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CRI is a member of PrimeGlobal, a worldwide association of independent accounting firms and business advisors. PrimeGlobal does not and cannot offer any professional services to clients. Each independent member of PrimeGlobal is a separate firm and an independent legal entity. PrimeGlobal is not a partnership and independent member firms are not acting as agents of PrimeGlobal or other independent member firms. Our accounting firm serves the Keller, Southlake, and Fort Worth area, helping area non-profits (including churches) improve the accuracy and strategy of their financial management.
Physical on-site presence, including regular attendance and punctuality is an essential function of this position. Any change or adjustments to your assigned work schedule or shift hours must be approved by your supervisor in advance. J) Physical on-site presence, including regular attendance and punctuality, is an essential function of this position. Any changes or adjustments to your assigned work schedule or shift hours must be approved by your supervisor in advance.
About Our Firm
As an accounting firm specializing in services for both business and non-profit, we have gained a lot of firsthand experience as to how to operate a financially successful organization. Our experience with many non-profit clients shows that partnering with an experienced accounting professional is the best way to prevent costly, time-wasting errors in non-profit financial management. Elaine Sommerville is considered a leading national tax professional in nonprofit tax issues.
Our clients benefit from a single organization with the enhanced capabilities of an expanded national platform, deepened industry mastery, greater resources, and innovative advisory services. Our aim is to help you succeed today while preparing you to forge ahead into a clear future. https://www.bookstime.com/ It is important to understand the different methods that can be used to record an organization’s revenues and expenses. There are two principal methods of accounting for nonprofits, cash and accrual, with a third type called modified cash that combines aspects of both methods.
David O Awe, CPA
CRI’s Nonprofit team assists clients with understanding and adopting new accounting standards, as well as navigating impacts of Uniform Guidance on their federal single audits and knowing the requirements of state-level single audits. Elaine currently devotes her time to handling various IRS issues, including personal taxation issues for individuals and federal and state compliance issues for nonprofit organizations and churches. Elaine frequently assists organizations in gaining their tax-exempt status with the IRS. Over the years, Elaine has successfully filed more than 100 exemption applications for organizations. She is regularly sought out by other CPA’s and law firms to provide tax services in connection with litigation or regulatory proceedings, has participated in large case IRS compliance reviews, and researches tax issues for special client situations.
- While only an
email, phone call, or overnight delivery away, if the project requires it (e.g. audits
and IRS compliance reviews), we will travel to your office. - PrimeGlobal does not and cannot offer any professional services to clients.
- Many nonprofits make it a practice to provide thank-you letters to donors which provide the necessary information for the donor.
- As an accounting firm specializing in services for both business and non-profit, we have gained a lot of firsthand experience as to how to operate a financially successful organization.
- Working with folks across North Texas, Promise of Peace Community Garden works to transform vacant spaces into thriving places.
- This webinar will explore endowment accounting, including requirements for both donor restricted and board designated endowments.
- She is experienced in filing returns for corporations, partnerships, nonprofit organizations and individuals.
An accountant well versed in non-profit regulations can oversee and review the filing of annual tax returns, as well as monthly or quarterly statements to ensure financial management is on track throughout the fiscal year. She started part time and has held almost every position we have in the office. However, today her predominant area of service to the firm is in the preparation of various tax filings.
Lloyd & Hodge unchains you from your calculator and frees up your valuable time.
These arise out of the nonprofit organization’s duty to drive its resources toward its mission. Our driven, experienced team members provide insightful solutions to a wide range of industries to help you manage change, stay compliant, and boost your bottom line. We offer an extensive suite of innovative assurance, tax, and advisory services to help prepare you for tomorrow’s needs. Supporting Strategies provides outsourced bookkeeping services, controller services and operational support to growing businesses. If you are like many non-profits, your board of directors may call the shots for some of the biggest decisions that shape the future of your organization.
In addition, she performs several IRS compliance reviews each year for her clients to assist them in staying in compliance with both federal and state regulations. Her firm currently prepares more than one hundred fifty Forms 990 or 990-EZ for nonprofit organizations. Bookkeeping Services in Fort Worth However, the IRS still wants information on a nonprofit’s programs and activities and therefore, requires nonprofits to file informational returns. The federal form required to be filed is based primarily on your organization’s receipts and assets.