An aging population and increased need for dementia care is contributing to strong growth for Virginia’s assisted living communities and long-term care facilities.
In order to stay competitive, your facility needs to manage expenses that hinder growth, including wages, purchases, rent and utilities, depreciation, and marketing. In addition, assisted living and long-term care facilities are subject to increasing regulations which require more documentation, training, and improved staffing.
Keiter can help your senior living facility with accounting and regulation challenges so you can focus on what is most important─delivering quality care for your residents.
Accounting, Tax and Consulting Services to Support Your Facility’s Quality Care and Compliance Goals
Compliance Support
- Financial Statement Audits
- Employee Benefit Plan Audits
- Preparation of Tax Filings and Tax Compliance
- Adapting to Legislative Changes
- Unrelated Business Income (UBI) Reviews (if applicable)
- Internal Control Reviews and Risk Assessments
Advice and Insights
- Tax Savings and Planning Opportunities
- Achieving Tax Deferral through Section 1031 and 1033 Exchanges
- Maximizing Opportunities for Capital Gain Treatment
- Planning for Capitalized Costs
- Low-Income Housing Tax Credits
- Entity Selection
- Performing Cost Segregation Studies
- Structuring Partnerships
- VHDA/HUD/FHA Reporting
- Operational Analysis and Improvement
- Compensation Surveys and Opinions
- Cybersecurity
- Fraud and Financial Investigation
- Organizational Structure Evaluation
- Mergers & Acquisitions
- Valuation
- Buy/Sell Agreements
- Succession Planning
Our Clients Include:
- Continuing Care Retirement Communities
- Independent Living Communities
- Assisted Living Facilities
- Skilled Nursing/Long-term Care Facilities
- Home/Community-based Service Providers
- Hospice Services
