A qualified CPA can provide essential financial guidance and support to help your nonprofit overcome these hurdles and achieve its mission. Included free with your engagement, our team of Intacct and QuickBooks Online experts will migrate, set up, and review your chart of accounts to salt lake city bookkeeping ensure it aligns with nonprofit accounting standards. We work with you and provide you with the tools you need for effective financial recordkeeping and strategic planning.
- While every business needs bookkeeping to some degree, some businesses require it more than others.
- We work with you and provide you with the tools you need for effective financial recordkeeping and strategic planning.
- Our expertise ensures your financial management strategies are as clear and pristine as the mountain air, enabling your organization to navigate the philanthropic landscape with agility and confidence.
- Meaning you get to leverage the combined experience of our CPA-licensed team, at a fraction of the cost of a full-time bookkeeper or accountant.
- So it’s imperative that you build your accountingbookkeeping system around these revenue and expense classifications.
- Nonprofit organizations in Salt Lake and Utah face a constant struggle to balance their mission with financial sustainability.
Tricia Kritzberg, CPA
- Tanner helps best-in-class companies realize their full value through strategic accounting, advisory services, and real relationships.
- Tanner LLC, with offices located at City Creek in the heart of downtown Salt Lake City and in Lehi, is a full-service Certified Public Accounting firm.
- Many people do not know how a professional tax firm differs from a tax preparer.
- With our expertise in nonprofit accounting, we’re not just another contractor.
- As a large Utah-based CPA firm, Tanner has the resources to ensure that all your needs and deadlines are met while offering the personal touch of a local firm.
- With professional services that range from tax and assurance to succession planning, Tanner values long-term relationships.
We pride ourselves on doing the job right and making sure you legally pay the least amount of tax for your situation by taking advantage of all the tax credits and deductions available to you. We also take a proactive approach to finding ways to structure your situation to minimize your future tax burden. When we prepare your return, we provide free audit support by our experienced staff of local Utah CPA’s and EA’s. Our Business Affiliates partner with UNA out of a commitment to serving and assisting nonprofits. While this dedication is commendable, we recommend that you complete your own review to ensure that the goals of these—or any—businesses align with your values. Your due diligence helps ensure informed decision-making and fosters productive partnerships.
Bookkeeping Services
We can help you setup and maintain your non-profit organization’s tax-exempt status by handling all the IRS reporting for you. Education is a priority within the nonprofit sector, with organizations dedicated to improving literacy, providing after-school programs, and increasing college and career readiness, particularly for low-income and minority students. Environmental nonprofits are prominent in Salt Lake City, reflecting the region’s connection to its natural surroundings and its concerns over air quality, water conservation, and climate change. These groups lead conservation efforts, promote sustainable practices, and advocate for environmental justice. We’ll offer guidance and assist in streamlining your financial processes to ensure you follow proper accounting guidelines.
Lotus Bookkeeping Service, Inc.
While both certifications are related to finance and accounting, they differ in terms of the roles they fulfill and the skills they emphasize. Sign up for our email communications and follow our social media channels. We’d love to demonstrate how we can add huge value to your organization at a fraction of the cost Retail Accounting of a traditional accountant. To discover how we can make your life easier, hit the button below to claim your FREE 30-minute strategy session. Nonprofit bookkeeping is all about telling a story with your finances. We make sure your employees are paid on time and that all payroll-related paperwork is filed in a timely manner.
These include how is sales tax calculated fund accounting needs, compliance to maintain tax-exempt status, permits to solicit donations in Utah and other states, and unique reporting requirements for donors, grantors, regulators, board members and the public. Using a licensed accounting professional will almost certainly provide a much better result than doing it yourself. In addition to the stringent licensing process, our full-time, year-round staff of Utah Certified Public Accountants and Enrolled Agents are required to undergo continuing education every year as a requirement of keeping their licenses. To ensure we are always on top of the constantly changing tax law, our firm actually requires our staff to complete more continuing education than the minimum licensing requirements.
