Services for Nonprofits
When so many
people are counting on you . . . count on Squire and Company.
Squire and Company is proud to have served many nonprofit organizations
over the years. So we recognize the unique challenges your organization
faces daily, such as compliance, assurance, specialized nonprofit tax
issues, budget preparation and funding for expansion of services.
It takes a CPA and business consulting firm like Squire and Company to
understand the changing regulations and help you combat increasing
competition among organizations for the same funding dollars. Through our
objective advice, we help you face the challenges and opportunities of
today and those that will impact your operations tomorrow.
A Firmwide Commitment to You
Our in-depth experience in dealing with nonprofit organizations gives us a
unique perspective. And our staff meets the continuing professional
education requirements of Government Auditing Standards, which assures we
are up-to-date on compliance issues.
Think of Squire and Company not just as an accounting firm, but as a
group of consultants whose objective point of view can help you build cash
reserves and develop effective programs to provide funding for mission
expansion or major expenditures.
Assurance Services
A full financial opinion audit is the highest possible level of assurance
that your financial statements conform to generally accepted accounting
principles. Our nonprofit specialists perform financial audits and Single
Audits required by Governmental Auditing Standards. Our tailored approach
includes confirming, observing and tracing your transactions and documents
to ensure that all financial data is being properly recorded. We discuss
our findings with you throughout the assurance process and issue a
management letter to your board of directors summarizing our findings,
along with our comments and recommendations about your procedures.
Donor Restrictions
Handling restricted net assets is one of the most complex operational
areas for nonprofit organizations, due to the differences in accounting
and reporting practices from unrestricted net assets. When you work with
Squire and Company, you get a comprehensive audit that assures your donors
that you are using the funds for the purpose designated.
Tax Services
Nearly all nonprofit organizations are required to file annual federal and
state tax information returns, and many can have some tax liability. Also,
the rules for unrelated business income tax for nonprofits are quite
complex.
Because unrelated business income is taxed at the same rate and same
manner as a for-profit corporation, a CPA and business consulting firm
like Squire and Company can assist you in many areas of tax planning and
compliance.
What's more, with our background in trusts and estate planning, we can
help your donors receive maximum tax benefits for their contributions.
When you engage Squire and Company as your tax advisor, you get more
than a couple of meetings at tax filing time. Our ongoing relationship and
tax planning activities enable you - and us - to address potential tax
concerns as they arise throughout the year.
Payroll Services
More and more nonprofit organizations are using external resources to
handle payroll and related activities, such as issuing paychecks,
preparing payroll tax returns, handling W-2 forms, and so on. Squire and
Company services incorporate every aspect of the payroll process.
Accounting Software Services
Squire and Company understands the special accounting and reporting needs
of nonprofit organizations. Squire and Company's Nonprofit Consultants
have experience with the leading fund accounting software packages in the
industry. Our Nonprofit Software Specialists have a strong financial
background with experience in the nonprofit world. Many of our technology
consultants are also CPAs. This breadth of skills and depth of staff
provide you with an ongoing resource for software selection,
implementation, training and on-going consultation.
Internal Accounting
Controls
All nonprofit organizations, regardless of their type, require strong
internal controls to safeguard assets, deter the mishandling of funds and
minimize administrative costs so that more dollars are available for the
organization's primary mission. We give you a comprehensive review of your
physical controls, as well as your system of checks and balances on all of
your paperwork, to make sure transactions are being recorded properly.
Budget Preparation
Squire and Company financial professionals work with you to develop a
budget that serves both as a financial action plan for the future and a
valuable management tool for monitoring your organization's financial
activities on a continuing basis.
Other Services That Benefit Your Organization
A key issue for today's nonprofit organization is maintaining and
enhancing management effectiveness. Squire and Company provides a
comprehensive range of services that support your primary activities. They
include -
Discuss Your Needs with Squire and Company. We are large enough
to offer the depth and breadth of services you expect from a large firm,
yet we are able to provide the close, personal attention you appreciate.
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