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2022 tax deductions to look out for beyond just income, and itemized

Remember that April 18 marks the deadline for taxpayers to file their annual returns. Tax Day is typically April 15, but because that date falls on a Saturday, and due to a Washington, DC holiday on Monday, the filing deadline was pushed to April 18. As of April 7, the Internal Revenue Service has processed more than 101 million returns. The average refund to taxpayers is $2,878, down from $3,175 at the same time a year earlier. If you’re scrambling to finish your taxes by midnight Tuesday, here are some reminders of often-forgotten items that might be deductible, so you…
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10 Ways to Tell You’re Truly Ready to Go Freelance

Key points In just five years, the number of US freelancers grew from 57.3 million to 70.4 million. You have to be comfortable being your own boss, as you have to handle your own tax payments, get your own benefits, and figure out your work schedule. You will also likely work more hours, but you’ll get to choose your own assignments, which is appealing. Have you ever felt the urge to quit your W-2 job and become a freelancer? Many people are in the same boat, and the number of freelance workers is on the rise. Zippia found that in…
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New initiative helps Pittsburghers apply for health insurance at laundromats

Doing laundry at a laundromat can take hours. So why not sign up for health insurance while waiting for your clothes to dry? “You’re sitting there, with nothing to do. It’s just a great chunk of time that we’ve identified that we’re able to reach people,” said Rachael Herbert-Nalevanko, a Pittsburgh outreach coordinator for Fabric Health. The Philadelphia-based organization connects laundromat patrons with support services such as SNAP benefits and assistance with energy bills. Fabric Health comes to Pittsburgh laundromats at a time when 3.6 million Pennsylvanians insured through Medicaid are at risk of losing their coverage. Due to the…
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3 Things You Should Know About Irrevocable Trusts

A trust is an estate planning tool that allows a person to control their assets during their lifetime and make provisions for incapacity and death. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). One thing you should know about irrevocable trusts is that, unlike revocable or living trusts, irrevocable trusts cannot be changed or amended. They are set in stone. A second thing that you should know about irrevocable trusts is that they have significant advantages, and also unique…
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Can Your EHR Template Land You in Prison?

If your electronic health record (EHR) template is set up incorrectly and leads you to be billed improperly, it could lead to prison time. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). In recent years, we have heard from many of our clients that their compliance plans received less attention than normal due to the pandemic, staffing issues, and other pressing concerns. However, compliance enforcement is ongoing and it is essential to prioritize your compliance plan. A Delaware physician…
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Healthcare Encryption Exceptions? – Rickard & Associates

We know that all emails and text messages that contain protected health information (PHI) should be encrypted. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). Are there any exceptions to the encryption rule? Just one. Patients can communicate with covered entities using unencrypted email and text messages, if the patients have been informed of the increased risk. Patients can opt to have reminders sent via text messages or emails. One issue that many healthcare providers have regarding encryption, is…
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Breaking: New Self-Disclosure Policy – Rickard & Associates

The Department of Justice (“DOJ”) announced a new Voluntary Self-Disclosure Policy to be used by US Attorney Offices throughout the country. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog click here). The new policy helps to encourage early and voluntary self-disclosure of corporate criminal misconduct. It reinforces the importance of having an effective compliance plan that identifies misconduct. To be a voluntary self-disclosure, the disclosure must be voluntary, timely and must contain all relevant facts of misconduct. If the disclosure is…
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NC approves Medicaid expansion, reversing long opposition

RALEIGH, NC RALEIGH, NC (AP) — A Medicaid expansion deal in North Carolina received final legislative approval on Thursday, ending a decade of debate over whether the closely politically divided state should accept the federal government’s coverage for hundreds of thousands of low-income adults. North Carolina is one of several Republican-led states that have begun considering expanding Medicaid after years of steady opposition. Voters in South Dakota approved expansion in a referendum in November. And in Alabama, advocates are urging lawmakers to take advantage of federal incentives to expand Medicaid in order to provide health insurance to thousands of low-income…