Federal

60-Day Grace Period for PRF Reporting & $25.5 Billion New PRF Funding Available

Announcing 60-Day Grace Period – PRF Reporting Period 1 The September 30, 2021 Reporting Period 1 deadline has not changed; however, in response to challenges providers are facing given the COVID surges and natural disasters around the country, a 60-day Grace Period through November 30, 2021, is now in place. This period allows providers to […]

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Provider Relief Fund Reporting Overview and Calculation Tool

The 9/30/2021 reporting deadline for Provider Relief Funds (PRF) received between 4/10/2020 and 6/30/2020 is rapidly approaching.   It is important to understand the reporting requirements and to be prepared before entering information into the PRF Reporting Portal.   Quarterly information is required for expenses, patient care revenues and staffing FTEs so if you haven’t already gathered […]

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Claim the Employee Retention Tax Credit

The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here’s a rundown of the rules. Background In March of 2020, Congress originally enacted the ERTC in the CARES Act to encourage employers to hire and retain […]

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SBA Plans to Make Loan Forgiveness Easier

UPDATE: The SBA has officially dropped the PPP Loan Necessity Questionnaire from the forgiveness process. Read the updated article. There are recent reports that the Small Business Administration intends to withdraw the use of a controversial Paycheck Protection Program loan questionnaire ( SBA Form 3509, Paycheck Protection Program Loan Necessity Questionnaire (For-Profit Borrowers), and SBA Form 3510, Paycheck Protection […]

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Revised PRF Reporting Requirements including Extended Time to Expend Some Funds

Breaking News:   HHS has just provided more guidance on Provider Relief Fund (PRF) reporting and revised the Reporting Requirements. This new version supersedes all previous versions of the Post-Payment Notice of Reporting Requirements documents. Key updates include: The period of availability of funds is based on the date the payment is received (rather than requiring […]

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