The HHS Stimulus (PRF) Reporting Period 3 opened – What You Need to Know

The HHS Stimulus (PRF) Reporting Period 3 opened on 7/1/2022 and the deadline to file is 9/30/2022. Any funds received could be applied to any healthcare-related expenses during COVID-19 that were not reimbursed or due to be reimbursed by other sources (ie. SBA PPP Loan). Also, funds could be used toward lost revenues, up to the difference between 2019 and 2020 patient care revenues.

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How to Prepare for the New Leasing Standard ASC 842 Compliance

The Financial Accounting Standard Board (FASB) leasing standard (ASC 842) went into effect for privately held and non-profit organizations for fiscal years beginning after December 15, 2021.   This standard transforms the balance sheet of every organization as both leased assets and liabilities will be presented.  The standard was enacted to provide additional insights into an organization’s contingent liabilities to the users of financial statements. In efforts to lessen the impact of ASC 842 on your organization’s financial close process, there are steps you can take now.

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The Benefits of Interim Management

At KatzAbosch, we offer an interim management program as a practical solution for vacancies, planned or unexpected, to bridge an opening during the executive search process.

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