Tax Tips For Start-Ups: Sales And Employment Withholding Tax
Tax ranks high among the many structural issues a start-up needs to consider. In her article in the Metropolitan Corporate Counsel, Alyssa Forslund, notes that even tax responsibilities that seem straightforward – such as collecting sales tax and setting up withholding for employees – can be challenging and need to be approached carefully
 
 

Nonprofit Alert: New Update from Office of the Medicaid Inspector General (OMIG) Tightens Compliance Requirements for All Organizations Reliant on Medicaid Reimbursements, 2009-11-23

New Update from Office of the Medicaid Inspector General (OMIG) Tightens Compliance Requirements for All Organizations Reliant on Medicaid Reimbursements

As of October 1, 2009, The Office of the Medicaid Inspector General (OMIG) now requires all organizations that rely on Medicaid reimbursements to ensure that all persons, providers and affiliates providing care, services or supplies under Medicaid be in good standing and eligible to receive payment.

This means you need to check your compliance policy now, and regularly,

  • Ensure your policy includes a procedure for checks of ALL employees, contractors, board members and even private physicians and pharmacies to make sure they are in good standing.
  • Make sure your compliance plan is more than just a binder on a shelf; it needs to be regularly assessed, reviewed and implemented.
If you haven’t conducted these checks, you may be putting your organization at risk.


MP&S Consulting Services

As part of its services, the MP&S Consulting Group can help conduct internal reviews and ensure that organizations comply with the new OMIG regulations now, and in the future.

The MP&S Consulting Services Group is experienced in conducting corporate compliance reviews and is adept at indentifying risk areas in need of improvement. The firm’s Consulting Services Group offers the tools and expertise that help remedy risks before they become problematic. Specifically, MP&S can perform:

  • Desk review of policies and procedures
And field reviews of:
  • Billing practices, payments and documentation
  • Service eligibility
  • Governance and training
  • Reporting and monitoring
  • Credentialing practices
  • Contracts with vendors, individuals and other BAs



Helpful Links

Below you can find some websites to include in your exclusions procedures:

 http://exclusions.oig.hhs.gov

http://omig.state.ny.us/data/content/view/72/52/

https://epls.gov




For Your Information

To discuss how Marks Paneth & Shron can help your organization or for more information on OMIG’s new requirements, please contact:

  • Eric A. Marks, MPA, MBA, Principal-in-Charge, Consulting Services, at 212.201.3244 or at emarks@markspaneth.com

  • Michael L. McNee, CPA, Partner-in-Charge, Nonprofit and Government Services, at 212.503.8954 or at mmcnee@markspaneth.com