IRS Form 990 is a tax-exempt organization's most common annual tax return. It is a required public document that informs donors, stakeholders, and the public about an organization's activities, finances, and governance. Preparing IRS Form 990 can be complex and challenging, requiring a thorough understanding of tax laws and regulations applicable to tax-exempt organizations. At our firm, our team of experts has extensive experience in helping hundreds of tax-exempt organizations prepare their annual tax returns and IRS Form 990.

We work closely with our clients to ensure that their annual tax returns are prepared accurately, completely, and in compliance with all applicable regulations. Our team stays up-to-date on the latest tax laws and regulations that apply to tax-exempt organizations. We provide our clients with valuable insights and recommendations to help them manage their finances and operations effectively. Overall, our expertise in preparing annual tax returns and IRS Form 990 enables us to provide our clients with the peace of mind they need to focus on their mission and goals.

• Private Foundations
• Social Service Agencies
• Religious Organizations
• Arts Organizations
• Government Entities
• Schools
• Other Nonprofit Organizations

Unrelated business income (UBI) is a complex area of tax law that can be challenging for tax-exempt organizations to navigate. UBI is income from a trade or business unrelated to the tax-exempt organization's mission or purpose. This income may be subject to unrelated business income tax (UBIT), a tax on income generated by tax-exempt organizations from unrelated business activities.

At our firm, we have extensive experience in helping tax-exempt organizations evaluate their income sources and determine whether any revenue is subject to UBIT. We carefully review our clients' activities to identify any sources of UBI and assess whether any available exceptions under the tax code apply to exempt the income from UBIT.

• Private Foundations
• Social Service Agencies
• Religious Organizations
• Arts Organizations
• Government Entities
• Schools
• Other Nonprofit Organizations

Tax compliance issues can be a significant challenge for organizations of all types and sizes. Failure to comply with federal and state reporting requirements can result in penalties, fines, and other legal consequences, damaging an organization's reputation and financial stability.

At our firm, we have extensive experience in helping our clients identify and address tax compliance issues. We carefully review our clients' tax reporting requirements for employment, sales, property, and other tax purposes to ensure they meet all applicable federal and state requirements.

• Private Foundations
• Social Service Agencies
• Religious Organizations
• Arts Organizations
• Government Entities
• Schools
• Other Nonprofit Organizations

An IRS audit can be complex and challenging, requiring a thorough understanding of tax laws and regulations and the ability to communicate effectively with IRS agents. Therefore, if the IRS has targeted an organization for a full audit or limited inquiry, it is essential to respond quickly and effectively to minimize the impact on the organization.

At our firm, we have extensive experience in helping our clients respond to IRS audits and inquiries. Our team works closely with our clients to understand the audit or investigation's scope and develop a strategy for responding that complies with all applicable laws and regulations.

• Private Foundations
• Social Service Agencies
• Religious Organizations
• Arts Organizations
• Government Entities
• Schools
• Other Nonprofit Organizations

Financial statement audits are an essential process for ensuring the accuracy and reliability of an organization's financial records. Nonprofit organizations are often required to undergo financial statement audits to receive funding or maintain their tax-exempt status.

Independent auditors conduct these audits reviewing an organization's financial statements, internal controls, and compliance with accounting principles and regulations. The results of these audits provide stakeholders, including donors, grantors, and the public, with confidence that the organization is managing its finances responsibly and ethically.

• Private Foundations
• Social Service Agencies
• Religious Organizations
• Arts Organizations
• Government Entities
• Schools
• Other Nonprofit Organizations

Employee benefit plan audits are a specialized type of audit that requires specific knowledge and expertise in employee benefit plans. The Department of Labor (DOL) has set forth specific requirements for these audits, designed to protect plan participants and ensure that plan assets are managed in compliance with the law.

At our firm, we have a dedicated team of professionals with extensive experience in conducting employee benefit plan audits in accordance with DOL requirements. Our team understands the complexities of these audits and is committed to providing our clients with high-quality, accurate, and timely services.

• 401(k)
• Pension
• Health Plans

Charter schools operate independently of traditional school districts and are often held to strict financial accountability standards. As a result, charter schools in Texas must undergo audits per the Financial Accountability Resource Guide (FARG) of the State of Texas.

At our firm, we have extensive experience conducting audits for charter schools in compliance with the law. Our team understands the unique financial reporting requirements and regulations that apply to charter schools and is committed to providing high-quality, accurate, and timely services to our clients.

• Annual Audits
• Financial Statements
• Compliance With Laws
• Internal Controls

Under Title 2 U.S. Code of Federal Regulations Part 200, entities that expend $750,000 or more in federal funds in a fiscal year must undergo a single audit. In Texas, state agencies and local governments are also required to undergo single audits in accordance with the State of Texas Single Audit Circular.

At our firm, we have extensive experience conducting single audits for a wide range of entities, including state and local governments, nonprofit organizations, and institutions of higher education. Our team understands the complex reporting requirements and regulations that apply to single audits and is committed to providing our clients with high-quality, accurate, and timely services.

• Local Governments
• State Governments
• Nonprofit Organizations
• Higher Education

Agreed upon procedures are often used when a company needs a specific kind of review or examination but does not require a full audit. Instead, the results of the agreed upon procedures are presented in a report that provides stakeholders with the information they need to make informed decisions about the company's operations and financial position.

At our firm, we offer a wide range of agreed upon procedures and services to meet the specific needs of our clients. We work closely with our clients to understand their unique needs and objectives and to provide customized solutions that address their specific concerns. Overall, our expertise in agreed upon procedures enables us to provide our clients with valuable insights and information that they can use to make informed decisions about their operations and financial position.

• Due Diligence
• Compensation Arrangements
• Compliance With Federal Regulations
• Internal Controls