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In response to concerns raised by bankers and other members of the public about regulatory burden and complexity, particularly for community banks, the Office of the Comptroller of the Currency, Federal Reserve and the Federal Deposit Insurance Corporation (collectively, the Agencies) jointly published a final rule on November 21, 2017.

The deadline for accumulating the minimum data to ensure that your organization does not receive a negative adjustment to your Medicare Part B reimbursement under MACRA in 2019 is December 31, 2017.  Starting in 2018, you will need to collect data for certain categories for the entire year to mitigate the risk of a negative payment adjustment in 2020. Are you prepared?

Today, there are almost no business operations that can function without the use of technology, whether it is the proper Enterprise Resource Management (ERM) system, Customer Relationship Management (CRM) software, Point of Sale (POS) platform, e-commerce platform, or Business Intelligence (BI) for reporting.

Beginning with the House Blueprint, released in the summer of 2016, and continuing with a number of other announcements from members of Congress and the White House, we have been provided with several plans for significant tax overhaul.

On May 28, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers, which will be codified as Accounting Standards Codification (ASC) 606 (Topic 606). The standard will eliminate recognition guidance under current U.S. Generally Accepted Accounting Principles, and replace it with a principles-based approach for determining revenue recognition. Since issuance of the ASU, FASB continues its revisions and interpretations.

Massachusetts recently issued rules that could significantly impact out of state internet vendors. Beginning October 1, 2017, Regulation 830 CMR 64H.1.7 will require online sellers that do not have a traditional “physical presence” in the Commonwealth to collect and remit sales tax if specific sales thresholds are met, and the seller had contacts with customers in Massachusetts as specified in the regulation. The regulation evidences a direction several states are taking to subject more internet vendors to sales tax.