Posts by Melissa Powell
Provider Relief Fund: Allowable Expenses Explained
Aprio helps clients navigate the Provider Relief Fund seas to maximize relief and minimize the headaches of documentation and reporting. By the February 15th reporting deadline, grants from $10,000 to $499,999 need to submit “summarized” reporting, while grants $500,000 and above need to provide “detailed” reporting. For deeper context into what this means watch this…
Read MoreUse of Provider Relief Funds Timing
From January 1- June 30th, you can apply the funds towards “lost revenue” inpatient care in 2021 as compared to the same period in 2019. For more context and a deeper understanding of these scenarios, Aprio’s PRF and PPP experts share their insights around PRF use of funds in this 4-minute and 10-second clip. Schedule…
Read MoreNon Compliance with the PRF Can Be Costly
The consequences of not following the HHS guidance for Provider Relief Funds use can be severe. As a cautionary tale, Aprio’s Partner of Assurance Services and PPP/ PRF Expert, Justin Elanjian, CPA shares what could go wrong if HHS guidelines are not followed. Aprio has received high marks from our clients by keeping them appraised…
Read MoreWebinar: Provider Relief Funds – What You Need to Know
HHS’s reporting portal for Provider Relief Funds (PRF) opens on January 15th and the first “use of funds” deadline is February 15th. Aprio’s information-packed PRF webinar will leave you with knowledge of the latest HHS reporting guidelines to stay in front of deadlines and ensure compliance. Topics Covered: Levels of reporting based on grant size…
Read MoreBasis, That is the Question! If Not Now, When?
The Consolidated Appropriations Act of 2020 (CAA) provided clarification and delivered welcome news for owners of pass-thru entities (S corporations and LLCs/partnerships) who have taken advantage of the CARES Act Paycheck Protection Program (PPP) loans program and anticipate their loan will be forgiven. As tax professionals, we are watching closely as this new legislation passes…
Read MoreWebinar: New PPP Forgiveness Forms-What You Need to Know
If your organization’s PPP loan was $2 million or greater, there is a new form to support your earlier need determination. Form 3509 (for-profit borrowers) and Form 3510 (nonprofit borrowers) offers a glimpse of the SBA’s audit approach. Watch Aprio experts as they share: Initial reactions to the PPP loan necessity questionnaires Insights into…
Read MorePrivate Equity Webinar Series Session 4: Insurable or Not? Representations and Warranties
Watch the webinar now as our panelists discuss how you can address transaction risk through representations and warranties insurance (RWI). Topics covered include: Current insurance company appetites for writing RWI COVID-19 specific changes in pre-existing RWI language New COVID-19 related representation requests Changes in diligence around RWI Negotiating risk for COVID-19 related losses outside of…
Read MoreAprio Welcomes Mike Cooke as Partner – Expanding Expertise and Capabilities in Birmingham, AL Market
Aprio, LLP, a nationally recognized top 50 CPA-led business advisory firm, announced today that Mike Cooke will join the firm as a partner in the firm’s Birmingham, AL office bringing with him two senior-level professionals. The addition of Cooke will broaden Aprio’s expertise and capabilities to serve real estate and construction, healthcare and nonprofit clients throughout Alabama. “I’m thrilled…
Read MoreWebinar: Unpacking the New Main Street Lending Program Loans and Expanded Eligibility Requirements
Watch the webinar now as Aprio, Synovus and Smith, Gambrell & Russell unpack the new Main Street Lending Program loans and expanded eligibility requirements. The Federal Reserve announced new guidance on Thursday, April 30, 2020, that expanded the reach of the Main Street Lending Program (MSLP) to extend support to even more small-and-medium-sized businesses. Learn…
Read MoreArizona and Ohio Cases Remind Responsible Parties of Personal Liability for Sales and Withholding Taxes
As businesses affected by COVID-19 assess whether to take advantage of state sales and payroll tax relief, recent cases serve as an important reminder that responsible individuals can be held personally liable for non-payment of these taxes. By: Jess Johannesen, SALT Manager While responsible party laws are not a new concept (refer to prior SALT…
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