WealthCounsel, LLC


Recent Posts

Addressing the HIPAA in the Room: How New HIPAA Penalties May Affect Your Clients

By WealthCounsel, LLC on Jun 7, 2019 10:01:00 AM

HIPAA

Last month, the US Department of Health and Human Services (HHS) announced it would be capping, and in some cases, lowering the fines for HIPAA violations. HHS released a Notification of Enforcement Discretion Regarding HIPAA Civil Money Penalties describing the new tier structure. According to HHS the new structure better reflects a covered entity’s “level of culpability.” Going forward, HHS will now use annual limits based on the four culpability levels of whether an organization has no knowledge, reasonable cause, willfully neglected and corrected, or willfully neglected without correcting HIPAA violations.

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SECURE Act: How It May Change the Face of Retirement Planning

By WealthCounsel, LLC on May 30, 2019 10:43:15 AM

legislation

On May 23, 2019, the U.S. House of Representatives passed H.R. 1994, also known as the SECURE Act, by a vote of 417 to 3. The SECURE Act is now headed to the Senate, where a nearly identical bill (the Retirement Enhancement Savings Act, aka RESA) is pending. Due to its overwhelming bipartisan support, experts believe the SECURE Act, perhaps with minor adjustments made in the Senate, will easily become law.

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The Importance of Unplugging

By WealthCounsel, LLC on May 10, 2019 10:00:00 AM

unplug

The number one struggle reported by attorneys is the lack of a work-life balance. Whether an attorney is pulling long hours out of necessity, trying to meet their firm’s billing hour requirements, or simply because they enjoy their work, overworking isn’t helpful or healthy.  On the contrary, there are numerous studies that show an increase in work hours doesn’t mean an increase in productivity or even profitability.

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