If you’re looking for expert Healthcare Accounting in Orange County, California contact Jon Huckaby, CPA, the leader of the Healthcare Accounting team at LSL CPAs at 714-569-1000.
The new ACA (Affordable Care Act) Health Reimbursement Account (HRA) allows Employers to reimburse their employees using a pre-tax HRA to cover individual medical plan premiums and drop group medical benefits. Before you drop your group medical coverage consider the details. Employer Requirements Eligible Employers have fewer than 50 employees Read more…
The tax team at LSL CPAs addresses some of the challenging questions about Health Reimbursement Arrangements (HRA’s) and Employee Payment Plans (EPP’s) under the Affordable Care Act. Are they still allowed? The only way an HRA or EPP is permissible under the new rules is if it is integrated into Read more…
LSL CPAs wants to begin to explain the impact of the Affordable Care Act and the Health Care and Education Reconciliation Act of 2014 on your business. Both acts have a significant impact on Health Reimbursement Arrangements (HRA’s), Employee Payment Plans (EPP’s), and Health Flexible Spending Arrangements. Although this examination Read more…
LSL CPAs examines the impact of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act on business tax filings. The Implications for the 2014 Tax Year Effective January 1, 2015, employer health care coverage reporting requirements and employer penalty assessments began. As a result, Read more…
The tax team at LSL CPAs examines the impact of the Patient Protection and Affordable Care Act of 2010 and the Health Care and Education Reconciliation Act on 2014 individual income tax returns. In 2014, individuals must satisfy the individual shared responsibility provision by enrolling in minimum essential coverage, qualifying Read more…
The Affordable Care Act has imposed some major challenges to medical practioners. Many physicians are considering a merger of their medical practice into a larger medical group or a hospital group. There are a number of issues that need to be considered. Below are 5 issues that should be addressed. Read more…
Physicians are in a unique situation when they own their own practice. Not only are consumed with patient care but in the private practice setting they are also the business owner. Often physicians do not have the time to devote to practice administration. There are three areas that I encourage Read more…
When physicians or medical groups look for investment opportunities, there are various options available. Real estate can be an attractive option for medical professionals. There are a number of advantages to investing in real estate; however here are some of the advantages we discuss with our medical clients. Real Estate Read more…
Over the past several years, medical practices are facing declining reimbursements from insurance providers. Declining reimbursements have resulted in tighter budgets for practices. Physicians are searching for ways to speed up cash flow or reduce operating expenses to compensate for the decline in reimbursements. This ongoing battle has affected many Read more…
Employee fraud is a significant threat to all small businesses and medical practices certainly fall into this category. Medical practices, as with all small businesses, employ few to no anti- fraud controls. As a result the practice and physician is vulnerable to employee theft and fraud. Most frauds occur when Read more…