Recent articles
CMS Final Rule Issued for Skilled Nursing Facilities for FY 2024
This article was updated October 18, 2023. The Centers for Medicare and Medicaid Services (CMS) issued its final rule updating Medicare payment policies for skilled nursing facilities (SNF) for fiscal year (FY) 2024 on July 31, 2023. These rules are effective October...
U.S. GAAP Update Training for 2023 Available Now!
Accounting updates are a necessary evil, but that doesn’t mean they have to be mind-numbingly boring! I’m happy to announce that we’ve just released our U.S. GAAP Update training for 2023 and it’s available for you to experience the GAAP Dynamics’ difference in...
7 Tips to Help Your CPA Firm Get Ahead of Tax Busy Season
Acute shortage of skilled accountants, 60-to-90-hour work weeks, and pressing deadlines for filing during tax season, sound familiar? Tax season can be overwhelming. But what if we told you that you can not only survive but thrive during this high-pressure period?...
How a 1099 Physician Pays Taxes and How It Compares to W2
Transitioning from filing taxes as an employed physician with a Form W2 to becoming a self-employed or contractor position with a Form 1099 comes with significant tax implications. While W2s are simpler and the employer, rather than the employee, is responsible for...
BDO Comment Letter – Purchased Financial Assets
ArticleChanges to the SEC’s “Names Rule” Will Affect Registered FundsOctober 5, 2023ArticleChanges to the SEC’s “Names Rule” Will Affect Registered FundsOctober 5, 2023On September 20, 2023, the SEC amended Rule 35-1 under the Investment Company Act of 1940 (the...
Prepaid Expenses Guide: Accounting, Examples, Journal Entries, and More Explained
An overview of prepaid expenses and how to account for them.