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23 03, 2020

Medicare Uncompensated Care Data – Worksheet S-10 Audits

2020-03-23T18:28:12+00:00March 23rd, 2020|Client Alert, Uncategorized|

Medicare Uncompensated Care Data –  Worksheet S-10 Audits CMS has instructed Medicare Administrative Contractors (MACs) to audit cost report data included on Worksheet S-10 for cost reporting periods beginning October 1, 2017, through September 30, 2018.  The focus of the audits is on charity and bad debt adjustments that are now being utilized to distribute [...]

29 01, 2020

Proposed Medicaid Fiscal Accountability Regulations

2020-01-29T16:07:15+00:00January 29th, 2020|Client Alert, Uncategorized|

The proposed Medicaid Fiscal Accountability Regulations (MFAR) could result in severe Medicaid cuts to both hospitals and other providers in states that heavily rely on IGTs and provider taxes to finance the state share of Medicaid payments. CMS is accepting comments on this proposed regulation. The Georgia Hospital Association (GHA) has developed a Georgia-specific template [...]

8 01, 2020

Parking Tax Repealed

2020-01-08T19:11:28+00:00January 8th, 2020|Client Alert, Uncategorized|

The “Parking Tax” imposed under I.R.C. Section 512(a)(7) upon enactment of the 2017 Tax Cuts and Jobs Act has now been retroactively repealed under the Taxpayer Certainty and Disaster Tax Relief Act signed into law on December 20, 2019. The 2019 Act repeals the highly contested unrelated business income tax on tax-exempt organization disallowed fringes [...]

25 11, 2019

State Fiscal Year 2020 Indigent Care Trust Fund (ICTF) Interim Payments

2019-11-25T15:20:35+00:00November 25th, 2019|Client Alert, Uncategorized|

The Georgia Department of Community Health (DCH) has communicated to providers in a memorandum dated November 21, 2019 that DCH is preparing to make interim payments for the State Fiscal Year 2020 Disproportionate Share Hospital program.  Interim payments will not be provided to private hospitals due to the unavailability of state matching funds. The following [...]

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 [...]

1 01, 2018

General Rules for Business Expense Deductions

2018-01-15T21:25:59+00:00January 1st, 2018|Uncategorized|

Determining whether an expense qualifies as a deducible business expense is challenging for the new business owner. Below, are summarized guidelines to help determine whether an expense qualifies as being deductible as a business expense. In general, an expense is deductible if: (1) it is related to a trade or business, (2) it is [...]

1 01, 2018

Business and Personal Use of Automobiles

2018-01-15T21:23:53+00:00January 1st, 2018|Uncategorized|

Being a professional service provider, traveling is often necessary in providing services. As such, a decision has to be made on how to account for these expenses and deductions for tax purposes. In most instances, the auto is used in carrying out the business and personally. This duel use increases the documentation burden of [...]