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NYS Budget, Biden Rescue Plan, and Regulatory Compliance Update

Members from The Bonadio Group’s Healthcare and Tax-Exempt Practice Groups discussed New York State’s 2021/22 adopted budget, the Biden American Rescue Plan, and various compliance reporting matters, including CFR reporting. They also reviewed the latest information available with respect to “claw backs” and “double dipping” provisions related to Federal Stimulus Funds.

The information and advice we are providing for this matter relates to COVID-19 legislative relief measures. Because legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that could modify some of the advice and information provided to you, after the conclusion of our engagement. We, therefore, make no warranties, expressed or implied, on the services provided hereunder.