NONPROFIT CPA

Behind every great mission are great numbers.

Schedule a FREE 15-minute discovery call with one of our CPAs.

We're committed to supporting your nonprofit's mission.

When you’re focused on changing the world, spreadsheets and tax forms are the last things on your mind. But your board of directors needs financial reporting to make critical decisions.

We understand that nonprofit organizations have unique filing requirements and specialized regulations. Our nonprofit accountants provide tax filing, tax exemption reinstatement, and other tax services.

While you manage your nonprofit, we’ll make sure your financial information is organized and compliant.

Nonprofit Accounting

Translating financial statements into insights helps you navigate tricky situations and achieve your objectives. We use QuickBooks Online® in our accounting systems so you can access financial reports and make sound decisions.

Cash flow projections help you estimate how much money you’ll receive and spend on an annual basis. Our nonprofit accountants create data-driven projections so your nonprofit leadership staff makes sound decisions.
Your budget is an essential tool that helps your nonprofit leadership monitor annual, ongoing activities. We’ll help your nonprofit organization measure its performance using budget-to-actual reports.
In every nonprofit organization, the goal is to break even. Generating a surplus may signal to donors that their support isn’t needed. Reduced donations and contributions dramatically affect your cash flow.Our nonprofit accountants help you determine your break-even point. Then, we help you manage and monitor annual spending accordingly.

Nonprofit Bookkeeping

Though essential, great bookkeeping can take a backseat to the daily grind. If you’d rather spend your time doing what you love, we can handle your bookkeeping for you. Our nonprofit bookkeeping services record your financial information, so you can seize new opportunities.

Balance sheets (also known as a statement of financial position) track your organization’s assets and liquidity. Your balance sheet also helps you track donor restrictions, net assets, and liabilities. We’ll help you make sure your statement of financial position is accurate.

As a nonprofit, you likely refer to this as your statement of activities or your profit & loss statement. We’ll make sure your income statement is error-free and correctly classify income and expenses. This way, you can track your organization’s programs or activities over time.

Your statement of cash flows lets you document and track your used and available resources and assets over time. Working with one of our nonprofit certified public accountants help you ensure your cash flow statement is accurate.

Nonprofit Tax Services

Filing as a nonprofit is different from filing as a profit entity. Our nonprofit accountants can help you navigate tax challenges and avoid excessive penalties. We’ll help you anticipate and implement the best tax strategies to maintain your organization’s compliance.
If a nonprofit loses its exemption status, it can incur tax penalties and liabilities. We’ll help you stay on top of your nonprofit’s returns, like Form 990 or 990-T, so you don’t lose your tax-exempt status.
While possible, tax exemption reinstatement must be completed within 15 months. However, we can usually help you complete the reinstatement process within about two weeks.
We’ll help you avoid regulatory fines by ensuring you comply with IRS fundraising and lobbying regulations. We’ll help you correctly classify your organization as either a 501(c)(3), 501(c)(4), or 501(c)(6) entity.

The MBS difference

At MBS Accountancy, we LOVE technology. We use technology to streamline time-wasting tasks like receipt entry and invoice filing. Integrating technology lets us focus spotting opportunities for your business to cut expenses, grow your profits, and avoid penalties.

We like to say that we work with people, not numbers. While we’re passionate about accurate numbers and error-free balance sheets, we focus on using this financial data to help you make better business decisions.

Tax laws and regulations change. A lot. Because we automate repetitive tasks, we can stay on top of regulatory changes and industry trends and advise you on the best course of action for your business.

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Schedule a FREE 15-minute call today with one of our QuickBooks® ProAdvisors.
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