We can help you set up and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.
We specialize in helping our non-profit clientele comply with complex gambling commission reporting requirements.
We can assist with your organization's reporting and filing needs including:
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Income Statement with very specific revenue and expense categories such as donations, salaries, postage, and rent.
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Balance Sheet with specific categories such as cash, accounts receivable, and accounts
payable.
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Functional Expense Statement with all the expenses allocated to either program
services, fundraising, or operations.
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Individual Program Expense Statement that reports all of the expenses for each
program or service such as seminar programs or educational mailings.
- Revenue Support Schedules that detail the organization's sources of income in specific
categories such as charitable donations, membership fees, investment income.
The IRS uses these very specific revenue and expense classifications to determine your organization's tax-exempt status. So it's important that you build your accounting system around these revenue and
expense classifications.
Services we can provide include:
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Review and compile your financial statements
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Design, install, and maintain your Accounting System
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Weekly, bi-weekly, or monthly payroll preparation
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Payroll Tax Preparation and Deposits
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Training for your accounting personnel
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Complete and file your non-profit status application
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Provide training for your board on non-profit financial statement usage and effective budgeting
practices
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Prepare and file the 990 and 990T tax forms
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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.
If you're starting a new not-for-profit organization we can help you prepare
your organization's 501 (c)(3) application for tax-exempt status.
