News

Congress rolls back burdensome UBIT on transportation benefits

A much-hated tax on not-for-profit organizations is on the way out. At the end of 2019, Congress repealed a provision of 2017’s Tax Cuts and Jobs Act (TCJA) that triggered the unrelated business income tax (UBIT) of 21% on nonprofit employers that provide employees with transportation fringe benefits. Unequipped to handle the additional administrative burdens […]

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Finkler & Company Joins HW&Co.

FOR IMMEDIATE RELEASE Cleveland, Ohio (January 6, 2020) – HW&Co., a regional CPA and advisory firm with offices in Beachwood, Westerville (Columbus) and Mentor, Ohio has successfully merged in Finkler & Company CPAs, based in Middleburg Heights, Ohio.  The Finkler team joins more than 110 HW&Co. professionals serving clients across Ohio and the United States. […]

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The Disaster Act Repeals “parking tax” for Tax Exempt Organizations

Senate passed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (commonly referred to as the Disaster Act,) on Thursday, December 19th. The Disaster Act: Repeals the requirement of “unrelated business taxation income (UBTI) of tax exempt organizations to be increased by expenses related to qualified transportation fringe benefits,” commonly known as the “parking […]

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October 2019 Five-Star Ratings and New Abuse Notification

The release of the October Five-Star ratings observed a few more revisions to the system effecting nursing facilities (NF).  Although not as significant as what was experienced in April 2019, there were a few tweaks and modifications to the quality measure categories and the health inspection rating calculations. Similar to the July ratings, 69% of […]

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Healthcare data breaches can threaten your financial well-being

Like many sectors of the economy, the healthcare industry regularly suffers data breaches. Healthcare analytics company Protenus has found that nearly 32 million patient records were breached between January and June 2019 alone. Alarmed? You should be. However, there are steps you can take to reduce the risk that thieves will get a hold of […]

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