Selling or buying a business is an exciting transaction. But as with every transaction, taxes will likely play a role, and it’s best to be aware of the potential tax consequences before signing on the dotted line.
Here are some upcoming changes you should be aware of related to employee benefit plans: Congress changes Form 5500 extension date For tax years beginning after December 31, 2015, the extension for filing Form 5500 will change from 2.5 months to 3.5 months for calendar year plans. This means that
There’s no denying that 401(k) retirement plans are a popular and valued benefit for employees. From an employer’s perspective, they’re great, too: properly run and managed 401(k) plans don’t require a significant investment of time or money, making them a win-win.
The Centers for Medicare and Medicaid Services (CMS) recently issued the Calendar Year 2016 Home Health Prospective Payment System rate update via Federal Register CMS-1625-P. The release addresses payment rates, Value-Based Purchasing models for the industry and, if that wasn’t enough, added new Quality Reporting Requirements.
The Centers for Medicare and Medicaid Services (CMS) has issued an update for Calendar Year 2016 to the Payment Policies under the Physician Fee Schedule and Other Revisions to Part B in a proposed rule dated July 15, 2015 (CMS 1631-P).
Medicare has clarified its policy related to allowable pension cost for wage index purposes. This is important for providers with defined benefit plans as the timeline for requesting changes to reported wage data has changed this year and all requests are due in early September. This clarification may change the way some hospitals and health systems identify allocated pension cost.
As part of the Financial Accounting Standards Board’s (FASB) Simplification Initiative, FASB issued Accounting Standards Update (ASU) No. 2015-11 – Inventory (Topic 330) on July 22, 2015.