Tax Returns Preparation
We Prepares Accurate and Timely Financial Knowledge to Help Providers Manage Their Agency
COST REPORTS
The Medicare home health cost report is a document that must be filed annually by all Medicare certified home health providers.
If properly completed the report serves as a valuable bench-marking tool, allowing the data to be plugged into the agency’s management information system. This will provide critically important financial reports on a real time basis throughout the current year. This information will become especially relevant with the advent of PDGM.
ARI BILLING & ACCOUNTING is extremely cognizant of the proposed cost report changes that will further delineate costs – identifying both costs and statistics that likely will become mandated in a final revision to the cost report.
ARI BILLING & ACCOUNTING will work with the agency’s payroll vendor to review for the proper tracking and recording of hours and dollars for nursing categories, therapy assistants and any non-like kind services. In addition ARI BILLING & ACCOUNTING will advise management of required information to be gleaned from invoices submitted by outside contractors. In summary, ARI BILLING & ACCOUNTING will assess and if necessary modify the general ledger chart of accounts.
Is your current cost report preparer involved to this extent?
Tax FILLING & Returns
Outsourcing to ARI BILLING & ACCOUNTING eliminates the days of stressing over year-end reporting and minimizes the risk for potential errors, as ARI BILLING & ACCOUNTING’s CPAs provide a natural extension of their continuous, timely accounting services.
Cost Reports & Tax Returns
Outsourcing to ARI BILLING & ACCOUNTING eliminates the days of stressing over year-end reporting and minimizes the risk for potential errors, as ARI BILLING & Accounting's CPA's provide a natural extension of their continuous, timely accounting services.
The following are the year-end services ARI BILLING & ACCOUNTING will provide to your agency:
- Prepare required cost reports and supporting documentation
- Prepare agency income tax returns
- Prepare annual budget
- Monitor projected agency taxable income, owner’s tax liabilities, and estimated tax payment requirements
ARI BILLING & Accounting's year-end reporting provides agencies with required and time sensitive cost reports and tax returns. Medicare and the IRS have complex rules and regulations, therefore, it is vital that home health agencies work with industry experts to achieve accuracy and compliance with both governmental entities
We remove the burden and frustration of daily business accounting from your office