Like an incorporated company, not-for-profit organizations need to have a year end completed. However, not-for-profit organizations (such as societies and registered charities) account for their transactions differently than for-profit businesses. Financial statements are prepared under a different format and government filing obligations differ depending on the type of not-for-profit organization.
Not-for-profit year end services include:
- Financial statement preparation
- Corporate income tax return preparation (for societies)
- Charity return preparation (for registered charities)
- Assistance with specialized funding reports
It’s important to have someone who understands these differences prepare your year end and tax return. Kristine has the experience you need in this area of accounting to make sure your financial statements and tax returns are prepared correctly.