Healthcare

Healthcare Worker Bonus Update

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...

Q&A on Healthcare Worker Bonus Program

*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...

Internal Controls – Cerini Short

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...

Internal Controls: The 5 Components

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 in place to enable organizations to achieve their goals and missions.

Taxation of New York State Healthcare Worker Bonuses

Included as part of the 2022/23 budget for New York State was a provision allowing for Healthcare Worker Bonuses of up to $3,000 per employee (see details here). The regulations and program portal were released on August 3, 2022. One of the crucial questions regarding...

Taxation of NYS Healthcare Worker Bonus – Cerini Short

Taxation of NYS Healthcare Worker Bonus Cerini Short In this Cerini Short, Edward McWilliams, CPA, Partner talks about the Taxation of the NYS Healthcare Worker Bonus. Included as part of the 2022/23 budget for New York State was a provision allowing for Healthcare...

Bonus for NYS Healthcare Workers – Cerini Short

Bonus for NYS Healthcare Workers Cerini Short We have been hearing for months about New York State making certain bonuses available to direct healthcare workers of up to $3,000 each. Governor Hochul allocated $1.2 billion from the State's 2022/23 budget for the...

Bonus for NYS Healthcare Workers

Governor Hochul allocated $1.2 billion from the State’s 2022/23 budget for the Healthcare Worker Bonus program (“HWB”) and the State has finally released the regulations surrounding these bonuses.

Guest Article: Retiree Health Insurance Follow Up

The 25th issue of the Lesson Plan featured an article on how school districts can save money by having the retirees subscribe to a different health insurance product. According to the Bureau of Labor Statistics (BLS), employees in the age categories 55 to 64 and age...

You May Need to Establish a Pension Plan for Your Staff

New regulations at both the NY City and NY State levels may now require employers, including physician practices, to establish a pension plan for the benefit of their employees. Summary – NY City Regulations On May 11, 2021, New York City Mayor De Blasio signed into...
You May Need to Establish a Pension Plan for Your Staff

You May Need to Establish a Pension Plan for Your Staff

New regulations at both the NY City and NY State levels may now require employers, including physician practices, to establish a pension plan for the benefit of their employees. Summary – NY City Regulations On May 11, 2021, New York City Mayor De Blasio signed into...

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MEGA-SIZED NEW HEALTHCARE ENTRANTS

MEGA-SIZED NEW HEALTHCARE ENTRANTS

Money attracts more money. It’s no secret. It should come as no surprise then that the $4.1 trillion (yes, trillion) American healthcare industry is now in the crosshairs of the world’s largest and most profitable companies, each of whose stock is worth north of $1...

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Trends Impacting Business

Trends Impacting Business

The COVID-19 pandemic continues to be a devastating event that is transforming the world in many ways. One of the most transformed areas, especially in the United States, is the business world. Every single sector that conducts business in the United States, no matter...

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New HHS Guidance and Funding

New HHS Guidance and Funding

Between last year and the beginning of this year, the US Department of Health & Human Services (HHS) issued three rounds of Provider Relief Funds (PRF) to assist healthcare providers that were negatively impacted by the COVID Pandemic. These funds were to cover...

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Health Care Trends

Health Care Trends

I don’t know about you, but I feel like the last year has been somewhat of a blur.  There have been a constant flow of regulatory changes impacting healthcare providers (safety protocols, office closures), a myriad of financial support and acronyms to learn (PPP,...

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Why Reviews and Ratings Should Matter

Why Reviews and Ratings Should Matter

Finding Doctors Before vs Now: Remember when you had to rely on prospective patients skimming through the Yellow Pages to find your practice? Before technology changed the way people do research, they used to rely upon telephone books, word-of-mouth, and referrals...

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PROVIDER RELIEF FUND COMPLIANCE

PROVIDER RELIEF FUND COMPLIANCE

In the midst of the COVID-19 pandemic, through the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Paycheck Protection Program and Health Care Enhancement Act (PPPCHE), the federal government allocated $178 billion in payments to be distributed...

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GIFTS IN KIND – NEW RULES

GIFTS IN KIND – NEW RULES

Many nonprofit organizations rely not just on donations of cash and stock, but also on the donation of in-kind contributions. Food pantries see a large portion of their donations in the form of food, around the holidays toys and gift cards are high on the list, and...

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