Does technology actually help accountants?

In the accounting world alone over the past decade or so, accountants and CPAs have seen OCR technology, bank feeds, automated transaction recognition, practice management and workflow software and cashflow forecasting tools all become mainstream tools. So why is the accountancy profession busier than ever?

It's probably because the volume of work in their in-tray exceeds the capacity of most firms.

Now, there is a very quick & efficient solution as over 4000 US CPAs are using our proprietary software allows small to mid-sized businesses to take a quick 60-second confidential survey to determine if they qualify for any of these benefits:

*Work Comp Insurance Audit client (can keep current provider)

*R&D Study

*Property Owner Tax Incentives

*Property Taxes Reduction For Commercial Property Owners

*Waste & Recycling

*Cost Segregation

*Parcel Shipping

*Credit Card Audit (client can keep current provider)

*Payroll Tax Incentives

*Commercial Funding

*Stryde Retirement Program (SRP)

*Strategic Partnership

**Hiring & Retaining Employees ($1200 - $26,000 per employee) thru WOTC & ERC for W2 employees

We are now allowing CPAs, accountants and bookkeepers to use our software with the signup fee being waived at http://www.StrydeAdvisors.com/143863

If the link does not work, copy & paste it and then watch the simple training and get in on the Friday 9am CST call for new users.

We do all of the heavy lifting, all you have to do is answer a few simple questions about your client(s) and see their benefits in seconds. You retain full control of your client base while you standout like a rock star!!!

Tax Credits are now a permanent part of financial planning for all businesses.

Here are some key things to know about R&D tax credits:

• R&D tax credits are a tax incentive that allows companies to reduce their tax liability based on qualifying research and development expenditures. The goal is to encourage innovation and technological development.
• In the US, R&D tax credits are available at both the federal and state level. The federal R&D tax credit is available to companies of any size and reduces a company's federal income tax liability.
• To qualify for the federal R&D tax credit, activities must meet the criteria of a systematic process to discover information, involve technological uncertainty, and be intended to develop a new or improved business component. Eligible expenses include employee wages, supplies, and certain contractor costs.
• Companies must carefully document their R&D activities and expenses to support any credits claimed. It's recommended to work with a tax advisor familiar with R&D credits to ensure proper compliance and maximize the credit amount.
• The R&D tax credit is a dollar-for-dollar reduction in tax liability, so it can provide significant tax savings especially for companies with major R&D initiatives. However, there are complex rules around qualifying activities and calculating the credit amount.
• In addition to the current year R&D tax credit, companies may be able to amend prior year returns to claim credits for eligible past R&D expenses. The ability to file amended returns depends on the open tax years under the statute of limitations.

Let's see what your R&D tax credits are!!

The nation's largest payers have evolved — what happens next?

The nation's largest health insurers are no longer just insurers — nearly all have restructured and grown into health services giants capable of paying for care and providing it too, but underpayment by insurers still remains a huge problem for Hospitals, Urgent Cares and Large Primary Care facilities!!

If they have a minimum $2M annual in payer revenue with their top 3 payers, our proprietary software and team of payer contract experts perform a forensic analysis of every remittance received in a 12-to-24-month period to determine contractual compliance of each reimbursement. We work with the payers to recover underpayments that are due to our clients. With a 100% success rate, our results are unrivaled, and we typically recover 10%-20% of collections from payers.

Underpayment Recovery

Larry G. Potter

Lgpotter33@gmail.com

Medical sales as a lucrative career....

Key points about medical sales representatives:

• Medical sales reps promote and sell medical products and devices to physicians, hospitals, clinics, and other healthcare providers. They serve as the liaison between medical companies and healthcare professionals.

• To be a medical sales rep, you typically need a bachelor's degree in a science or health-related field. Many have backgrounds in nursing, life sciences, or business. Strong interpersonal and communication skills are essential.
• Medical sales reps must have extensive knowledge about the products they sell, from intended uses and clinical data to proper techniques for use. They provide demonstrations and answer technical questions from healthcare providers.
• Responsibilities include scheduling appointments, meeting with physicians and nurses to promote products, negotiating prices and contracts, ensuring prompt delivery, and providing ongoing support and training on medical devices.
• Medical sales reps often specialize in a specific clinical area like cardiology, orthopedics, or diabetes care. They tend to build strong relationships with doctors in their territory over time.
• Most medical sales reps work regular full-time hours but travel frequently to meet with clients. The role requires excellent organizational and time management skills. 
• Note: Medical sales can be a lucrative career, often with a base salary plus commissions and bonuses based on sales figures. However, it's a highly competitive field.

Don’t just cut costs—optimize them!

 Here are a few tips for optimizing costs in a thoughtful way:

• Take a strategic approach. Look at the big picture of what costs are most critical to reducing versus just making across-the-board cuts. Focus on areas where you can reduce costs without negatively impacting quality, capabilities, or long-term investments.
• Involve your team. Get input from different departments and team members on where there may be opportunities to become more efficient. They often have valuable insights into process improvements.
• Leverage technology. Look into automation, AI, and other technological solutions to reduce manual work and streamline processes. But do the cost-benefit analysis to pick solutions with the best ROI.
• Renegotiate vendor and supplier contracts. See where you can get better rates or discounts. But maintain good relationships rather than just demanding lower prices.
• Eliminate waste. Closely analyze spending to identify redundancies, inefficiencies, and low ROI expenditures that could be eliminated.
• Do cost-benefit analyses. Weigh the trade-offs of cutting or eliminating specific costs in terms of risks, impact on morale, consequences for revenue and growth down the road.

The key is to take a holistic, strategic approach focused on efficiency and value rather than just arbitrary cost reductions. With some analysis and creativity, you can likely optimize costs without negatively affecting capabilities.

A few key reasons why QR codes are useful!

 As more people use smartphones, QR codes are becoming an increasingly popular way to connect the offline and online worlds. Here are some key reasons:

:

• Convenience - QR codes can quickly direct a smartphone user to a website or app without having to type in a long URL. Just scan the code and you're instantly taken to the destination.
• Tracking - QR codes can contain encoded data that allows companies to track analytics like how many people scanned the code and where they scanned it from. This provides useful business intelligence.
• Information onDemand - QR codes can link to information that is frequently updated like menus, price lists, schedules, etc. The information stays up to date versus printing static info on a sign or brochure.
• Security - QR codes can encrypt data like WiFi passwords or payment info that is revealed once scanned. This provides more security than openly displaying sensitive info.
• Mobile Friendliness - Smartphones enable QR code scanning as a standard feature. So QR codes allow businesses to bridge the gap between the physical and digital world.
• Viral Marketing - QR codes enable sharing of links, apps, videos, etc easily. Scanning a code is quicker than typing a long URL, so they help content go viral.

So in summary, the main benefits are convenience, analytics, keeping information current, security, mobile functionality and viral spread.

Today is Health Unit Coordinators Day, a day to celebrate the vital behind-the-scenes work these healthcare professionals do!!

 Prospects in Warm Market: Hospitals, Urgent Cares, Large Primary Care (minimum $2M annual in payer revenue with their top 3 payers)