There are many varied challenges faced by those running not for profits, despite the fact that they appreciate the value of the dollar and do their best to make the most out of each and every one in order to keep their mission alive and thriving.
Pressure is often applied from their members, board of directors, donors and stakeholders, to provide accountability for every single dollar spent. Aside from the pressure, there are many complicated reporting requirements that not for profits face too, and tax laws specific to their type of enterprise. They are also held accountable for all of the financial reporting and for meeting goals and targets set earlier in the financial year.
All of these can make running a not for profit incredibly challenging, and every day can quickly begin to feel like an uphill struggle.
We are here to help you
Here at Horizon Accounting Inc, we have the expertise and experience to be able to guide you effortlessly through all of the challenges that you face, and help you to devise and develop an innovative strategy to meet all of those stringent requirements, while continuing to get the most out of your money. We are experts in reducing expenses, streamlining operations and making sure that you are compliant with all of the requirements for maintaining your status as tax exempt.
Some of our clients include educational institutions, health and welfare groups and public and private foundations.
Our services include the following
Financial statement audits and reviews
Assistance with bookkeeping
Internal control review
Development of policy and procedure
Not for profit formation/start up
A wide range of general advisory services, such as unrelated business income tax (UBIT) concerns