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

HHS Updates Provider Relief Reporting Guidance for Lost Revenues

On October 22, 2020, the Department of Health and Human Services (HHS) issued a policy memo revising its guidance for reporting on Provider Relief Funds received by healthcare providers over the previous six months.  In response to concerns voiced by various provider associations and members of Congress, HHS updated its guidance on lost revenues attributable […]

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Helen Weeber CPA

Posted in: Articles, Nonprofit

Why your nonprofit must make time for accountability

“Accountability” may seem like one of those popular management concepts you know would be nice to implement if your not-for-profit had the time and budget. But not only is accountability essential to your nonprofit’s health and efficacy — affecting everything from donations to grants, hiring to volunteering, board fiduciary duty to employee morale — it’s […]

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Anthony LaNasa CPA CFE

Posted in: Articles, Fraud

Welcome to 21st century forensic accounting

Forensic accountants are engaged for a wide variety of assignments, among them investigating fraud, auditing internal controls and quantifying damages associated with legal disputes. All of these require attention to detail and a diverse set of skills including mathematical, technological, legal and investigative. But the accounting landscape and client needs are constantly changing. Here’s how […]

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David Reape CPA

Posted in: Articles, Tax

The 2021 “Social Security wage base” is increasing

If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing. The Social Security Administration recently announced that the maximum earnings subject to Social Security tax will increase from $137,700 in 2020 to $142,800 in 2021. For 2021, the FICA tax rate for both employers and […]

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Helen Weeber CPA

Posted in: Articles, Nonprofit

Candid communication can help ease nonprofit staffers’ anxiety

It would be an understatement to say 2020 has been challenging. Leaders of not-for-profits still standing are justified in worrying about strained budgets and their ability to deliver on their organization’s promises during a pandemic, financial crisis and time of social and political upheaval. Staffers are likely to be just as concerned about the future […]

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