Account Service

Not for Profit Tax Planning and Preparation

Early tax planning and preparation for not-for-profit companies is essential because of their tax-exempt status. At DeFreitas & Minsky LLP, we strive to protect your company’s not for profit status to ensure your resources can be used towards organizational goals and objectives.

Not for Profit Services

Tax Planning and Tax Compliance

Comprehensive strategies to manage and optimize your tax obligations. We provide expert advice to ensure adherence to all tax laws and regulations, while proactively identifying opportunities for tax savings and efficiency in both your personal and business financial matters.

Non-Profit Tax Returns

Handling the unique tax filing requirements for non-profit organizations. We ensure accurate and compliant tax return preparation, helping non-profits maintain their tax-exempt status while navigating the complexities of non-profit tax regulations.

Audits of Entity Financial Statements

Thorough and independent examinations of your organization’s financial statements. We ensure accuracy and compliance with accounting standards, offering insights that enhance financial transparency and trust among stakeholders.

Accounting and Bookkeeping Assistance

Meticulous and tailored support to manage your financial records. We ensure accurate tracking of income and expenses, providing valuable insights for decision-making and helping maintain financial order and compliance for your business or personal finances.

Tax Exempt Planning Concerning Related Entities

Specialized strategies for managing tax-exempt organizations and their interactions with related entities. We focus on maintaining compliance, optimizing tax positions, and navigating the complex rules governing transactions between related tax-exempt and taxable entities.

Unrelated Business Expense

Expert guidance on identifying and managing tax obligations arising from income that non-profit organizations generate through activities unrelated to their exempt purpose. We ensure compliance while minimizing tax liabilities, helping maintain the financial health and tax-exempt status of your organization.

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One of our certified public Accountants

Speak to One of Our Certified Public Accountants

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FAQ

Frequently Ask Questions.

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Nonprofits are subject to specific tax exemptions and requirements, such as maintaining their tax-exempt status and filing Form 990.
By adhering to IRS guidelines, which include limits on political activities, reporting requirements, and ensuring profits are reinvested into the organization's mission.
By adhering to IRS guidelines, which include limits on political activities, reporting requirements, and ensuring profits are reinvested into the organization's mission.
Effective tax planning can help nonprofits optimize their resources, comply with tax laws, and avoid penalties.
Generally, donations to a registered non-profit are tax-deductible, but donors should consult their tax advisor for specific advice.
Keep detailed records of income, expenses, donations, and any business-related activities.
Yes, if a non-profit earns income from activities unrelated to its exempt purpose, this income may be subject to tax.
Annually, or more frequently if there are significant changes in operations or tax laws.