Applying for and maintaining charity status may be arduous work, and you may lack the knowledge and resources necessary to complete the procedure thoroughly. This is especially true if the charity is tiny and has limited resources. It’s important for charities to make sure it has sufficient resources in place to comply with all financial reporting, and Regulatory requirements.
“A non-profit corporation is a corporation founded to carry out a philanthropic, educational, religious, literary, or scientific purpose,” according to the encyclopedia. A non-profit corporation does not have to pay federal or state income taxes on revenues earned from activities that help it achieve its goals. Because the public benefits from these groups’ operations, state tax authorities feel they are entitled to a special tax-exempt status.
It’s not about the money when you’re running a non-profit; it’s about the mission. Finding sources of financing, understanding all of the complicated tax laws that non-profits must follow, and keeping your organizations viable may be difficult. As a non-profit dedicated to doing good, we understand that generating money isn’t always your first priority, which is why we’re here to assist. Financial information and statements that are current and accurate may help non-profits plan and move forward. We can keep on top of evolving industry rules and concerns because of our existing collaboration with other non-profits.
If you’re part of a school or university organisations, we’ll work with your members and governing body to account for and submit the necessary tax forms at a reasonable cost. We can assist you with organizing and forming budgets, forecasting financial conditions, and day-to-day bookkeeping. We can provide one-time services or full-time help, depending on your financial level and level of need. Because most non-profits do not have an accountant on staff, it’s comforting to know that you’re in the hands of knowledgeable, trustworthy experts.
We’re here to assist you in making well-informed financial decisions for the benefit of your non-profit.
We at AWSM are familiar with the nuances of accounting for non-profit organisations (NPOs) or nonprofits. Monthly non-profit bookkeeping, accounting, and tax services are provided by our team of seasoned experts for non-profits of all sizes, including charities.
Our team of financial professionals will make themselves available to you anytime you want their assistance with any accounting difficulties. AWSM will assist you with financial compliance and tax requirements that may apply to your non-profit organisations. We have a thorough understanding of non-profit organisations and are kept up to date on any new laws, rules, or policies that may affect you. We can help you operate your NPO as efficiently as possible by advising you on the best financial decisions to make and ensuring openness and accountability. Our objective is to help you concentrate your efforts on accomplishing your mission.
Our main objective is to create accounting solutions and tax planning to help you save money and avoid financial difficulties. Our team of financial specialists will offer monthly financial reports to keep you, your management, and your Board of Directors up to date on costs and income, allowing you to assess your Non-Profit Organization’s performance and make any modifications.
Furthermore, we can assist you in implementing top accounting and bookkeeping software solutions, like as QuickBooks Online, to make record-keeping, financial, cash flow, and tax planning simple and effortless!
Our Consultancy Services for NPOs include
- How do you now operate your non-profit organisations and what are your objectives?
- Accounting, bookkeeping, and tax systems/procedures that you now use
- Check to see if any of your existing operating systems are costing you money and time.
- How can you save costs while still accomplishing your mission?
- Financial statements that have been audited and must be provided to your Boards of Directors
We provide accounting and financial solutions with the Non-Profit Organization sector in mind. Our team of professionals will deliver accurate, efficient, effective, and adaptable solutions so you can focus on completing your purpose and offering useful services.