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Accounting for Opioid Settlement Funds in Local Governments

LSLCPAs

With the settlements with various pharmaceutical companies and distributors being finalized recently, there’s been a lot of uncertainty about what the accounting for these settlement funds looks look. The post Accounting for Opioid Settlement Funds in Local Governments appeared first on LSL CPAs.

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Will Congress Say Bah Humbug To Small Businesses?

Withum

So now Congressional leaders have departed for winter recess and will return to a full plate of financing the government when they return. In other words, as my client so eloquently pointed out, the government is asking for our company to pay them a fee for helping them research. So what can we expect in the New Year?

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Troubled NMC Health Suspected Of Faking Drug Orders

PYMNTS

Today’s Financial Times article states: “NMC allegedly used fake documents to simulate orders for pharmaceutical supplies from Neopharma, and its joint venture Nexgen, to obtain credit from banks and factoring agents that financed the fabricated sales. According to Reuters , NMC operates more than 200 facilities in the UAE.

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For Small Businesses, Cyberattacks Are Felt Long After A Data Breach

PYMNTS

In the wake of some high-profile cyberattacks on small businesses and local governments, new research suggests that the pain points of such incidents last long after systems are back up and running. Small government entities, too, are facing these risks. Small government entities, too, are facing these risks.

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U.S. Supreme Court: State Law Regulating PBMs Is Not Preempted by ERISA

ThomsonReuters

Pharmaceutical Care Mgmt. It explained that a state law has an impermissible connection with ERISA plans if it governs a central matter of plan administration or interferes with nationally uniform plan administration. Rutledge v. 2020 WL 7250098 (U.S. Available at [link]. Contributing Editors: EBIA Staff. The post U.S.

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Cognitive/AI Business Spending Expected To See Strong Growth

PYMNTS

” According to IDC, software will be the largest and fastest-growing category through the forecast period, accounting for around 40 percent of all cognitive and AI spending. Increasingly, we are seeing more local governments keeping people safe with cognitive/AI systems. percent CAGR). ”

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How Inflation and Supply Chain Disruptions Can Increase Your Business’ Tax Bill

Withum

Unfortunately, a deteriorated supply chain and increased inflation most likely will increase the tax bill for businesses that use the LIFO method of accounting. billion in taxes for the industry in 2022. The most recent proposal was introduced by Senator Sherrod Brown (D-OH) on April 28 in bipartisan bill (S.