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May 24, 2018
Many not-for-profit hospitals are aware of the exemptions that they may be eligible to receive on sales tax for hotel invoices, especially those in tax-exempt states. However, it’s important not only to be aware but also to monitor hotel invoices to ensure tax exemptions are correct and save money for your organization. Issues can arise on hotel invoices, and over time, hotel sales tax billed in error can add up. Hotels may inadvertently bill hospitals for sales tax. Your Accounts Payable department may not be able to distinguish the charges, as tax charges are not always easily visible or itemized […]
April 17, 2018
With another income tax season in the books, it may be time to look into the other tax liabilities to ensure compliance with all levels of the tax code. A recovery audit for taxes can reveal a variety of breakdowns in your financial processes that carry wide-reaching consequences for your organization’s cash flow. Let’s take a closer look at how your health system is susceptible to errors in tax compliance. What tax liabilities do health systems have? A non-profit health system’s sales and use tax liability vary greatly depending on the state. Some states may exempt only tax on labor, […]
