CLEVELAND – Skoda Minotti, a CPA, business and
financial advisory firm, is pleased to announce the acquisition of
information technology firm Computer Troubleshooters Independence.
The acquisition increases the size and capabilities of Skoda
Minotti’s rapidly growing Information Technology Services
Group.
Computer Troubleshooters’ staff complements Skoda Minotti’s
existing service offerings with a wide range of information
technology capabilities and expertise, including:
- Managed Services
- VoIP:...
Read More >>
Looking for more information on the tax implications of healthcare
reform including the new 1099 requirements for businesses? Click
here to read about
healthcare reform tax implications from the June issue of the
CPA Voice authored by our own Jim Sacher.
Click here for more information on the
tax
planning and preparation services provided by Skoda Minotti, a
CPA, business and financial advisory firm with offices in Cleveland
and Akron.
Advisor Insights
With the passage of the the Patient Protection and Affordable Care
Act both businesses and individuals will be feeling major effects
of this bill in the coming years. To help you better understand how
this bill impacts you and your business, we have put together
several resources that you should find useful.
Health Care Reform Webinar
On May 5th, our own Jim Sacher participated in a Smart
Business Live webinar presentation on health care reform. You can
view
the outline from his...
Read More >>
In Notice 2010-45, the Department of Treasury released the long
awaited administrative procedures under Section 48D for the
Qualifying Therapeutic Discovery Project tax credit. Although
consistent with the Internal Revenue Code Section 48D, there are a
number of interesting points to note:
- The application for credit or grant must be made on Form 8942,
which must be released by the IRS by June 21, 2010. That
means that taxpayers that have been preparing to file the
application early must now...
Read More >>
With the passage of Health Care Reform, the big question is,
"How will it affect my business?" SmartBusiness
Cleveland recently hosted a webinar series which
looked at this topic from five angles: tax implications, legal
issues, economy, benefits, and health care.
Click here to download my segment which looked at how the
accounting and tax implications of the health care reform will
affect your business, and how you should react and adapt to absorb
the changes.
For more information on how health...
Read More >>
Welcome to the first edition of the Skoda Minotti IT
E-Newsletter. At Skoda Minotti, we strive to be a resource for our
clients and contacts. With that in mind, this
monthly newsletter is our attempt to keep you up-to-date on
what is going on in the the tech-world around us.
Each month, we will highlight a few important articles that we
think you should read. Also, we'll give you a case study, or a
client success story, from some of the work we've done.
If you have any questions or suggestions,...
Read More >>
Skoda Minotti employee aids in development
of IT audit and assurance program
As an expert reviewer within the Information Systems Audit and Control
Association, Skoda Minotti employee Robert Brenis has had a
hand in the development of a new resource for the information
technology world – the
IT Continuity Planning Audit/Assurance Program.
ISACA has just released this document to act as a valuable resource
for IT audit and assurance professionals.
To read more about the document, click
here.
We
would like to make you aware of a new tax credit that could
significantly benefit your business.
As you
know, on March 23rd, President Obama signed into law the Patient
Protection and Affordable Care Act. As part of this Act, new
Internal Revenue Code Section 48D was created. Section 48D provides
an incentive that may offer you a significant benefit.
Overview of Benefit
- The Act establishes a new
investment tax credit for certain expenditures related to
“Qualifying Therapeutic Discovery...
Read More >>
Details
The Patient Protection and Affordable Care Act, signed into law on
March 23, 2010, Pub. L. No. 111-148 (the “Act”), provides
additional requirements for hospitals to qualify as charitable
organizations under section 501(c)(3). In order to qualify as a
section 501(c)(3) hospital, a facility must meet the following
requirements of new section 501(r):
- The community health needs assessment requirement;
- The financial assistance policy requirements;
- The charges requirement; and
- The billing and...
Read More >>
Overview:
Great news was recently received by university medical institutions
with pending claims for a refund of FICA taxes remitted on amounts
of compensation paid to medical residents. The Internal Revenue
Service made an administrative determination to concede that
amounts paid to medical residents for taxable periods ending
before April 1, 2005, are exempt from FICA taxes under the student
exception.
Unfortunately, the refund opportunity does not apply to any
payments made after the...
Read More >>
You may remember our
June 9 post discussing Ohio Recovery Audit Contractors
(RAC). Now, all four RACs have now posted approved
CMS issues for automated reviews on their
websites.
The only states that do nothave approved issues for automated reviews are Illinois, Kentucky,
Ohio, and Wisconsin which are included in Region B. The
Recovery Audit Contractor for Region B is CGI. CGI just posted
its first three issues to its website on August 26, 2009 for the
target states of Indiana, Michigan and...
Read More >>
Powered by Compendium