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Updated Reporting Requirements for Provider Relief Funds; Revised Definition of Lost Revenue

AAFCPAs would like to make clients aware, on October 22, 2020, the U.S. Department of Health and Human Services (HHS) issued an updated Post-Payment Notice of Reporting Requirements (the Notice) relating to General and Targeted Distributions made under the Provider Relief Fund (PRF). This Notice updates the calculation of lost revenue. On September 19, 2020 […]

Chapter 257 Salary Report Due by January 15, 2021

Updated 10.21.20: The Executive Office of Health and Human Services (EOHHS) has extended the deadline for the Chapter 257 Salary Report for FY 2019 – FY 2021. Please note that the Salary Report submission date is now January 15, 2021 to coincide with the submission of the FY2020 UFRs. This report is required by Chapter […]

HHS Announces $20 Billion in New Phase 3 Provider Relief Funding

On October 1, 2020, the U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), announced $20 billion in new funding for providers on the frontlines of the Coronavirus pandemic. Under this Phase 3 General Distribution allocation, providers that have already received Provider Relief Fund (PRF) payments will be […]

AAFCPAs Shares Expertise at Providers’ Council Annual Conference

AAFCPAs will present a virtual educational workshop titled Where Do We Go From Here? Planning for an Uncertain Future Moving Forward From COVID-19 at the Providers’ Council 45th Annual Convention & Expo on Thursday, October 29 from 1PM – 2:30PM. Where Do We Go From Here? Planning for an Uncertain Future Moving Forward From COVID-19 COVID-19 […]

HHS Updates Reporting Requirements for Provider Relief Funds

On September 19, 2020, the U.S. Department of Health and Human Services (HHS) issued a Post-Payment Notice of Reporting Requirements (the Notice) relating to General and Targeted Distributions made under the Provider Relief Fund (PRF). This notice updates the initial notice issued on July 20, 2020. There are some significant changes as a result of […]

Cancelled Fundraising Events, Written Notice Requirements

On March 10, 2020 MA Governor Charlie Baker declared a state of emergency for the Commonwealth of Massachusetts in response to the spread of the Coronavirus. The Governor’s administration offered guidance to the public to limit or eliminate attendance at large gatherings. As a result, several of AAFCPAs’ nonprofit clients have made the difficult decision […]

Financial Trends in Behavioral Health Housing

There is no shortage of need for the services provided by AAFCPAs’ Behavioral Health clients who provide residential, clinical, and day services. Commercial businesses facing such opportunities would simply invest in supply to meet demand; however, the health and human services sector faces a myriad of challenges to grow, including capital financing and talent shortfalls. […]

AAFCPAs Shares Expertise at Providers’ Council Annual Conference

AAFCPAs will happily present educational workshops on two important topics at the Providers’ Council 44nd Annual Convention & Expo in Boston, MA on October 7th. Anticipate the Fraudster Auditors identify weaknesses in internal control procedures and make recommendations to management for enhanced controls to mitigate the opportunity for fraud. However, combatting fraud requires more than […]

Viewpoint: Nonprofits should stay vocal about transportation 'tax'

Viewpoint: Nonprofits should stay vocal about transportation 'tax'

Boston Business Journal | “Organizations are tax-exempt for a reason: to optimize their abilities to benefit society,” says Carla McCall, CPA, CGMA, AAFCPAs’ Co-Managing Partner. In this op-ed, Carla urges nonprofits to participate in the survey to show Congress how detrimental the original provision in the TCJA was to their mission.