Non-PROFIT Organizations
Protect Your Tax-Exempt Status
Non-profit organizations rely on their tax exempt status to do good work. SD Accounting will help you detect any potential compliance issues before your documents make it to the desk of the IRS. Our expert accounting specialists provide account reconciliations and financial planning services to help you remain compliant.
Protect Your Tax-Exempt Status
Non-profit organizations rely on their tax exempt status to do good work. SD Accounting will help you detect any potential compliance issues before your documents make it to the desk of the IRS. Our expert accounting specialists provide account reconciliations and financial planning services to help you remain compliant.
We Are Non-Profit Experts
Non-profits have different accounting needs, depending on their location. In California, non-profit groups have to submit monthly forms to various departments of the state, such as the California Franchise Tax Board, California Secretary of State, the Attorney General’s office, and the federal government.
This could be time-consuming if you don’t have an accountant on staff. With new revenue recognition standards implemented as of late, it is important to have a certified personal accountant by your side to ensure you’re complying with these new guidelines.
We can help you prepare your filings with the following:
Statement of Activity
We’ll help you examine all your income and expenses during the past accounting period, especially those relating to your fundraising endeavors and operations.
Balance Sheet
Your balance sheet provides a picture of your assets and liabilities to determine your organization’s net worth. We’ll work with you to make sure that every possession under your non-profit organization’s name is accounted for.
Cash Flow Statement
SD Accounting will look at individual records of your cash flow for your operating, financing and investing activities.
Functional Expenses
We’ll go through a detailed list of your expenses, as categorized in different types (i.e. program, management, general and fundraising).
Notes For Financial Statement
We’ll elaborate on your financial data to provide you with a broad view of your annual earnings and losses.
Don’t Be That Non-Profit
There are 29 classifications for not-for-profits, according to IRS Publication 557. From educational institutions to fraternal societies, certain groups could qualify for tax exemptions.
Problems arise when organizations are incorrectly classified by their accountants. When a company is categorized under a different group, it is highly probably that wrong forms were filed on their behalf.
Too many non-profits that experienced this grave accounting error are suffering the consequences with having their tax-exempt status revoked. Incomplete disclosures are also another complex matter that require the scrupulous eye of an expert non-profit accountant.
How We Can Help
Outsourcing your accounting and tax preparation requirements will save your organization thousands in manpower costs. SD Accounting will assign a point person to handle your accounts who will see through your filing from start to finish.
Step 1
Consultation and Set-Up
Your SD Accounting representative will help you set up your account on our system. We’ll schedule an appointment to discuss your non-profit organization’s specific requirements. We will ask you a series of questions relating to your financial situation and goals, in order to determine the best way to move forward.
Step 2
Review and Analysis
Taking into account all the statements you’ve shared through our secure platform, we’ll conduct an extensive review of your transactions and filings.
Step 3
Reporting & Submission
Once we’ve finalized a review of your non-profit organization’s statements, we’ll prepare all your forms, including your 990 form, and submit them to the IRS. In some cases, an external audit may be needed, especially if you run a large organization. We work with an independent group of accomplished CPAs who we can recommend to perform your independent audit.
Maximize Your Resources
Today’s economic environment has highlighted the need for non-profit organizations to be mindful of how to allocate funds for projects. As your operations rely on other people’s generosity, it’s no surprise that non-profits had to make sure that the donations and grants you receive are well-spent.
This is why accountants are invaluable to non-profits like yours. SD Accounting employs certified, professional accountants that can perform a review of your financial statements and internal controls to help you save on costs and mitigate risks.
With SD Accounting, you can reach more people with your good deeds by saving time and money. Hire a certified tax specialist in San Diego today so you can promote your advocacies to more people who need it.
Benefits of Working With Us:
- Ensure that your financial statements are presented well to potential patrons.
- Convenience: Simply upload your records online and we’ll take care of the rest.
- Discover accounting mistakes before they compromise your tax-exempt status.
- Prevent incidents of fraud and embezzlement.
- Streamline your governance operating model.
- Improve control of your cash flow.
- Timely bill payment and payroll filing.
- Increase operational efficiency.
- Lower your vendor-related expenses.
- Make informed financial decisions to benefit the future of your organization.
Our clients know we give 110% to to help them succeed.
Let us know how we can help you.
Our clients know we give 110% to to help them succeed.
Let us know how we can help you.
Contact Us
Let us know how we can help you