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Bimonthly Newsletter

Volume 2, Issue 6 | November 2022

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PMHCC Holiday Closures:

November 24 & 25 - CLOSED | Thanksgiving

December 23 & 26 - CLOSED | Christmas Observed

January 2 - CLOSED | New Years Day Observed

401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500

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The Internal Revenue Service announced  that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022.  The limit on annual contributions to an IRA increased to $6,500, up from $6,000. 



For more information on contribution limit changes as well as catch-up contribution limits for individuals aged 50 and over, click here!

Employers warned to beware of third parties promoting improper Employee Retention Credit Claims

The Internal Revenue Service is warning employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify.  Some third parties are taking improper positions related to taxpayer eligibility for and computation of the credit.

Businesses are encouraged to be cautious of advertised schemes and direct solicitations promising tax savings that are too good to be true. Taxpayers are always responsible for the information reported on their tax returns. Improperly claiming the ERC could result in taxpayers being required to repay the credit along with penalties and interest. CLICK HERE for more information from the IRS. As always, please contact us at PMHCC if you have any questions or concerns!



Adjust tax withholding now to pay the proper amount of tax

Tax Withholding Estimator

It is recommended to check your tax withholding while there's time left in 2022 to benefit from any necessary changes.

An adjustment made now could help you avoid a big surprise, such as a big refund or a balance due, at tax time in 2023.

PMHCC Gives Back

Marine Corps Toys for Tots Program

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Now through December 14th!

Every year, PMHCC volunteers as a local drop site for the Marine Corps Toys for Tots Program. The primary goal of Toys for Tots is, through the gift of a new toy, to help bring the joy of Christmas and send a message of hope to economically disadvantaged children. We would love help from you to make this year’s collection the best one yet! Please consider donating new, unwrapped toys and help us by spreading the word to family, friends and colleagues.

There will be two bins located directly inside the main entrance. We also have an online charity registry through Target if you would like to participate virtually. Toys purchased through the Target registry will be delivered to our office and placed in the bins. We thank you in advance!

Online Donation Registry

⭐Staff Spotlight⭐

Chris Raybon, Account Analyst

Happy Retirement! Thank you for 40 Years of Excellent Service to PMHCC!

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Chris has worked in accounting for over 45 years with a majority of her career being at Professional Management.  Chris has enjoyed the working relationships built with her clients throughout the years, as well as being involved in the preparation of their monthly accounting. One directive instilled in Chris at a very early age was “Always work hard and give your best.”



Chris is retiring from PMHCC after 40 years of excellent service.  We are so grateful for all of her hard work and dedication throughout the years and wish her the absolute best on her next adventure.

Helpful Resources

Client Referral Program

Contact your consultant today to learn how you can earn $500 cash for referring a friend or colleague to us! *Reward contingent upon referee maintaining PMHCC services for 3 months minimum.

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Professional Management Healthcare Consultants, Inc

Raleigh Office

9207 Baileywick Road

Raleigh, NC 27615

Phone (919) 876-9711

Wilmington Office

(By Appointment Only)

1213 Culbreth Drive, Suite 116

Wilmington, NC 28405

Phone (910) 798-6000

Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisors. Before making any decision or taking any action, you should consult a professional advisor who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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