Non Profits - Smith & Smith CPAs
How we serve Non-Profits
Accounting & Tax Services for Charities and Non-Profits

Non-Profit Accounting made easy.

While many aspects of nonprofit and for-profit business accounting are similar (such as the tracking and reporting of income and expenses, and payroll taxes), there are significant differences. These arise out of the nonprofit organization’s duty to drive its resources toward its mission. Smith & Smith is here to help.

01

Organization Formation

It is important to properly create your non-profit organization, and often, guidance is needed. Our CPAs meet with non-profit clients to help them create an organization that appropriately represents its intended purpose. We also go over all of the various things to expect so that our clients aren’t caught off guard by anything during the process.

02

Tax Return Preparation

Since 1987, Smith & Smith CPAs has prepared tax returns for a wide variety of non-profit organizations. Our experience enables us to provide tax preparation services that are both knowledgeable and seamless. Our CPAs ask the appropriate questions and prepare a tax return that properly represents the functions of your non-profit.

03

Bookkeeping

Proper bookkeeping is vital to the success of each and every non-profit organization. It is important to appropriately categorize the revenues and expenditures throughout each year. Maintaining useful records enables board members to plan for the future by having knowledge of the past.

04

IRS Representation

Receiving a letter from the IRS can be demoralizing for a non-profit organization however, there is always a solution. Our CPAs have vast experience in dealing with the IRS on a wide variety of issues. We have confidence that we can help in situations that seem overwhelming. Our CPAs find the root of the problem, coordinate with the IRS, and develop the best solution for you.

05

Advisory Services

Since 1987, Smith & Smith CPAs has helped non-profit organizations plan for the future through creative and innovative solutions. The experience of our CPAs enables us to provide guidance and advice in situations that lack clarity. We take pride in providing services that aide in the ability of non-profits to achieve their desired purposes.

06

Compilations

Having a CPA compile financial statements for your non-profit organization is helpful when presenting financial statements to third parties. Our CPAs meet with non-profit clients on an agreed upon basis in order to provide compiled financial statements that are presented in applicable accounting standards.

The Dreaded Letter from the IRS.

A client received a letter from the IRS regarding his prior year tax return. Unfortunately, he was being audited. The IRS believed that expenses for his LLC were overstated and disallowed certain deductions. In addition, the IRS stated that the client owed thousands of dollars in penalties alone. We met with this client and went over all of the relevant documents. We were able to guide him through the process and provide him peace of mind. Upon review of transcripts and various documents, we met with an IRS agent on behalf of our client. This ...

An owner of an auto shop came to Smith & Smith CPAs, LLC with a letter from the IRS.

This letter stated that an audit would be taking place. Having never been through an IRS audit, the owner needed help to prepare. We advised him on the process and shared our past experiences. When the audit came, we were there with him every step of the way.

An Oil & Gas company needed guidance on how to handle their growth.

They started as a sole proprietorship and were in search of a CPA firm that could advise them on how to handle the growth of their company. After searching for a firm, they decided to meet with Smith & Smith CPAs, LLC. In our initial meeting, we learned of their business and inquired about their goals. We decided that it was best for them to incorporate.

A group of doctors were looking for a CPA firm to help them form their new practice.

A group of doctors had been working for various practices and decided to form their own medical entity. They were sure that they could succeed given their experience and knowledge in their field of medicine. Needing a CPA firm to advise them on various tax decisions, they decided to seek the services of Smith & Smith CPAs, LLC.

A cardiologist received a letter from the IRS for delinquent payroll taxes that had already been paid.

The cardiologist was sure that the payroll taxes had been paid however, he needed help to prove this was the case. Our CPAs reviewed the tax payments and reconciled them to the various tax liabilities. Upon completion, it was determined that the aforementioned taxes were indeed paid. The issue was that they were applied incorrectly.

We’re here for you.

Whether you’re an individual, startup, small business, or a large corporation, our CPAs and staff are here to serve you and provide exceptional accounting services for you and your company.