When the IRS enacted the Tangible Property Regulations (Repair Regs) in 2014, businesses were required to revise the way they capitalized or expensed certain purchases, utilizing new criteria for the decisions. This required an analysis of existing depreciation schedules, but many businesses have never made the required changes. We will analyze your depreciation schedules to become compliant. The best part is that there may often be some significant tax benefits to your business in doing so.
HIPAA Risk Assessments are now mandated on an annual basis to keep your practice compliant. Don't pay large sums for your assessment. We will help you with your assessment at no charge, and offer you any services necessary to make your practice fully compliant with obligation.