Not-For-Profit Accounting Services
We provide accounting services for Not-For-Profit organizations.
Many accounting firms dabble in not-for-profit accounting services. They may consider it an hour filler or a solution to off season staffing problems. At Squire, Lemkin + Company, in many ways we consider ourselves a not-for-profit accounting firm and helping not-for-profit organizations with their accounting needs is what we do best. It’s what we do most. And it’s what we truly enjoy. Our dedication to serving charitable organizations helps us understand their unique accounting, financial and compliance requirements.
Taxes are an important, though often overlooked area for not-for-profits. While many not-for-profits are exempt from federal income tax, there are other kinds of taxes which still apply to their operations. We help leading not-for-profits understand and comply with relevant local, state, and federal tax laws.
First and foremost, our not-for-profit service helps leading greater Washington D.C. and Baltimore area organizations comply with all the state and federal tax and regulatory requirements that come along with their tax-exempt status. But we don’t stop there. We also help clients comply with all relevant taxing requirements while minimizing tax liabilities whenever possible.
Our tax services for Not-for-Profit organizations include:
- Form 990 Preparation
- Sales Tax Compliance
- Application for Exempt Status
- Federal and State Compliance Services
- Unrelated Business Income Tax Issues
- For-Profit Subsidiary Structures
- Private Foundation Status
- Executive and Other Compensation Related Matters
- Employment Taxes
Related Blogs
Nonprofits: Navigate COVID-19 obstacles with virtual board meetings
The novel coronavirus (COVID-19) pandemic has forced many of us to work differently — whether it’s isolated at home or in-person wearing facial masks and other protective gear. Even if your not-for-profit’s board of directors usually meets in person, current events...
Here’s how to handle gifts in kind and donated services
As unemployment and financial insecurity become widespread during the novel coronavirus (COVID-19) crisis, many not-for-profit donors find themselves unable to provide monetary support to favorite charities. Instead, your organization may receive offers of gifts in...
Donor care during the COVID-19 pandemic
One of the many challenges of operating a not-for-profit organization during the coronavirus (COVID-19) pandemic is that just when you desperately need financial support, many donors are unable to help. Widespread unemployment, stock market volatility and general...
Key Contact
Tracy M. Morey, CPA
Partner
Email Tracy