Resource HubPosts By Category
WEBINAR: Accounting Innovation
11/12/2020
Join us for a free webinar on Thursday, November 12th from 2:00-3:00 PM (CST)/3:00-4:00 PM (EST). Over the past several months it has become more apparent than ever that running your business on the go is imperative. From streamlining accounts payable and accounts receivable processes to paying and receiving money electronically, we'll explore the tools you can implement today!
WEBINAR: Understanding Single Audit Requirements for the Healthcare Industry
11/12/2020
As a result of receiving CARES Act funds in response to COVID-19, many healthcare organizations now will be subject to Federal audit requirements regarding the use of those funds. Join us for a free webinar on Thursday, November 12th from 10:00-11:00 AM (CST)/11:00-12:00 PM (EST).
CARES Act Provider Relief Funds: Webinar Q&A
10/20/2020
For all of our clients and friends who attended Part IV of our CARES Act webinar series, we have attempted to consolidate all of the questions and our answers as of October 8, 2020. Please keep in mind that the situation is very fluid, that the answers to these questions may change based on future guidance.
WEBINAR MATERIALS: CARES Act Grants - Reporting Obligations & Latest FAQ Revisions
10/8/2020
Now that detailed reporting requirements and basic guidance addressing the single audit implications have been published, this webinar will focus on these critical obligations and more! Access materials here.
WEBINAR MATERIALS: Mandatory Compliance is Here - Is Your SNF Team Ready?
9/24/2020
Mandatory Corporate Compliance for skilled nursing centers is here! Our webinar will include an overview of Fraud and Abuse laws including the False Claims Act, compliance auditing and monitoring, how to demonstrate effectiveness, and the 60-day rule that applies to Medicare overpayments. Access webinar materials here.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part VII
9/17/2020
In this webinar we provide real-world scenarios to answer your common questions related to the deadline to file, payroll taxes, potential new bills, and latest guidance. Access webinar materials here.
ALLL: Do Big Banks Know Something that Community Banks Don't?
8/28/2020
Community banks are fighting many headwinds, the remote working environment, squeezed net interest margin, and deferral of loan payments to name a few. One thing most community banks may not have addressed is the need to increase their Allowance for Loan and Lease Losses (ALLL) for COVID-19 related risk.
WEBINAR MATERIALS: CARES Act Provider Relief Funds for Post-Acute & Long-Term Care Providers, Part III
8/27/2020
This webinar focused on the rules and guidance related to the CARES Act fund distribution, which have undergone near continuous updating and modification since these relief funds began to be distributed. Access webinar materials here.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part VI
8/20/2020
Our webinar provides real-world scenarios to highlight key aspects of PPP and answer your common questions related to the deadline to file, payroll taxes, potential new bills, and latest guidance. Access webinar materials here.
Bank CFO Update: Comments Regarding Recent Regulatory Guidance on Loan Modifications
8/18/2020
With all the attention on PPP loan origination and forgiveness, the issue of how to account for loan modifications has been left simmering on a back burner. In recent weeks, two regulatory releases provided helpful and practical guidance for community bankers already thinking about how best to consider the proper loan credit grade for loans impacted by COVID.
Bank Directors and Executive Management: Thoughts on Strategic Planning for 2020
8/11/2020
If you are like most community bankers, you are probably feeling about as refreshed and full of energy as a marathon runner at the 24-mile marker. Almost all community banks are facing the same basic banking challenges currently, and that list of challenges would be a great start in identifying the issues to discuss and consider during a Strategic Planning meeting in the current environment.
Employers - Prepare to Comply with Year End Reporting Of Qualified Sick & Family Leave Wages Paid Under the FFCRA
8/11/2020
IRS recently issued Notice 2020-54 regarding employers’ requirement to report the amount of qualified sick leave wages and qualified family leave wages paid to employees under FFCRA (P. L. No. 116-127). The reporting requirement applies notwithstanding the fact that the employer’s out-of-pocket cost is zero after the federal reimbursement via payroll tax credits.
Impact of COVID-19 on Accounting Operations Part 2: Positioning Towards the Future
8/9/2020
As cities and states begin to re-open, and businesses start to transition into a post- lockdown economy, there will be short- and medium-term challenges that will need to be addressed. If you were able to weather the early storm and ensure that the necessary accounting processes were operational in a virtual environment, you are already off to a strong start.
Impact of COVID on Accounting Operations Part 1: Immediate Actions to Take
8/9/2020
While the full effect of the pandemic is yet to be seen, companies of all sizes are contending with an economic and health challenge unlike any the United States has seen in generations. But what does this mean for your finance function? What steps should you take to manage your accounting operations throughout this global crisis?
How Businesses Can Securely Work From Home
8/4/2020
As the novel coronavirus continues to spread, many businesses are assessing how they can prioritize their employee safety and still maintain regular business operations.
WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part V
7/23/2020
Our webinar provides practical real-world scenarios to highlight key changes since the start of PPP, including current events, hot topics, potential new bills, and latest guidance on forgiveness applications. Access webinar materials here.
CARES Act Funds for Governments
7/13/2020
The CARES Act established the Coronavirus Relief Fund and appropriated $150 billion to the fund for COVID-19 related expenses for states, the District of Columbia, U.S. territories, tribal governments and local governments with populations over 500,000. Read more on the CARES Act regarding government payments from this recent BDO newsletter.
Understanding the Taxation of Telehealth
7/13/2020
Widespread implementation of telehealth has been crucial, but challenging, during the COVID-19 pandemic. As healthcare leaders continue to scale this technology, they’re also challenged with understanding the various regulations around taxation. In our latest insight, we explore how to tax telehealth appointments that cross state lines, the various types of telehealth and more.
Nonprofit Organizations: Staying Functional and Safe In the Age of Coronavirus
7/13/2020
This article is aimed at helping nonprofit organizations plan to cope with the new challenges imposed by the coronavirus pandemic from the BDO "Nonprofit Standard" newsletter. The first part of the article focuses on matters external to the organization, while the second part focuses on internal matters.
Strengthening Internal Control in the COVID-19 Environment
7/13/2020
Due to its mission-driven purpose, a nonprofit organization’s financial and operational sustainability is significantly impacted by its environment. Now NFPs are facing the challenges of dealing with the results of COVID-19. As a result, management staff are asking themselves—are the internal controls that were once effective still operating in a manner to achieve our objectives in this unprecedented time?
Reforecasting Your Budget
7/13/2020
Most organizations have an established budgeting process. Whether the entity uses a robust performance management tool or a spreadsheet, there is likely a thoughtful process to predict the next year’s revenues and expenses. This article from the BDO "Nonprofit Standard" newsletter will give tips and guidance on how organizations can reforecast their own budgets.
CARES Act Employee Retention Credit for Hospitals, Medical Groups and Healthcare Providers
7/12/2020
The CARES Act provides several incentives for hospitals and healthcare organizations. The Employee Retention Credit (ERC) is one of them and provides a refundable credit of up to $5,000 per employee to eligible employers.
IRS Updates FAQs on CARES Act Employee Retention Credits and Payroll Tax Deferrals
7/12/2020
The IRS recently updated FAQs on the Employee Retention Credit (ERC) and payroll tax deferrals under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. These provisions encourage businesses to keep employees on their payroll during the COVID-19 global pandemic.
Tax Season is (Almost) Over - Let Notice Season Begin!
7/9/2020
The IRS's local offices across the nation have been closed for over three months now. That means anything that has to physically be mailed to them during this time will just sit in the office, waiting to be opened when employees are allowed to return. What does this mean for your paper-filed returns?
AICPA Issues Accounting Guidance for PPP LendersTechnical Questions and Answers (TQA) under Section 2130
7/2/2020
PPP lenders have had many questions about how to account for these types of loans and report on their arrangements. The AICPA and its Depository Institutions Expert Panel have released several Technical Questions and Answers (TQA) under Section 2130. We've summarized the TQAs related to PPP Loans here.
Past Posts By Category
- WEBINAR: Accounting Innovation
- WEBINAR: Understanding Single Audit Requirements for the Healthcare Industry
- CARES Act Provider Relief Funds: Webinar Q&A
- WEBINAR MATERIALS: CARES Act Grants - Reporting Obligations & Latest FAQ Revisions
- WEBINAR MATERIALS: Mandatory Compliance is Here - Is Your SNF Team Ready?
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part VII
- ALLL: Do Big Banks Know Something that Community Banks Don't?
- WEBINAR MATERIALS: CARES Act Provider Relief Funds for Post-Acute & Long-Term Care Providers, Part III
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part VI
- Bank CFO Update: Comments Regarding Recent Regulatory Guidance on Loan Modifications
- Bank Directors and Executive Management: Thoughts on Strategic Planning for 2020
- Employers - Prepare to Comply with Year End Reporting Of Qualified Sick & Family Leave Wages Paid Under the FFCRA
- Impact of COVID-19 on Accounting Operations Part 2: Positioning Towards the Future
- Impact of COVID on Accounting Operations Part 1: Immediate Actions to Take
- How Businesses Can Securely Work From Home
- WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part V
- CARES Act Funds for Governments
- Understanding the Taxation of Telehealth
- Nonprofit Organizations: Staying Functional and Safe In the Age of Coronavirus
- Strengthening Internal Control in the COVID-19 Environment
- Reforecasting Your Budget
- CARES Act Employee Retention Credit for Hospitals, Medical Groups and Healthcare Providers
- IRS Updates FAQs on CARES Act Employee Retention Credits and Payroll Tax Deferrals
- Tax Season is (Almost) Over - Let Notice Season Begin!
- AICPA Issues Accounting Guidance for PPP Lenders
- View All Posts
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