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Prevent Church Fraud with Better Internal Controls

A majority of perpetrators of church fraud are first-time offenders without a criminal history, and most are long-time employees of the church. This article gives tips on how to protect the church’s resources and improve financial oversight.

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Physician Compensation Stacking: How Much is too Much?

As physician compensation arrangements are under increasing regulatory scrutiny, organizations must make systematic efforts to understand individual components of physician contracts, determine whether overlapping services or duties exist, and more.

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Changes to GAAP Benefits Public Companies Installing Cloud-Based Technology

Under an update to the U.S. GAAP, public companies have an opportunity to spread out the costs of setting up higher cost business systems that operate on cloud technology.

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Private Company Consolidation Relief Expanded with Limited Impact on Physician Practices

Private company consolidation relief expanded with limited impact on physician practices – Under ASU 2018-17, private entities may elect to adopt an accounting alternative to not apply VIE guidance to all current and future legal entities under common control.

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ESOPs Offer Business Owners Tax-Efficient Exit Strategy

An employee stock ownership plan (ESOP) can help owners of closely held corporations who are approaching retirement age balance conflicting goals. This article talks about potential tax and other benefits of ESOPs.

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Sexual Harassment and Abuse Settlements Not Tax Deductible with NDA

Two sentences in the 2017 Tax Cuts and Jobs Act could have significant ramifications for healthcare employers when it comes to workplace sexual harassment and sexual abuse settlements.

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Controlled Foreign Corporation Regulations Under TCJA

Under the TCJA, a U.S. person, domestic corporation, partnership, trust or estate that owns at least 10 percent of the value or voting rights in one or more CFCs will be required to include this income as currently taxable income.

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OCR Audits Demystified: An OCR Audit Readiness Guide

When it comes to the OCR’s HIPAA audits, some covered… Read more »

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Accountable Plans Can Save You Taxes

This article discusses the basics of accountable plans. What are the requirements? What are the alternatives? How do you set up an accountable plan? Read this article for Accountable Plans 101.

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OCR Audit Preparation Checklist for Healthcare

The OCR HIPAA Audit program is designed to analyze processes, controls, and policies of selected covered entities and business associates. The OCR has established a comprehensive audit protocol that contains the requirements to be assessed through these performance audits.