Industry
IRS’s Position on Taxability of Qualified Transportation Benefits is Broad Reaching, Adversely Affecting Many Nonprofits
As expected, the IRS has clarified the interpretation of its unrelated business income (UBI) regulations and confirmed the taxation of qualified transportation benefits, whether provided directly by you, through a bona fide reimbursement arrangement, or through a compensation reduction agreement. For-profit entities are no longer able to deduct these qualified fringe benefits programs for their […]
Best Practices for Maintaining Your Charge Description Master to Maximize Revenue
AAFCPAs reminds healthcare clients of the critical impact an accurate and up-to-date Charge Description Master (CDM) can have on the organization’s revenue cycle success. The CDM is the central mechanism of the revenue cycle, and the accuracy of the data elements serves as a link between service delivery, billing, and optimal reimbursement. Missing charges, over […]
AAFCPAs Healthcare Consulting Practice Adds Reimbursement Strategist Chris Gendron
In response to unprecedented demand from our healthcare clients, AAFCPAs expands its consulting expertise by welcoming the addition of Christopher Gendron, Healthcare Consulting & Reimbursement Strategist. Chris is a highly-skilled reimbursement and healthcare IT systems professional, with proven expertise in the complexities surrounding revenue cycle processes, and systems’ capabilities to support process design changes. He […]
AAFCPAs Provides Guidance on Potential Impact of FASB’s Proposed Changes to NFP Grant and Contribution Accounting
The Financial Accounting Standards Board (FASB) met on February 14, 2018 to redeliberate the amendments in the proposed Accounting Standards Update (ASU), Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. This proposed ASU will primarily affect nonprofits that receive government or foundation grants and contracts, but […]
IRS Proposes Substantial Changes to the Use of Donor Advised Funds
On December 4, 2017 the IRS issued Notice 2017-73 providing proposed regulations under Internal Revenue Code § 4967 and requesting comments on issues involving sponsoring organizations’ Donor Advised Funds (“DAFs”). While these regulations are only being proposed at this time, Taxpayers may rely on the rules regarding fulfillment of donor pledges immediately. Public Support Test […]
AAFCPAs to Present Educational Workshop for Aspiring Board Members on Fiduciary Responsibility & How to Read Nonprofit Financial Statements
AAFCPAs’ Partners Thomas Muldoon, CPA, CGMA and Matthew Troiano, CPA will present an educational workshop on Fiduciary Responsibility of the Board & How to Read Nonprofit Financial Statements to current and aspiring board members and nonprofit leaders serving the MetroWest Boston community. This workshop, scheduled for Friday, March 9th, is organized by the Foundation for […]
New Care Management Services Billing Guidelines for Behavioral Health Providers
AAFCPAs would like to make behavioral health provider clients aware that, effective January 1, 2018, there are new billing guidelines for care management services. Billing changes for care management affect the following services: Cognitive-assessment services Psychiatric collaborative care model (CoCM) General behavioral health integration (BHI) Note: These changes do NOT affect Federal Qualified Health Centers […]
AAFCPAs to Present Three Educational Sessions at National Business Officers Association (NBOA) Conference for Independent Schools
AAFCPAs has been selected again to present educational workshops on three important topics at the National Business Officers Association’s (NBOA) 2018 Annual Meeting in Nashville, TN on March 4 – 7. This is a must-attend conference for business officers and other independent school leaders, providing exceptional professional development programming and networking opportunities for over 1,000 independent […]
New Care Management Services Billing Guidelines for Health Centers
AAFCPAs would like to make Federal Qualified Health Center (FQHC) clients aware that effective January 1, 2018, there are new billing guidelines for care management services. Care management services include the following four services: Transitional Care Management (TCM) Chronic Care Management (CCM) General Behavioral Health Integration (BHI) Psychiatric Collaborative Care Model (CoCM) FQHCs may be […]