In order to setup and maintain your tax exempt status, your organization must meet very specific expense and income classifications. The IRS determines your eligibility with the following:

Yearly Income Statements – categorizing specific expense and revenue details such as donations, salaries, postage, rent, etc.

A Yearly Balance Sheet – including cash, accounts receivable and accounts payable.

Individual Program Expense Statements – detailing every expense for each program, service or seminar, including things like educational mailings.

Revenue Support Schedules – detailing charitable donations, membership fees, and investment interest.

As you can see, the way you set up your bookkeeping and accounting system is crucial to successful maintenance of non-profit status. Luckily, we can help you create the necessary bookkeeping systems and can even take care of filing the forms for you yearly.

Our non-profit services include…

• Filing of your non-profit status application, initial start-up documentation, incorporation, FEIN, and payroll setup with federal and state agencies. For new non-profits, contact us for a list of items needed to apply for 501 (c)(3) status.
• Reviewing and compilation of your financial statements.
• Design, training and maintenance for your accounting system.
• Payroll management and preparation.
• Yearly filing of the necessary IRS tax forms.
• Board training services regarding non-profit budgeting and management practices.
• For Churches, we prepare the pastoral housing allowance and other required benefit documentations.

Ready to come in for an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!