Jun 5, 2020PPP Act Amended with More Favorable TermsAs expected, the Senate passed the bipartisan Paycheck Protection Flexibility Act (the “Act”). After President Trump signs the Act,...
Jun 1, 2020The Catastrophe Related ModifierOn June 1, 2020, CMS issued instructions for using the “CR” (catastrophe related) modifier and “DR” (disaster related) condition code. 1....
Jun 1, 2020HHS Calculations for the $20 Billion in Relief FundsI recently received a copy of a letter from HHS to a provider regarding the formula HHS is using to determine how much money each...
May 23, 2020SBA Clarifies PPP Loan Forgiveness RulesThe SBA has released new guidance regarding forgiveness of the funds received under the Paycheck Protection Program (“PPP”), along with...
May 13, 2020Keeping Relief Funds: HHS Liberalizes Balance Billing1. Clarification on Not Balance Billing to Keep HHS Relief Funds. If you received and kept the HHS Relief Funds, you had to attest to...
May 6, 2020IRS Denies Tax Deduction for PPP Expenses1. IRS Disallows PPP Expense Deduction. The IRS clarified an ambiguity in the CARES Act (“the Act”) which fails to address whether you...