The Cyber Security Crisis in Healthcare

Although the global ransomware attack known as WannaCry? is all but old news, it hit the healthcare industry particularly hard and left many wondering how secure their organizations really are against similar attacks. Cyber security is one of the hottest topics in healthcare today and is creating a global crisis costing billions of dollars.

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The Cyber Security Crisis in Healthcare
FASB Defers Effective Dates for New Standards

FASB Defers Effective Dates for New Standards

The FASB deferred certain effective dates for its new standards on credit losses, hedging, and leases, and all of the effective dates for its new standard on long-duration insurance contracts. Credit Losses Standard The credit losses standard is now effective for all entities except SEC filers that are not smaller reporting companies for fiscal years […]

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Trim Your Tax Bill: Three Last-Minute Tips

Trim Your Tax Bill: Three Last-Minute Tips

Good news — there is still time to reduce your 2019 tax liability. Here are three strategies that may help you cut your taxes before year-end: 1. Accelerate deductions/defer income. Certain tax deductions are claimed for the year of payment, such as the mortgage interest deduction. So, if you make your January 2020 payment this […]

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Updated rules for mileage-related deductions

Updated Rule for Mileage-Related Deductions

The IRS has issued new guidance updating the rules for using optional standard mileage rates when calculating “above-the-line” deductions for the costs of operating an automobile for certain purposes. IRS Revenue Procedure 2019-46 also lays out rules for establishing the amount of an employee’s transportation expenses that are reimbursed using the optional standard mileage rates. […]

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