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[ … ]

Industry Outlook 2019-2020: Healthcare

There are signs of increasing mergers and alliances between health care providers that, when successful, allow for more negotiating power with payers and more diverse, ancillary services. According to health care M&A consultancy Irving Levin Associates, 2018 saw a record number of publicly announced transactions, primarily in skilled nursing and senior housing properties. Deal value,[ … ]

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[ … ]

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[ … ]

Gearing up for the ACA’s information reporting requirements

Starting in 2016, applicable large employers (ALEs) under the Affordable Care Act (ACA) will have to file Forms 1094-C and 1095-C to provide information to the IRS and plan participants regarding their health care benefits for the previous year. Both the forms and their instructions are now available for ALEs to study and begin preparations[ … ]