Frazier Deeter CPAs and Advisors

Atlanta

1230 Peachtree Street NE

Suite 1500

Atlanta, GA 30309

main 404.253.7500

Alpharetta

3480 Preston Ridge Road

Suite 375

Alpharetta, GA 30005

main 404.573.4200

Nashville

401 Commerce Street

Suite 920

Nashville, TN 37219

main 615.259.7600

Tampa

2801 W. Busch Boulevard

Tampa, FL 33618

813.874.1280

info@frazierdeeter.com

Perspectives: Revenue Recognition and Healthcare Organizations

3.15.2017 Healthcare organizations face possibly the most daunting set of compliance issues of any industry. On top of the ongoing uncertainty regarding the ACA and the need to protect private patient information, healthcare organizations also have changes to accounting standards to absorb. Read more
 

First Executive Orders Target Obamacare, Slow IRS Rulemaking

2.20.2017 On January 20th after President Trump was inaugurated he signed Executive Order Number One, which directs federal agencies to start moving to shut down the Affordable Care Act (ACA). Read more
 


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Tax Tips for Physician Practices

2.16.2017 For physicians who own their own practice, tax season can be daunting. To help you through the complicated process of filing taxes, reduce the risk of an audit and keep your mind focused on your patients, consider the following suggestions: Read more
 


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Small Employer May Now Offer HRAs

1.23.2017 While many Americans were focused on the Presidential election and transition, Congress and President Obama in mid-December quietly agreed on significant legislation to boost funding for medical research, make approval of experimental treatments easier and reform mental health policy. What is the tax angle? Read more
 

DOL Overtime Regulations on Hold

11.28.2016 The December 1st deadline for U.S. Department of Labor’s increased exempt-status salary thresholds is on hold, at least temporarily. Read more
 


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Tax Outlook in New Trump Administration

11.18.2016 Comprehensive tax reform is high on the agenda for the new Trump Administration. It is listed on President-elect Trump's 100-day plan, and House Speaker Paul Ryan (R-Wisc.) promised just weeks ago that he would force major tax cuts through Congress quickly if the Republicans gained both Houses of Congress and the Presidency. Both Trump and Ryan also have pledged to repeal the Affordable Care Act, which contains many tax-related provisions.

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Making the Jump to CEO

11.14.2016 Earlier this month Frazier & Deeter CPA and the law firm of Morris, Manning and Martin offered a panel event featuring three highly accomplished women CEOs from diverse backgrounds. Panelists Dr. Amy Baxter, Founder and CEO of MMJ LabsMary Hester, CEO of LAN Systems and Shannon Russo, Founder and CEO of Kinetix generously shared their insights and “lessons learned” with over 100 senior executives. Read more
 


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Private tax debt collection: Let’s hope it's better than last time

10.31.2016 “Taxpayer Rights Protected” screams the headline of the IRS’s recent announcement that it is going to begin private debt collection in Spring 2017. If this latest attempt at privatizing tax collections is anything like the last time, taxpayers should be deeply concerned. A damning assessment of the 2005 IRS private debt collection program was delivered by the National Taxpayer Advocate (NTA) in its Objectives Report to Congress for FY 2017. Read more
 

Cybersecurity: What do experts see as the biggest risks?

10.27.2016 Recently we convened a panel of experts to talk about the trends and risks they are seeing in cybersecurity, in terms of both the types of attacks that are taking place and what organizations are doing to protect their data and their reputations. Read more
 

Educating Your Purchasers

10.17.2016 Recently, I attended a presentation by Wayne Stanley and Michelle Korsmo, both with the American Land Title Association.  Their presentation summarized the findings of several focus groups and research studies pertaining to the real estate closing process and the role of the title company/closing attorney. Based upon these findings, along with recent changes in our industry, it is apparent there is a need to shift our mindset from “marketing” to the purchaser to “educating” the purchaser, so they may be proactive participants in the closing process. Most importantly, ALTA is suggesting we focus on educating the purchasers on the role the title company/closing attorneys play in the closing process and the role of title insurance. Read more
 

Bill to Defer Stock Options Tax Attracts Bipartisan Support

09.14.2016 Stock options are a very popular part of executive compensation packages but some tax rules make it difficult for employees of start-up and private companies to exercise their options and take control of their ownership stake. To broaden access to stock options for these businesses, U.S. Sens. Mark R. Warner (D-VA) and Dean Heller (R-NV), have introduced bipartisan legislation that would defer tax on stock options for seven years, making it easier for startups and other small businesses to give employees an ownership stake in their company. Identical legislation was also introduced in the U.S. House of Representatives by Rep. Erik Paulsen (R-MN). Read more
 

Are your wellness program incentives taxable to your employees?

08.05.2016 Yoga classes, weight loss programs, biking to work, and free health screenings are becoming a ubiquitous part of the modern workplace. A recent survey from Fidelity Investments and the National Business Group on Health (NBGH) estimates that 80% of employers now offer some kind of wellness program. In 2015, employers were estimated to spend an average of $693 per employee on wellness-based incentives, says NBGH. These programs promote worker productivity and reduce health-related costs, notes the Kaiser Family Foundation. Read more
 

Time to take a look at Overtime: The Department of Labor has redefined “white collar” overtime

06.06.2016 An estimated 4.1 million salaried workers will become eligible for overtime pay under the new rule published by the DOL that goes into effect December 1, 2016. The updated rule substantially changes which administrative employees are entitled to overtime pay under the “white-collar exemption” of the Fair Labor Standards Act (FLSA). Read more
 

Has the Technology Revolution Left Depreciation Behind?

05.23.2016 The existing depreciation system was developed over 30 years ago, when desktop computers had a capacity of 512k, and there were no cell phones, tablets, or Chromebooks™. Class lives and recovery periods for business assets are now outdated and have resulted in a bias between investments in different industries, according to the Congressional Budget Office (CBO). For example, the effective marginal tax rate on investments in computers and software is nearly 40%, while the rate on railroad track and mining structures is about 15%. Read more
 

No Double-Dipping on Georgia Jobs Credit

05.03.2016 A Georgia corporation had an enviable problem several years ago when it had to decide between two great jobs tax credits. It chose one, but then reconsidered and later wanted to choose the other, using the same jobs. The rules for the credits, however, do not allow double-dipping. Read more
 

Georgia Clears Bill to Waive Sales Taxes on Tickets to Major Sporting Events

05.03.2016 One of the last moves by the 2016 Georgia Legislature was passage of a bill to remove the sales tax on tickets to the Super Bowl or any other major sporting event hosted by the State. The exemption would apply to events held from 2017 through 2022. Governor Deal is expected to sign the bill. Read more
 

Big changes are coming to Lease Accounting: How will they impact your company?

03.29.2016 Balance sheets for many companies will start looking a bit different in the relatively near future. The Financial Accounting Standards Board (FASB) announced changes under the U.S. Generally Accepted Accounting Principles (GAAP) that will require companies that lease real estate, vehicles, construction and manufacturing equipment, and most other assets to include these leases on their balance sheet. As a result of this new standard (ASU No. 2016-02), most companies will notice a significant increase in their reported assets and liabilities. Read more
 

Trending: Tax Scams

03.07.2016 Creative con artists have a variety of tax scams they utilize this time of year. If you get a request via a phone call or an email that asks for personal information that is supposedly from the IRS you should be on the alert. Read more
 

R&D Tax Credit Changes Benefit Tech Start-Ups

02.15.2016 While there are many tax benefits available for small businesses and technology companies, the challenge is how to take advantage of them in the early years when there is no taxable income to offset. The 2016 changes in the research and development (R&D) credit solve this problem by allowing start-up companies to use up to $250,000 of credits against their payroll tax liability, not just their income tax liability. Another 2016 change allows businesses to use the R&D credit against their alternative minimum tax (AMT) liability. Technology companies, with their significant R&D activities related to software development, technology and engineering stand to benefit the most from this change. Read more
 

Department of Labor Asks Employers to Seek Qualified Benefit Plan Auditors

01.11.2016 Late in December the Department of Labor (DOL) sent out an important communication to companies across the country about their Employee Benefit Plan Audits. The DOL is encouraging plan fiduciaries to take a closer look at their auditors’ qualifications and move to a firm like Frazier & Deeter that utilizes specialists who focus on benefit plan audits and are able to perform a quality audit in this highly specialized area. Read more
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