HHS Releases Guidance on Provider Relief Reporting
On September 18, the Department of Health and Human Services (HHS) released a six-page document detailing some of the reporting requirements for the Provider Relief Funding paid out over the […]
Category: Articles
New from the IRS: Form 1099-NEC
The IRS has officially unveiled the new 1099-NEC form. Beginning with tax year 2020, filers must use Form 1099-NEC to report any non-employee compensation. This form replaces form 1099-MISC Box […]
Nursing Home Infection Control Distribution – $2 Billion Incentive Payment Additional Details
The Department of Health and Human Services’ (HHS) Health Resources and Services Administration (HRSA) previously announced the distribution of $5 billion in Provider Relief Fund (PRF) payments to eligible skilled […]
Business Website Costs: How to Handle Them for Tax Purposes
The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally apply […]
IRS to Mail a Special Letter to Estimated 9 Million Non-Filers, Urging Them to Claim Economic Impact Payment by Oct. 15
The Internal Revenue Service plans to mail out letters to roughly 9 million Americans who typically don’t file federal income tax returns who may be eligible for, but have not […]
Getting the Goods on Inventory Theft
Maybe the numbers didn’t add up during your company’s recent inventory count. You know that most inventory discrepancies are the result of honest mistakes, such as when employees return items […]
Employers Have Questions About Deferring Employees’ Social Security Taxes
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit and payment of certain payroll tax obligations, social security taxes. […]
Ohio Coronavirus Relief Fund (CRF) Updates
Ohio providers are beginning to see payments from the Ohio Coronavirus Relief Fund (CRF). Please contact us if you would like to know how much to expect from the CRF. […]
Nursing Home Infection Control Distribution – $2 Billion Incentive Payment Plan Announced
The Department of Health and Human Services’ (HHS) Health Resources and Services Administration (HRSA) previously announced the distribution of $5 billion in PRF payments to eligible skilled nursing facilities to […]
Governmental Audit Quality Center Summary of Applicability for New COVID-19-Related Federal Programs
The Government Audit Quality Center (GAQC) created a summary of Uniform Guidance (UG) applicability for new COVID-19 related Federal Programs. This matrix provides information on the federal programs and what […]
Accounting for CARES Act Relief to Health Care Entities
The American Institute of CPAs (AICPA) has released a new set of Technical Questions and Answers (TQAs) which includes 10 pages of nonauthoritative health care accounting guidance. These TQAs were […]
Critical COVID Lawsuit Immunity Awaits DeWine’s Signature
This week, the Ohio legislature passed House Bill 606,which would provide civil immunity for businesses and healthcare entities for actions taken during this COVID-19 pandemic. Governor DeWine is expected to […]
