Mark Schwarz

Wave App’s stance on PHI and HIPAA compliance – Protecting client data and running your practice smoothly

Wave is a tool we’ve recommended many times.  It’s simple and fast. It’s easy to understand.  Overall, we like its features for the price at least as well as Quickbooks, if not much better.  It’s an excellent choice for business owners with straightforward needs. If you simply bill clients for services, and your business revenue …

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Public Information Reports in Texas: Beyond Franchise Tax Reports

Texas businesses have long been familiar with the annual requirement of filing franchise tax reports. However, recent changes in regulations have eliminated this obligation for many businesses. Despite this, one crucial document that continues to hold significance is the Public Information Report (PIR).  Maintaining TransparencyThe Public Information Report serves as a tool for upholding transparency …

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Home office deductions: Accountable Plans

Accountable plans help businesses to optimize their tax footprint, especially for home office deductions. What is an accountable plan? It allows for the reimbursement of legitimate business expenses incurred with personal funds. Think home office setups, mobile phone bills, and even mileage. The key factor? Reimbursements are tax-free for the employee and deductible for the company.  …

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Streamlining Finances: Bookkeeper-Friendly Banks for Your Practice

A new wave of bank accounts caters specifically to businesses like yours, making it easier than ever to stay organized and efficient. If you’re like I was for many years, you may be using the first business bank account you saw in an advertisement.  As our businesses grow and our needs grow with them.  Relay …

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