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 you are required to submit the Form 990 reporting all your organizations financial activities and any significant matters that could affect the status of tax-exempt organization.
The IRS uses these reports to determine if your organization will retain its tax-exempt status. So, it’s imperative that you build your accounting system around IRS guidelines relating tax exempt status.
Here’s what we do for you…
- Review and compile your financial statements
- Design, install, and maintain your Accounting System
- Prepare weekly, bi-weekly, or monthly payroll
- 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.
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.