401(k) Retirement Plan Contribution Limit Increases for 2018; Most other limits are stagnant

Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2018. But one piece of good news for taxpayers who’re already maxing out their contributions is that the 401(k) limit has gone up by $500. The only other limit that has increased from the 2017 level is for contributions to defined contribution plans, which has gone up by $1,000.

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Why you may want to accelerate your property tax payment into 2017

Accelerating deductible expenses, such as property tax on your home, into the current year typically is a good idea. Why? It will defer tax, which usually is beneficial. Prepaying property tax may be especially beneficial this year, because proposed tax legislation might reduce or eliminate the benefit of the property tax deduction beginning in 2018.
 
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2017 Might be Your Last Chance to Hire Veterans and Claim a Tax Credit

With Veterans Day on November 11, it’s an especially good time to think about the sacrifices veterans have made for us and how we can support them. One way businesses can support veterans is to hire them. The Work Opportunity tax credit (WOTC) can help businesses do just that, but it may not be available for hires made after this year.

As released by the Ways and Means Committee of the U.S. House of Representatives on November 2, the Tax Cuts and Jobs Act would eliminate the WOTC for hires after December 31, 2017. So you may want to consider hiring qualifying veterans before year end.

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Grindle and Heckenlively Presented at the National Provider Enrollment Training in Dallas

Seim Johnson experts, Dennis Grindle and Gretchin Heckenlively, alongside other Medicare enrollment specialists, presented at the National Provider Enrollment training in Dallas on September 24-27, 2017.  Their presentation was geared toward taking the frustration out of Medicare enrollment and credentialing! Whether you work in a physician office, home health agency, hospital, rural health clinic or any other setting, they will help you master the Medicare enrollment process and ensure uninterrupted billing!

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Swanson Presents at the Metro Omaha Nebraska AAPC Meeting

Cynthia Swanson, Healthcare Consulting Senior Manager, will be presenting at the Metro Omaha Nebraska AAPC meeting on July 18, 2017 on the topic of: Non-Physician Practitioner Billing and Documentation Compliance to be held at Bergan Mercy Hospital in Omaha.

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