Audit Requirements for Provider Relief Fund and Other HHS Programs
In response to the increased demand and need for healthcare services during the COVID-19 pandemic, the U.S. Department of Health and Human Services (HHS) provided thousands of hospitals and healthcare providers assistance through the Provider Relief Fund (PRF) program (CFDA 93.498) and other programs. In accordance with subsection 75.216 of
What if My PPP Loan Gets Audited?
Borrowers that participated in the Paycheck Protection Program (PPP) are aware there are two primary certifications that have been and will be made with respect to their PPP loan. To receive the loan, borrowers had to make a certification of need. As they apply for loan forgiveness, the certification of
Accounting & Auditing Standards Event Covers COVID-19 Considerations
Hundreds of financial professionals joined Barnes Dennig’s annual Accounting and Auditing Standards event on September 16 to gain insight into accounting considerations for the COVID-19 recovery economy. In a 90-minute session jam-packed with information, insight, and real-world examples, accounting industry thought leaders Tom Groskopf and Matt Rosen led attendees on
2020 Election | Comparing the Tax Plans of Donald Trump and Joe Biden
With the election less than 7 weeks away, we have outlined each candidate’s tax plans below. Donald Trump has not released a full second-term tax plan, but has frequently talked about taxes and what his administration would like to accomplish during a second term, which we have addressed below. Joe
Revised FFCRA Leave Regulations Issued by U.S. Department of Labor
The U.S. Department of Labor (DOL) has posted revised regulations on the Families First Coronavirus Response Act’s (FFCRA’s) paid sick leave and expanded family and medical leave provisions. These revisions are made to clarify workers’ rights and employers’ responsibilities under the FFCRA’s paid leave provisions following a ruling from the
179D Tax Benefit for Energy-Efficient Buildings
Owners of energy-efficient commercial buildings have the opportunity for potentially significant income tax breaks, based on the extension of section 179D of the Tax Cuts and Jobs Act (TJCA). The Energy-Efficient Commercial Buildings deduction 179D was part of TJCA in 2017, and was set to expire – but in December