Page 4 - SFHN1119FINALunflipped.qxp_SFHN 0608 Friday 5.0

Smart Signage Saves Time Tips to Consider for Year-End

and Increases Productivity Individual Tax Planning

BY LOIS THOMSON In health care, DSignage does While it’s not too early to Retirement Planning
this by integrating its solution find a great holiday sale, it’s Look to max out your
In today's digital to the health care facilities' cur- equally as true that it’s not retirement plan. Depend -
world, onsite commu- rent systems and workflow, too late to do some year-end ing on several factors, you
nication has become such as patient health records tax planning to help you may qualify for a deduc-
harder than ever, and the hospital's appointment achieve some tax savings for tion for contributions to
thanks to the countless schedules. It can handle every- 2019. an IRA. With the current
distractions people thing from emergency messag- lower tax brackets in
face. Knowing how to ing and code blue alerts, to the Withholding place, consider converting
use technology to ordinary, such as enabling nutri- Make sure to check your a traditional IRA into a
engage, inform and tion services to display their withholding will be suffi- Roth IRA.
educate your target daily menus and specials in cient to cover your projected
audience with ease has cafeterias. 2019 liability. Adjustments Gifting
become a communica- Jose R. Diaz "We also help foundations may be made by updating BY REBECCA ALICEA You may transfer up to
tional nightmare. recognize their donors with dig- your W-4 form with your $15,000 per person per
Fortunately, DSignage has helped count- ital donor walls, and we help nurses have employer or making an esti- year without having to
less institutions tackle these issues by easy access to the patient flow informa- mated tax payment. pay gift tax or utilizing your lifetime

leveraging today's technologies to create tion. Overall, there's a savings in time and Itemized or Standard Deduction exemption. The lifetime exemption
eye-catching smart signage solutions to an increase in productivity and engage- amount for 2019 is $11.4 million.
communicate to the right people in the ment in many different applications." Compare your current itemized deduc-
right place at the right time. For that rea- With the myriad services DSignage is tions to the available standard deduction Education Savings
son, DSignage is THE team to work with able to offer, the education needed to learn ($12,200 for single filers and $24,400 for Note the benefits of funding a 529 plan.
to take your internal communications to the intricacies is likely complicated, yes? married filing jointly in 2019). If your cur- Amounts in the plan grow tax-free and
the next level. Diaz says that's not the case. "To use our rent itemized deductions are close to the distributions are not treated as income to
Managing Director Jose R. Diaz technology, you only need to get our end- standard deduction, you may want to con- the extent they are used to pay for quali-
explains, "We provide complete solutions user training, which we provide on an sider making some additional charitable fied higher-education expenses. Tax-free
to improve our clients' internal communi- ongoing basis both personally and through contributions or check to see if your unre- distributions from 529 plans can also be
cations with their employees and visitors, webinars." He added that the technology is imbursed qualified medical expenses used to pay up to $10,000 of expenses per
by using digital screens to engage and edu- a great tool to educate employees on day- exceed 10% of your adjusted gross income student per year with respect to elemen-
cate the audience." He said DSignage helps to-day corporate compliance and emer- to receive the benefit of the higher item- tary and secondary schools.
clients decide the location, size, and orien- gency procedures and provide details to ized deduction. Reach out to a Withum tax advisor to

tation of the screens, and supplies the nec- ensure employees are better prepared to Capital Losses discuss these options and determine what
essary hardware and software, installation navigate unforeseen incidents in a safe, Consider selling assets in taxable planning opportunities are most beneficial
services, and ongoing technical and cre- organized fashion. accounts that have losses at the end of the to you.
ative support. This enables clients to focus year to offset capital gains. You can deduct
on their business and use DSignage's For more information, up to $3,000 ($1,500 if married filing sep- Rebecca Alicea, Manager,
expertise to deliver the right message to visit www.dsignage.net. arately) in capital losses against ordinary WithumSmith+Brown, PC, can be reached
the right people at the right time. at ralicea@withum.com.
income.

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4 November 2019 southfloridahospitalnews.com South Florida Hospital News