Experiencing Issues with your Not-For-Profit?
Not-for-profits face unique challenges in minimizing tax liability and retaining tax-exempt status. In Toronto, the professional staff at Adams & Miles LLP Chartered Professional Accountants are adept at handling the complexities these organizations face in regards to changing tax policies. Beyond meeting regulations with the government, internal financial operations must be properly managed, and getting a not-for-profit off the ground needs attention to detail. Our Toronto CPAs provide services that aid non-profit organizations through comprehensive accounting assistance.
Avoiding Liability and Meeting Requirements
Tax codes and policies change regularly, and staying on top of them requires vigilance. Our assurance engagement examines your financial records to ensure that tax filing requirements are met; our quarterly review of your accounts reveals whether your organization complies with reporting regulations. We also prepare T3010 and T1040 forms at tax time, with tax planning occurring year-round to correctly complete documents according to government regulations.
One of our core values is clear customer communication to support assistance, whenever needed. Adams & Miles LLP Chartered Professional Accountants works throughout the year to provide accounting assurances that diminish liability for organizations, and make sure contracts and funder agreements are correctly fulfilled.
Solving Common Financial Issues
Not-for-profits may encounter many issues in their everyday operations, as any organization can, but new or struggling organizations require specific assistance to get started with compliance in mind. With our non-profit accounting services, your organization can receive the assistance it needs to be successful. Through preparation and review of your budget, our team helps you stay abreast of possible tax problems, aids you in managing cash flow throughout the year protects your business from negative fluctuations, and aims to meet your organization’s financial aspirations.
From balancing a budget and managing financial processes, we provide exempt organizations with the guidance they need to improve financial stability and benefit from sound business processes. Financial operations are a difficult task to manage when trying to run an organization, but our experience in internal processes provides the necessary accounting know-how needed to improve or maintain operations.
Financial Services for Non-Profits
Adams & Miles LLP Chartered Professional Accountants is here to help exempt organizations succeed. Call us today for help in navigating the complexities of tax codes and to find your road to financial compliance.