Maintaining Your Nonprofit Compliance With Audits in Freehold, NJ
Churches and not-for-profit organizations are allowed to operate without paying income taxes, but they have to demonstrate their adherence to the rules that grant a tax-free status. Alston & Company specializes in church and nonprofit auditing and consulting services in Freehold, New Brunswick, Trenton, NJ, and all tristate area communities.
What are Attestation Services?
Compliance services, also called attestation services, are functions designed to prove an organization is adhering to legal regulations imposed by their state government and the federal government.
There are three levels of compliance, differing in extensiveness and the purpose they are used for:
The financial statements drafted as part of each type of attestation allows nonprofits and churches to plan for the future while demonstrating how they presently fall in line with all regulations.
Attestation for Churches
While every not-for-profit entity has to undergo compliance services regularly, churches are in a unique position because they are often too worried about maintaining compliance. The unfortunate reality is that many religious organizations spend the money that could be used serving their members and community on a CPA’s formalized opinion—that is, an audit—at times when lower levels of compliance are more appropriate. Our full-service accounting company understands this reality and properly times out audits so that they only occur when required, offering reviews and compilations when suitable.
Contact Our Firm for Specialized Audit Services
Alston & Company is proud to help churches and other nonprofit organizations through audits, compilations, and reviews specifically designed for them. For more information about the support we offer for religious organizations and other not-for-profits, call us and schedule a consultation today.