Special Needs
Our Special Focus:
Your Singular Needs
Roth and Company has a unique understanding of the regulatory, compliance and funding environment of special needs organizations. In
recent years, many regulations have been revised and new requirements have been instituted.
We can help you sort through this complex morass, zeroing in on critical issues to ensure compliance at all times.
As an auditor and advisor to hundreds of organizations similar to yours, we have a singular vantage point and can help you determine the best course of action.
Roth and Company professionals are well-versed in the NYS OMIG Provider Compliance Plans (Medicaid Billing to include direct or indirect billing), Reimbursable Cost Manual (NYS Education), Limited Fiscal Review (OPWDD) and the Consolidated Fiscal Report (SED, OPWDD, OMH, OASAS, OCFS).
When planning a thorough and effective special needs audit – our specialized knowledge of reimbursement infrastructure, OPWDD Administrative Memoranda, SED-required information, cost allocation and cost reporting compliance . . . is key.
Our Risk-Based Audit Approach Encapsulates the Following:
- Understanding your internal controls in depth
- Testing of internal controls to establish whether your accounting policies and procedures are properly implemented
- Identification and assessment of key risk areas, such as revenue recognition and allocation methodologies
- Analysis of significant accounts and performance of analytical procedures to substantiate balances
- Review of financial statements to determine if they are compliant with Generally Accepted Accounting Principles (GAAP)
- Contribution of practical advice and constructive suggestions
- Benchmarking your activities against special needs best practices
Consolidated Fiscal Reporting "CFR":
Included in our services is the preparation or review of the Consolidated Fiscal Report, a critical tool used to determine tuition rates & waivers (NYSED), rate appeals & price adjustments (OPWDD), and rate setting methodologies (NYSED, OPWDD, DOH). This audited report is the basis for the review and/or disallowances of rates and costs by various NYS agencies.
We perform compensation reviews to satisfy all oversight requirements from the Internal Revenue Service, NYS Education Department and OPWDD. By utilizing information obtained from peer agencies, salary surveys and regulatory guidelines, your organization gains protection from penalties associated with excessive compensation.
We realize that you face intense scrutiny from the IRS and State. That’s why we want you to be fully prepared and knowledgeable in terms of reporting and compliance.
- Preparation and review of Forms 990, 990-T and 5500
- Representation and consultation with respect to federal and state inquiries and examinations
- Assistance with compliance and reporting issues associated with charitable giving, including deferred giving techniques, and donor-advised funds
- Establishing and maintaining tax-exempt status
- Strategic planning in conjunction with corporate structuring, including for-profit subsidiaries, partnerships and joint ventures, and limited liability companies
- Revenue-generating activities and Unrelated Business Income Tax (UBIT) considerations
- Alternative investments and their subjectivity to UBIT
Roth & Company takes pride in maintaining the highest levels of client service, and we will ensure that all of your questions are answered quickly and professionally.
Understanding YOUR Needs. Tackling YOUR Challenges