one qualifying child and $6,000 for two or more. Note: Sleep-away camp doesn’t qualify. Eligible costs for care must be employment-related. In other words, they must enable you to work or look for work if you’re unemployed. Additional rules apply. Contact us if you have questions about your eligibility for this credit and other tax breaks for parents.
Which entity is most suitable for your new or existing business?
- ByPolk & Associates
- Jun, 27, 2019
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It may seem that the current, flat 21% corporate income tax rate makes C corporation status for your business the best choice. After all, 21% is much lower than the 37% top rate that applies to sole proprietors and pass-through entities (such as partnerships, S corps and LLCs). But C corps can still be subject to double taxation. And pass-through entity owners may be currently eligible for a 20% qualified business income deduction. The best entity type for your business depends on its unique situation and your situation as an owner. Taxes are only one consideration. You may also want the protection from business debts that certain entities provide. Contact us to learn more.
4 Multifamily Development Trends to Watch in 2019
- ByPolk & Associates
- Jun, 20, 2019
- Real Estate
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Mixed-use development, lifestyle amenities, and the desire for more affordable housing will shape next year’s development landscape.
3 Game-Changing Trends Thanks to TCJA
- ByPolk & Associates
- Jun, 20, 2019
- Real Estate
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The Tax Cut and Jobs Act of 2017 favors apartment rentals over single-family home sales in a number of ways, but developers and managers should not take this advantage for granted, says designer Mary Cook.
Converting Online Reviews Into Onsite Action
- ByPolk & Associates
- Jun, 20, 2019
- Real Estate
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Credible word-of-mouth advertising is a top source for revenue generation. The reputation manager at Fogelman Properties describes how his company is making the most of digital review data.
Attracting New Patients to Your Dental Practice
- ByPolk & Associates
- Jun, 20, 2019
- Health Care
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In today’s crowded marketplace, one of the keys to success is being able to differentiate yourself from the competition, not only to solidify a good first impression, but also to continue to impress your patients with each succeeding encounter. Attracting and retaining patients is about creating value for them — as a medical professional, a business owner and a friend.
3 Golden Rules to Medical Office Management
- ByPolk & Associates
- Jun, 20, 2019
- Health Care
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If you are providing feedback on a regular basis, employees are aware that their work is being monitored and they will be held accountable for their productivity. The staff will more likely be motivated to excellence when they don’t have the stress of a manager directing their every move. Trusting employees to do what they were hired to do will allow the manager time to focus on other areas.
How to choose the best patient financing solution for providers and patients
- ByPolk & Associates
- Jun, 20, 2019
- Health Care
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When a hospital is fiscally healthy, more patients can be physically healthy. With decreased collections and the rise of bad debt associated with patient receivables, healthcare providers are evaluating patient financing solutions. Below are some key differences to understand as you consider potential solutions.
2019 Q3 tax calendar: Key deadlines for businesses and other employers
- ByPolk & Associates
- Jun, 20, 2019
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Here are some key tax-related deadlines for businesses and other employers during Quarter 3 of 2019. JULY 31: Report income tax withholding and FICA taxes for Q2 2019 (unless eligible for an Aug. 12 deadline). File a 2018 calendar-year retirement plan report or request an extension. SEPT. 16: If a calendar-year partnership or S corp. that filed an extension, file a 2018 income tax return. If a calendar-year C corp., pay the third installment of 2019 estimated income taxes. Contact us for more about the filing requirements and to ensure you meet all applicable deadlines.