Many businesses are now allowing employees great flexibility to choose their work location. A common work arrangement allows an employee to regularly work remotely (e.g., from their personal residence) and to work in the employer’s office as needed. Employers are asking whether the expenses incurred by the remote employee to travel to the office can
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Remote Employees’ Transportation and Travel to the Office: Taxable or Nontaxable?
Construction Ahead: Opportunities and Challenges in 2022
The Infrastructure Investment and Jobs Act (H.R. 3684) will inject approximately $3 trillion into upgrading and expanding U.S. infrastructure, presenting a long horizon of opportunity for the construction industry. But to what extent will ongoing supply chain disruption, labor shortages and competition for materials continue to pose challenges for developers and project owners? Investors, project
Read MoreIRS Issues Proposed Regulations that Refine Estate and Gift Tax Anti-Clawback Rule
The Treasury Department on April 26, 2022, released proposed regulations limiting the anti-clawback rule previously published on November 26, 2019. The proposed regulations – REG-118913-21 – address certain situations in which an estate could be taxed on gifts made by a donor after 2017 and before a reduction in the basic exclusion amount (BEA), wherein
Read MoreMinimizing Revenue Loss Due to Inpatient Status Downgrades
Hospital revenue reductions associated with reclassing a patient’s status from inpatient to observation based on medical necessity continue to be a growing concern for hospital providers. Employing new technologies and workflows, and ensuring interdepartmental coordination, are required to minimize revenue risk. At the same time, understanding payer contracting requirements and escalation protocols is essential in
Read MoreAre You Prepared for a 2021 Lease Audit?
Businesses have endured many unexpected changes and disruptions during the past two years, and the impact on corporate real estate and the workplace has been drastic. As your organization adapts for the future and evaluates the cost of office occupancy, you should take action now by preparing to conduct a 2021 lease audit in the
Read More4 Tips for Working with a Resource-Constrained Internal Revenue Service
Federal tax professionals working to resolve issues with the IRS can attest to the multifaceted impacts of the agency’s resource constraints on taxpayer service. The signs are evident, for example, in the long wait times for calls to be answered, tax return processing delays and increased instances of penalties being assessed against compliant taxpayers. Perhaps
Read MoreOptimize Cash Posting with Assessment and Automation
The healthcare provider revenue cycle consists of several key components, but one that often warrants a critical assessment is cash posting. In some systems, cash posting simply includes insurance and patient receipts. However, in many healthcare systems, cash posting includes other department receipts (e.g., dietary, birthing classes, sports physicals) and a number of balancing and
Read MoreThe Investor’s Dilemma: Industrial or Multifamily?
The global events of the past two years have had a profound impact on real estate, from the disruption to office real estate to the rise of secondary markets. In terms of sectors that have seen positive growth, industrial and multifamily have emerged as clear frontrunners. Multifamily owners and investors have benefited from the shift
Read MoreNavigating the Intersection of Tax and ESG
Although tax credits as subsidies have been a cornerstone catalyst for advancing many ESG policies and technologies over the last several years, tax is often forgotten or minimized in the process of creating and implementing corporate ESG and value creation strategies. Ignoring the symbiotic relationship between tax and ESG is a losing strategy, given increased
Read MoreSalary Increase Budgets Jump for Nonprofits
In the face of the “Great Resignation” and rising inflation, organizations are taking a second look at the size of their salary increase budgets. For the last decade, budgets for merit increases have hovered around 3%. Now, salary increase budgets are on the rise to levels not seen in years, according to BDO’s first-quarter 2022
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