Discussion of UBI on Qualified Employee Parking Under the Tax Cuts and Jobs Act of 2017, certain fringe benefits provided to employees of tax-exempt organizations generate Unrelated Business Income if provided after December 31, 2017. The amount of UBI is equal to the costs associated with providing these benefits that would be disallowed under [...]
One of the key components of the “Tax Cuts and Jobs Act of 2017” (“TCJA”) was the newly created deduction for owners of pass-through entities. This topic was briefly discussed in our blog titled “Overview of the Business Provisions in the New Tax Reform Act,” but the following is intended to dig deeper into [...]
For the first time in 30 years, we have sweeping changes in income tax law! On December 22, 2017, President Trump signed into law the “Tax Cuts and Jobs Act of 2017” (“TCJA”). Unlike tax acts of recent years, TCJA will require significant additional guidance through legislation, Treasury Regulations and other agency interpretations. However, [...]
For the first time in 30 years, we have sweeping changes in income tax law! On December 22, 2017, President Trump signed into law the “Tax Cuts and Jobs Act of 2017” (“TCJA”). Unlike tax acts of recent years, TCJA will require significant additional guidance through legislation, Treasury Regulations and other agency interpretations. However, [...]
The newly released 340B Office of Pharmacy Affairs Information System (340B OPAIS) is now available. With the release of this new system all covered entities should download the 340B OPAIS Public User Guide and review the webinar on OPAIS (links below). The goal of this new system is to increase the security, user accessibility, [...]
As part of Georgia’s new Rural Hospital Tax Credit Program, Draffin & Tucker, LLP is pleased to announce they will be contributing $124,000 through this program to all eligible rural hospitals in the state. This contribution will be equally divided between all 49 eligible hospitals. “Draffin & Tucker, LLP is proud to serve rural [...]
Draffin & Tucker's Matt Atkins, CPA, CIA, authored the article, "Auditing the Hospital 340B Drug Program," for the May 2017 Compliance Today. In his article, Matt states, "There are more than 3,500 hospitals currently participating in the 340B Drug Pricing Program. Along with the financial benefits of the program, there are numerous compliance risks. For this [...]
Draffin & Tucker submitted comments to the DOR regarding the Qualified Rural Hospital Organization Expense Tax Credit and Proposed Rule 560-7-.57. While Draffin & Tucker finds much of the proposed rule to be appropriate, we also believe there are areas which could be modified to streamline the process and relieve some of the administrative burden of the [...]
Draffin & Tucker’s Jeremy Wilson authored the article “Georgia Senate Bill 258: The General Assembly’s Attempt to Sustain Georgia’s Tax-Exempt, Rural Hospitals with a State Income Tax Credit,” that appeared in the Georgia Society of Certified Public Accountants September/October 2016 issue of Current Accounts. In the article, Jeremy talks about the concerns Georgia’s rural [...]
Draffin & Tucker was engaged by the National Association of Community Health Centers to develop its 150-page 340B Guidance Manual. The manual was published in March 2016 and can be purchased from NACHC at www.nachc.org. In addition to assisting with the publication, Cindy DuPree also presented a four-part webinar series for the Association in [...]