ABOUT THE WEBINAR:
The CARES Act’s $100 billion provider relief fund has certainly helped those on the front lines of COVID-19. Yet it also raises questions about how the money can be used, which expenses qualify, reporting requirements, and whether funds should be returned if they’re not needed.
Jay Hutto, CPA and partner at James Moore & Company, will address these concerns and more in this presentation. He’ll discuss the HHS restrictions, what we know and don’t know regarding reporting requirements on provider relief, as well as the importance of having detailed supporting information available for a possible audit. Areas to be covered include:
· How payment amounts are determined, approved or rejected
· The terms and conditions of the payment
· What we know and don’t know regarding reporting requirements for payments, lost revenue and expenses
· Tax implications
· Revenue recognition for payments
· … and more!
ABOUT THE SPEAKER:
Jay Hutto, CPA – Partner, James Moore & Co.
Jay has over 25 years of experience providing a wide range of accounting services. The leader of the firm’s Healthcare Services Team, his work includes tax services, revenue cycle enhancement, business valuations, auditing and assurance, and more.