Partners
Non-Profit Accounting and Tax Solutions
At GTA Accounting Group, we offer comprehensive non-profit accounting and tax services that help organizations meet their financial needs while complying with regulations. Nonprofits face unique financial challenges, including ensuring transparency and correctly tracking and reporting donations, grants, and expenses.
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Our Services Include:
- Non-profit bookkeeping solutions: We may accurately track all financial transactions, ensuring that every donation and expense is accounted for correctly the accurate tracking of all financial transactions, ensuring that every donation and expense is correctly accounted for, which is crucial for financial transparency.
- Nonprofit tax compliance: Accurate reporting and tax filings are essential for compliance with IRS regulations, such as maintaining 501(c)(3) tax-exempt status. We handle all necessary filings, including IRS Form 990, which nonprofits must submit annually to retain their tax-exempt status.
- Financial services for non-profits: We provide tailored solutions to help non-profits manage their financial operations efficiently, allowing them to focus on their mission.
By partnering with GTA Accounting Group, non-profits can ensure that their finances are handled accurately, allowing them to maintain compliance and focus on their cause.
IRS Form 990 Preparation and Filing
At GTA Accounting Group, we understand the importance of IRS Form 990 for non-profits. Filing Form 990 is not just a requirement but an opportunity to demonstrate your organization’s financial transparency and compliance. This annual information return is essential for maintaining tax-exempt status and provides valuable insights for donors, the public, and government agencies.
Types of Form 990
- Form 990: Filed by non-profits with gross receipts of $200,000 or more or total assets over $500,000.
- Form 990-EZ: For non-profits with gross receipts less than $200,000 and total assets under $500,000.
- Form 990-N is simplified for smaller organizations with $50,000 or less gross receipts.
We also assist organizations that must file Form 990-PF for private foundations or Form 990-T for non-profits with unrelated business income.
Why Accurate Filing Matters
Form 990 is not just a financial report—it’s a public document that helps build trust with donors, grantmakers, and the IRS. Errors or incomplete information can lead to penalties or loss of tax-exempt status. Additionally, a well-prepared 990 enhances your organization’s visibility on platforms like Charity Navigator and GuideStar, which many donors use to assess non-profits.
At GTA Accounting Group, we ensure that your Form 990 preparation is accurate, timely, and by IRS requirements. Our experienced team handles all aspects of the process, including gathering necessary documents, preparing the return, and submitting it electronically to the IRS.
Grant Management and Fund Accounting for Non-Profits
At GTA Accounting Group, we understand the importance of effective grant management and fund accounting for non-profits. Securing grants is a vital part of many non-profit organizations’ funding, but managing those grants requires careful attention to compliance, tracking, and reporting.
Grant Management Services
Managing a grant goes beyond receiving funds; it involves ensuring compliance with the specific conditions attached to each grant. Grants often have strict rules regarding how funds can be spent and reported. Our services help non-profits:
- Track expenditures against grant budgets to ensure compliance.
- Allocate costs properly, ensuring expenses align with the grant's purpose.
- Meet reporting requirements, ensuring funders receive accurate financial updates.
We work with you from the pre-award phase through post-award management, helping to ensure that your grant process is smooth and transparent(.
Fund Accounting
Fund accounting is essential for non-profits as it ensures that each revenue stream (e.g., grants donations) is used for its designated purpose. We assist in:
- Segregating restricted and unrestricted funds, ensuring proper reporting.
- Creating detailed reports for stakeholders to show how funds are used.
- Ensuring financial transparency which builds trust with donors and grantmakers alike.
Practical fund accounting helps maintain fiscal health and transparency, which is crucial for securing future grants and donations.
Non-Profit Tax Compliance and Advisory Services
At GTA Accounting Group, we offer tailored non-profit tax compliance and advisory services to help organizations maintain their tax-exempt status while navigating complex tax regulations. Although non-profit organizations may be exempt from federal taxes, they still face specific tax-related challenges, such as filing IRS Form 990, managing unrelated business income tax (UBIT), and ensuring compliance with state and federal tax laws.
Critical Tax Compliance Services for Non-Profits
- IRS Form 990 Preparation: Filing Form 990 is essential for maintaining your organization's transparency and tax-exempt status. We ensure your filing is accurate and timely, helping your non-profit avoid penalties.
- Unrelated Business Income Tax (UBIT): Non-profits must report and pay taxes on income generated from activities unrelated to their primary mission. We help identify UBIT activities and prepare the necessary documentation to avoid non-compliance.
- Advisory on Tax-Exempt Status: Maintaining tax-exempt status requires ongoing attention to compliance. We provide strategic advice on handling donations, grants, and income while ensuring your organization complies with IRS regulations.
Our team works closely with non-profits to develop strategies that align with tax laws and their mission. This allows organizations to focus on their core goals without worrying about tax issues.
Audit and Assurance Services for Non-Profits
Nonprofit organizations rely on transparent and accurate financial reporting to maintain donor trust, comply with regulatory requirements, and demonstrate operational efficiency. GTA Accounting Group offers comprehensive non-profit audit and assurance services tailored to charitable organizations, foundations, and other nonprofits' unique needs.
Critical Audit and Assurance Services
- Financial Statement Audits: A thorough audit ensures that your financial statements are accurate and comply with state and federal regulations. Our audits provide stakeholders with the confidence they need to trust in the integrity of your organization's finances.
- Single Audits (OMB A-133): We conduct single audits for non-profits receiving federal funds to ensure compliance with federal regulations and help you maintain eligibility for future grants.
- Internal Controls Review: We assess your internal controls and financial reporting systems to identify areas for improvement, enhance operational efficiency, and mitigate risks.
- Compliance Audits: Our audits ensure that your organization complies with IRS, state, and federal regulations, including maintaining proper documentation and meeting grant requirements.
By partnering with GTA Accounting Group, your organization will benefit from our in-depth experience, ensuring financial transparency and compliance while minimizing disruptions during the audit process.
Payroll and Donation Tracking Solutions for Non-Profits
Effective payroll and donation management are crucial for non-profit organizations, and GTA Accounting Group offers specialized services to ensure compliance and accuracy. Non-profits often face unique challenges with payroll, including managing funds from multiple sources, such as grants and donations, while ensuring compliance with labour laws and IRS regulations.
Non-profit payroll management involves more than just paying employees—it requires careful tracking of how funds, including grants, are allocated for payroll expenses. We ensure that your payroll complies with funding restrictions and regulatory requirements. Key features include:
- Grant Tracking: We help you track payroll expenses against specific grants to ensure compliance with grant restrictions.
- Volunteer and Employee Differentiation: Non-profits often work with volunteers and paid staff. To maintain compliance, we ensure these roles are appropriately differentiated in your payroll records.
- Automated Tax Filing: Our system ensures that federal, state, and local payroll taxes are automatically calculated and filed, reducing administrative burden.
Tracking donations is another critical aspect of non-profit financial management. We provide systems that integrate donation tracking with your financial reports to ensure transparency:
- Fund Segmentation: We help you track restricted and unrestricted funds, ensuring that donations are used according to donor restrictions.
- Comprehensive Reporting: Our systems provide custom financial reports showing how donations are used, enhancing your transparency with donors.
Using GTA Accounting Group's payroll and donation tracking solutions, your non-profit can streamline financial management, allowing you to focus more on your mission and less on administrative tasks.
Outsourced Accounting Services for Non-Profits
At GTA Accounting Group, we understand that many non-profit organizations operate with limited resources. Hiring a full-time, in-house accounting team can be expensive and time-consuming. That’s where outsourced accounting for non-profits becomes a game-changer. By outsourcing your accounting needs, you gain access to financial expertise without the high costs of hiring and maintaining full-time staff.
Critical Benefits of Outsourced Accounting for Non-Profits
- Cost Efficiency: Outsourcing saves overhead costs such as salaries, benefits, and office space. This efficiency allows you to allocate more resources to your mission than administrative expenses.
- Specialized Expertise: Non-profit accounting has unique requirements, from grant management to compliance with IRS regulations like Form 990. Outsourced accounting firms bring deep knowledge of these complexities, ensuring compliance and accuracy in financial reporting.
- Scalability: Outsourced services can be tailored to your organization's current needs. They can be scaled up during busy periods such as fundraising campaigns and scaled down when fewer resources are needed. This flexibility allows you to adapt to financial challenges without overcommitting.
- Enhanced Transparency: By outsourcing, you ensure that your financial reports are clear, accurate, and regularly updated, which is crucial for maintaining donor trust and meeting regulatory requirements.
- Focus on Mission: Outsourcing accounting tasks lets your team focus on core activities, such as program development and fundraising, while experts handle financial management.
If you're ready to streamline your financial management and improve compliance, contact GTA Accounting Group today to learn how our outsourced accounting services can help your non-profit organization thrive.
Moving Forward with Expert Non-Profit Accounting
By partnering with GTA Accounting Group, your non-profit can access specialized financial expertise that ensures accuracy, compliance, and transparency. Whether it’s managing payroll, tracking donations, or filing IRS Form 990, our services allow you to focus on what matters most—your mission. Let us help you streamline your financial operations so you can continue to make a difference in your community.
Please contact us today to learn how our tailored solutions can support your organization's goals.
Our Amazing Team
Dennis Williams
Manager Cross Border Tax department (Canada–US)
Sohail Afzal
CEO & Founder
Steven Matos
Principal
Nathan Kazmierski
Tax & Assurance Partner
Discover testimonials for insights into our approach.
"GTA Accounting Group has been a game-changer for our business. Their attention to detail and proactive tax planning helped us save a significant amount on our taxes. We couldn't have done it without their expert guidance. Highly recommend their services!"
John S
Manufacturing Business Owner
"We were in a tight spot with the IRS, but GTA Accounting Group handled everything with professionalism and expertise. They fixed the mistakes made by our previous accountant and got us back on track. Their CPA firm NYC is truly top-notch."
Sarah M
Tech Startup Founder
"As a foreign-owned business, we were overwhelmed by U.S. tax laws. GTA's corporate tax advisors in New York made everything clear and straightforward, and they saved us a lot of money by avoiding double taxation. They're the trusted partner we needed."
Pierre L
International Business Owner
"GTA's digital platforms are a lifesaver for someone like me, always on the go. Their user-friendly apps and online resources make it easy to keep track of my finances and make transactions. I appreciate the convenience and security they offer."
Amma Hidson
Business Owner
"GTA Accounting Groups attention to security is impressive. As someone who values the safety of my financial information, I trust GTA to keep my data protected. Their encryption and security measures give me peace of mind."
Liam Johnson
Business Owner
"GTA's technology-driven approach has truly transformed my financial experience. Their advanced tools and resources help me make informed decisions and plan for the future. I'm grateful to have GTA Accounting Group as my financial partner."
Sophia Mitchell
AUX Founder
