Accounting and Tax Services for Non-Profits in Tampa CPA

The Statement of Functional Expenses breaks this down into program costs versus administrative expenses. The Statement of Cash Flows shows you received the money in January but spent it gradually through December. We scored Tampa accountants on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best. Before applying for tax-exempt status with the IRS, you need to register your nonprofit status with your state.

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• Many nonprofits are turning to outsourced human resources service providers to address these issues.
• Level Tax & Travel extends its services to sales tax preparation and payroll data management.
• As a recognized leader in the field, Hacker, Johnson & Smith PA works with companies across the Bay Area to manage financial health and ensure compliance with tax laws.
• We understand that detailed and responsive service are the foundation for all good partnerships.
• You’ll feel confident knowing a trusted financial professional is overseeing and improving the financial aspect of your organization while you work to grow your memberships and improve your services.

Contact us today, and feel free to discuss your requirements with our experienced team. For less than what it costs you to do it yourself or hire someone, Fontana Consulting PLLC can manage all or part of your accounting function. We prepare timely and accurate financial reports and then provide you valuable analysis of your financial data.

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Effective July 1, 2025, Florida’s Senate Bill 700 introduced changes to how nonprofits can solicit and accept charitable contributions within the state. For organizations navigating the complexities of compliance and donor management, these new requirements add another layer of scrutiny, especially for those bookkeeping tampa with international ties. Why stress your resources by trying to handle all your accounting and bookkeeping tasks in-house? We can handle all the accounting and bookkeeping needs of any kind of non-profit organization. We’ll keep your books organized and current, prepare financial statements and handle all your accounting functions. Your nonprofit’s performance depends on more than the funds you raise.

• The company specializes in bookkeeping, accounting, and business consulting.
• Clients praise the company’s integrity, efficiency, professionalism, and attention to detail.
• The law also establishes an “Honest Services Registry,” a public list of nonprofits that certify they do not receive support from restricted foreign sources.
• Financial statements provide insight into how much money your nonprofit has, where you spend it, and how it’s used.

Ready to take your business to the next level?

From GAAP audits to tax Remote Bookkeeping compliance and planning, as well as financial statement preparation, we have you covered. This guide strikes a balance between basic nonprofit bookkeeping and complex nonprofit accounting practices. It covers everything from basic principles to financial statements and compliance requirements, explained in clear, practical terms that are easy to understand and apply.

What to Expect from James Moore’s Nonprofit Audit Readiness Service

For example, New York and California have detailed reporting requirements, assets = liabilities + equity while other states might be more relaxed. The Statement of Activities tracks how you use it throughout the year—maybe $80,000 for mentor training, $15,000 for program staff, and $5,000 for required reporting. This public accessibility means your financial management needs to be spotless. These reports need to show how they helped advance the organization’s mission. One of the first things we need to clarify before digging deeper into bookkeeping for a nonprofit is the difference between nonprofit and for-profit entities.