Only Three Weeks Remaining Until PRF Reporting Period 1 Deadline! By: Miranda Bowden CPA All providers who received more than $10,000 in PRF funds between April 10 and June 30, 2020 are required to report their use of funds by November 30, 2021. The […]
Only Two Weeks Remaining Until PRF Phase 4 Application Deadline! By: Steven Anderson The October 26, 2021 application deadline for Provider Relief Fund (PRF) Phase 4 and American Rescue Plan (ARP) Rural Payments is quickly approaching with only two weeks to go. Phase […]
Phase 4 and ARP Rural Distributions Application Open By: Paula Reape CPA LNHA The application is now open for both Provider Relief Fund (PRF) Phase 4 and American Rescue Plan (ARP) Rural payments. More details on this $25.5 Billion in new PRF funding […]
60-Day Grace Period for PRF Reporting & $25.5 Billion New PRF Funding Available By: Paula Reape CPA LNHA 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 […]
Provider Relief Fund Reporting Overview and Calculation Tool By: Paula Reape CPA LNHA 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 […]
Claim the Employee Retention Tax Credit By: Tony LaNasa 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 […]
SBA Plans to Make Loan Forgiveness Easier By: Tony LaNasa 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 […]
Revised PRF Reporting Requirements including Extended Time to Expend Some Funds By: Paula Reape CPA LNHA 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 […]
Congress asks HHS to extend deadline to expend PRF funds and clarify guidance By: Paula Reape CPA LNHA 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 […]
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 […]
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 […]
ARPA: Unemployment Partially Excluded from Income for Some Taxpayers By: David M. Reape 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 […]