Services for Not-for-Profit
Although not-for-profits are tax-exempt, they still have reporting rules to follow. In recent years, failure to follow those rules precisely has resulted in revocation of tax-exempt status. Beyond that, not-for-profits need to track their funds with as much care as any other entity.
AKM offers deep expertise in not-for-profit filing compliance, accounting and audits.
- Accounting for funds by type: permanently restricted, temporarily restricted and unrestricted
- Comprehensive financial reports
- Form 990 and 990PF preparation and filing
- Independent audits
- Representation at tax examinations