Not-for-profit organizations
Nonprofit accounting services
The IRS uses 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.
Bookeeping & Auditing Services for NonProfits
Nonprofit organizations encounter distinctive accounting hurdles that often elude for-profit businesses. Fortunately, our expertise is tailored precisely to address these challenges. Navigating the complexities of taxation on non-business income and adhering to the stringent (OMB) Circular A-133 stipulations, the intricacies facing nonprofits demand specialized attention. That's where our team of not-for-profit auditors in Chicago comes in – dedicated to safeguarding your organization's financial integrity every step of the way.
These categories encompass a broad spectrum, ranging from educational institutions, advocacy groups, and religious organizations to labor unions, social welfare agencies, charitable entities, and artistic endeavors. Additionally, foundations, social clubs, business leagues, and professional or trade associations fall within this purview.
In any of these instances, our firm extends a specialized array of not-for-profit audits and bookkeeping services tailored to meet the unique demands of Chicago-based organizations operating in the nonprofit sector. Trust in our expertise to navigate the complexities of nonprofit financial management, ensuring compliance, transparency, and the sustained pursuit of your organizational objectives
Financial Integrity
Ensure transparency and compliance with expert bookkeeping and audit services tailored for nonprofits. Trust our experienced CPAs for meticulous financial oversight.
Streamlined Finances
Simplify financial management and ensure accountability with our comprehensive bookkeeping and audit services designed specifically for nonprofits.
Maximized Impact
Empower your nonprofit organization to make a difference with accurate financial reporting services. Trust our CPAs to support your mission every step of the way.
Nonprofit Compliance
Navigate complex regulations and maintain compliance effortlessly with our specialized bookkeeping and audit services tailored for nonprofits. Trust our CPAs to safeguard your organization's integrity.Tax & Accounting Services Specifically Designed for Nonprofit Organizations
Financial Statements
- Review and compile your financial statements
- Prepare and file the 990 and 990T tax forms
Payroll Services
- Weekly, bi-weekly, or monthly payroll preparation
- Payroll Tax Preparation and Deposits
Working Together
- Provide training for your accounting personnel
- Provide training for your board on non-profit financial statement usage and effective budgeting practices
Our Team Knows Your Needs
Our CPA's have experience with non-profit organizations just like yours. We are here to help ensure you fulfil your goals without the worry of leaning the finance details for the first time.Professional, efficient, and friendly. Big or small issues, they handle them all. I have been going here for years and will never go anywhere else. The Staff is phenomenal!
Nick HatcherTeddy and team are fantastic. They've handled our personal and business taxes for the last two years - in addition to accounting consulting, and they are extremely thorough, prompt, and helpful during all steps of the process.
Keka T. CobbAbsolutely stellar service! Teddy went above and beyond, navigating the complexities of both personal and business taxes with ease. Not only did he and his team save us a significant amount, but their expertise and guidance made the entire process smooth and stress-free. Highly recommend for anyone looking to maximize savings and minimize tax headaches!