Not-For-Profit

Partnering with You to Help You Meet Your Mission

 

MichaelSilver helps Not-For-Profit (NFP) managers and boards manage the unique challenges associated with their organizations. Filing federal and state information and tax forms, reporting and compliance requirements related to governmental and private funders, developing effective internal controls, accounting in accordance with generally accepted accounting principles, and periodic financial reporting to your board can be especially challenging for not-for profit organizations.

Our accounting and assurance, tax, and consulting services are tailored to your organization’s unique needs. Our vast experience and understanding of NFPs can help you and your organization succeed. Many of our partners hold NFP board positions, which provides us with a unique perspective. Let us help with issues including:

 

  • Tax Status
  • Tax Planning
  • Membership
  • Strategic Planning
  • Regulatory Compliance
  • Accounting Systems and Controls
  • Setting Up a Separate Foundation
  • Endowments
  • Treasury Matters

Types of Not-For-Profit Clients We Serve

  • Religious Organizations
  • Schools
  • Trade Associations
  • Cultural Organizations
  • Public Charities
  • Private Foundations

Our deep not-for-profit experience can help your
organization succeed.

Janell Wilson

Janell Wilson

CPA, Partner

Silver Advantage Alerts

Are You Ready for the New Foreign Reporting Requirements for Pass-Through Entities?

As if the current pass-through entity tax requirements were not complicated enough, the IRS introduced new schedules to the mix. Schedules K-2 and K-3 were created for the reporting of international income, deductions, credits, and other miscellaneous items. In case you are not familiar with the term, “pass-through entities” include partnerships, S corporations. Such entities do not generally pay income taxes directly, but rather “pass-through” taxable income, deductions, and credits to their owners.

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Introduction to Cryptocurrencies, An Article Series – #1 of 3

The evolution of today’s economies, governments, banking systems, and societies has led to the creation of virtual currency and digital assets. Many businesses and individuals are looking to expand their portfolios to include such assets. However, with these assets being so new, there is a lack of clarity in terms of tax treatment and financial reporting.

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