Category: Closely-Held Business Industry

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Partnership Basis Reporting Changes

In September 2019, the IRS released a draft 2019 Form 1065 and Schedule K-1 with their respective instructions, suggesting that partnership capital accounts would have to report on the tax […]

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Getting Started with Robotic Process Automation

The business information technology landscape has seen many changes and developments over the last 50 years, since a large accounting firm implemented the first business application (payroll) at GE Appliance […]

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Be “Sale Ready” and Maximize Value

Business owners devote their lives to the successful growth of their companies and what is likely the most significant asset to support their retirement. Yet, in the final stages of […]

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Is now the time to sell?

Consider the 4 P’s of a Successful Transition Process There’s a well-known saying, “A rising tide lifts all boats,” suggesting as improvements in the general economy occur so will the […]

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Community Benefit Reporting Remains in the Spotlight: What Tax-Exempt Hospitals Should Know

Tax-exempt hospitals continue to face increasing scrutiny from lawmakers, regulators, researchers, and the public regarding how they demonstrate the value they provide to their communities. Recent federal legislative activity and […]

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Close-up of a doctor's hand holding a stethoscope against a blurred clinical background, illustrating hospital leadership and Medicare geographic reclassification services.

Medicare Geographic Reclassification: Eligibility, Deadlines, and Wage Index Impact for Hospitals

Written by Christopher Hemans, CHCRS, Manager Every year, billions of dollars hinge on a little-known process known as Medicare geo-reclassification. For hospitals, the difference between thriving and struggling can come […]

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Medicare Cost Report Worksheet S-12

Medicare Cost Report Worksheet S-12: Getting Prepared for the New Requirement

Beginning with cost reporting periods ending on or after January 1, 2026, many acute care hospitals will face a new Medicare cost reporting requirement: Worksheet S-12. For the first time, […]

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