Taxpayers should beware of calls and emails from scammers contacting them about the stimulus payments as a result of the newly passed CARES Act. The IRS has already noticed a great deal of new phishing schemes against taxpayers due to the COVID-19 pandemic. Taxpayers should be careful about falling for these these schemes, as it…
In just a short amount of time, COVID-19 has had an immense impact on the global economy, as well as business operations around the world. How companies stay resilient and can adapt in the face of COVID-19’s impact, will be a topic of discussion for many business leaders as new information continues to surface. Along…
On March 11, the World Health Organization (WHO) declared the coronavirus outbreak a pandemic, with numerous countries—including China, the Czech Republic, Hong Kong, Italy, Slovakia and the U.S.—announcing travel restrictions and public distancing measures. For healthcare providers in the United States—already facing financial distress—the anticipated domestic escalation of the coronavirus outbreak could have direct and…
By Ellyn Bess, Kim Flett, and Beth Garner When employees hear that their company offers a Health Savings Account (HSA), many fail to make the connection to how these tax-advantaged accounts for qualified medical expenses can help them prepare for a successful retirement. But with healthcare being one of the biggest expenses people face in retirement, HSAs can…
By Elizabeth Koelker, BS, MHA, FACHE While 2019 brought many changes to the landscape of cancer care, 2020 promises even greater disruption to business as usual. For cancer administrators and healthcare leaders, two eternal truths remain, as lifespans and the aging population continue to grow: Clinicians are diagnosing more people with cancer than ever before The cost…
By Dan Harris and Demetrios Frangiskatos Blockchain vs. DLT Though they are often used interchangeably in common parlance, blockchain and digital ledger technology (DLT) are not synonymous. Blockchain is just one form of DLT, just like Ethereum is one of many blockchain platforms. Blockchain is distinguished from other types of DLT by the way data…
The recent outbreak of coronavirus has caused governments around the world to impose travel restrictions, and airlines to cancel flights to China. These restrictions could interfere with the work of auditors, as they could have trouble completing inventory counts or other key tasks. This Wall Street Journal article by Mark Maurer discusses how several accounting firms…
By Vin Phan A 2018 survey by the Substance Abuse and Mental Health Services Administration (SAMHSA) found that approximately one in five adults (47.6 million) in the U.S. had experienced a mental illness in the past year, and 17.7 million suffered from a major depressive episode. The need for behavioral health services has accelerated significantly in the…
More than 70% of economists expect the United States to enter a recession by the end of 2021, according to an August 2019 survey by the National Association for Business Economics. At this late stage of the economic cycle, it may seem like exactly the wrong time to think about investments that would improve your…
It is that time of year again! No, not holiday season, tax planning season! As we approach year-end, it is important to be looking at ways to minimize our tax liability. Why pay more than your fair share? Below are several key items that should be considered for both individuals and for business owners. As…