Atlanta, GA—Provider Web Capital is excited to announce its continued monthly origination numbers, with 300% year-over-year growth from March 2015. Transactions of note are highlighted below:
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Now that tax season is upon us, managing your firm’s cash flow becomes an even more pressing issue. Having the tools to combat these problems will reduce business owners’ worries and strengthen the confidence of the employees in the firms operations. This is no easy task, particularly for healthcare providers. Tax laws and regulations are quite stringent, and your time is much better spent focusing on growing the business. Follow these key strategies and you’ll find that your headaches during this tax season will substantially decline:
Effectively Use Equipment Deductions
Recognizing depreciation on equipment and writing off mileage expenses can significantly reduce a company’s tax burden. IRS Section 179 highlights deductions that business owners can take related to various fixed assets, as well as real property. Maximum deductions under this section go up to $500,000 beginning in 2015. Other equipment that is considered “qualifying equipment” includes software, computers, and office furniture, all of which your firm can use as deductions. Likewise, as of the 2016 tax season, mileage expense rates are 54 cents per mile for standard businesses. However, if your firm specializes in medical mobility (i.e. a non-emergency transport company), you will only be able to deduct 19 cents per mile.
ICD-10 expanded the list of possible codes for medical professionals to over 70,000 items. Provider Web Capital’s Top Ten list is below. Some of these are too strange to be true:
Managing your working capital is crucial to running a successful small business. However, with payroll, operating expenses, and general business overhead, many business owners find themselves stretched thin. There are a number of strategies a business can follow to best optimize their working capital.
Provider Web Capital Chairman Chris Stenglein spoke recently on the Dana Barrett Show. Please listen to a portion of the show here.
In the world of business, money means more than just having something to fall back on. It means having the ability to offer your consumers more goods and services. It means having the option to offer more to your employees in the form of benefits and incentives and most of all it makes growing and flourishing as a business much easier. The fact of the matter is, more money never hurt anyone— which is exactly why we want to teach you how to maximize your finances to get the most out of your hard-earned dollar.
Provider Web Capital is excited to announce another record breaking month for originations. The company finished off Q4 with its best month to date; notable transactions are highlighted below: