FASB staff clarifying comments on new goodwill impairment alternative
(authored by RSM US LLP) The FASB staff recently made clarifying comments related to the new goodwill impairment triggering event alternative.
The IRS provides further guidance on the Employee Retention Tax Credit
(authored by RSM US LLP) The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.
Do You Have Support for Your Provider Relief Fund Payments?
The U.S. Department of Health and Human Services (DHHS), the entity charged with overseeing the Provider Relief Fund (PRF), requires recipients of program funds to
Senate passes extension of Paycheck Protection Program to May 31
(authored by RSM US LLP) PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.
How Should Provider Relief Funds Be Presented on the Financial Statements?
The healthcare industry struggled to make ends meet during much of 2020. Even when coronavirus-related hospitalizations increased, healthcare systems, physicians, and a host of other
Guidance issued for employers claiming the Employee Retention Credit
(authored by RSM US LLP) Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
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?
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?
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.
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.