Knowledge Center
Thank you for visiting our Knowledge Center. In the blog feed below you will find all articles, press releases, event information and news items about our firm and current industry trends. The Knowledge Center menu to the right will filter all posts based on category. The search feature is available to help narrow the presented information further.
Parking Tax Repealed
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Tax” imposed under I.R.C. Section 512(a)(7) upon enactment of the 2017 Tax Cuts and Jobs Act has now been retroactively repealed under the Taxpayer Certainty and Disaster Tax Relief Act signed into law [...]
State Fiscal Year 2020 Indigent Care Trust Fund (ICTF) Interim Payments
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 [...]
State Fiscal Year (SFY) 2019 Hospital UPL Payments
The Georgia Department of Community Health (DCH) has communicated the process of the SFY 2019 Upper Payment Limit (UPL) hospital payments. Payments and intergovernmental transfer amounts were provided with the notice and will be posted [...]
Medicare-Medicaid Crossover Bad Debt Accounting Classification
Effective for cost reporting periods beginning on or after October 1, 2019, Medicare-Medicaid crossover claims must be charged to an expense account for uncollectible accounts to include on the cost report as a Medicare bad [...]
Jeremy Wilson on Financial Wellness Checks for Your Business
Partner Jeremy Wilson talks about how they can help provide a mid-year financial wellness check for your business. http://ceonews-video.s3.amazonaws.com/video/video-files/MetroAtlantaCEO-07-30-19-02-Wilson.mp4
Hurricane Michael: Georgia Timber Tax Credit
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 [...]
New Documentation Requirements for Filing Medicare Cost Reports
New Documentation Requirements for Filing Medicare Cost Reports The following documentation must be submitted with the Medicare cost report for cost reporting periods beginning on or after October 1, 2018. Submissions that do not include [...]
FY 2021 Wage Index Reviews – Documentation Requests
FY 2021 Wage Index Reviews – Documentation Requests Palmetto GBA has recently sent emails to every hospital requesting FY 2021 wage index support be submitted for review. The submission deadline (September 3, 2019) for this [...]
HFMA Annual Conference Recap with Matt Atkins
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 [...]
FASB Issues Proposal to Delay Effective Dates to Provide Relief for Certain Entities
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 [...]
Entity-owned Retail Pharmacies and the 340B Program
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 [...]
Low Volume Hospital Adjustments for FFY 2020
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, [...]
Draffin Tucker Expands Outsourced Accounting Department With Newly Certified QuickBooks Online ProAdvisor
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 [...]
Draffin Tucker Announces New July 2019 Promotions
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 [...]
Miles Espy on How to Maximize Tax Deductions for Business Vehicles
Partner, Miles Espy gives details on current tax breaks associated with the acquisition of business vehicles. http://albanyceo.com/video/2019/07/miles-espy-how-maximize-tax-deductions-business-vehicles/ http://ceonews-video.s3.amazonaws.com/video/video-files/AlbanyCEO-06-17-19-01-Espy.mp4
Not-for-Profit Goodwill and Intangible Amortization
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 [...]
SFY 2019 Nursing Home UPL Payments
In a memorandum dated June 3, 2019, from John Upchurch, the Georgia Department of Community Health (DCH) communicated the process of the State Fiscal Year 2019 Nursing Home Upper Payment Limit (UPL) payments. The transfer [...]
-HRSA Audits and Your 340B Program-Lessons Learned in the Field
-HRSA Audits and Your 340B Program-Lessons Learned in the Field As you are aware, your 340B Program is subject to HRSA audits. These can be random or targeted audits. As your number of contract pharmacies [...]
340B Expert Matt Atkins Set to Speak at HFMA 2019 Annual Conference
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 [...]
Revisions for FY 2017 Potentially Aberrant Worksheet S-10
Recently, Medicare Administrative Contractors (MACs) notified certain hospitals of potentially aberrant data on their Worksheet S-10 for cost reporting periods beginning in federal fiscal year 2017 (i.e., October 1, 2016, through September 30, 2017). The [...]
Draffin & Tucker’s Tyler Rose on the Georgia Timber Tax Credit
Thursday, April 4th, 2019 Tyler Rose with Draffin Tucker talks about how Georgia created a new tax credit for timber damaged by Hurricane Michael. Click to view video.
Draffin Tucker Contributes $432,000 To Rural Hospitals Over Last Two Years Through State’s Tax Credit Program
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 [...]
Draffin Tucker Welcomes New Partner, Stephen D. Harrell, CPA
Draffin Tucker is pleased to welcome Stephen Harrell, CPA, as a new partner to the firm, effective January 1, 2019. During Stephen's time at Draffin Tucker, he has worked with many healthcare clients providing attestation [...]
Draffin Tucker Announces New January 2019 Promotions
Draffin Tucker is pleased to announce the recent promotions of the following firm professionals effective January 1, 2019. In the firm’s Albany office: Haley Bass promoted to Associate II in the firm’s healthcare practice. In [...]
Eddie Phillips Authors Whitepaper on the Discussion of UBI on Qualified Employee Parking
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, [...]