CPA for Nonprofit Audit Firm
We understand the “business” end of your nonprofit organization. Our partners have served on numerous boards of nonprofit entities. We have also directed internal business operations for a variety of nonprofits. Our experience as a nonprofit audit firm and nonprofit audit services varies from religious organizations through federally qualified health centers (FQHC), museums, clinics, transitional housing, and support facilities.
The first step may be to have us help you make sure you are a tax-exempt organization, and help you understand the term nonprofit. See our blog Nonprofit Organization Need to Make a Profit? because the term nonprofit actually refers to the purpose of the organization.
Nonprofit Accounting Tax Services
We help organizations like yours, increase productivity through automation, integration, and user-defined workflows. O&S will drive the process to develop a fully integrated solution to meet your needs in order to achieve your organization’s vision and mission for growth and success!
Nonprofit Development Related Services
To help our nonprofit clients create their all-important revenue streams, we have established charitable giving programs, and created sophisticated financial analysis procedures to measure the performance against fundraising goals. We have also counseled our clients on how to develop internal control procedures to manage these tasks.
We would be happy to assist you in growing your nonprofit “business.”
Nonprofit Assurance Services
Below is a list of nonprofit services that we can deliver with confidence. We have many years of experience with Uniform Guidance and governmental accounting principals that apply in this industry.
- Financial statement audits, reviews, and compilations
- Single audits under OMB Uniform Guidance
- Yellow Book Audits
- Agreed-upon procedures
- Attestation engagements
- Accounting system setup
- Budgets and cash flow projections
- Business and strategic planning
- Evaluation of internal control systems
- System reviews
- Operations consulting
- Pension planning
- Process improvement recommendations
- Contribution management
- Charitable remainder trusts advisement
- Attendance at finance committee and board meetings
- Fraud investigation, prevention, and evaluation
- Training of in-house staff
- Preparing policy and procedure manuals
- Providing external controller and CFO support
- Bank statement reconciliations
- Annual report preparation assistance
Nonprofit Tax Filing Services
- IRS (Exempt from Income Tax) Form 990 preparation
- Unrelated business income tax
- State excise taxes
- Property tax exemptions
- State sales tax issues
Through the causes they support and the people they help, nonprofit entities create livable communities for our society. Through our development-related, assurance, business consulting, and nonprofit tax services, we hope to make your local nonprofit organizations successful and gratifying for their founders, employees, volunteers, and supporters.
Websites that may be helpful to your organization:
PPP Forgiveness & The Nonprofit Double Dipping Dilemma
As borrowers near the end of their 24-week covered period and prepare to apply for PPP forgiveness, many nonprofit organizations face the issue of double dipping, or being reimbursed for the same expense twice by government agencies. A surprise to many is that the PPP guidance does not actually address double-dipping. Federal cost principles, detailed […]
Five Keys to Improving the Close Process for Nonprofits
the right nonprofit financial management team and reporting solution can be a critical driver of efficiency and visibility; the wrong solution can be a critical roadblock to strategic improvement. In accordance to “Close the Books” Survey Results – 2020 Edition, by Sage Interact and our extensive experience with nonprofit outsourced accounting services, here are the […]
Nonprofit CFOs Agree – Cloud Financials Key in Running a Nonprofit Today
In the mission-driven nonprofit world. accounting and financial management can sometimes slip down the priority list. it’s not always easy to allocate budget dollars to back office infrastructure that doesn’t directly support the nonprofit agenda, and it’s even harder to find the time and expertise to make it all work. Consider some of the obstacles […]