Adult Care Homes
Adult Care Homes, Assisted Living Communities and Family Care Homes are faced with challenging financial issues that can impact the 'bottom line' of an organization. Chris Brady, CPA, PLLC is committed to offering dedicated, professional and personalized services to Adult Care Homes, Assisted Living Communities and Family Care Homes.
IMPORTANT INFORMATION - Adult Care Home cost reports are now required to be submitted every two years. Due dates have changed as well. The next due dates for filing cost reports are September 30, 2017 and September 30, 2019. The cost reports should be prepared based on the adult care home's latest fiscal year-end ending on or before June 30th. For example, if an adult care home has a fiscal year-end of September 30, 2018, December 31, 2018, or June 30, 2019, then the financial information and resident census data for the appropriate fiscal period would be used for the cost report due September 30, 2019.
AGREED-UPON PROCEDURES - Agreed-Upon Procedures (AUPs) are now required for all adult care homes with seven (7) or more beds. The AUP report is due when the Adult Care Home cost report is submitted.
Call Chris Brady at 919-780-5185 to learn more about these requirements and how Chris can assist you in preparing Adult Care Home cost reports.