Accounting Blog

Practice Health Insurance Options: Traditional Group

Posted on Thu, Mar 07, 2019

The traditional choice for most businesses is a group health insurance policy. This business chosen plan provides coverage to employees, and potentially, employees’ dependents. Depending on your Practice size, this traditional option may still be a good fit for you. However, for the majority of single doctor locations, this proves to be prohibitively expensive and is not the right solution. Practices that offer group health insurance pay a fixed premium for the policy, and then, pass on a portion of the premium cost to employees. For example, the employer may pay 50% of the premium and the employee is then responsible for paying 50%.

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Tags: accounting firm, tax planning, outsourced accounting services, Charlotte dentists

3 Ways Startups Benefit from Outsourced Accounting

Posted on Tue, Mar 05, 2019

According to the Small Business Administration (SBA) Office of Advocacy, about 80% of small businesses survive the first year. This seems like a high percentage considering the common belief is that most businesses fail within the first year. About half of those small businesses then reach the five year mark and only one in three makes it to 10 years. When starting a business, it is important to take advantage of every opportunity to help you become successful. Outsourcing your accounting is one way to get the financial portion of your business headed in the right direction from day one.

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Tags: accounting firm, tax planning, outsourced accounting services, start a business, accounting for business

Practice Health Insurance Options: Introduction

Posted on Thu, Feb 28, 2019

You don’t have to look far to know that health insurance costs are on the rise. It’s becoming a hot topic for Practice owners and their employees. If you haven’t already been asked by your staff to add health insurance, or why the cost keeps going up, you likely will soon! As a Practice owner, you are faced with trying to juggle employee satisfaction and retention in addition to managing profit margins and cash flow. If you are considering adding health insurance, changing plans, or looking for ways to manage the cost, you can count yourself in a growing group of concerned Practice owners. Health insurance is a valued benefit for your staff and you need to make sure you can offer it at a sustainable cost to your overall margins.

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Tags: accounting firm, tax planning, outsourced accounting services, Charlotte dentists

The Advantages of a Cloud-Based Accounting Firm

Posted on Wed, Feb 27, 2019

In this recent article by Journal of Accountancy, CEO John Bly explains how LBA Haynes Strand successfully transitioned to cloud-based technology. In today's world it is necessary to be able to work remotely and have the same access as you would if you were in the office. Are you considering making the switch to the cloud? John shares three advantages our firm noticed after the transition.

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Tags: accounting for small businesses, cloud computing, cloud accounting, accounting for business

Why Should You Hire a Dental Specific CPA?

Posted on Tue, Feb 26, 2019

We live in a world of specialization. Whether you are a new dentist entering the market, an established dentist, or considering transitioning out of your Practice, having a dental specific CPA in your corner is the key to success. While a general accountant may be easy to find and work with, having a CPA with deep industry expertise on your side is vital to the success of your Practice. Our dental team is uniquely qualified and ready to support your Practice regardless of what stage you are in. 

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Tags: accounting firm, tax planning, outsourced accounting services, Charlotte dentists

LBAHS Partners with Ceterus for Dental Practice Accounting

Posted on Thu, Feb 21, 2019

We are proud to announce our partnership with accounting technology company, Ceterus. Through this strategic partnership, our firm will be better positioned to provide client accounting services, particularly for our growing client base in the dental industry.

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Tags: outsourced accounting, women dentists, Charlotte dentists

Julie Ayers 2019 Enterprising Women of the Year Award Honoree

Posted on Fri, Jan 25, 2019

Enterprising Women magazine has announced the honorees of the 2019 Enterprising Women of the Year Awards. We are excited to announce that Julie Ayers, Principal Member of LBA Haynes Strand, has been named a winner! The Enterprising Women of the Year Awards is an annual tribute to the world's top women entrepreneurs and is widely considered one of the most prestigious recognition programs for women business owners.

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Tags: LBA Haynes Strand, Julie Ayers, Women Entrepreneurs, Charlotte, Award

Tax Deductible Expenses for Dental Associates

Posted on Wed, Jan 09, 2019

Are you a 1099 dental associate at one or more Practices and not sure what you can deduct? We have compiled a list of common business expenses you should keep record of in order to offset your contract income. This is not an all encompassing list and we encourage you to ask us about additional expenses if you are unsure.

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Tags: Charlotte dentists, tax deductions, 1099

Winston-Salem Expansion

Posted on Tue, Jan 08, 2019

LBA Haynes Strand, PLLC is excited to announce that we are expanding our firm's presence into the Winston-Salem market.

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Tags: tax services, tax preparation, LBA Haynes Strand, tax planning, accountant, Winston-Salem

Courtney Ageon: Promoted To Principal

Posted on Thu, Jan 03, 2019

LBA Haynes Strand is pleased to announce that effective January 1st, 2019, Courtney Ageon has been promoted to Principal. As Courtney joins our principal leadership team, she will remain focused on serving the tax, accounting, and audit needs of our clients in the Triad as well as across the state.   

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Tags: tax preparation, LBA Haynes Strand, tax planning, Greensboro, Courtney Ageon