Articles

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. The three-page guidance in Notice 2020-65 was issued to implement President Trump’s executive memorandum signed on August 8. Private employers still have questions and concerns […]

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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 protect residents from the impact of COVID-19. On August 27,2020, HHS distributed the initial $2.5 billion of this funding to support facilities’ COVID-19 infection control […]

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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 do and do not qualify for Uniform Guidance and therefore single audit requirements. Click Here to View the Full Summary

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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 developed by the AICPA Health Care Expert Panel and address questions regarding CARES Act provisions and other COVID-related funding specific to nongovernmental health care entities, […]

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