1051 Boston Post Road, Suite 2 Darien, Connecticut 06820
1051 Boston Post Road, Suite 2 Darien, Connecticut 06820
How a tax professional can help your nonprofit
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HOW WE CAN HELP
What many nonprofit founders don’t realize is that operating even a small nonprofit requires a substantial amount of legal paperwork and financial accounting. Cultivating donors is essential to fund the mission of the nonprofit and facilitate its growth, but keeping track of donations and ensuring the nonprofit follows sound accounting principles is a mandatory requirement as well.
A new nonprofit may start with a bookkeeper or a motivated staff member who has a basic knowledge of financial accounting. As the nonprofit grows, however, a more experienced financial expert may be needed to interpret financial information and provide recommendations regarding the nonprofit’s path forward.
Robert F. Carroll can provide the accounting expertise to ensure the financial stability and health of a nonprofit while also evaluating and guiding its financial future. Robert Carroll has worked as a certified public accountant and tax attorney for 17 years, the last eight in Darien, CT.
Preparing and filing IRS Form 990: A nonprofit is required to file this document each year to maintain its tax-exempt status with the Internal Revenue Service (IRS). We will prepare the form and file it.
Audit or Review preparation: Depending on the size of your nonprofit, the IRS may require an Audit or Review. We can do the required testing and analysis and prepare the necessary reports for the IRS, State registrations and the Board of Directors.
General accounting: We will monitor all nonprofit accounts for incorrect information, match the debit and credit records of liabilities and assets, and reconcil all bank accounts as part of internal safeguards against possible fraud.
Maintain all generally accepted accounting principles: This practice will help a nonprofit maintain consistent and transparent financial records.
Robert F. Carroll
Robert Carroll leads a team of experienced tax lawyers, accountants, and bookkeepers. He is both an Attorney and a Certified Public Accountant. He is admitted to practice law in the State of New York, the State of Connecticut, the United States Tax Court, and the United States District Courts for the Southern and Eastern Districts of New York. He is a Certified Public Accountant in the State of New York and the State of Connecticut.
Prior to opening his own law practice in 2009, Bob’s NYC experience included international tax and investment planning at a Big Four accounting firm and wealth management for ultra-high net worth clients at an international bank.