HHS Provider Relief Fund and compliance update
(authored by RSM US LLP) Join this RSM webcast as our panelists discuss and share their reporting compliance insights amid a shifting HHS timeline.
Health care and life sciences deal flow
(authored by RSM US LLP) This year, the health care sector could not even wait until the second full week of January to kick off an acquisition announcement spree.
Four top business concerns for behavioral health CFOs in 2021
(authored by RSM US LLP) From pandemic relief funding concerns to insurability challenges, what are behavioral health CFOs thinking about in 2021?
Proposed accounting for acquired revenue contracts with customers
(authored by RSM US LLP) A recent proposed ASU addresses the accounting for revenue contracts with customers acquired in a business combination.
2 ways cybercriminals can breach your health care organization
(authored by RSM US LLP) What should you and your health care organization be watchful for and how can you mitigate these cyber risks?
IRS reaffirms “friendly doctor” transaction can transfer tax ownership
(authored by RSM US LLP) In line with decades of case law and rulings, IRS ruling looks to benefits and burdens of ownership to determine tax ownership.
Changing landscape of pandemic relief for health care providers
(authored by RSM US LLP) If health care providers can’t support the receipt of pandemic relief funds, there will be significant questions about their sustainability.
Safe Harbor Provides Path Forward to Deducting PPP Loan Expenses
The IRS once again addressed the deductibility of eligible Paycheck Protection Program (PPP) loan expenses. On Wednesday November 18th, the IRS released Revenue Ruling 2020-27
IRS Introduces New Form 1099-NEC for 2020 Tax Year Reporting
Beginning in January of 2021, the IRS will require businesses to report non-employee compensation using a new Form 1099-NEC. Amounts formerly reported on Form 1099-MISC
HHS Provider Relief Fund and AICPA health care expert panel
(authored by RSM US LLP) Join RSM for an update on HHS Provider Relief Fund reporting requirements and compliance implications for the CARES Act.
Borrower’s accounting for debt restructurings and modifications
(authored by RSM US LLP) A recent FASB Staff Educational Paper provides an overview of the accounting guidance for common debt modifications and exchanges.
SBA publishes loan necessity questionnaire for PPP borrowers
(authored by RSM US LLP) Borrowers (and affiliates) that have PPP Loans of $2 million or greater should be prepared to provide additional information to SBA.