New Provider Relief Fund reporting requirements were issued on January 15, 2021 in accordance with the Coronavirus Response and Relief Supplemental Appropriations Act of 2021. The Department of Health and Human Services (HHS) is currently reviewing this guidance and
When you file your tax return, you must check one of the following filing statuses: Single, married filing jointly, married filing separately, head of household or qualifying widow(er). Who qualifies to file a return as a head of household,
If you have a life insurance policy, you may want to ensure that the benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to federal estate tax.
During the pandemic, many employees have postponed using their allotted paid time off until COVID-related restrictions are lifted and safety concerns subside. This situation has caused an increase in accruals for certain employers. Here’s some guidance to help evaluate
On March 30, the Financial Accounting Standards Board (FASB) published an updated accounting standard on events that trigger an impairment test under U.S. Generally Accepted Accounting Principles (GAAP). This simplified alternative may provide relief to private companies and not-for-profit
“Tax day” is just around the corner. This year, the deadline for filing 2020 individual tax returns is Monday, May 17, 2021. The IRS postponed the usual April 15 due date due to the COVID-19 pandemic. If you still
The May 17 deadline for filing your 2020 individual tax return is coming up soon. It’s important to file and pay your tax return on time to avoid penalties imposed by the IRS. Here are the basic rules. Failure
The Small Business Administration (SBA) has released dates to register and apply for the Restaurant Revitalization Fund (RRF). Registration for the SBA application portal will begin on Friday, April 30, 2021, at 9 am ET. Applications will open on
Audit committees face many challenges in 2021. As the economy rebounds from the COVID-19 pandemic, there are new dimensions to the oversight roles and responsibilities of the audit committees. Consider taking these following four steps to fortify your committee’s
Almost 30 organizations are supporting legislation that would ensure Provider Relief Fund assistance is not taxable. The coalition sent a letter to Representatives Cindy Axne, D-Iowa, Neal Dunn, R-Fla. and Brian Fitzpatrick, R-Penn., to thank the lawmakers for introducing
In April 2021, Indiana announced an expansion of the Small Business Restart Fund (“Grant”) to help accelerate economic recovery activity by supporting Hoosier entrepreneurs and small businesses. The program provides working capital to eligible companies by reimbursing certain expenses
The Restaurant Revitalization Fund was created to provide funding to help restaurants impacted by Covid-19. The program will provide restaurants with funding equal to their pandemic related revenue loss up to $10 million per business and no more than
