Reynolds Financial Services, LLC ¦ 770-789-1018

1. Statement of Revenue with very specific revenue and expense categories such as donations, membership dues, salaries and rent.
2. Balance Sheet with specific categories like cash, accounts receivable, accounts payable and net assets.
3. Statement of Functional Expenses which requires you to report all the expenses allocated to either program services, fundraising or operations.
4. 16 additional schedules that accompany Form 990.  They are designed to require reporting of information only from those organizations that conduct particular activities.

While the purpose of the new Form 990 is to enhance transparency and promote tax compliance, it is much more complex and burdensome than the previous Form 990.  There are significant changes with the new Form 990, but do not worry…we can help you comply with the new requirements

The IRS uses very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status.  So, it is imperative that you build your accounting system around these revenue and expense categories.

We will provide the following services for your non-profit organization:

·          Design, install and maintain your accounting system

·          Review and compile your financial statements

·          Weekly, bi-weekly or monthly payroll processing

·          Payroll tax preparation

·          Provide training for your accounting personnel

·          Prepare and file your Form 990, 990-EZ, 990-N or 990-T tax forms

Form 990, 990-EZ, 990-N and 990-T are due on the 15^th day of the 5^th month after your organization’s tax year ends.

Let us work with you to ensure that your non-profit organization meets all the IRS reporting requirements.  Please contact us today for a free consultation.