The federal government allocated $178 billion to be distributed through the Provider Relief Fund among eligible Medicare providers with the intent to reimburse some of the COVID-19 related expenses or lost revenue. It’s important to start acting now.
Real Benefits from the Employee Retention Credit in Healthcare
Although the ERC calculations can be meticulous, the potential benefits that practices had seen are worth examining. We have worked with many business owners in the healthcare industry to help calculate and claim this credit. Get the details here.
Expanding succession planning beyond ownership
Business owners, have you considered creating a succession plan that also accounts for the possible departure of key employees?
Employer-Provided Disaster Relief & COVID-19
Amid the COVID-19 pandemic, many employers are looking for tax-advantaged ways to help their employees with additional expenses incurred as a result of the pandemic. Section 139 of the Internal Revenue Code provides the answer. On March 13, 2020, President Trump declared COVID-19 a national disaster under the Robert T. Stafford Disaster Relief and Emergency[ … ]
Health and Human Services Provider Relief Fund – Big Reveal on Reporting Requirements
Health and Human Services (HHS) just published long-awaited guidance regarding the reporting requirements related to General and Targeted Distribution of Provider Relief Funds.
Industry Outlook 2019-2020: Healthcare
Levels of Optimism: Moderate In the years since we first conducted the Arizona CFO Spotlight Survey in late 2016, outlooks and optimism for the healthcare industry in Arizona have been mixed. About one-third of leaders anticipate less revenue in 2019 as they grapple with staffing shortages, regulatory costs and changing payer reimbursement models. Specialty health[ … ]
Industry Outlook 2018: Healthcare
The 2018 Arizona CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the health care segment here in terms of growth, risk factors, strengths and trends. Responding health care companies included hospitals, clinics, and specialists. They are based mainly in Tucson. Over the last three years, revenue[ … ]
Industry Outlook: Healthcare
The 2017 CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the health care segment here in terms of growth, risk factors, strengths and trends. Responding health care companies were based mainly in Tucson, and 57% believed that the economic climate in their city is better than[ … ]
Finding the right tax-advantaged account to fund your health care expenses
With health care costs continuing to climb, tax-friendly ways to pay for these expenses are more attractive than ever. Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) and Health Reimbursement Accounts (HRAs) all provide opportunities for tax-advantaged funding of health care expenses. But what’s the difference between these three accounts? Here’s an overview: HSA. If[ … ]
How many employees does your business have for ACA purposes?
It seems like a simple question: How many full-time workers does your business employ? But, when it comes to the Affordable Care Act (ACA), the answer can be complicated. The number of workers you employ determines whether your organization is an applicable large employer (ALE). Just because your business isn’t an ALE one year doesn’t[ … ]
