Gross Mendelsohn Blog

3 Financial & Occupancy Trends Maryland Skilled Nursing Facilities Should Know [2021]

By: Jennifer Rock October 15, 2021

There were several big financial and occupancy changes in Maryland’s skilled nursing industry due to COVID-19. This is especially evident in areas like occupancy percentages, overall costs per patient day and nursing costs. In this article, we’ll discuss why these three areas changed in 2020 and what the data looks like compared to prior years.

Quick Guide: Work Opportunity Tax Credit for Employers

By: David Lanchak October 07, 2021

The Work Opportunity Tax Credit is a long-standing tax benefit that encourages employers to hire employees from ten targeted groups facing barriers to employment.

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Healthcare

Additional $25.5 Billion in Relief Funds Available for Healthcare Providers

By: David Leipnik September 27, 2021

The U.S. Department of Health & Human Services (HHS) announced on September 10, 2021, that an additional $25.5 billion in COVID-19 relief funds will be made available to healthcare providers. Here’s what healthcare providers need to know and how they can apply for the relief.

How to Apply for and Calculate PPP Loan Forgiveness

By: David Goldner July 20, 2021

The Paycheck Protection Program (PPP) is in the forgiveness stage for most businesses. Here’s an overview on how to navigate the PPP loan forgiveness process.

Beginner’s Guide: Tax Implications for Remote Employees

By: Charles Monroe July 12, 2021

Remote employees can complicate taxes for businesses. In most cases, having a remote employee creates nexus or the obligation to file tax returns and pay taxes in the local jurisdiction and/or state that an employee works.

Pay Less in Taxes When Transferring Your Family-Owned Business to the Next Generation

By: David Goldner June 22, 2021

There are many different ways a business owner can transfer a family-owned business to the next generation. Each method comes with its own set of risks and benefits, especially when it comes to tax implications associated with the transfer or sale.