Not-for-Profit Organizations

The nonprofit industry spans the gamut from community-based organizations to world-class healthcare, cultural, and educational institutions. Yet they all share many of the same challenges from a tax and accounting perspective: complying with complex financial requirements, maintaining transparency, and looking for ways to do more with less.

At DGC, our specialized nonprofit team provides a perspective few accounting firms can match. That expertise is strengthened by a curiosity that’s always searching for new and smarter solutions. Working shoulder-to-shoulder with our clients in the not-for-profit sector, we help these organizations find ways to fulfill their missions while maintaining the public’s trust.

Our services:

  • Audits and reviews of financial statements
  • Preparation of annual federal and state information returns
  • Compliance with Attorneys General requirements for nonprofit organizations in various states
  • Tax planning services associated with unrelated business income and public support percentage issues
  • Identifying and consulting on excess benefit transactions and related intermediate sanctions
  • Assistance with debt financing matters, including banks and tax exempt bond issuances
  • Support in the presentation of functional allocation of expenses
  • Assistance with obtaining tax exempt status – Forms 1023 and 1024
  • Internal control review and evaluation services
  • Cash flow forecasting and budget preparation
  • Lease vs. buy decisions
  • Risk assessment analysis
  • 403(b) plan audits

Podcast: New Revenue Recognition Standard

Proper Revenue Recognition is crucial to any business, but things are changing. What steps can you take to ensure you’re following the right guidelines? To listen to our podcast outlining the new Revenue Recognition standard, click here.

Tax Reform Update 12/20/2017