Month: August 2021

In Case You Missed It: Brinker Simpson Provider Relief Fund Webinar 8/25

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On August 25, 2021

In Financial Resources, Webinars

If your healthcare organization received funding from the Provider Relief Fund, there are new reporting requirements and deadlines set forth by the U.S. Department of Health and Human Services and the Office of Management and Budget that you must follow.

In a webinar on Wednesday, August 25, 2021, Brinker Simpson’s Audit Manager James Trubenbach-Byrne, CPA, walked us through the nuances of the reporting portal, Single Audit implications, information toolkit, reporting workbook, and much more. Linda Scafiro, CPA, a partner at the Firm, joined James to answer questions and help address various concerns.

  • A recording of the presentation and Q&A can be viewed HERE.
… Read More

Upcoming Webinar: Navigating Provider Relief Fund Reporting

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On August 24, 2021

In Federal, Financial Resources, Webinars

If your healthcare organization received funding from the Provider Relief Fund, there are new reporting requirements and deadlines set forth by the U.S. Department of Health and Human Services and the Office of Management and Budget that you must follow.

Join us for a webinar at 2 p.m. on Wednesday, August 25, 2021. Brinker Simpson’s Audit Manager James Trubenbach-Byrne, CPA, will walk us through the nuances of the reporting portal, Single Audit implications, information toolkit, reporting workbook, and much more. Click here for Provider Relief Fund General Information and an FAQ from the U.S. Department of Health & Human Services.… Read More

Brinker Simpson COVID Relief Brief – Tuesday, August 17, 2021

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On August 17, 2021

In Uncategorized

Employee Retention Credit

The Infrastructure Investment and Jobs Act, (H.R. 3684) passed the Senate by a vote of 69–30 and now goes to the House of Representatives for consideration. The infrastructure bill would end the employee retention credit (ERC) early, making wages paid after Sept. 30, 2021, ineligible for the credit (except for wages paid by an eligible recovery startup business). Additionally, the IRS issued Notice 2021-49 Wednesday providing additional guidance regarding claiming the Employee Retention Credit (ERC) for employers who pay qualified wages after June 30, 2021, and before January 1, 2022.  Some important updates from the Notice are below:

Recovery startup businesses 

  • Are businesses that began operations after February 15, 2020, whose average annual gross receipts for a three-taxable-year period ending with the taxable year which precedes such quarter does not exceed $1,000,000, and
  • Experiences a full or partial suspension of operations due to a governmental order or experiences significant gross receipts decline.
… Read More

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