Articles
In your role as a business leader, you've got lots to keep your eye on. Changing business and tax regulations. Planning for the future. Managing your team.
When you have questions, Schenck's library of business and tax-related articles is a resource to help you get the answers you need. Simply enter the keywords you're looking for in the "Search" box below to view articles written by our professionals in your areas of interest.
Need even more information? Email us to let us know how we can help.
February 2, 2012
As part of its “Fresh Start” initiative, the IRS is offering help to businesses that may be wrongly classifying employees as independent contractors. The new Voluntary Classification Settlement Program (VCSP) gives certain taxpayers an opportunity to reclassify their workers at reduced tax rates without the threat of future audits and penalties.
Read more >>>
February 2, 2012
As the board member of a not-for-profit organization, you have many responsibilities, one of which should include reviewing the organization’s Form 990. On the Form 990, the IRS specifically asks the not-for-profit organization if it provides a copy of the Form to its board members before filing the return, and to describe the process, if any, they use to review it. This indicates that the IRS feels it is good governance for boards to be involved in the Form 990 review.
Read more >>>
February 2, 2012
The negative effect of the economic downturn on public companies has been publicized throughout the media. This is nothing new since we have been through stock market crashes, credit crises, and recessions throughout history. But what happens to the value of closely held businesses (non-public companies) during these volatile economic times?
Read more >>>
January 16, 2012
Recently the Wisconsin Department of Revenue, in its eagerness to recover lost funding from the federal government, has initiated more aggressive sales tax audits to determine if businesses are properly paying sales and use tax to the state. Is your practice in compliance in this area? Here are some items to watch for.
Read more >>>
January 16, 2012
Is your team underestimating patient expectations? Patients not only have high expectations for quality health care—equally important to them is exceptional customer service. Read on for some steps you and your staff can take to enhance the patient experience within your practice.
Read more >>>
January 5, 2012
Systems and processes go hand-in-hand. They complement each other. And when you consider them together, you can innovate entirely new ways of getting work done.
Read more >>>
January 5, 2012
It’s no secret that sales and use tax is a confusing and complex area of tax law. Many exceptions and exemptions can apply when it comes to calculating sales and use tax. However, there are five common errors we see businesses making across the board.
Read more >>>
December 22, 2011
Do you get bombarded with the comment “My W-2 does not match my last paystub!” right after you have sent out the W-2s? If so, consider sending out a memo with the Form describing how to reconcile the employee’s last paystub to Form W-2. Below is a sample reconciliation. Feel free to customize it to match your company pay types and benefits.
Read more >>>
December 15, 2011
Practice transition is a significant step in the life of a dentist. You have accomplished many things in your life, including establishing a successful practice. Your professional life and achievements are bound up in your practice. And now, something begins
Read more >>>
December 15, 2011
Multiple laws and regulations govern how and under what circumstances dental records can be shared. To help you gain a better understanding of the sometimes confusing guidelines surrounding dental record access, retention and disposal, following are responses to a number of frequently asked questions on this topic.
Read more >>>