We provide not-for-profit accounting services to leading nonprofit 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 + Co., helping not-for-profit organizations is one of the things we do best. Our dedication to serving Nonprofit organizations helps us understand their unique accounting, financial and compliance requirements. But it also provides more than that. It provides us with insight into the passions that drive our clients. And it allows us to see their challenges and opportunities, and find solutions that help them achieve lasting organizational success and make an impact in our communities.
First and foremost, our not-for-profit service / nonprofit service helps leading nonprofit 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 provide unique management advisory services and strategic planning tailored to help ensure your organization’s future. Our clients are passionate about their causes, and we are equally passionate about helping each one of them thrive.
Our services for Not-for-Profit / Nonprofit organizations include:
- Financial Statement Audits
- Agreed-upon Procedures
- Single Audits
- Internal Controls Review and Recommendations
- Technical Resource for Nonprofit Financial Reporting
- Ai Assisted Risk Assessments and Analytics
- Chart of Accounts Set-up
- Management and Board Training on Nonprofit Financial Reporting
- Form 990 and 990T Preparation
- Personal Property Return Preparation
If your not-for-profit periodically prepares internal financial statements for your board, you may have noticed that your auditors propose adjustments to these interim statements at year end. Why do auditors do this? Generally, it reflects differences due to cash...
Not-for-profit organizations may operate under the assumption that their missions and their board members’ good intentions protect them from litigation. Sometimes, this assumption is proven wrong with a lawsuit. To protect your leaders from financial exposure,...
Not-for-profit organizations are different from for-profit businesses in many vital ways. One of the most crucial differences is that under Section 501(c)(3), Sec. 501(c)(7) and other provisions, nonprofits are tax-exempt. But your tax-exempt status is fragile. If you...