News & Resources

Transparency in Coverage

  Follow this link https://www.anthem.com/machine-readable-file to the Somerset CPA Health Plan’s publicly available machine-readable files as required by the Transparency in Coverage federal regulations.

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OAK Orthopedics Open House

  OAK Orthopedics’, a division of Illinois Bone & Joint Institute, new medical office building and surgery center located in Bourbonnais, Illinois opened in November 2021. In April of this year, the group held a grand open house to celebrate

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IRS Increases Mileage Rate for Remainder of 2022

  The Internal Revenue Service announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business

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Is It a Good Time for a Roth Conversion?

  The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this decline may provide a valuable opportunity: It may allow you to convert your traditional

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Contingent Liabilities: To Report or Not to Report?

  Disclosure of contingent liabilities — such as those associated with pending litigation or government investigations — is a gray area in financial reporting. It’s important to keep investors and lenders informed of risks that may affect a company’s future

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Coastal Orthopedics Open House

  On Tuesday, May 24th, Coastal Orthopedics greeted guests to the grand opening of a medical office building and ambulatory surgery center, Coastal Orthopedics – East, located at, 8000 SR 64 East, Bradenton and a second medical office building, Coastal

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How Inflation Could Affect Your Financial Statements

  Business owners and investors are understandably concerned about skyrocketing inflation. Over the last year, consumer prices have increased 8.3%, according to the latest data from the U.S. Bureau of Labor Statistics. The Consumer Price Index (CPI) covers the prices

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Forecasts vs. Projections: What’s the Big Difference?

  Financial statements look at historical performance. But there are times when you want forward-looking reports to help your business make strategic investment decisions, evaluate the viability of a turnaround plan or apply for a loan. Your accountant can help

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