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Senior Living Insights
Provider Relief Reporting Requirements

Providers that receive PRF payments exceeding $10,000 in aggregate are required to report their use of funds. Download our infographic to get the key dates, guidelines, and required reporting data elements.

163(j) Safe Harbor 250

At the end of last year, Congress and the IRS brought about changes to the application of the business interest expense deduction limitation rules with regard to taxpayers that wish to make a real property trade or business (RPTOB) election. This change may benefit owners and operators of qualified residential living facilities. Here’s what we know.

RHC Modernization

We are all pressed for time these days, especially in senior living and long-term care facilities, where the pandemic has taken a toll on the health of our residents, the well-being of our employees, and the state of our finances. With so many time and financial pressures, why is the development of a labor management program an important investment of your time? Because labor management is important to the financial success of your facility.

Provider Relief Fund Portal

The long-awaited Provider Relief Fund (PRF) Reporting Portal (the Portal) opened to providers on January 15, 2021. Unfortunately, the Portal is currently only open for the registration of providers. Here is all you need to know about registering and reporting. 

Uniform Guidance

For companies and organizations that received federal funding to assist them during the COVID-19 pandemic, there have been some updates on Uniform Guidance. Here is a brief summary of those updates, audit threshold, federal funds subject to that threshold, and other pertinent information regarding the guidance.

Paycheck Protection Program

The Consolidated Appropriations Act (CAA) amended the guidance for the existing PPP and set guidelines for the next round of funding for 2021. Get a summary of the changes.

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Portland  ME  04101-1100  USA
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