Not For Profits

Our Not-for-Profit Services Group serves a broad spectrum of not-for-profit organizations, including health care, associations, libraries, and fraternal organizations, with special service and close personal attention paid to each client.

We sponsor various seminars for our not-for profit services group, including Understanding Financial Statements, Preparing Form 990, Understanding Financing Options, How to use EXCEL and many more.

Our Not-For-Profit Services Group provides the following services:

Assurance Services - Audit and reviews or compilations of your organizations"s financial statements.
Annual Tax Filings - Preparation of Forms 990, 990-T and 990-PF, the required informational federal tax forms for not-for-profit organizations.
Special Tax Filings- Assistance with preparation of Forms 1023/1024 for start-up not-for-profit organizations seeking not-for- profit status from the Internal Revenue Service.
Single Audits of Federal Programs Under OMB Circular A-133 - Audits required for those organizations expending over $300,000 of federal awards.
Unrelated Business Tax Issues - Analysis of activities that may result in the organization paying income tax.
Internal Revenue Service Audits - Assistance with preparing for and responding to Internal Revenue Service audits.
Budgeting and Forecasting - Development of organizational, departmental or project budgets and financial forecasts.
Strategic Planning - Development and implementation of a sound strategy to direct the organization into the future.
Internal Control Reviews - Detailed review of the organization"s internal control system with recommendations to enhance the system.
Cash Management/Financing Assistance - Review of the organization"s cash management practices with recommendations for improvements, as well as assistance in securing financing.

For more information contact us at info@peroocpa.com

HIRE Act
Do you know about the HIRE Act?

The Federal Government passed the HIRE Act to create incentives for businesses to hire unemployed workers. When a company hires an employee who has not worked a maximum of 40 hours in the immediately preceeding 60 days, the company is eligible for the HIRE Act incentive. This incentive will save the employer 6.4% (equal to the employer\'s share of the Social Security tax) of the employee\'s wages for the remainder of 2010. If the employee is employed 52 consecutive weeks, and earns at least 80% in wages for the second 6 months as in the first 6 months, the company is then eligible for an additional $1,000 tax credit in 2011.