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WEBINAR MATERIALS: Current Update on CARES Act PRF Reporting Instructions & Recent FAQsAndrew Kent, Esq., CVA, and Claudia Reingruber, CPA, CHC


New CARES Act Provider Relief Fund (PRF) Reporting Requirements were issued on June 11, 2021, and the PRF Reporting Portal opened on July 1, 2021. This webinar includes the new and better-defined reporting requirements, extended deadlines, expanded reporting periods, and other changes.

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2021 State & Local Tax Year-End Issues to Consider Now


State and local governments are revisiting taxpayer compliance with nexus rules and other tax policies, considering new taxes on digital services and reconsidering conformity with federal tax rules and legislation in an effort to rebuild their economies. The following is an in-depth look at five key state tax issues that taxpayers should begin considering now.

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The Sky Is Not Falling... Yet


The U.S. Bureau of Labor Statistics recently announced the continued upward trend in inflation for June 2021, with the largest month-over-month gain in the consumer price index (CPI) in 13 years. Growth in the year-over-year measure of CPI also accelerated to 5.4%, and people are running around with their hair on fire!

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Cares Act vs American Rescue Plan Act Funding


With the enactment of the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund (Coronavirus Recovery Fund) established under the American Rescue Plan Act (ARPA) on May 10, 2021, the U.S. Department of the Treasury has made available $350 Billion to state and local governments to cover the costs incurred as a result of recovery efforts related to the COVID-19 pandemic. 

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GovCon Updates of the Week Part 10


Want the latest news on the growing list of blacklisted Chinese companies, record spending on government contracts and a proposed change to the Department of Defense Federal Acquisition Regulation Supplement (DFARS)? 

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Covid-19 Implications For Presumptive Laws And Workers' Compensation


Most state workers’ compensation (WC) laws clearly state that a disease to which the general population is exposed is exempt from WC. On the surface, this exemption appears to limit the impact of COVID-19 on WC coverage. Many states, however, have “presumption laws” pertaining to occupational disease and employment.

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Asset Liability Management Modeling in a COVID-19 World


Throughout this COVID-19 pandemic, we have seen some unusual and unexpected Asset Liability Management (ALM) model results. Most notably, model results are showing lower Economic Value of Equity (EVE) values relative to base case book values than normal, created by the historically low levels of market interest rates. We have also observed cases where projected or actual asset growth rates are putting stress on regulatory capital ratios, creating a need to re-evaluate (and possibly lower) internal minimum capital target levels.

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Maximizing Value and Minimizing Risk in Your Managed Care Contract Portfolio


In the years running up to the COVID-19 pandemic, the U.S. healthcare industry was thriving with growth and innovation. With steady and growing patient volumes, broad health insurance coverage and generally adequate reimbursement and funding, the focus was largely centered around reducing the total cost of care while improving access and quality.

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The Excess Liquidity Puzzle


Liquidity: We’re up to our eyeballs in it. Over the last 12 months, financial institutions have experienced unprecedented levels of deposit growth driven by consumer and commercial government stimulus (PPP, stimulus checks, unemployment benefits, etc.), as well as elevated household savings rates resulting from stagnant economic activity and consumer flight-to-safety behavior.

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Finding Flexibility Amid COVID-19: How Nonprofits Can Scale for Success


The COVID-19 pandemic has impacted nonprofits in dramatically different ways, with some organizations scrambling to meet rapidly rising demand and others shrinking to survive the ongoing crisis. Whether an organization’s situation has been one of boom, bust or somewhere in between, scalability is a universal asset in a global pandemic.

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White House Unveils Plan to Help American Families Funded by Tax Increases on Wealthy


On April 28, 2021, the Biden administration unveiled a $1.8 trillion plan to provide assistance to middle- and low-income families that would be largely funded by tax increases on wealthy Americans. The plan is expected to be fleshed out during President Biden’s first address to a joint session of Congress scheduled for the evening of the announcement.

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Tech Leaders Worldwide Have Optimistic Outlook For 2021


Amid unanticipated crisis, technology leaders sprang into action and helped business continue across many industries. After weathering the worst of the storm, tech executives carry continued optimism into 2021, anticipating a continued surge in demand and further opportunities for growth. 

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White Paper: Manufacturing Outlook, Help Wanted2nd Quarter 2021 Insights from the Saltmarsh Manufacturing Team


This White Paper discusses the staffing challenges that manufacturers face as production ramps up as the pandemic de-escalates... As the U.S. moves closer to putting the pandemic in the rearview window, “normal” seems right around the corner for the manufacturing industry, but what does that mean? In 2018, before COVID-19 reared its ugly head, organizations like Deloitte and the Manufacturing Institute anticipated that U.S. manufacturers would face a shortage of workers through 2028.

What, if anything, has changed since then?

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Employer Tax Credit for Vaccine-Related Sick Leave


On April 21, 2021, the Internal Revenue Service (IRS) announced further details about tax credits available under the American Rescue Plan (ARP) to help small businesses, including providing paid leave for employees who receive COVID-19 vaccinations.

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GovCon Updates of the Week Part 5


Want the latest updates on the Covid-19 variants, the General Services Administration (GSA) company waivers and the Department of Veterans Affairs (VA) increased budget? 

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IRS Issues Guidance for Claiming Employee Retention Credit in 2021


The IRS on April 2, 2021, issued additional guidance for employers claiming the employee retention credit (ERC) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as modified in December 2020 by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act). The ERC is designed to help eligible businesses retain employees by offering a credit against employment taxes when qualified wages and healthcare expenses are paid during the COVID-19 pandemic.

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Five Metrics Your Construction Company Should Start Tracking Today


Keeping track of key performance indicators (KPIs) is more crucial now than it was a year ago. As businesses continue to struggle with the uncertainty of the future, it is important for management to understand its financial position. 

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CARES Act Employee Retention Credits for Nonprofit Employers


Many nonprofit organizations were forced to shutter or temporarily close their operations under a governmental order as a result of the coronavirus pandemic, while others were forced to severely limit their offerings. One way to continue to pursue your organization's objectives is to ensure that you are still able to function, even if only in a limited capacity. 

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Reingruber Alert: Recent Updates & Info for Providers


In case you missed it, here are some recent updates and information for providers about the COVID-19 national Public Health Emergency (PHE), the Medicare Sequestration Pause, the Covid-19 Funeral Assistance from FEMA and the PRF reporting portal. Learn more!

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Presentation of Covid-19 Related Federal Programs on the Schedule of Expenditures of Federal Awards


New aid provided by federal agencies in response to the COVID-19 pandemic can impact the presentation of your organization’s Schedule of Expenditures of Federal Awards (SEFA), Notes to the SEFA, and Federal Audit Clearinghouse Data Collection Form (DCF). As you prepare for your audit, it is important to understand the funding you received and identify the COVID-19 related funds separately on the SEFA provided to the auditors to support an effective audit.

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Provider Relief Funds - Reporting and Audit Requirements


When Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, it established the Provider Relief Fund (PRF) to support American families, workers and healthcare providers in the battle against COVID-19.

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The M&A Metrics Software Companies Need to Know


Software companies may be surprised by the metrics used to gauge their value and growth potential during M&A. Knowing what investors look at is core to the deal negotiation process.

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GovCon Updates of the Week Part 3


Want the latest updates on the U.S. State Department's IT modernization, President Biden's nomination of Michael Brown for the Under Secretary of Defense for Acquisition and Sustainment (A&S) and the American Jobs Plan?

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Why Manufacturers are Looking Forward to Growth


As more Americans get vaccinations and an economic recovery is within sight, manufacturers can bring lessons learned during the pandemic to accelerate growth. However, a recent BDO poll found that manufacturers are split; some are in growth mode and are focusing on product or service innovation and tech investments, while others are looking to weather the rest of the economic downturn and restructure.

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Five Ransomware Themes Keeping Directors Up at Night


Spoiler alert: If it isn’t already, cybersecurity should likely be on your board agenda at every meeting. Here are the top five takeaways from recent discussions with directors and subject matter experts at regional board roundtables. 

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