Nonprofit Audit, Tax & Accounting Services

Yes! We provide comprehensive services for nonprofit organizations, including grant tracking and compliance support, Form 990 preparation, financial audits, and outsourced accounting. Our integrated approach means one team understands your complete financial picture—from daily transactions to annual Form 990 filing to grant audits. This ensures consistency across all your reporting requirements.

These represent different levels of assurance. An audit provides the highest level of assurance through comprehensive testing and is often required for major grants. A review offers limited assurance through analytical procedures and inquiries—less extensive than an audit but more than a compilation. A compilation involves preparing financial statements without providing assurance. The right choice depends on your stakeholder requirements and organizational size.

Most nonprofits benefit from ongoing accounting support (bookkeeping, financial reporting, tax preparation), while audits are typically required annually based on funder requirements or organizational bylaws. Think of it this way: a nonprofit accountant manages your day-to-day finances, while an audit provides independent verification of those financials. Many organizations need both—outsourced accounting throughout the year and an annual audit for compliance.

GAAP (Generally Accepted Accounting Principles) isn't legally required for all nonprofits, but it's often necessary. Audits, reviews, and many grant requirements mandate GAAP-compliant financial statements. Even if not required, GAAP accounting provides transparency and credibility with donors, funders, and boards. Our outsourced accounting services can help implement GAAP-compliant systems tailored to your organization's needs.

It depends on your organization's annual gross receipts and assets. Most nonprofits file Form 990, while private foundations file Form 990-PF. Smaller organizations may qualify for the shorter 990-EZ or 990-N (e-Postcard). Organizations with unrelated business income over $1,000 must also file Form 990-T. Our tax team can determine which forms apply to your organization and ensure timely, accurate filing.

Nonprofits that spend a certain threshold of federal awards during their fiscal year are required to have a Single Audit (also called an OMB Uniform Guidance audit). This threshold is set by federal regulations and can change over time. This comprehensive audit examines both your financial statements and federal grant compliance. Our audit team specializes in Single Audits and can help you determine if your organization meets the threshold and guide you through the entire process.

It depends on the funder and grant size. Many federal grants require audits, especially larger awards that trigger Single Audit requirements. Private foundations and corporate funders may require audits, reviews, or compilations depending on the grant amount and their specific policies. Our team can help you understand your specific grant compliance requirements and provide the appropriate level of assurance.