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Accounting & Tax News

29 04, 2020

CMS Releases Survey on 340B Acquisition Costs for Hospitals

2020-04-30T19:47:45+00:00April 29th, 2020|340B, Client Alert|

At a time when 340B hospitals are providing vital services to their communities in the wake of COVID-19, facing budgetary shortfalls and making critical staffing decisions, CMS has released its survey of average 340B acquisition costs for hospitals paid under OPPS.  CMS notes that the average time to complete the survey will be 48 hours [...]

28 01, 2020

340B Coalition Winter Conference with Matt Atkins

2020-01-28T19:28:46+00:00January 28th, 2020|340B, Firm News|

We hope to see you at the 340B Coalition Winter Conference, February 10-12 in San Diego! Draffin Tucker’s 340BACE, Matthew Atkins, will be speaking in two sessions: “Audit Findings Update and Improving Compliance” (2/10) and “Strategies to Prevent Duplicate Discounts” (2/11). Visit to register for this conference. 

10 09, 2019

Hurricane Michael: Georgia Timber Tax Credit

2019-09-10T19:16:26+00:00September 10th, 2019|Tax News|

Draffin Tucker’s Tyler Rose recently wrote an article explaining this tax credit and how pecan growers can benefit. Background In November 2018, the Georgia General Assembly passed House Bill 4EX during a special session. This law established the “Georgia Timber Tax Credit” in response to the devastation caused by Hurricane Michael. Because of the misleading [...]

22 08, 2019

HFMA Annual Conference Recap with Matt Atkins

2019-08-22T19:32:12+00:00August 22nd, 2019|340B, Firm News|

Draffin Tucker’s Matt Atkins was a featured speaker at the HFMA Annual Conference, held June 23-26 in Orlando Florida. During his session, those in attendance learned about the increasing scrutiny and pressure on all fronts of the 340B Program as well as the compliance steps that should be implemented to ensure program integrity and common [...]

7 05, 2019

340B Expert Matt Atkins Set to Speak at HFMA 2019 Annual Conference

2019-05-07T19:15:10+00:00May 7th, 2019|340B|

Draffin Tucker manager, Matt Atkins, is scheduled to speak at the HFMA 2019 Annual Conference with the topic:  340B Compliance: Protecting Your Savings. During his session, he will discuss the increasing scrutiny and pressure on all fronts of the 340B Program, as well as the compliance steps you should implement to ensure program integrity and [...]

29 03, 2019

Draffin Tucker Contributes $432,000 To Rural Hospitals Over Last Two Years Through State’s Tax Credit Program

2019-03-29T18:16:44+00:00March 29th, 2019|Firm News, Tax News|

ALBANY, March 29, 2019 – In response to Georgia’s Rural Hospital Tax Credit Program, Draffin & Tucker, LLP has just announced they have contributed $432,000 to rural hospitals within the state over the last two years. “As a firm that has worked with rural hospitals for more than 40 years, we understand just how important [...]

10 01, 2019

Eddie Phillips Authors Whitepaper on the Discussion of UBI on Qualified Employee Parking

2019-02-13T19:39:09+00:00January 10th, 2019|Tax News, Whitepapers|

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 [...]

23 01, 2018

How will the 20 Percent Deduction reduce the tax bill for owners of pass-through entities?

2018-05-23T14:38:19+00:00January 23rd, 2018|Tax News|

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 [...]

18 01, 2018

Overview of the Individual Provisions in the New Tax Reform Act

2018-01-18T16:08:22+00:00January 18th, 2018|Tax News|

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, [...]