Oct 13, 2022 | Firm Updates, News Brief
In a rapidly changing healthcare climate, it pays to put all options on the table when considering improvements to your practice. Some of the ways you’ve traditionally done business may be holding you back. Perhaps it’s time to consider outsourcing some activities to...
Oct 13, 2022 | Firm Updates, News Brief
According to a July 2021 update by McKinsey & Company, telehealth surged in the United States to a peak in April 2020 of about 78 times higher than before the pandemic. It then dropped, stabilizing at about 13% to 17% across all specialties — which is about 38...
Aug 1, 2022 | Firm Updates, News Brief
The Financial Accounting Standards Board (FASB)’s Not-for-Profit Advisory Committee has made amendments to Accounting Standards Update (ASU) 2020-07 – Not-For-Profit Entities (Topic 958): Presentations and Disclosures by Not-For-Profit Entities for Contributed...
Aug 1, 2022 | Firm Updates, News Brief
Donations of cryptocurrency are on the rise. If your non-profit has not encountered this yet, it most likely will at some point in time. Cryptocurrency can be obtained in various ways, but a common method is transferring from one cryptocurrency “wallet” to another. If...
Aug 1, 2022 | Firm Updates, News Brief
Tax-exempt organizations have a federal income tax exemption and are not required to pay tax on exempt function income. However, in the 1950s, Unrelated Business Taxable Income (UBTI) was enacted to eliminate unfair competition between tax-exempt organizations and...
Aug 1, 2022 | Firm Updates, News Brief
While the dictionary definition of philanthropy is “the desire to promote the welfare of others, expressed especially by the generous donation of money to good causes,” millennials have modernized the word to encompass a broader meaning of helping their community...
