Gustavo A Viera CPA

Gustavo A Viera CPA has been offering thorough and reliable cost reporting services to Home Health Care Agencies (HHA) , Assisted Living Facilities (ALF) , Adult Day Care Centers (ADC) , Skilled Nursing Facilities (SNF) , Hospice Agencies, Renal Dialysis, Federally Qualified Health Center (FQHC) , Community Mental Health Centers (CMHC) , Physician Groups and Hospitals nationwide for over twenty five years. Gustavo A Viera CPA has filed thousands of cost reports; work with Healthcare providers to analyze costs per visit, revenue per visit, break-even points, comparing your Healthcare agency to national averages involving nursing costs, therapy costs, administrative salaries, and net income.

Each year Gustavo A Viera CPA files Medicare Cost Reports and Medicaid Cost Reports for more than 100 customers nationwide. At Gustavo A Viera CPA we understand the stress involved in properly filing cost reports and the attention to detail that must be taken in order to ensure the job has been performed successfully. If your cost report is not filed correctly, Medicare will freeze future payments until the cost report is filed correctly. Mistakes are costly; Gustavo A Viera CPA has never had a misfiled cost report.

As Accountants and CPA's we not only prepare and file your Medicare Cost Reports and Medicaid Cost Reports, we can perform all the accounting and bookkeeping services associated work with the annual financial statements required to complete the Medicare Cost Reports and Medicaid Cost Reports. We do it all in-house.

We do Medicare cost reports for:
Home Healthcare Agencies
Hospice Agencies
Skilled Nursing Facilities (SNF)
Renal Dialysis
Federally Qualified Health Center (FQHC)
Community Mental Health Centers (CMHC)
Physician Groups and Hospitals

Authority: The following Schedules are designed to meet the specific requirements of 408. 810 (8) , 408. 8065 (1) , and 400. 471, Florida Statutes which require the applicant to show anticipated provider revenue and expenditures, the basis for financing anticipated cash-flow requirements of the provider, and an applicant's access to contingency financing. All schedules must be prepared in accordance with generally accepted accounting principles (GAAP) . A Licensed Public Accountant must compile, examine, or apply agreed-upon procedures to prospective financial statements, including summaries of significant assumptions and accounting policies. An applicant will have demonstrated financial ability to operate by completing proof of financial ability to operate schedules 1-7 in conformity with the below instructions and GAAP, all relevant rules and statutes, and projections that show assets, credit, and projected revenues meet or exceed projected liabilities and expenses and Independent evidence of sufficient funds for start up, working capital & contingencies.

These forms must accompany any initial or change of ownership (CHOW) application for the following health care provider kinds:

Adult Day Care Centers (ADCC)
Health Care Clinics
Assisted Living Facilities (ALF)
Home Health Agencies
Intermediate Care Facilities for the Hospice
Developmentally Disabled (ICFDD) Skilled Nursing Facilities
Prescribed Pediatric Extended Care Center (PPEC)

Every taxpayer (company or individual) must figure taxable income on an annual accounting period called a tax year. The calendar year is the most common tax year. Other tax years are a fiscal year and a short tax year.

Each taxpayer must also use a consistent accounting method, which is a set of rules for defining when to report income and expenses. The most commonly used accounting methods are the cash method and an accrual method. Under the cash method, you generally report income in the tax year you receive it and deduct expenses in the tax year you pay them. Under an accrual method, you generally report income in the tax year you earn it, regardless of when payment is received, and deduct expenses in the tax year you incur them, regardless of when payment is made.