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Preparing for healthcare’s “new normal” — Managing and leading through and after the COVID-19 crisis

Managing and leading through and after the COVID-19 crisis

By Owen Dehl

It is important to have a perspective of your role in your organization: Are you managing, leading or both? In a crisis, the tendency is to manage - to get through the issue or the day. This has been essential at least in the initial phase of the COVID-19 pandemic. You have had to address patients, employees, suppliers, payers and so much more. Do you find yourself staying in this crisis mentality due to issues that constantly arise?

Physicians and Other Clinicians: CMS Flexibilities to Fight COVID-19

Since the beginning of the COVID-19 Public Health Emergency, the Trump Administration has issued an unprecedented array of temporary regulatory waivers and new rules to equip the American healthcare system with maximum flexibility to respond to the 2019 Novel Coronavirus (COVID-19) pandemic. These temporary changes will apply immediately across the entire U.S. healthcare system for the duration of the emergency declaration. The goals of these actions are to 1) expand the healthcare system workforce by removing barriers for physicians, nurses, and other clinicians to be readily hired.

COVID-19 Related Employee Retention Credits: General Information FAQs

The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. These FAQs regarding the credit was provided by the IRS; however it was not included in the IRS Bulletin, and therefore may not be relied upon as legal authority.

Coronavirus Relief Bill Contains Tax Credits for Employers

By Alistair M. Nevius, J.D.

The coronavirus relief bill signed by President Donald Trump late Wednesday contains, among its many provisions, several tax credits for employers who provide paid sick leave or family or medical leave for their employees who miss work for various coronavirus-related reasons. The Families First Coronavirus Response Act, H.R. 6201, passed the House of Representatives on Monday by unanimous consent and passed the Senate Wednesday by a vote of 90–8.

Small Business Association Application & Information

SBA released an application for borrowers to submit to their lenders when seeking loan forgiveness. This is the Form you will submit to the SBA to request loan forgiveness if you received a PPP loan, so you need to start studying it now and let me know if you have any questions. The application contains (1) application instructions; (2) the PPP Loan Forgiveness Calculation Form; (3) the PPP Schedule A;

Recent Blog Posts

In my Blog posts, I cover topics related to Accounting and Tax, Litigation Support for Medical Practices, Managed Care Contract Negotiations, Medical Practice and Healthcare Entity Valuation, Medical Practice Assessment, Medical Practice Brokerage, Medical Practice Management, and Medical Practice Merger Advice. I also cover other topics related to today's Physician Practices and other Healthcare Industry related subjects. Stop by for the latest news on these, and many other topics.

Reed Tinsley, CPA
21175 Tomball Parkway #194, Houston, TX 77070
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My firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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