Matthew Burke

Lease Accounting – Business

BACKGROUND For many businesses, their largest non-labor cost is facilities. There has always been some disparity in the comparability of financial statements between companies, as some own their facilities while others rent. Several years ago, the Financial Accounting...

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...

BEWARE NEW LEASE ACCOUNTING RULES…

The accounting world is never dull, despite what outward appearances and unfair stereotypes may lead one to believe. The Financial Accounting Standards Board (FASB) continually strives to improve the transparency, usefulness, and understandability of financial...

Shuttered Venue Operators Grant

The Shuttered Venue Operators Grant (SVOG) program was established to aid venues, performing arts centers, museum operators, movie theaters, and similar organizations affected by the COVID-19 pandemic. This program includes over $16 billion to be distributed by the...

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...

News Flash! Exempt Organizations may actually have to pay income tax

UBIT. Pronounced “you-bit.” It’s one of seemingly millions of acronyms that not-for-profit organizations (let’s add another one, NFP’s) have probably heard of, but don’t know much about. It stands for unrelated business income tax, and it’s an area of the Internal...

Navigating Effectiveness

During July 2020, Charity Navigator launched the Encompass Rating System. The purpose of Encompass was to provide improved comparability of differently sized nonprofit organizations, and to provide a more comprehensive assessment of the overall effectiveness of nonprofit organizations.

2020 Financial Accounting Standards Board (FASB) Update

The Financial Accounting Standards Board (FASB) recently issued revised implementation dates for two major accounting standards changes. These major changes will undoubtedly bring challenges to private companies, smaller public companies, and nonprofit organizations...

Press Release: Cerini & Associates, LLP Strengthens its Practice Appointing Multiple Promotions

Cerini & Associates, LLP Strengthens its Practice Appointing Multiple Promotions FOR IMMEDIATE RELEASE – February 3, 2020 - Bohemia, NY– Cerini & Associates, LLP, a leading audit, tax, and business advisory firm serving the tri-state area, further expands its...

How to Compete with Large Hospital Groups

Consolidation in the healthcare industry continues unabated as national and regional hospital groups continue to increase their breadth of offerings by acquiring other groups, standalone hospitals, physician practices, home health agencies, senior living communities,...
Lease Accounting – Business

Lease Accounting – Business

BACKGROUND For many businesses, their largest non-labor cost is facilities. There has always been some disparity in the comparability of financial statements between companies, as some own their facilities while others rent. Several years ago, the Financial Accounting...

read more
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...

read more
BEWARE NEW LEASE ACCOUNTING RULES…

BEWARE NEW LEASE ACCOUNTING RULES…

The accounting world is never dull, despite what outward appearances and unfair stereotypes may lead one to believe. The Financial Accounting Standards Board (FASB) continually strives to improve the transparency, usefulness, and understandability of financial...

read more
Shuttered Venue Operators Grant

Shuttered Venue Operators Grant

The Shuttered Venue Operators Grant (SVOG) program was established to aid venues, performing arts centers, museum operators, movie theaters, and similar organizations affected by the COVID-19 pandemic. This program includes over $16 billion to be distributed by the...

read more
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...

read more
Navigating Effectiveness

Navigating Effectiveness

During July 2020, Charity Navigator launched the Encompass Rating System. The purpose of Encompass was to provide improved comparability of differently sized nonprofit organizations, and to provide a more comprehensive assessment of the overall effectiveness of nonprofit organizations.

read more
2020 Financial Accounting Standards Board (FASB) Update

2020 Financial Accounting Standards Board (FASB) Update

The Financial Accounting Standards Board (FASB) recently issued revised implementation dates for two major accounting standards changes. These major changes will undoubtedly bring challenges to private companies, smaller public companies, and nonprofit organizations...

read more