Insights

During several of our financial assessments at various Public Housing Authorities (PHAs), we have seen PHAs paying into Federal Unemployment (FUTA) taxes when it is not required for them to do so. The FUTA, with state unemployment systems, provides payments of unemployment compensation to workers who have lost their jobs. Most employers pay both a federal and a state unemployment tax.

Companies sustain more annual growth when they are guided by data-driven insights.

To combat the ever-growing global cyber-attacks in both the public and private sectors, the cybersecurity marketplace has expanded to $100 billion in annual purchases of software, hardware, and related cybersecurity professional services.

Harnessing the 80/20 Mindset

Finance and accounting managers at growing firms know that improving process efficiency is essential for keeping up with increasing workflows.

Special focus: The cyber threats to healthcare.

HUD recently published Accounting Brief #25, which explains the accounting and reporting requirements for the Mainstream Voucher program. This brief applies to all Mainstream vouchers, regardless of when the vouchers were awarded.

HUD has issued updated guidance on the Rate Reduction Incentive. PIH 2019-24 explains that the Rate Reduction Incentive in Public Housing (RRI) provides an opportunity for a PHA to share 50% of the savings from special actions undertaken by the agency to reduce utility rates.

Part 3: Fortify Your Digital Backbone