Nelson CPAs, PLLC

01/04/2023

For healthcare companies who received Provider Relief Fund payments in Phase 4, the Reporting Portal is now open through March 31st, 2023.

Don't forget to fill it out in the portal! HRSA will request funds back if spending reports aren't completed.

12/12/2022

As we near the end of 2022, it's important to remember that tax season is just around the corner. Now is the time to finish strong and make sure your financial records are in order so that you can file your taxes with confidence.

08/11/2022

In January 2022, IRS regulations for Substantially Equal Periodic Payments under Section 72(t) had a major update.

Previously, those beginning SEPP from IRAs had to use "any interest rate that is not more than 120% of the federal mid-term rate published by the IRS revenue rulings for either of the two months immediately before distributions begin" for calculating their payments. The new update allows individuals to now choose that method or a flat 5%. 5% is much higher than what 120% of the federal mid-term has been for the past 15 years.

Those considering accessing their retirement accounts before age 59 1/2 should contact their financial advisor to find out if using an SEPP is now a strategy that could work for them.

08/09/2022

https://www.linkedin.com/pulse/5-forecasting-tips-pt-companies-brad-nelson-cpa/?trackingId=1T%2FUROI1IavtSywS6hxyCg%3D%3D

Forecasting is critical to surviving black swan events like COVID 19 or thriving from investing in growth opportunities. Whether creating a forecast for a negative, positive or neutral outlook, the insights gained and targets revealed often lead to profound decision making opportunities.