NOT-FOR-PROFIT CLIENT SERVICES
 

 

GENERAL BUSINESS SERVICES  

FINANCIAL STATEMENT SERVICES  

TAX RELATED SERVICES
 


Accounting for capital campaigns
We have advised many organizations as they progressed through the capital campaign process Ė from the initial planning, to accounting system changes and demands, to cash flow planning after the campaign has been completed.

Accounting system selection and implementation
Proper design and implementation of accounting systems can mean the difference between a successful organization and an unsuccessful one. Making sure your accounting system is operating as effectively and efficiently as possible is one of our major goals. We will work side by side with you in creating an accounting system to help you meet the vigorous and demanding needs of todayís business world.

Assistance with implementation of new accounting principles and pronouncements
We place a high priority on being aware of changes to generally accepted accounting standards. To that end we keep abreast of changes and can be available to assist your organization in the implementation of new standards as they are released.

Business consulting
We gauge our worth by the personal and business successes of our clients. We can help your organization identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your organization.

Cash flow and budgeting analysis
An organization can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your organizationís financial condition, estimate financing requirements, and track cash-flow sources and uses.

Cost allocation strategy consultation
The allocation of expenses between program and administration is a common benchmark that is often highly scrutinized. We have advised many clients as they review or update their cost allocation plan. We can help you design and implement systems to collect the necessary information in the most effective manner.

Internal control consulting
Recent events have increased public focus on internal controls. We can help your organization review its internal controls and discuss the relative strengths and weaknesses of various alternative procedures.

Financial goal setting and budgeting
Goal setting and budgeting can and should be the foundation for all sound business decisions. We can help you establish achievable goals and budgetary standards that can be measured.

QuickBooks training and support
QuickBooks can be a very useful tool if set up and used properly. We can help set up QuickBooks to meet the needs of your organization. We also offer the support necessary to make sure you get the information you need to run your organization smoothly.

Executive compensation planning
Under the new legislative rules, designing and maintaining executive compensation plans are critical to keeping your organization in compliance.

Audited financial statements
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your organizationís profitability and efficiency. Audits differ from reviews and compilations, as they are an intensive examination of your company's systems and records providing the highest level of assurance.

Reviewed financial statements
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your organizationís profitability and efficiency. Reviews differ from audits and compilations, as they are generally limited to inquiry and analytical procedures conducted to provide limited assurance.

Compiled financial statements
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your organizationís profitability and efficiency. Compilations differ from reviews and audits as they are based upon information that you provide and are primarily for internal use as no assurance is expressed.

Agreed upon procedures
If you have internal or external requirements to have specific financial procedures performed, we can provide that service to you.

Government audits
We maintain the ability to perform A-133 and other yellow-book audits. These services involve more compliance and internal control testing as compared to regular audits.

Federal, state and local tax issues
Minimizing taxes is not limited to for-profit entities or the IRS. We are able to advise you on strategies that help minimize your city and state tax exposure.

IRS representation
During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal, state and local tax agencies.

Payroll and business taxes
We provide payroll and business tax return services on a monthly, quarterly or annual basis. We also provide assistance with W-2ís and 1099ís.

Pension and profit sharing plans
Qualified retirement plans (e.g., defined contribution or defined benefit plans, Sec. 403(b) plans, Sec. 457 plans, SEPs) can provide significant tax advantages for organizations. Our qualified staff can assist you in evaluating the type of pension plan that will best serve the retirement needs of your employees.

Tax-exempt applications
We have assisted many organizations complete their initial tax-exempt application.

Tax planning
We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. By making tax planning part of your overall organization strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future tax liabilities.

Tax preparation
Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare returns for various types of entities including individuals, corporations, partnerships, trusts, estates, and not-for-profit organizations.

Unrelated business income tax
Minimizing taxes is not limited to for-profit entities. We are able to advise you on strategies that help minimize your income tax exposure. As organizations deal with economic realities, they often find new ways to generate earned revenue. It is extremely important to determine whether new activities will create any specific tax problems, such as the unrelated business income tax (UBIT) or business and occupation (B&O) tax.