Not-for Profit Accounting, Tax and Advisory Services
Services for Nonprofit Organizations
From tax regulations to unique reporting requirements, not-for-profit associations and nonprofit start-ups require a certain expertise to address their distinctive financial needs. PKHB CPAs’ team of experienced accountants helps nonprofit associations, charities, service organizations not-for-profit startups and foundations manage their nonprofit assets while also sustaining their important missions.
You must balance the best interests of the constituency you serve with a board of directors that has a fiduciary responsibility to your donors. We get that. You must diligently ensure that your organization’s goals are met, while also operating in an environment of increased government scrutiny and stakeholder accountability. We get that, too. And then there’s your limited pool of resources.
Tax, Accounting and Audit Services for Nonprofits
Our financial experts recognize the unusual hurdles that nonprofits face. In fact, many of us serve on the governing boards of not-for-profit organizations and have special insight into these challenges. Let our skilled accountants and nonprofit tax preparers provide you with high quality, cost-efficient nonprofit audit, nonprofit accounting and nonprofit tax services that protect your organization’s assets, solidify its good reputation and ensure its overall integrity.
PKHB’s not-for-profit financial services include:
• Audit Services, including Single Audit (formerly, OMB Circular A-133) and Governmental Auditing Standards (“Yellow Book”)
• Bookkeeping Services
• Financial Statements Preparation (including Review Services)
• Pension Auditing, Administration & Consultation
• Tax Prep, Planning & Consultation
Our not-for-profit tax experts are knowledgeable in all aspects of the following nonprofit finances: formations and dissolutions, annual requirements of 501(c)(3) organizations and 501(c)(6) organizations including the filing of IRS Form 990s and 990PFs, and NYS filings such as NY State CHAR-500s, unrelated business tax returns, and the multitude of other stringent financial regulations that govern nonprofit entities.
With offices in Catskill, Hudson, Kingston, Saugerties, Valatie and Albany, NY, PKHB has been serving not-for-profits, businesses, and individuals since 1946. Many of our team members have been with us for decades, allowing us to provide seamless, personalized service to our many long-time clients. We also work hard to nurture relationships with new ones. We take reputation as seriously as you do.
PKHB works with arts and humanities organizations.
PKHB builds long-lasting relationships.
Brad Cummings and his team are terrific to work with which is why we keep coming back to PKHB. Not only are they conscientious and thorough, they are also always accessible and really know our organization well. Brad takes the time to help us think through challenges and arrive at new opportunities to improve our financial management. This is something you can never find with a big firm.
Over the last ten years, PKHB has served our diverse non-profit organization. We appreciate their depth of knowledge in the non-profit area, their attention to deadlines, and their readiness to address special needs that come up through the year. Furthermore, PKHB partners are an excellent resource for issues that come up and they go above and beyond to ensure we stay in compliance with government regulations and best practices.
PKHB conducts our annual Columbia-Greene Hospital Foundation audit, and prepares our financial statements, our 990, and our CHAR 500. The process goes very smoothly. Matt presents the financial statements and 990 to the Foundation Board of Trustees at their spring board meeting each year. PKHB has been very helpful in ensuring our Foundation policies and procedures reflect the many details of the NY State Non Profit Revitalization Act and he was instrumental in setting up an Endowment that came to us in the form of a bequest. Just recently, the bookkeeper on my staff was out on an extended medical leave. Matt went out of his way to instruct me on maintaining error-free books. PKHB is always very responsive when we have questions. PKHB returns calls and e-mails promptly and answers questions thoroughly and thoughtfully. Matt has worked as our Foundation accountant for many years and his services have helped us to become financially efficient. Your Foundation would be well served with PKHB as your next CPA firm.
The Ashokan Center has had the great pleasure of working with PKHB staff since 2008. They have been instrumental in helping us to both improve our accounting practices and navigating the evolving Revitalization Act of 2013. PKHB has made us a stronger, more professional organization, and they have done so with grace and humor.
During a crucial time of transition, we found PKHB to be exceptional in every respect. From handling our basic accounting needs to guiding us through the process to achieve 501 (c) 3 status, PKHB has been highly professional and knowledgeable every step of the way. Everyone we have worked with has always been responsive to our board and staff, and understanding of the challenges facing small non-profits.