Audits and Other Attestation Services

While our firm provides services to a broad spectrum of industries, we primarily perform audits in the healthcare, governmental, not-for-profit, and financial services industries. Our professionals have extensive experience in those industries. When we perform an audit, we are not only there to deliver an opinion, but also we use our experience to provide critical feedback to our clients on issues that we feel can benefit their companies.

In addition to financial statement audits, we provide these other following services:

  • Internal bank audits and bank director examinations
  • Pension and Profit Sharing Plan Audits
  • Reviews
  • Agreed-upon procedures engagements

Healthcare Industry

The healthcare industry is constantly evolving. The professionals of Welch, Couch & Company, PA have extensive experience in healthcare accounting and cost reporting that will enable you to stay ahead of the curve. Our firm works hard to make sure we are always responsive to any developments in the industry affecting our clients especially in the areas of Medicare and Medicaid reimbursement. While we perform audits for many of our healthcare clients, we also offer a broad array of other healthcare services.

Those services include:

  • Preparation of Medicare-Medicaid cost reports
  • Critical Access Hospital Consulting
  • Consultation on specialty services such as hospital based rehab, recoup and psych units, swing bed, home health services, skilled nursing facilities, hospice and rural health clinic operations
  • Medicare geographic reclassifications
  • Wage index adjustments
  • Disproportionate share adjustments
  • Upper Payment Limit review and consultation
  • Revenue cycle analysis
  • Feasibility studies (particularly in obtaining USDA funding)
  • Health care consulting services

Our healthcare staff has over five years of experience working for the Medicare fiscal intermediary, Arkansas Blue Cross and Blue Shield. We currently provide services to over fifty healthcare clients throughout Arkansas including hospitals, nursing homes and long-term care facilities, rural health clinics, home health agencies, and hospices.

For healthcare information contact:

William T. Couch, Jr., CPA, FHFMA
Phone: (870) 793-5231

Tax Services

Proper tax planning and preparation can work together to ensure you are minimizing your tax liabilities. We are always up-to-date on the tax laws in order to help identify opportunities for our clients. Our professionals can perform anything from small individual returns to large corporate returns with consolidation and multi-state issues.

Our tax services include planning and preparation for:

  • Individuals
  • Partnerships
  • Corporations (C&S)
  • Not-for-profit organizations
  • Estates, trusts and gift

Other tax services we offer include:

Benefit Plans – We can help our clients determine the right kind of pension and profit sharing plans for their employees that will maximize the tax advantages available to them.

IRS Representation – We also represent our clients before the IRS and other taxing authorities. The experience we have in this area allows us to properly represent our clients when the need arises.

For tax services information contact:

John Ed Welch, CPA
Phone: (870) 793-5231

Jeff D. Welch, CPA, JD
Phone: (417) 256-6624

Accounting, Bookkeeping and Payroll Services

Meaningful financial records are crucial to making strong business decisions. If you need to go outside of your organization for assistance with keeping your financial records, we can meet all of your needs.

Our services include:

  • Monthly financial statement preparations
  • Compilations
  • Payroll services
  • Vendor payment services
  • Bank reconciliations
  • Computer and accounting software consulting
  • Personal financial statements

Estate Planning

Proper estate planning not only can minimize or eliminate taxes, but also can help protect family assets and provide for the ongoing care of minor children. For business owners, estate planning can provide for continuity and the continued success of your company. We can work with you to make sure that your estate plan is current or help you devise a plan if one has not already been put in place.

Litigation Support and Expert Witness Services

Our staff includes professionals with the expertise needed to assist you and your attorney in the calculation and documentation of any potential economic loss or damage.

Consulting and Management Advisory Services

Our firm offers a variety of other consulting and advisory services including but not limited to:

  • Asset Protection
  • Forensic accounting and fraud investigations
  • Financial Forecasts and Projections
  • Cash Flow and Budgeting Analysis
  • Business entity selection and planning