We can help you set up 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.

1. Income Statement with very general revenue and expense categories like donations, program income, program expenses, and operating expenses.

2. Balance Sheet with specific categories like cash, fixed assets, restricted and unrestricted funds.

3. Functional Expense Statement with all the expenses allocated to either program services, fundraising, or operations.

4. Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.

5. Revenue Support Schedules that detail the organization's sources of income in specific categories like charitable donations, membership fees, investment income and unrelated income.

The IRS uses these very specific revenue 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.

Here's what we can do for you...

• Work in conjunction with attorneys to prepare the legal formation documents to assure they include all provisions required by the IRS to attain non-profit status

• Prepare the application for non-profit status with the IRS

• Prepare your initial start-up documentation, including federal employee identification number (FEIN) and payroll setup with federal and state agencies.

• Design, install, and maintain your Accounting System

• Provide training for your accounting personnel

• Review and compile your financial statements

• Weekly, bi-weekly, or monthly payroll preparation

• Payroll Tax Preparation and Deposits

• Provide training for your board on non-profit financial statement usage and effective budgeting practices

• Prepare and file the appropriate 990 tax forms and state 

Churches: We prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers       

Educational Institutions: We will assist in the preparation of accreditation applications and continued qualification