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Tax Preparation and Bookkeeping for Non-profits
Non-profit Organization Tax & Bookkeeping Services
Non-profit organizations are held to the highest levels of scrutiny from donors, the government, the media, and more. They want to see if a non-profit’s paperwork, taxes, and other materials are in order. And if they’re not, there could be serious consequences.
That’s why so many non-profits work with 1─800Accountant. We specialize in helping non-profits with setup, bookkeeping, and more. Our accountants will guide you through important requirements, best practices, help file your 501c(3) application, and educate you on critical tax compliance standards.
Non-Profit Tax Preparation
Non-profit taxes can be complicated. Our experts make it easy.
Non-Profit Know-How
Our expert CPAs are familiar with state and federal laws that affect non-profits.
Non-Profit Filings
We help maintain your tax-exempt status by ensuring your filings and books are up to date.
"He gave detailed information about the expectations of a non-profit. I was very impressed with his understanding of how to conduct a nonprofit and its obligations. Also, the pricing for this service was very reasonable."
Dorothy M.
Actual customer testimonial. Photo is illustrative only.
Getting started is easy and free.
- Schedule a time to speak to one of our experts.
- Tell us about your non-profit's needs.
- We'll create a year-round tax strategy and match you with an accountant experienced in serving the unique requirements of your non-profit.
Non-Profit Tax Form 990
Form 990 is an IRS form used as the primary tool for gathering information about non-profits, educating organizations about tax law requirements, and promoting compliance. Organizations also use Form 990 to share information with the public about their programs.
Working with a professional CPA ensures your non-profit’s Form 990 is complete and correct, which avoids IRS penalties and confusion among prospective donors and the general public.
Section 501(c)(3)
Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. Organizations described in section 501(c)(3), other than testing for public safety organizations, are eligible to receive tax-deductible contributions in accordance with Code section 170.
Form 1023
Navigating the ins and outs of Form 1023 can be complicated if you’re not working with a professional experienced in the non-profit.
Tax Services for Non-profits
Non-profit Accounting FAQs
The general equation used to calculate a non-profit balance sheet, called a Statement of Financial Position, is “liabilities + net assets = assets.” While it may seem simple, it’s recommended that you work with a tax professional familiar with navigating financial reporting in the non-profit space.
For non-profits it is not called a balance sheet, it’s called a Statement of Financial Position. It’s similar to a balance sheet, but the name is different.
A non-profit organization can earn income, but the profits must not benefit private individuals internally, unlike a for-profit organization.
Non-profit tax returns are due May 15th each year unless that due date falls on a weekend. The modified date usually falls on the Monday after.
If your non-profit used contract workers or vendors to work for your organization during the year, you must submit a Form 1099 to the IRS. If you have not utilized these services during the year, you do not need to submit a Form 1099.