͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
Is this email not displaying correctly? View it in your browser.
Image description

Bimonthly Newsletter

Volume 3, Issue 2 | May 2023

Image description

Our office will be closed Monday, May 29th.  

We hope you have a happy and safe Memorial Day! May we never forget those who made the ultimate sacrifice for our freedom.

Watch out for Employee Retention Credit Schemes

The IRS and tax professionals continue to see third parties aggressively promoting Employee Retention Credit schemes on radio and online.



Filers should carefully review the ERC guidelines before trying to claim the credit and be wary of offers promising tax savings that are too good to be true. 

More Info

The IRS has been warning about this scheme since last fall, but there continue to be attempts to claim the ERC made by ineligible filers during the 2023 tax filing season. This is a valuable credit for those who qualify but claiming it improperly could result in taxpayers having to repay the credit along with potential penalties and interest.



As always, please contact your consultant if you have any questions or encounter any suspicious requests or activity regarding your business!

Is Your Hobby Taxable?

Whether you are having fun with a hobby or running a business, if you accept more than $600 for goods and services using online marketplaces or payment apps, you could receive a Form 1099-K. Profits from the sale of goods, including personal items, and services is taxable income that must be reported on tax returns. There are a few other things you should consider when deciding whether your project is a hobby or business.

Don't Forget!

2nd Estimated Tax Payments Due 6/15

If you owe estimated tax as an individual and/or corporation for either federal or state, the second installment is due by June 15th! Both the IRS and NCDOR offer easy and convenient ways to pay online directly through your bank account or a credit/debit card.

IRS: https://www.irs.gov/payments

NCDOR: https://www.ncdor.gov/file-pay

It's almost that time!

2023 Surveys

We are currently preparing for our 2023 Dental Fee Surveys (dental clients only) and 2023 Salary Surveys (dental and medical clients).  More information to come this summer!

2023 Accounting Procedures & Information

Check your business portal!  The 2023 Accounting Procedures and Information Guide has been uploaded!  Let us know if you have any questions.

✨Be sure to check out our HELPFUL RESOURCES section below for information on important tax due dates, record retention, retirement contribution limits and more!

⭐Staff Spotlight⭐

Dallton Woolard

Tax Accountant

Image description

     Join us in welcoming the newest PMHCC team member, Dallton Woolard!  Dallton joined PMHCC as a tax accountant in January of this year.  

     He was born and raised in Raleigh, North Carolina. He attended Campbell University and graduated in 2021 with his Bachelor’s in accounting. After working at various CPA firms in college he developed a love for helping people with tax preparation. Here at PMHCC, Dallton works as a tax accountant preparing tax returns for our clients. 

     During his free time he loves to read, watch movies and sports, spend time with his friends and family, and take trips to the Appalachian Mountains and NC coast.

“My wonderful co-workers and the welcoming environment they have established here at PMHCC make it an amazing place to work at! I love getting to work with these amazing people, helping our clients in any way we can!”

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.

Leave us a review!

Image description
Facebook
Twitter
Facebook
Facebook
Image description

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

Wilmington, NC 28405

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.

If you want to unsubscribe, click here.
Sender.net