Today's public has stringent expectations of the government and non-profit entities that serve it. The call for greater accountability, efficiency, and responsibility has sounded loud and clear from taxpayers and donors across the country, and municipal and philanthropic agencies are pressed to steward their assets with more prudence, frugality, and transparency than ever before.
LeMaster Daniels' Public Sector Group understands the obligations of government and non-profit organizations, as well as the complexities and nuances that surround their operation. We can help you maintain community goodwill through openness and due diligence, positioning your organization as not only worthy of public funding, but also attractive to private benefactors.
Our experts help you focus on your important mission by providing the following services:
- audits (registered with the Government Audit Quality Center)
- general accounting, financial statements, and CFO-level guidance
- audits and consulting for employee benefit plans
- internal control reviews and forensic audits
- consulting on state and federal tax issues
- preparation of exempt returns
- IRS and grant compliance review
- cost certification audits for affordable housing ventures
- cost/benefit analysis and general business consulting
- 501(c)(3) applications entity formation
- strategic planning and facilitation
- board governance and training
- fundraising and development
- assistance with capital financing
IRS and DOL issue new rules affecting 403(b) plan holders
Plans now subject to same audit and reporting requirements as 401(k) plans
Plus, more info here
Important new Form 990 instructions for tax-exempt organizations
What you need to know
Law changes affect tax-exempt orgs' filing and disclosure requirements
IRS updates "Tax Exempt Status for Your Organization"
Check out Fundamentals, a quarterly publication featuring ways and means for the public sector
Take a look at how we've put our knowledge in nonprofits to work for Catholic Charities.