GET IT SET UP AND RUNNING TO FOCUS ON WHAT IS REALLY IMPORTANT
Non-profit organizations play a vital role in building healthy communities by providing critical services that contribute to economic stability. ADKF understands the limited financial resources and struggles these organizations face to obtain contributions and other funding sources to accomplish their mission. We believe that a strong non-profit sector is key to a thriving community. We engage with our non-profit organizations, keeping them up to date on changes in audit and financial reporting by providing best practices through our knowledge of the industry. This allows our non-profit organizations to focus on the connections they need to successfully support their mission and plan for the future.
We perform services for non-profit organizations including religious and professional organizations, animal shelters, museums, children’s shelters, schools, country clubs, foundations and endowments.
With over 60 professional staff, we have a wealth of knowledge available for your organization to leverage. We don’t just do the bare minimum for regulatory compliance. We work with your team to promote efficiencies, identify internal control gaps, position your organization to obtain proper funding and help your organization prosper. We have extensive experience working with non-profit organizations and are up-to-date with the federal tax return on Form 990 reporting requirements as well as, the recent changes in non-profit accounting and financial reporting. We can also assist you in all your federal, state, and local compliance and reporting requirements, including the performance of a single audit.
As a local firm, we have the flexibility to make key decisions quickly without the need to consult a national office which can delay the process. Our professionals are trained to get in and get the engagements done efficiently so your team is faced with minimal disruptions.
April 2020 Question and Answer
Question: My company has problems keeping employees, a problem that has escalated this year. What can I do? Answer: Record low unemployment has made this a job seeker’s market, but a history of problems retaining employees might suggest that you take a new look at your company’s practices. Start by comparing your salaries, benefits and […]
While the federal estate tax basic exclusion amount has risen dramatically in recent years, some states have not followed suit by raising their exemptions. Even with higher current exemptions, the future of taxes is unpredictable, so you need a strategy to deal with potential estate taxes if you own significant assets.
Congress capped off last year by passing the Setting Every Community Up for Retirement Enhancement (SECURE) Act as part of a larger spending bill. This is the biggest change in retirement saving rules in more than a decade.
When you sell appreciated assets, you pay taxes on them in the year you realize capital gains. But when you invest in a Qualified Opportunity Fund (QOF), you defer capital gains taxes and potentially receive tax-free appreciation. If you invest outside of a qualified retirement plan, you might explore how these types of funds could […]
WHAT RETIREMENT? According to a survey by The Harris Poll for TD Ameritrade, most Americans age 40 and older intend to work past “retirement.” The poll found that 92% of respondents age 40-49 planned to work in retirement, while 66% of respondents in their 60s and 52% of those in their 70s said the same. […]