Not-for-Profit
Because not-for-profit organizations are as motivated to reach their financial goals as organizations that must answer to the bottom line, nonprofit accountants can help. Yet nonprofts are affected by a whole different set of considerations. Since our firm’s inception, our nonprofit accounting specialists have been assisting a variety of not-for-profit entities with their accounting needs. We provide specialized tax research on such areas as employer/employee independent contractor status, tax exempt financing, pension plans, employee fringe benefits, contributions of property, excise taxes, intermediate sanctions, and formation of joint ventures.
Capabilities:
- General Accounting and Business Consultations
- Financial Statements
- Preparation of Form 990
- Evaluations Regarding Unrelated Business Income Tax
- Internal Control Reviews
- Cost Allocations Plans
- Employee Benefits Services
- Audits in Accordance with Government Auditing Standards
- Assistance in Implementation of New Accounting Standards
Business Tax Planning and Preparation
Business Tax Planning and Preparation HBC CPAs provides complete and diversified tax services including federal, state, and local tax return preparation. We understand the challenges that businesses face. At HBC CPAs, we are knowledgeable about the constantly changing...
Internal Control and Systems Evaluations
Internal Control & Systems Evaluations Internal controls are the policies and practices established to protect an organization’s assets, ensure accurate financial reporting, and facilitate that goals and objectives are effectively accomplished. To...
Fixed Assets System Implementation
Fixed Assets System Implementation Fixed assets often require additional attention because of the complicated tracking and documentation that they require. Fixed assets are constantly changing; therefore, it is essential to establish systems to monitor the...
Cost Allocation Plans
Cost Allocation Plans Cost allocation is an important step in financial reporting and understanding business profitability. Whereas budgeting determines how much money you spend, cost allocation indicates how you spend money, by assigning costs to cost objects. HBC...
Compilation and Review
Compilation & Review Compilation HBC CPAs can generate formal financial reports prepared from accounting records. These statements may include a balance sheet, statement of retained earnings, statement of income and a statement of cash flows. Review An unaudited...
Audits
Audits Financial statements summarize the financial status and results of operations of a business entity. HBC CPAs provides formal financial reports prepared from accounting records. Those statements may include a balance sheet, statement of retained earnings,...
Business Valuations
Business Valuations Determining a company’s value is a highly complex process. We consider the nature of the company, its history and economic outlook, financial condition, earnings capacity, dividends, prior stock sales and values, locations, quality of management,...
CFO Consulting
CFO Consulting Regardless of your position in the life cycle of your business, or the speed at which you find your business moves, HBC CPAs can help you identify and confront critical issues and pinpoint problems — fast — to develop innovative solutions to reach and...
Financial Statements
We offer the highest quality auditing and assurance services to businesses of all sizes.
Client Accounting
Client Accounting HBC CPAs realizes many businesses would rather concentrate on business than handle meticulous accounting work. That is why we offer a complete line of accounting services to ease this burden for our clients. Whether you are looking for occasional...
Individual Tax Planning & Preparation
Tax Preparation For Individuals Tax law is constantly evolving and can overwhelm taxpayers with uncertainty. HBC CPAs provides complete and diversified tax services including federal, state, and local tax return preparation. We understand the challenges facing...