Janet Berry Johnson

Mar 5, 2024 | creditkarma.com | Janet Berry-Johnson |Janet Berry Johnson

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Aug 23, 2023 | forbes.com | Janet Berry Johnson |Deborah Kearns

If you’re paying a lot of healthcare costs out of your own pocket, can you deduct those medical expenses from your taxes? The short answer is yes, but there are some limitations. Can You Claim Medical Expenses on Your Taxes? While many out-of-pocket medical bills are deductible, you have two hurdles to overcome before you can benefit from claiming medical bills on your federal income tax return. Federal Filing Fee 25% off Premium: Was: $54.95 Now: $41.21.

Aug 10, 2023 | bench.co | Janet Berry Johnson

The business expenses list every business owner needsCreating business expense categories helps you understand which expenses you can deduct and which you can’t. In addition, if you have a bookkeeper or tax preparer handle your taxes, categorizing your expenses using a chart of accounts saves time and money on income tax preparation. The types of expenses you deduct will vary depending on your industry and whether you work from a commercial office space or your home office.

Aug 8, 2023 | bench.co | Janet Berry Johnson

The basics of accounting for medical practicesHere are some best practices for setting up your business accounting and maintaining profitability. Choose the right accounting methodThere are two types of accounting that your medical group can use to track revenues and expenses: accrual accounting or cash-basis accounting. With cash basis accounting, revenue is recognized when you receive payments, and expenses are recorded when you pay them.

Jul 25, 2023 | nypost.com | Janet Berry Johnson

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