CONTENTS
4 Cost vs. strategy
How to deal with health care
reform to mitigate costs and
retain a good image
5 Privacy rules
How to comply with new HIPAA
regulations for business associates
Welcome to Insights
B
rown Smith Wallace LLC is one of the Midwest region’s most
prominent locally-owned public accounting firms. We make “A
Measurable DifferenceTM” for our core clients, family-owned private
companies, many of St. Louis’ largest public companies and a variety of
industries, such as broker-dealers, captive insurance companies, financial
institutions, government entities, insurance companies, NPOs, real estate
and retail. One of our key difference makers is the valuable information
we provide regularly to clients and friends of the firm. Our website,
www.bswllc.com, is our general library of key business content and contains
an ever-growing database of information on a wide range of business topics.
In this collection of Insights, our experts discuss real-life business issues and
provide guidance on how your organization can address those issues and come
out stronger and positioned for greater success.
This collection has a significant focus on health care reform, cyber security and
tax reform as we continue to concentrate our thought leadership on the areas of
greatest concern to you.
As you read these articles, I hope the insights provided by our experts help bring
your organization continued success. Please feel free to contact me or the article
authors with your questions or comments.
Best regards,
Harvey N. Wallace, CPA/ABV, CVA
Managing Member
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Reprinted from Smart Business St. Louis
6 Cybersecurity
How to protect your company
from cybercriminals
7 Disaster
preparedness
How to develop a business
recovery and continuity plan
8 Captive insurance
How a new Missouri law provides
incentives to self-insure with
captives
9 The taxman cometh
How states are aggressively
pursuing sales and use tax
collections
10 Internal controls
How to prepare for implementation
of the 2013 COSO internal
framework
11 Exit strategy
2014 may be a good year
to sell your business
12 Personal property
How to reduce your company’s
property tax burden
13 Cost Segregation
How businesses can accelerate
depreciation for tax purposes
14 Social Security
How Social Security fits into
overall retirement planning
15 Year-end tax planning
How the ACA and the end of
Bush-era cuts affect tax strategy