Accounting Blog

Practice Health Insurance Options: Professional Employer Organizations

Posted on Thu, Apr 11, 2019

Your first question is likely, what is a PEO? Simply, it’s a Professional Employer Organization. That probably doesn’t help your understanding, does it? To define PEOs, we’ve brought in an expert in the industry, Jeff Wanner, to describe the components and advantages further.

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

Practice Health Insurance Options: QSEHRA

Posted on Thu, Mar 28, 2019

Historically, small businesses, including dental Practices, have met the need for employee insurance with a traditional group plan or providing an increase in salary to allow employees to purchase their own insurance. With the work of Congress, there is a new option in the marketplace. This option is the qualified small employer health reimbursement arrangement (QSEHRA).

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

Practice Health Insurance Options: Association Health Plans

Posted on Thu, Mar 14, 2019

A new rule issued by the Department of Labor in 2018 expanded the availability of association health plans (AHPs) for small businesses. AHPs allow small businesses to band together within industries, professions, or geographic regions to either purchase large-group coverage or self-insure.

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

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

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

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

Exciting News: Chad Stafford Has Been Promoted To Principal

Posted on Fri, Jan 27, 2017

LBA Haynes Strand is pleased to announce that effective January 1st, Chad Stafford has been promoted to Principal.  Chad joins our principal leadership team, where he will remain focused on providing tax planning, tax preparation, and tax research for clients of LBA Haynes Strand. 

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Tags: tax preparation, LBA Haynes Strand, tax planning, Chad Stafford, Mt. Airy