PPP Forgiveness and Repayment: Deadline Approaching
If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready?
The health care industry is transforming like never before. Lumsden McCormick has worked closely with many hospitals, physicians’ groups, and long-term care facilities, as well as numerous nonprofit health and human service agencies, throughout New York State. From community-based home health care agencies and clinics to regional health care systems, we offer valuable insight and exceptional expertise to the rapidly changing health care industry.
Managing Risk, Improving Cash Flow
Our health care auditors and consultants will assist you to manage risk, find state reimbursement opportunities, and improve cash flow. Through our leadership in the Healthcare Financial Management Association (HFMA), our affiliation with the BDO Alliance USA, and a working knowledge of the New York State Department of Health (NYSDOH), Office of Alcoholism and Substance Abuse Services (OASAS), Office for People With Developmental Disabilities (OPWDD), Office of Mental Health (OMH), and the State Education Department (SED), we understand these increasingly regulatory environments and proactively offer practical solutions to even your most complex issues.
Our health care services include:
The accounting for leases is changing significantly. The required implementation of FASB ASC 842 will mandate that most leases are included on the balance sheet as a right-of-use asset, with a corresponding lease liability. The new standard will impact nearly all commercial businesses and nonprofit organizations and is effective for annual reporting periods beginning after December 15, 2021.Learn More
As everyone knows, the COVID-19 pandemic has had a global impact beyond health and safety concerns. With millions of Americans vaccinated, where does the economy stand and what can be expected across the Upstate region, New York State, the United States, and Canada?Learn More