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How to Help Future-Proof Your 2020 Provider Compensation and Production Data

Posted 3:45 PM by
COVID-19 has thrown a wrench into nearly everything in 2020. Despite the hope that the stroke of midnight on Dec. 31 will bring resounding relief, provider productivity and compensation tracking will continue to see the ghost of 2020 unless preemptive planning has taken place.
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PPP Expenses Not Deductible if Reasonable Expectation of Forgiveness Exists (Regardless of Loan Forgiveness Timing)

Posted 8:15 PM by
This week, the IRS issued Revenue Ruling 2020-27, which dictates the timing of the non-deductible nature of eligible PPP loan expenses. Many had hoped that by delaying the loan forgiveness application – and, as a result, PPP loan forgiveness – until 2021, calendar-year taxpayers could shift the non-deductible event forward a year. We now have the IRS’ position on this issue: If there is a reasonable expectation of forgiveness, borrowers are out of luck. Chalk it up as another slight against PPP borrowers who have seen the benefits of this program deteriorate through a series of twists, turns, and about-faces all year.
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2020 Indiana Manufacturing Survey: COVID-19 Special Edition

Posted 6:00 PM by
In a year of unpredictable outcomes and business projections, the manufacturing industry took a hit early in the COVID-19 pandemic but is bouncing back to end the year strong.
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KSM Presents FreightWaves 2021 FreightTech 25 Award Winners at Virtual Conference

Posted 8:30 PM by
Katz, Sapper & Miller is pleased to once again participate as the independent accounting firm in managing the voting process and reporting the results for FreightWaves Research Institute’s prestigious FreightTech 100 Award. The award recognizes the most innovative and disruptive companies in freight and highlights the key organizations which have made significant technological or economic advancements to impact the transportation space.
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New Coding Changes May Give Physicians a Raise

Posted 1:45 PM by
Every year there are changes to current procedural terminology (CPT) coding that are generally minor text revisions, clarifications, code additions, and code deletions. While important for accurate coding, these annual changes don’t typically have a significant impact on provider compensation.
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Sauder Receives Prestigious Foellinger Foundation Award

Posted 3:15 PM by
Zach Sauder has received the Foellinger Foundation’s 2020 David A. Bobilya Excellence in Nonprofit Leadership Award. The award recognizes the importance of individual board members in nonprofit organizations in four focus areas—governance, leadership, financial sustainability, and program impact.
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Did the Rules Change Again? SBA Issues New PPP Loan Necessity Questionnaire

Posted 4:35 PM by
As the Paycheck Protection Program has evolved, borrowers have become increasingly anxious as program parameters have seemingly changed mid-stride. With its recent introduction of the loan necessity questionnaires, the U.S. Small Business Administration continues to surprise borrowers with new requirements after loans have been issued.
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How Veterinary Practices Can Capture Missed Charges

Posted 8:53 PM by
Missed charges are an unfortunate fact of life at veterinary practices. Even if they have the best of intentions, few hospitals can claim a 100% capture rate. Billing mistakes are guaranteed to happen from time to time. But what makes missed charges such an insidious problem is how easy it is to underestimate the scope.
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Standards Update: 10/30/20

Posted 1:45 PM by
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP). Below are select ASUs that were recently issued.
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HHS Expands PRF Eligibility, Relaxes Fund Usage Requirements

Posted 8:30 PM by
The Department of Health and Human Services (HHS) recently issued a policy update that makes significant changes to the Provider Relief Fund program. The Oct. 22 announcement not only expands PRF eligibility to healthcare providers that were excluded from previous distributions; it relaxes reporting requirements for recipients, allowing them more flexibility in how they apply funds to lost revenue.
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