Non - Profit

MF Tax Group has the experience necessary to provide assurance services for Non - Profit Organizations.

With detailed reporting in compliance of the frequent regulatory changes that affect Not - For - Profits we give you the tools to do what you do best.

GOING BEYOND BASICS

OUR NON - PROFIT TAX SERVICES

  • Complete and file your non-profit status application.

  • Prepare and file the 990 and 990T Tax forms.

  • Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.

  • Payroll Tax Preparation and Deposits.

  • Review and compile your financial statements.

  • Design, install, and maintain your Accounting System.

  • Weekly, bi-weekly, or monthly payroll preparation.

  • Churches: We prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers.

We will teach you how

Want to know the secret to keeping your account cost low? MF Tax Group teaches you what is needed to make the most of your administrative staff. We provide training for your account personnel and training for your board on non-profit financial statement usage and effective budgeting practices.

If you’re starting a new not-for-profit organization we can help you prepare your organization’s 501 (c) (3) application for tax-exempt status

HERE’S WHAT’S NEEDED

  • Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations

  • Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets

  • Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers

  • Fund Raising Program Descriptions

  • IRS Processing/Filing Fee

  • Article of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501 (c) (3) and defined in Treasury Regulation 1.501(c)(3) -1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 (“Organizational Test”)

  • Employer Identification Numer

  • By-laws of the Organization

  • Minutes of Board Meetings

  • Names, Addresses, and Resumes of Board Members

  • Names and addresses of all Active Members

  • Inventory of Assets like cash, furniture, equipment, property, pledges

  • Inventory of Liabilities like mortgages, accounts payable, loans

  • Rent/Lease Agreements and Contracts

  • Revenue and Expenses Statements for the last four years or as far back as possible if your organization has been existence for less than for years

  • Written Reason for Formation and History of the organization

We are happy to prepare any of these items if you need help.

Questions?

office@mftaxgroup.com
(954) 732-4495
(561)501-1553

8409 N. Military Trail, Suite 119
Palm Beach Gardens, FL 33410