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Nonprofit
Tax Services

Most nonprofit organizations do not have to pay income taxes. However, they are required to file informational returns with the IRS, and depending on the size of the nonprofit, these returns may be substantially more complicated than for-profit business tax returns.

Nonprofit Tax Services
Frey Solutions Team Arrow

Our services for nonprofits are designed to address the unique financial and regulatory needs of these organizations. We offer a range of services that include but are not limited to:

 

  1. Preparing and filing annual tax returns, specifically Form 990 and Form 990-EZ. These forms are crucial for maintaining compliance with IRS regulations and providing transparency about the nonprofit's financial activities.

  2. Assisting with the application process for obtaining tax-exempt status. This is a critical step for any nonprofit, as it affects their eligibility for certain benefits and obligations under tax laws.

  3. Providing bookkeeping services tailored to the specific needs of nonprofits. Accurate and efficient bookkeeping is essential for managing finances, tracking donations and expenditures, and preparing for audits.

  4. Handling payroll and associated payroll taxes. This includes ensuring accurate calculation of taxes, timely tax payments, and compliance with employment-related tax regulations.

 

By offering these specialized services, we aim to relieve nonprofits of the complex and often burdensome financial management tasks, allowing them to focus more on their core mission and objectives. Our expertise in nonprofit finance ensures that these organizations receive the support they need to operate efficiently and in compliance with relevant laws and regulations.

 

Please note that some of these services can only be provided to nonprofit organizations who are not audit or review clients. If you are an audit or review client, or your organization is considering obtaining an audit or review, we may refer you to another firm for services that would impair our ability to provide audit-related services to you. If you have any questions, please ask! We are here to assist.

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