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Welcome to the MSL Blog!  A resource that offers guidance and thought leadership on issues to help your organization navigate the financial landscape in an ever-changing environment


MSL BLOG

PROPOSED TAX REFORM FOR 2017

PROPOSED TAX REFORM FOR 2017

Last week the Executive Office released an overview of its proposed 2017 tax reform. The plan provided a summary of the goals of the tax reform for individuals and businesses. The key points of the plan are outlined below.

BUSINESS REFORM

  • Reduce corporate tax rates
  • Allow these reduced rates for small and medium business owners
  • Allow reduction in repatriation taxes
  • Eliminate tax breaks for special interests
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Medicare: Long-Term Care

Medicare:  Long-Term Care

For most skilled nursing facilities (SNFs), Medicare reimbursements are an important revenue source to maintain both margins and census. If your skilled nursing facility is one of these, it is imperative that your organization develops an effective strategy to address the evolving reimbursement landscape impacting Medicare.

SNF value-based purchasing programs will soon place portions of Medicare reimbursement at risk (e.g. the nursing home readmission penalty). However, SNFs need to quickly realize that federal initiatives and policies for Medicare are driving a reduction in both (a) referrals available to nursing homes and (b) the length of stay (LOS) while in the nursing home. 

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2016 TAX BRACKETS

2016 TAX BRACKETS

Every year, the IRS adjusts more than 40 tax provisions for inflation. This is done to prevent what is called “bracket creep.” This is the phenomenon by which people are pushed into higher income tax brackets or have reduced value from credits or deductions due to inflation, instead of any increase in real income.

The IRS uses the Consumer Price Index (CPI) to calculate the past year’s inflation and adjusts income thresholds, deduction amounts, and credit values accordingly. Rather than directly adjusting last year’s values for annual inflation, each provision is adjusted from a specified base year. 

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