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Do you know the ABCs of HSAs, FSAs and HRAs

WEBThere continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care costs. So it’s critical to leverage

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URL: https://www.wegnercpas.com/do-you-know-the-abcs-of-hsas-fsas-and-hras/

What’s New for the Medical Expense Deductions in 2018 and 2019

WEBThere are thresholds for deducting medical expenses that were already difficult for many taxpayers to meet, and it may be even harder to meet in 2019.

Category: Medical Go Health

Tax Planning for Medical Expense Deductions

WEBYou may be able to deduct some of your medical expenses, including prescription drugs and dental expenses, on your federal tax return. However, less …

Category: Medical Go Health

Are my Medicare Premiums Deductible

WEBMany people over the age of 65 (whether retired or not) have some amount of consulting or self-employment income. If you have self-employment income, the …

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21st Century Cures Act Reinstates HRA Benefit for Small Business

WEBPresident Obama signed into law the 21st Century Cures Act (the Act) on December 13th which allows small employers to provide Health Reimbursement

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QSEHRA – Health Care Reimbursements for Employees …

WEBAgreed-Upon Procedures; Non-Profit Advisory Services; Compliance Audit; Employee Benefit Plan Audit; Financial Audit; Remote Audit; Form 990 Preparation; …

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S Corporation Reminder: Before you Finalize Your Year …

WEBHealth and accident insurance premiums paid on behalf of a 2% S corporation shareholder-employee should be reported as wages on the shareholder …

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Measuring the financial health of your manufacturing business

WEBRunning a profitable manufacturing or distribution business is not for the faint of heart. As the person in charge, you’re expected to control costs, manage …

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Pharmacy Accounting and Tax Services Wegner CPAs

WEBWe welcome the opportunity to discuss your goals and put our expertise to work for you: Budgeting and cash flow management. Purchasing and buying agreements. Claims …

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Key Financial Indicators for Non-Profit Organizations

WEBThe current ratio is an easy financial analysis tool. To calculate, we need to know the current assets and the current liabilities at a given date. Current is a period of …

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Adam Kuczynski, CPA

WEBWashington DC. P: (703) 519-0990. Adam Kuczynski is a Senior Manager in Wegner CPAs’ assurance department, and has worked on the audits of a number of …

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Statement of Functional Expenses

WEBThe statement of functional expenses (SOFE) is a financial report used by not-for-profit organizations to present the functional classification of expenses in addition to …

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Audit & Assurance Financial and Compliance Wegner CPAs

WEBAt Wegner CPAs, a broad range of clients benefit from our audit and assurance services including businesses looking to obtain or maintain financing agreements, non-profit …

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Improving your Rating on Charity Navigator

WEBFinancial Health. Charity Navigator looks at 7 different metrics and assigns a maximum of 10 points in each area. Total scores of 60 or more points are granted a 4 …

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Key Financial Ratios for Non-Profits

WEBTo convert the reserve into months, the organization would perform this multiple step calculation: Step 1: Determine cash related expenses by taking total …

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2021 Income Tax Update & Employee Retention Credits

WEBOther Tax Info for 2021. 2021 business standard mileage rate = 56 cents per mile (was 57.5 cents per mile in 2020) 2021 and 2022 IRA contribution limit = $6,000 (plus $1,000 catch …

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Jason Stephens, CPA

WEBP: (608) 442-1952. Jason Stephens, Partner, joined Wegner CPAs in 1999 and is part of the firm’s Assurance Department. With more than twenty years of experience, Jason works …

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