Changes in federal tax provisions and funding stemming from the recently passed reconciliation tax bill, the One Big Beautiful Bill Act (OBBBA), are expected to significantly impact the healthcare industry. Going forward, organizations need to consider the near- and long-term effects of the OBBBA, including Medicaid funding cuts that impact patient populations and reimbursement, altered tax provisions that could influence financial planning, and increased compliance needs stemming from heightened regulatory scrutiny of fraud and abuse.
Nick Wheeler, CPA
Recent Posts
Reconciliation Tax Bill: Key Impacts on the Healthcare Industry

Posted by Nick Wheeler, CPA on Sep 11, 2025
Posted in Business Advisory
Divorcing as a Business Owner? Don't Let Taxes Derail Your Settlement

Posted by Nick Wheeler, CPA on Sep 03, 2025
Divorce is stressful under any circumstances, but for business owners, the process can be even more complicated. Your business ownership interest is often one of your largest personal assets, and in many cases, part or all of it will be considered marital property. Understanding the tax rules that apply to asset division can help you avoid costly surprises.
Posted in Business Tax
One of the most critical decisions entrepreneurs make when starting or restructuring a business is choosing the right entity type. This choice directly impacts how the business is taxed, the level of administrative complexity, and regulatory compliance obligations. While legal liability considerations also matter, we will focus on tax implications. For liability advice, consult a legal professional.
Posted in Business Tax
Startup Costs and Taxes: What You Need to Know Before Filing

Posted by Nick Wheeler, CPA on Jul 16, 2025
The U.S. Census Bureau reports there were nearly 447,000 new business applications in May of 2025. The bureau measures this by tracking the number of businesses applying for an Employer Identification Number.
Posted in Business Tax
The Financial Triple Play: 3 Reports to Help You Stay at the Top of Your Game

Posted by Nick Wheeler, CPA on Jul 15, 2025
In baseball, the triple play is a high-impact defensive feat that knocks the competition out of the inning. In business, you have your own version — three key financial statements that can give you a competitive edge by monitoring profitability, liquidity, and solvency.
Posted in Business Tax
Planning a Summer Business Trip? Turn Travel into Tax Deductions

Posted by Nick Wheeler, CPA on Jun 19, 2025
If you or your employees are heading out of town for business this summer, it’s important to understand what travel expenses can be deducted under current tax law. To qualify, the travel must be necessary for your business and require an overnight stay within the United States.
Posted in Business Tax
Leveraging AI and Automation to Optimize Denial Management in Healthcare

Posted by Nick Wheeler, CPA on May 08, 2025
Claim denials are a significant issue for healthcare, especially as they continue to rise: last year, 60% of medical groups reported a year-over-year increase in claim denials, and providers spend around $20 billion a year trying to overturn them.
Posted in Business Advisory
6 Inventory Management Tips in an Uncertain Tariff Land-Scape

Posted by Nick Wheeler, CPA on Apr 28, 2025
With new tariff structures looming and global trade relationships in flux, businesses face rising uncertainty in supply chain costs and inventory planning. As countries iron out the details of future U.S. trade agreements, companies must proactively manage their inventory to avoid margin erosion and supply disruptions. Here are six smart strategies to help safeguard your operations.
Posted in Business Advisory
Under U.S. Generally Accepted Accounting Principles (GAAP), property, plant, and equipment (PPE) assets aren’t immediately expensed. Instead, they’re capitalized on your company’s balance sheet and gradually depreciated over their useful lives. While that sounds easy enough, subtle nuances may trip up small businesses. Here are some tips to help get it right.
Posted in Taxation
Travel remains a critical expense for many businesses, whether for client meetings, networking, industry conferences or sales opportunities. However, travel and entertainment (T&E) costs can quickly spiral out of control, cutting into profits. Consider taking these six proactive measures to keep T&E costs in check.
Posted in Business Tax