The Consolidated Fiscal Reporting System (CFRS) will be moving from a desktop application to a web-based application. For SED providers not already in the SMS system, the executive director of your agency should have received an e-mail from NYS ITS containing...

If you’re like us, you have certain TV shows that you are totally invested in and can’t wait until the next episode comes out.  Unless you are a masochist, that is probably not the case with respect to the weekly regulation updates coming out from DOH on the...

For those of you who filed for a Paycheck Protection Program (PPP) Loan, you remember the early days of the application process were marked by conflicting information, short deadlines, potential exposure, and more.   As time went by, the regulations loosened up and...

On Friday, August 19, 2022, NYS did a townhall regarding the Healthcare Worker Bonus (HWB).  A recording of the webinar can be found here and a copy of the presentation from the NYS DOH can be found here.  There were several technical issues with the webinar which...

If you have been following the stock market, you know that the stock market is having one of its worst years in more than 50 years. With portfolios heading down, many nonprofit organizations are seeing declines in their investments and endowments, which could open up certain concerns from both an accounting and a legal perspective.

Nonprofit organizations are misunderstood for many reasons. one of which is inherent to their predominant label: “nonprofit.” The word simply refers to an organization without profits, which is not entirely accurate. A clearer general term for a member of this sector would be “tax exempt organization,” since the organization would be exempt from paying income taxes.

Budgeting for all businesses, including not-for-profits, can be a daunting task even with all economic conditions being ideal. The personnel responsible for the fiscal task of creating and monitoring an organization’s budget often spend a significant amount of time...

*Information as of August 17, 2022* Ken Cerini, Managing Partner and Edward McWilliams, Tax Partner of Cerini & Associates, LLP gave a background of the Healthcare Worker Bonus and answered participant questions. General Program Background:- Healthcare Worker...

IT and Cybersecurity Concerns Cerini Short In this Cerini Short, Shari Diamond, CIA, Partner explains the importance of cybersecurity and introduces our IT Guidebook.

Internal Controls Cerini Short In this Cerini Short, Nicholle Mezier, CPA, Manager explains Internal Controls. WHAT ARE INTERNAL CONTROLS? WHY DO WE NEED THEM? Internal controls are one of the most essential elements within any organization. Internal controls are put...