Why do partners sometimes report more income on tax returns than they receive in cash?
If you’re a partner in a business, you may have come across a situation that gave you pause. In a given year, you may be taxed on more partnership income […]
Category: Articles
How taxpayers can troubleshoot common after-tax-day issues
While the deadline to file and pay federal income taxes has passed for most people, there are some taxpayers still facing tax-related issues. Here are some tips for taxpayers handling […]
PPP Loan Forgiveness Update
Take Your Time Although Paycheck Protection Program (PPP) Loan forgiveness is a hot topic on the minds of borrowers and the CPAs who advise them, experts are saying borrowers should […]
July 1, 2020 Ohio SNF Medicaid Rates
The Ohio Department of Medicaid (ODM) has finalized the fiscal year 2021 (FY21) Medicaid rates for Ohio nursing facilities, effective 7/1/2020 to 12/31/2020. The statewide average 7/1/2020 Medicaid rate was […]
Portal Now Available to Apply for Ohio COVID Funding
In conjunction with various state agencies, the Ohio Office of Budget and Management (OBM) has opened the portal for certain Ohio healthcare providers to apply for additional COVID funding. The […]
Provider Relief Fund Updates: Reporting, new $5B to SNFs and more
This week’s Provider Relief Fund updates include: Provider Relief Fund First Reporting Deadline February 15, 2021 New $5 billion for Nursing Facilities that Participate in COVID-19 Training Provider Relief Fund […]
SNF Quality Reporting Program (QRP) Non-compliance Notifications
Skilled Nursing Facilities (SNFs) that fail to submit required calendar year 2019 quality data to CMS under the SNF Quality Reporting Program (QRP), are subject to the QRP penalty and […]
Ohio Sales Tax Holiday
The state of Ohio’s sales tax holiday will be from 12:00am Friday, August 7, 2020 to Sunday August 9, 2020 11:59pm. During the holiday, the following items are exempt from […]
Watch out! Organized crime has adapted just fine to COVID-19
Unlike some legitimate businesses, organized crime enterprises can be expected to weather the current COVID-19 crisis. In fact, with millions of Americans now working from home, organized crime-related cyber fraud […]
New Loan Programs Created for Nonprofits
On July 17, 2020, the Federal Reserve (Fed) finalized details for two new Main Street loan programs created for not-for-profits (NFP): Nonprofit Organization New Loan Facility and Nonprofit […]
The CARES Act – Federal Program Requirement Challenges
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was passed and signed into law on March 27th, 2020 in response to the impact of the COVID-19 pandemic. The […]
How some “reputable” professionals enable illegal opioid distribution
With COVID-19 still raging in much of the country, the opioid crisis may not be the top public health challenge on most Americans’ minds. But according to the American […]
