Small businesses: Get ready for your 1099-MISC reporting requirements
Early next year, your business may be required to comply with Form 1099 rules. You may have to send forms to independent contractors, vendors and others whom you pay nonemployee compensation, as well as file them with the IRS. There are penalties for noncompliance. Employers must provide a Form 1099-MISC for nonemployee compensation by Jan. 31, 2020, to each noncorporate service provider who was paid at least $600 for services during 2019. (1099-MISCs generally don’t have to be provided to corporate service providers.) A copy of each Form 1099-MISC with payments listed in box 7 must also be filed with the IRS by Jan. 31. If you have questions about your reporting requirements, contact us.
Reducing wasteful spending in healthcare by curbing administrative complexity
Wasteful spending is an increasingly thorny problem in healthcare, especially with the industry comprising an ever-larger portion of GDP.
The TeleDentists Offers Dental Second Opinions
The TeleDentists delivers vital dental services virtually wherever, whenever a dentist is needed. A proprietary, national network of Licensed dentists use secure online video consults to connect with patients’ smart phones, laptops or tablets. They diagnose problems, start remediation and, when needed, arrange next business day appointments with a conveniently located dentist. The service is available to hospitals, urgent care facilities, retail clinics, self-insured corporations, senior-living centers, universities and telemedicine service providers. Visit https://www.theteledentists.com
Insurance, subscriptions, and apps: The changing landscape of patient payment options
As dental practices struggle to keep afloat with insurance payments alone, new options such as membership plans and Chewsi are becoming more common. Ann-Marie DePalma provides this guide for dental hygienists on today’s payment options.
Real Estate Investors to Benefit from the Federal Reserve’s Third Interest-Rate Cut
The central bank lowered the benchmark interest rate a quarter of a percentage point to a range of 1.5% to 1.75%.
Preparing for the Nation’s Senior Wave
Developers seek solutions for aging adults who will have a huge variety needs for housing and services—and a wide range of income levels.
IRS Announces 401(k) Contribution Limit Increases for 2020
The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59 (PDF), posted today on IRS.gov. This guidance provides cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020. Highlights […]
Is multicloud computing right for your business?
Cloud computing is now commonplace, but new derivatives continue to emerge. Under the “multicloud” approach, companies distribute data and computing needs among several providers. Doing so can maximize scalability (increasing or decreasing functionality as needed), improve performance and open a wider menu of options. But there are risks. Some businesses unintentionally engage in multicloud computing when different departments start using public clouds on their own, threatening security. Managing multiple clouds can also be complex and leveraging each provider’s features can be difficult. Finally, you must consider the total cost of ownership. Contact us for help.