Consulting Services

Blazek & Vetterling provides our tax-exempt clients with all the different audits they’re required to implement by regulatory bodies. During the audit process, our team uses industry-leading paperless audit software on a secure and encrypted network environment that makes collaboration during each audit efficient.

Types of Consulting Services

Internal
Controls Review

Internal controls are a critical component of effective financial management for nonprofit organizations. Adequate internal controls help organizations safeguard their assets, ensure compliance with applicable laws and regulations, and maintain the integrity of their financial reporting.

At our firm, we have extensive experience in conducting internal control reviews for nonprofit organizations. We work closely with our clients to document their internal control systems, identify potential weaknesses, and provide recommendations for strengthening them.

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

Indirect Costs

Indirect costs are an essential component of cost accounting for nonprofit organizations, as they can significantly impact an organization's financial management and operations. Indirect costs are expenses not directly attributable to a specific program or activity but are necessary for the organization's overall functioning.

At our firm, we have extensive experience in reviewing indirect cost proposals for nonprofit organizations. We work closely with our clients to identify potential enhancements to their indirect cost plan and review calculations for consistency.

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

Applications
for Exemption

Many steps are necessary to form a new non-profit organization. Obtaining federal tax-exempt status requires submitting an application to the Internal Revenue Service (IRS). The required application form can be complex and time-consuming, requiring a thorough understanding of tax laws and regulations.

At our firm, we have extensive experience consulting with people desiring to start a new organization. We work closely with them as they define the mission and vision for the new organization. We assist with obtaining the documents required to be submitted with the application. We work closely with our clients to understand their unique vision and objectives.

Grantor
Desk Reviews

Grantor desk reviews are a type of audit or review conducted by a grantor agency to evaluate a recipient's compliance with the terms and conditions of a grant award. These reviews can be initiated for various reasons, such as routine monitoring, a change in grantee management, or the detection of potential compliance issues.

At our firm, we have extensive experience in providing support to clients who are selected for grantor desk reviews. We work closely with our clients to understand the review's scope and objectives and develop a comprehensive response that addresses all relevant issues and concerns.

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

UBIT Issues

Unrelated business income (UBI) is a critical area of compliance for tax-exempt organizations and can be challenging to manage and navigate. UBI refers to income generated from a trade or business not substantially related to the tax-exempt organization's mission or purpose and may be subject to unrelated business income tax (UBIT).

At our firm, we have extensive experience in reviewing UBI issues for tax-exempt organizations, including advertising, sponsorships, affinity relationships, royalties, and commissions. In addition, we work closely with our clients to evaluate their income sources and identify any potential sources of UBI.

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

Tax-exempt organizations need a dependable partner to perform audits and tax returns with an eye for detail in a timely manner. These matters can become a time and resource-draining burden if you’re not working with an accounting firm that understands the nuances of the tax-exempt world. You want to make sure you partner with a certified public accounting firm that has the experience and proven client base to back up their promise to be that dependable partner you can rely on year after year.

How may we serve YOU?

If you would like to learn more about how we can work together using our experience in the non-profit world to best benefit your organization, contact us today!