Salary Increase for Exempt Employees – Effective May 22, 2024

The US Department of Labor (DOL) has amended the Restoring and Extending Overtime Protections rule. The final amendment increases the salary threshold required under the Fair Labor Standards Act. This is for… Continue On +

Read this if you accept cash payments and present large cases in your dental practice

Very few doctors are aware of one of the more drastic federal laws connected to receiving cash payments.  If your practice receives a cash payment of $10,000 or more from a patient,… Continue On +

Paid Leave Oregon

Paid Leave Oregon benefits started September 3, 2023. Paid Leave Oregon is administered by the Oregon Employment Department. Employees apply online at Frances Online Landing Page (oregon.gov). The Oregon Employment Department will… Continue On +

Two Simple Ways To Deter Fraud And Embezzlement That Take Three Minutes To Check

Here are 2 simple ways to reduce the likelihood of fraud and embezzlement in your practice.  In total, these should take 3 minutes out of your day, but can help catch deceitful… Continue On +

Downtown Business Incentive Credit Program

In response to the increase in commercial real estate leasing vacancy in downtown Portland, the city has adopted the “Downtown Business Incentive (DBI)” temporary non-refundable credit program to incentivize new commercial lease… Continue On +

Firm Events and Write-Offs

One of the questions we hear a lot is along the lines of, “Can I write-off (insert team building event or social activity here) for my staff?”  For example, “I’d like to… Continue On +

Non-Deductible Trip vs Deductible Business Trip

Summer is in full swing and with that comes vacation season.  For that reason, I wanted to take a minute to share some requirements on how to turn your next trip from… Continue On +

Accounts Receivable Payment Categories

Fluence is currently reviewing each client’s payment categories used in the practice and will follow up with any recommendations for changes in this area including a daily Accounts Receivable checklist for your… Continue On +

A US Savings Bond To Consider

The US Series i Savings Bonds are an inflation-driven savings bond and there are two components to calculating the interest rate. The first is just the normal fixed, market rate and right… Continue On +

IRA 2022 Vehicles Credits Summary

The recently passed Inflation Reduction Act of 2022 includes changes to the credit available for electric vehicles, as well as adding an additional credit for previously owned clean vehicles and for qualified… Continue On +

Have You Sold or Are You Considering Selling Your Home?

Article Highlights: Home Sale Exclusion 2 out of 5 Rule Gain or Loss from a Sale If you have sold your home this year, or are considering selling your home soon, you… Continue On +

Student Debt Relief

Biden-Harris Administration’s Student Debt Relief Plan Last month, President Biden announced his Administration’s plan to provide student debt relief to eligible borrowers. The purpose of this newsletter is to inform you of… Continue On +