Reliable Nonprofit Tax Preparation Services

Tax season can be particularly challenging for nonprofits, whether you’re involved in a foundation or an association. To navigate these complexities and reduce costly errors, you can rely on Peters Bandura, LLC. We provide efficient Birmingham nonprofit tax preparation services, allowing you to focus on serving your community. Whether you need help claiming deductions or understanding new tax laws, our team is here to support you.

Expertise You Can Trust

Our CPAs have served as board members for nonprofits and bring a deep understanding of nonprofit accounting. We can even function as your nonprofit’s accounting department. Contact us today for a free consultation to see if our services are right for you.

3 Benefits of Professional Tax Preparation

If you’re unsure about the value of our nonprofit accounting services, consider these benefits. During your initial consultation, we’ll outline the advantages of our services, such as:

  1. Improving Tax Law Knowledge: Tax laws change frequently and can be difficult to follow. We bring extensive tax law expertise to ensure your filings comply with the latest regulations.
  2. Increasing Efficiency: Our years of refining nonprofit tax services ensure that your taxes are prepared and filed efficiently.
  3. Saving You Time: Tax preparation is time-consuming. By outsourcing to us, you can focus on your mission while we handle the paperwork.

Helping You File Form 990

Form 990 is critical for nonprofits during tax season, providing transparency for stakeholders and maintaining tax-exempt status. Depending on your organization’s size, you’ll need to file one of three forms:

  • Form 990-N: For tax-exempt organizations with less than $50,000 in gross receipts.
  • Form 990-EZ: For organizations with gross receipts between $50,000 and $200,000.
  • Form 990: For organizations with over $200,000 in gross receipts.

No matter which form you need, we manage the entire filing process for you.

Claiming Tax Deductions for Nonprofits

While nonprofits are generally tax-exempt, they may incur unrelated business income tax. Tax deductions can help offset this. Common deductions include:

  • Repair Costs: Deductions for repairs and major renovations of your workspace.
  • Marketing Expenses: Deducting advertising and marketing costs.
  • Wage Costs: Deducting wages paid to employees, excluding interns and volunteers.

Nonprofit Tax Preparation FAQs

Here are some frequently asked questions about our services:

  • When are my tax forms due? Typically, nonprofit tax forms are due on the 15th day of the fifth month after your tax year ends. We monitor changes to ensure you meet deadlines.
  • What records are needed to file taxes? Detailed records of income, expenses, and losses are required for transparency.
  • Can you handle complex taxes? Yes, we have extensive experience managing complex nonprofit taxes.

Nonprofit Tax Help for You

At Peters Bandura, LLC, we are committed to helping nonprofits prepare and file their taxes, whether tax-exempt or not. Contact us today for a free consultation and get the Birmingham nonprofit tax preparation services you deserve!