Thought Leadership
Want updates like these sent directly to your inbox?
November 20, 2019
In 2018, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. The effective date of this ASU corresponds to the implementation of ASU 2014-09, Revenue from Contracts with Customers (Topic 606), both of which are […]
November 19, 2019
You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a taxwise way to build a nest egg. If you’re not already contributing the maximum allowed, consider increasing your contribution rate between now and year-end. Because […]
November 19, 2019
A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors, and others. This involves sending 1099-MISC forms to those whom you pay nonemployee compensation, as well as filing copies with the IRS to avoid penalties. While this task can be time-consuming, […]
November 19, 2019
Processing accounts payable transactions is one of the most significant activities in a contractor’s operations and is an essential component in managing cash flow and project budgets. Unfortunately, the accounts payable function is vulnerable to fraud by individuals inside and outside of the company, and it is becoming more common and more costly. Below are […]
November 06, 2019
Reductions to 340B Payments and Certain Provider-Based Departments and a Delay on Pricing Transparency Rules This past weekend, CMS released the final rule for CY 2020 Outpatient Prospective System (OPPS) Hospital payment that goes into effect on January 1, 2020. There were some diversions from the proposed rule as well as several policies that have […]
November 06, 2019
By Miranda Aavatsmark Make no mistake, Congress did not come together and pass any new tax laws or make other changes to the existing tax laws in 2019. Although there was much talk of “Tax Reform 2.0” and the need for a few technical corrections, it simply did not happen. However, some of the changes […]
