Sciarabba Walker Blog
The information in these blog posts is provided for general informational purposes only and is not intended to substitute for accounting, tax, or financial advice from a professional accountant. While we use reasonable efforts to furnish accurate and up-to-date information, we do not warrant that any information contained in or made available through this blog is current or error free. No part of this communication is intended to be used for the purpose of avoiding penalties under U.S. federal tax law.
Retirement Plan and IRA Required Minimum Distributions
On July 19, 2024, the IRS released the final regulations relating to required minimum distributions (RMDs) from the SECURE and SECURE 2.0 Acts. This article will discuss some of the changes provided by the final regulations. The SECURE 2.0 Act has significantly...
Identity Protections PINs
What is an IP PIN? Identity Protection PINs (IP PINs) are a six-digit number assigned to an individual to prevent someone else from filing a tax return under that individual’s social security number (SSN) or Individual Taxpayer Identification Number (ITIN). This PIN...
Employee Benefit Plan Administration and Tips
As the year comes to a close, it’s the perfect time to ensure that your organization’s processes are in order, particularly in areas critical to retirement plan compliance and administration. Below, we highlight several key areas that demand attention and share the...
2024 Business Year-End Tax Planning
2024 has been a relatively quiet year for tax legislation. To assist you with making decisions on what works best for you and your business, we have compiled a list of tax strategies based on current tax rules that may help you save tax dollars if you act before the...
2024 Individual Year-End Tax Planning
With the end of 2024 approaching, it's time to start thinking about end-of-year moves to help lower your 2024 tax bill. Sciarabba Walker’s tax experts have analyzed current tax rules to identify some opportunities and challenges facing our clients in the current year....
Cultivating Both Sides of Your Medical Practice
World-class patient care is no doubt the ultimate goal of your practice. But you can’t provide excellent care if your practice isn’t operating well, too. The business side of your practice must be strong and efficient enough to sustain and support the care you offer...
Considerations in Practice Valuation
At some point, you might consider selling your medical practice. There are many considerations, including continuity of patient care — and, if you’re retiring, perhaps emotional issues connected with leaving patients, and practice itself, behind. From a financial...
Tips for Solving Common Medical Practice Issues
Medical practices aren’t immune from recurring problems and challenges. Even when the concerns that arise are familiar and seem to have been solved in the past, they can rear their ugly heads again periodically if you’re not vigilant. Issues of time management, cash...
Can You Use AI in Your Medical Practice?
In November 2022, artificial intelligence (AI) got a lot of attention with the launch of ChatGPT, a “chatbot” developed by OpenAI. Users can converse with the chatbot in a fairly sophisticated way via questions that steer conversations toward answers of any desired...
The Importance of 1099 Filings for Organizations
As the new year begins, many individuals and businesses are preparing to file their taxes. However, a critical aspect that often goes overlooked is the requirement for organizations to file 1099 forms for payment made to their contractors and other vendors. Failure to...