Courtney McFarland
Reconciliation of Wrap Payments
AAFCPAs would like to make clients aware, effective January 1, 2022, Massachusetts Medicaid (MassHealth) launched an alternative payment methodology (APM) for Community Health Centers who are licensed as a freestanding clinic and not financially or physically an integral part of a hospital. Under the APM, there is a quarterly wrap reconciliation completed by MassHealth which […]
Clients Having Success Reassessing Employee Retention Credit
Many of AAFCPAs’ clients are having success reassessing their eligibility for the Employee Retention Tax Credit. “IRS anticipates that approximately 70%-80% of small and medium businesses (as well as tens of thousands of charities) were good candidates for taking the ERC,” according to Forbes.com. “The reality is, to date the actual numbers of businesses and […]
Watch Now: 340B Pharmacy Program Compliance
AAFCPAs’ Healthcare Practice leaders Courtney McFarland, CPA, 340B ACE and Pauline Legor, CPA, in collaboration with the Massachusetts League of Community Health Centers (The League), presented this educational 340B Drug Pricing Program Compliance webinar, recorded live on July 27, 2022. This educational webinar highlights hot topics surrounding management and compliance of 340B in-house and contract pharmacies, including: How […]
Watch Now: Reassess Eligibility for the Employee Retention Credit
AAFCPAs’ Webinar: Reassess Eligibility for the Employee Retention Credit is now available OnDemand. This webinar was recorded live on June 28th, 2022 to provide clients with guidance on this widely misunderstood tax benefit. Businesses & Charities across the Country are Failing to Take Advantage of the ERC! “IRS anticipates that approximately 70%-80% of small and […]
Courtney McFarland Earns 340B Expert Designation
AAFCPAs is pleased to announce that Partner Courtney McFarland, MSA, CPA has completed the Advanced 340B Operations Certificate Program and is now recognized as a 340B Apexus Certified Expert (ACE) in the 340B Drug Pricing Program. Courtney is highly sought-after for her 340B expertise, and was awarded the 340B ACE credential in recognition of having earned […]
Attention PPP Loan Recipients: Bulletin from the SBA
AAFCPAs would like to make clients aware of a recent bulletin issued by the Small Business Administration (SBA) affecting recipients of Paycheck Protection Program (PPP) Loans. The SBA sent this bulletin to lenders providing responses to some frequently asked questions and platform updates. While this bulletin was meant for lenders, some of the updates impact […]
PPP Payment Due Dates Approaching
AAFCPAs reminds clients who received Paycheck Protection Program (PPP) loans of the payment due dates. PPP borrowers are eligible to apply for forgiveness at any time before their loans’ maturity date (loans made before June 5, 2020 generally have a two-year maturity, while loans made on or after that date have a five-year maturity, although […]
Changes Proposed to Healthcare Privacy Rules
AAFCPAs would like to make healthcare clients aware that the Department of Health & Human Services’ Office for Civil Rights (DHHS OCR) proposed new regulations to modify the Standards for the Privacy of Individually Identifiable Health Information (Privacy Rule) under the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the Health Information Technology […]
Non-Profits Eligible for ERTC, up to $19,000 per Employee
The Consolidated Appropriations Act, 2021, signed on December 27th, 2020, is expanding eligibility for the Employee Retention Tax Credit (ERTC) by allowing those who received Paycheck Protection Program (PPP) loans to qualify. Prior to December 27, 2020, PPP loan recipients could not also file for eligible tax credits. For nonprofits, the ERTC is taken against […]