Paula Reape CPA LNHA

Posted in: COVID-19, Federal, Healthcare

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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Paula Reape CPA LNHA

Posted in: Articles, COVID-19, Federal, Healthcare

Congress asks HHS to extend deadline to expend PRF funds and clarify guidance

As the June 30, 2021 deadline to expend Provider Relief Fund (PRF) draws near, there is still conflicting guidance and no reporting mechanism deadline. In addition, there are still billions of dollars in the PRF yet to be distributed. Hopefully, good news is on the horizon. On May 11, 2021, 79 Members of Congress wrote […]

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Posted in: Articles, COVID-19, Federal, Tax

Tax Credits for Employers Providing Paid Leave Related to COVID-19 Vaccinations

The American Rescue Plan Act of 2021 (ARPA) allows businesses (including tax-exempt organizations), with fewer than 500 employees, to claim refundable tax credits for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or recover from COVID-19 vaccinations. The tax credits are […]

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Posted in: Articles, COVID-19, Federal

Restaurant Revitalization Fund Details Revealed

The Restaurant Revitalization Fund (RRF) relief program application portal will be tested in a week-long trial ahead of the application launch. Following the pilot, the application portal will be opened to the public. However, the official launch date won’t be announced until a later date by the Small Business Association (SBA). All eligible applicants will […]

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David Reape CPA

Posted in: Articles, COVID-19, Federal, Tax

ARPA: Unemployment Partially Excluded from Income for Some Taxpayers

A little-reported provision of the American Rescue Plan Act of 2021 (ARPA) – Unemployment Benefits Received in 2020 May Be Partially Excluded from Income for Some Taxpayers Many Americans found themselves collecting unemployment as the pandemic took hold in early 2020. Those taxpayers are now in the process of filing their income tax returns for […]

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