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Finance 101 For Assisted Living Facilities and Adult Daycare Centers

Since I became involved in accounting for assisted living facilities and adult daycare centers, I have had the opportunity to learn a lot about financial management. I have had the privilege of helping dozens of clients start, grow, and sell their facility businesses, too. I’m sure that I learned most of what I know from the mistakes that I made. Tuition is what I call costly mistakes. Lessons that come with a price. Many of my clients have made mistakes, too. I see them every day. But I also get to see great ideas and best practices. In this post, I want to share with you a list of the biggest mistakes and the corresponding best practices in financial management by small and large assisted living facilities and adult daycare centers providers.

Congress Passes Payroll Tax Liability Cut and Unemployment Benefits Extension

Congress Passes Payroll Tax Liability Cut and Unemployment Benefits Extension Congress passed legislation Friday extending the payroll tax liability cut, unemployment benefits, and the “doc fix” for Medicare physician reimbursements through the remainder of the year. This will create a $100B deficit in payroll tax liability. The House approved the measure by a vote of …

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