When filing taxes, understanding which expenses are eligible for deduction is crucial. While country club memberships are generally not deductible, certain elements within a membership might qualify. General Deductibility Rules: Specific Deductible Expenses & Considerations: If you purchased a membership to entertain clients, then it can be deducted as a business expense. You can also […] The post Can a Country Club be Deducted as a Business Expense? appeared first on Huddleston Tax CPAs | Accounting Firm In Seattle ..read more

Medical equipment leases can be a valuable tool for healthcare practices, offering financial flexibility and access to the latest technology. However, understanding the complexities of lease agreements and their accounting implications is essential to make informed decisions. In this post, we’ll delve into the key factors to consider when leasing medical equipment, including business structure, […] The post Accounting for Medical Equipment Leases: A Comprehensive Guide appeared first on Huddleston Tax CPAs | Accounting Firm In Seattle ..read more

Taxation, the practice of levying charges on individuals or businesses to generate revenue for government services, has been a fundamental aspect of human civilization for millennia. Its origins can be traced back to ancient societies, where tribute was paid to rulers and gods. Early Forms of Taxation One of the earliest recorded forms of taxation […] The post A Brief History of Taxation: From Scutage to the Modern Era appeared first on Huddleston Tax CPAs | Accounting Firm In Seattle ..read more

In the dynamic landscape of healthcare, revenue management plays a crucial role in ensuring the financial sustainability of providers. A well-crafted revenue model can significantly impact a healthcare organization’s profitability and ability to deliver high-quality care. This blog post will explore three prominent revenue management models in healthcare: Fee-for-Service, Capitation, and Bundled Payments. We’ll delve […] The post Comparing Revenue Management Models in Healthcare appeared first on Huddleston Tax CPAs | Accounting Firm In Seattle ..read more

As a medical practice owner, you’re often juggling a multitude of responsibilities. Patient care, operational efficiency, to speak nothing of the growing the practice itself. Every decision counts, and of course, one of the biggest ones you can make is whether or not to accept Medicare and Medicaid. The Myth of Necessity Contrary to popular […] The post Medicare and Medicaid: Balancing Books for Medical Practices appeared first on Huddleston Tax CPAs | Accounting Firm In Seattle ..read more

Filing taxes as a private practice owner can be complex, especially with the unique financial aspects of running a healthcare business. Understanding the key tax considerations and following best practices can help you ensure accuracy and minimize your tax liability. Understanding Your Tax Status Key Tax Considerations for Private Practices As a sole proprietor or […] The post Filing Taxes for Your Private Practice appeared first on Huddleston Tax CPAs | Accounting Firm In Seattle ..read more

Understanding the tax implications of owning and operating a senior living facility can significantly impact your bottom line. Here are 15 essential tips to help you navigate the complex world of healthcare accounting: 1. Depreciation and Amortization Depreciation is a tax deduction that allows you to recover the cost of tangible assets over their useful […] The post Top 7 Things Senior Living Owners Need to Know About Taxes appeared first on Huddleston Tax CPAs | Accounting Firm In Seattle ..read more

The debate surrounding undocumented immigrants and their tax contributions is a multifaceted one, often clouded by misconceptions and political rhetoric. Understanding the complexities of this issue requires a careful examination of the various ways in which undocumented individuals interact with the tax system. Direct Tax Contributions While undocumented immigrants do not have Social Security numbers, […] The post The Tax Contributions of Undocumented Immigrants: A Complex Issue appeared first on Huddleston Tax CPAs | Accounting Firm In Seattle ..read more

Payroll tax withholding can be a daunting task for small business owners. But understanding the basics is essential for staying compliant with tax laws and avoiding penalties. Let’s break down this complex topic into simple terms. What is Payroll Tax Withholding? Payroll tax withholding is the process of deducting a portion of an employee’s gross […] The post Payroll Tax Withholding Simplified appeared first on Huddleston Tax CPAs | Accounting Firm In Seattle ..read more

The Small Business Technology Transfer (STTR) program is a government initiative designed to foster innovation by funding research partnerships between small businesses and non-profit research institutions. This unique collaboration model has been instrumental in driving technological advancements across various industries. In this blog, we’ll delve into the STTR program, exploring how to secure funding, the […] The post STTR: A Catalyst for Innovation appeared first on Huddleston Tax CPAs | Accounting Firm In Seattle ..read more