1. Begin the process early Some commercial insurance credentialing processes can take up to 120 days to complete. Start compiling all the necessary information as soon as you can to protect against potential delays and unpaid claims. 2. Attention https://deandorton.com/five-keys-to-effective-credentialing/
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Key Tax Filing Deadlines Changed
Due dates for certain tax returns for the 2017 tax filing season (returns for 2016) and beyond have been changed. The changes, based on the tax year being the calendar year, are highlighted in the chart below. Due Date Extended https://deandorton.com/tax-filing-deadlines-changed/
Accounting Software: Winning the Race in the World of Equine
What does it take to run a top-notch equine operation? Staff, space, equipment, and animals, of course. But it takes something else that you may overlook or underestimate: accounting software. Most businesses have accounting software in place https://deandorton.com/accounting-software-winning-the-race-in-the-world-of-equine/
ICD-10-CM Coding Guidelines and Changes
Attention all coders, especially in the dermatology, cardiology, and OBGYN fields. Please see the following 2017 ICD-10-CM Coding Guideline and Coding Changes: 1. Guideline I.B.19 was added after the initial publication of the 2017 ICD-10-CM:Code https://deandorton.com/icd-10-guidelines-2/
FASB Clarifies Contributions Received and Made
On August 3, 2017, the Financial Accounting Standards Board (FASB) issued an exposure draft of a proposed new Accounting Standards Update (ASU) titled Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. https://deandorton.com/fasb-clarifies-contributions-2/
Nonprofit Reminder – 2023 Changes to Indiana NP20 Filing Requirements
The Indiana Department of Revenue (DOR) has changed how nonprofit organizations file their annual report, Indiana State Form NP-20, with the agency. In 2021, legislation was passed revising the filing frequency for nonprofit organizations’ https://deandorton.com/nonprofit-reminder-2023-changes-to-indiana-np20-filing-requirements/
2018 Kentucky Small Business Tax Credits
Kentucky small businesses that add one or more employees, equipment,or technology in the past 24 months may qualify for a tax credit of up to $25,000 on their 2018 tax return through the Kentucky Small Business Tax Credit program. The program is https://deandorton.com/2018-kentucky-small-business-tax-credits-2/
Making budgets real – Spend Management to the rescue!
For any organization that uses budgets, the challenge is making budgets real. Most organizations are only aware of a budget overrun after producing Income Statements or expenditure reports. The problem with that type of reporting is that the https://deandorton.com/making-budgets-real-spend-management/
Main Street Lending Program is now operational
Earlier this week, U.S. Treasury Secretary Steven Mnuchin announced the Main Street Lending Program is now fully operational. The Program was established to provide financial support to small and medium-sized businesses affected by the COVID-19 https://deandorton.com/main-street-lending-program-is-now-operational/
Intacct Broadens Your Financials to Keep Up with Franchise Growth
With franchises, their entities can expand rapidly, from one to many, in what seems like no time at all. In addition, the systems that once worked for a single-location often can’t keep up with the needs of franchises with multiple locations, even https://deandorton.com/franchise-growth-through-intacct/