In MedHQ’s recent webinar, Dhara Raval, CPA, Jackie Flores, CPA, and Shelley Sostak shared expert advice on preparing for year-end. The discussion emphasized actionable steps to streamline processes and ensure compliance.
Topics covered include:
- W-9s and Vendor Set-Up: Properly setting up vendors early avoids year-end delays in 1099 filings and ensures accuracy in tax reporting.
- 1099s: Understanding reporting requirements for non-employee compensation, rents, and medical payments to meet IRS standards.
- Audit/Review Support: Tips for preparing trial balances, reconciling accounts, and adhering to GAAP standards for seamless audits.
- Tax Support: Coordinating audits with tax preparation to deliver timely K-1s and minimize compliance risks.
- State and Local Filings: Handling diverse filing requirements across jurisdictions to alleviate administrative burdens.
MedHQ’s expertise allows healthcare providers to focus on delivering patient care while reducing financial management stress.
View the presentation here.
