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Archive for March, 2010

Physician Practice Tax Credits NOW

Filed under: Retraining Tax Credit
March 25, 2010

The new Federal incentives for electronic health records (EHR) technology start in 2011.

In order for a provider to show the required “meaningful use,” the system needs to be installed and operating in 2011. We have seen many practices start their implementations NOW so they can be ready to meet this requirement.

Talk with your physician practice clients soon to let them know they can potentially benefit from this federal incentive AND the Georgia Retraining Tax Credit. In most cases the state credit can equal or exceed the federal benefits!

If your client is a C Corporation, they may be able to benefit from the state tax credits in the future if they can convert to an S Corporation (and keep the same tax ID number).

With all of the $$ pressures on health care, every incentive helps!