On Dec. 27, 2020, the president signed into law the Consolidated Appropriations Act, 2021. This massive piece of legislation includes a $900 billon COVID-19 relief package that provides additional assistance for small businesses, extends unemployment insurance benefits, delivers stimulus checks to individuals, and extends and expands several existing tax provisions ..read more

We at Katz, Sapper & Miller are pleased to announce our two newest partners, Troy Hogan and Ben Lyon. Committed to helping their clients achieve their vision for their businesses, both Troy and Ben provide deep technical expertise, innovative solutions, and superior client service. In short, they exemplify KSM’s values. We are grateful to have Troy and Ben on our team and congratulate them on this outstanding achievement ..read more

There can be no doubt that 2020 has been a year codified by unrest and uncertainty. It has been a difficult year, the IRS did no favors; opining that deductions, which support Paycheck Protection Program (PPP) forgiveness, were not deductible. Fortunately, the latest round of COVID-19 relief legislation, the Consolidated Appropriations Act, 2021 , passed by Congress on Dec. 21, 2020 and expected to be quickly signed into law, reinstates the deduction which was clearly intended at the onset of the program. Furthermore, it confirms that PPP forgiveness warrants a basis increase (as tax-exempt in ..read more

The latest round of economic stimulus legislation is included within the Consolidated Appropriations Act, 2021, which was passed by Congress on Dec. 21, 2020 and is expected to be quickly signed into law. This is a massive piece of legislation that includes all manners of government funding, expansion of the Paycheck Protection Program (PPP), additional unemployment insurance benefits, and more ..read more

Several months ago, HHS announced that receiving Provider Relief Funds under the Coronavirus Aid, Relief, and Economic Security Act could impose an audit requirement for healthcare providers. Based on requirements, for-profit companies, called commercial organizations by the Department of Health and Human Services (HHS), are to include PRF in the basis for determining audit requirements. In addition, HHS has affirmatively stated that for-profit entities that meet the required threshold ($750,000 in a reporting period) will be required to have an audit completed. Now, HHS has provided more deta ..read more

During a transaction, there are a lot of moving parts: Both buyer and seller want to make sure they are getting the best possible deal, and detailed legal, financial, and operational diligence takes center stage. Oftentimes, this means the net working capital target is negotiated last. But minimizing its importance could be a critical mistake ..read more

The global outbreak of the novel coronavirus has created many challenges for buy here – pay here (BHPH) operators to navigate during 2020. They’ve had to pivot in the face of temporary closures, government regulations, and altered consumer demands in order to persevere through these difficult times. Given this extraordinary year, here are some items you should consider before turning the calendar to 2021 ..read more

We are pleased to announce our newest group of directors. Distinguished by their outstanding performance and integrity, these talented individuals provide insight and technical expertise to help their clients achieve great things. We are proud to call them our colleagues and grateful to have them on our team ..read more

With all of the twists and turns that have occurred in 2020, many hospital owners have found themselves stretched thin to keep up with busy appointment books and the demanding needs of managing a business. To help you stay as organized as possible, we’ve compiled this year-end checklist ..read more

Information security is all the 21st-century rage, and as the bad actors continue to get more adept at cybercrime, its importance increases. If your product or service is hosted in the cloud, it’s critical to understand what security is, why you’re hearing more about it from your customers, and how to leverage it offensively ..read more