Tax-exempt entity accounting and taxes are complex. Entity’s board members and managers face situations that seek insight, technical knowledge, personal skills, and regulatory expertise. You entity required experienced firm who can use their resources and knowledge to add insight to the various complex financial situations that may arise within a community. We as a firm has addressed this need in our services to tax-exempt entities. Our team focuses on providing accounting and tax services for tax-exempt entities of all sizes. We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you. Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.

Income Statement, Balance Sheet, Functional Expense Statement, Individual Program Expense Statement, Revenue Support Schedules.  The IRS uses these very specific revenues and expense classifications to determine if your organization will retain its tax-exempt status. So it's imperative that you build your accounting system around these revenue and expense classifications.

What we can do for you ?

  • Review and compile your financial statements
  • Design, install and maintain your Accounting System
  • Weekly, bi-weekly, or monthly payroll preparation
  • Payroll Tax Preparation and Deposits
  • Provide training for your accounting personnel
  • Complete and file your non-profit status application
  • Provide training for your board on non-profit financial statement usage and effective budgeting practices
  • Prepare and file the 990 and 990T tax forms
  • Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.
  • Churches: We prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers.

Starting new not-for-profit organization ?

What you need?

  • Articles of Incorporation
  •  
  • Employer Identification
  • Number, By-laws of the Organization
  • Minutes of Board Meetings
  • Names, Addresses, and Resumes of Board Members
  • Names and addresses of all Active Members
  • Inventory of Assets
  • Inventory of Liabilities
  • Rent/Lease Agreements and Contracts
  • Revenue and Expense Statements

We are happy to prepare any of these items if you need help!

  • Written Reason for Formation and History of the organization.
  • Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.
  • Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets...
  • Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers...
  • Fund Raising Program Descriptions
  • IRS Processing/Filing Fee