Commerce_21_03_Digital | Page 42

■ Accounting , Banking & Law

■ Accounting , Banking & Law

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UV light is proving to be an effective disinfectant .
did that by leveraging partners to address food insecurity and serve as a food distribution conduit to the community we serve .
Getty Images / iStockphoto regulatory , compliance and advisory services , we added an intense curriculum of more than 20 webinars for providers , to help them gain an understanding of Health and Human Services funding and its proper reporting . We educated the provider community on the details of the Payroll Protection Program administered through the COVID Relief Fund , and shared our knowledge base throughout the industry to help clients , associations , and vendors stay up to date on new guidance and its impacts . In many instances , we guided clients who thought they didn ’ t qualify for PPP funding to receiving the maximum available awards . As we move forward in the pandemic , in addition to our core role as consultants and educators we are working with numerous providers on strategic planning for the future . The face of healthcare will change after COVID‐19 , and those who begin to plan for these changes now will be better prepared for what comes next .
Over the last decade , healthcare groups have had to deal with sweeping legislative reforms , reductions in reimbursement and re-engineered delivery systems . Planning for change is certainly part of our clients ’ playbook Then came the pandemic . Of all the changes we try to plan for , the closing of a practice for six-to-eight weeks certainly wasn ’ t on the radar . Each of our clients is unique and requires tailored advice , but overall our recent guidance to our healthcare providers has included taking advantage of Telehealth technology , re-evaluating staff to align with the size and roles needed at this current time , leveraging stimulus programs and grants for relief provided by national , state and county programs , and maximizing tax deductions through the New Jersey ’ s Business Alternative Income Tax program . With guidance that is changing daily , we keep our clients updated on the most recent requirements . Our new normal has expanded to include helping our clients apply for and comply with the many stimulus programs and tax changes , including meeting the February 15th reporting deadline for the Provider Relief Funds .
Marcum LLP By Matthew S . Bavolack , Partner , National Healthcare Leader
Marcum immediately expanded our service model to include a robust virtual platform , including an online Coronavirus Resource Center that we updated daily . In addition to our traditional
Sax LLP By Susan E . Reed , CPA , CFP , Head , Healthcare Practice
Wiss & Company , LLP By Michael Castle , CPA , Partner