Nonprofit Organization Taxes

Tax Preparation And Planning For Non-Profit Organizations

Unlike other businesses, non-profit organizations have some very unique yet specific tax preparation and planning needs. The more successful organizations rely on a number of different factors including:

  • Donations from businesses and individuals
  • Funding
  • Their paid staff
  • Volunteers

The common goal is for all factors to work in conjunction with one another to achieve the goals and mission of the organization. Whether you are the director of a non-profit entity or part of its management team, you need to remain financially viable so that the organization can continue growing.


The Importance Of Tax Preparation And Planning

Wheeler Tax Solutions provides a wide range of federal and state tax preparation and planning services for non-profit organizations. Whether you run a 501(c)(3), community services, health and human services, or private educational services, we have the tax preparation and planning experience that addresses your financial needs. We can provide the following services:

  • Budget creation
  • Budgeting and forecasting
  • Cash flow management
  • Developing fund management systems
  • Employee benefits
  • Federal tax planning
  • Federal tax preparation
  • Filing exempt status
  • Fundraising consultation
  • Grant compliance
  • Implementing accounting systems
  • Management consulting
  • Meeting federal guidelines
  • State tax planning
  • State tax preparation

Due to the unique tax rules that apply to non-profit organizations, quality tax preparation and planning is imperative. Our specialists understand how complex the tax-exempt world can be and know that it takes more than simply preparing your organization’s federal (and state) tax returns. It takes a comprehensive range of solutions to ensure that your tax preparation and planning needs are met.

How We Can Help You

At Wheeler Tax Solutions, we not only assist non-profit organizations with their tax preparation and planning needs, we can help them handle their IRS reporting and set up their tax-exempt status. As a non-profit organization, the IRS requires you to submit a Form 990 (Return of Organization Exempt From Income Tax) which includes the following:

  • Balance sheet
  • Functional expense statement
  • Income statement
  • Individual program expense statement
  • Revenue support schedules

These specific expense statements and revenue classifications are used by the IRS to determine whether or not your organization can retain a tax-exempt status and our goal is to see that you succeed in doing so. Wheeler Tax Solutions can assist you at setting up an accounting system that addresses your different expense and revenue classifications. Finally, we can prepare all the necessary paperwork and file your application for tax-exempt status so that everything runs smoothly.