About Deidra Langstaff

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So far Deidra Langstaff has created 7 blog entries.
20 08, 2019

FASB Issues Proposal to Delay Effective Dates to Provide Relief for Certain Entities

2019-08-20T22:34:13+00:00August 20th, 2019|Client Alert|

FASB Issues Proposal to Delay Effective Dates to Provide Relief for Certain Entities The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update that would grant private companies and certain not-for-profit organizations additional time to implement FASB standards on leases, current expected credit losses, and hedging.  Public comment ends September 16, 2019. In [...]

15 08, 2019

Entity-owned Retail Pharmacies and the 340B Program

2019-08-15T05:50:38+00:00August 15th, 2019|Client Alert|

Many 340B covered entities utilize entity-owned retail pharmacies to assist patients in accessing affordable medications. While there are many considerations to be considered in the operation of a retail pharmacy, one thing is very clear: If the pharmacy is owned by a 340B covered entity (CE), the pharmacy must adhere to the same 340B Program rules [...]

12 08, 2019

Low Volume Hospital Adjustments for FFY 2020

2019-08-20T14:33:39+00:00August 12th, 2019|Client Alert|

Low Volume Hospital Payment Adjustments for FFY 2020 The Bipartisan Budget Act of 2018 modified the qualifying criteria for the low volume hospital payment adjustment for fiscal years 2019 through 2022.  Under the modified criteria, the payment increases are applicable for hospitals that have less than 3,800 total discharges and are located more than 15 [...]

6 08, 2019

Draffin Tucker Expands Outsourced Accounting Department With Newly Certified QuickBooks Online ProAdvisor

2019-08-06T21:25:41+00:00August 6th, 2019|Firm News|

Draffin & Tucker, LLP has provided accounting services to individuals, small businesses, corporations and non-profits for over 60 years and is progressing within the industry with its expansion of their Outsourced Accounting Department. With this service line, clients are able to select the services they need assistance with, such as payroll processing, sales and [...]

6 08, 2019

Draffin Tucker Announces New July 2019 Promotions

2019-08-06T21:14:17+00:00August 6th, 2019|Firm News|

Draffin Tucker is pleased to announce the recent promotions of the following firm professionals effective July 1, 2019. In the firm’s Albany office: Merrit Garnto promoted to Manager in the firm’s Commercial practice. Merrit works primarily preparing tax returns for individuals, corporations, partnerships, trust and estates. Merrit also works with commercial entities including construction companies, [...]

24 06, 2019

Not-for-Profit Goodwill and Intangible Amortization

2019-08-20T14:50:18+00:00June 24th, 2019|Client Alert, Uncategorized|

Not-for-Profit Goodwill and Intangible Amortization The Financial Accounting Standards Board (FASB) recently issued new accounting guidance which allows all not-for-profit (NFP) entities to elect a simplified goodwill and intangibles accounting alternative.  Under the new guidance (ASU 2019-06), an NFP would: Amortize goodwill on a straight-line basis over 10 years, or less than 10 years, if [...]