Non-Profit Startup

Let Us Help You Create The Non-Profit of Your Dreams!

We’re a completely remote firm serving clients nationwide, with direct service in Roseville and surrounding areas including Citrus Heights, Folsom, Rocklin, Sacramento, West Sacramento and other cities in the respective counties.

In order to setup and maintain your tax exempt status, your organization must meet very specific expense and income classifications. The IRS determines your eligibility with the following:

9

Yearly Income Statements

Categorizing specific expense and revenue details such as donations, salaries, postage, rent, etc.

9

A Yearly Balance Sheet

Including cash, accounts receivable and accounts payable.

9

Individual Program Expense Statements

Detailing every expense for each program, service or seminar, including things like educational mailings.

9

Revenue Support Schedules

Detailing charitable donations, membership fees, and investment interest.

As you can see, the way you set up your bookkeeping and accounting system is crucial to successful maintenance of non-profit status. Luckily, we can help you create the necessary bookkeeping systems and can even take care of filing the forms for you yearly.

Our non-profit services include…

9

Filing of your non-profit status application, initial start-up documentation, incorporation, FEIN, and payroll setup with federal and state agencies. For new non-profits, contact us for a list of items needed to apply for 501 (c)(3) status.

9

Reviewing and compilation of your financial statements.

9

Design, training and maintenance for your accounting system.

9

Yearly filing of the necessary IRS tax forms.

9

Board training services regarding non-profit budgeting and management practices.

9

For Churches, we prepare the pastoral housing allowance and other required benefit documentations.

Let Us Help:

How Much Cash Should A Business Have On Hand? 5 Star Accounting & Business Solutions LLC’s Guide for Roseville Businesses

 Quick Answer: A small business should keep three to six months of baseline operating expenses in liquid reserves while maintaining a Quick Ratio of at least 1.0. This cash buffer protects your daily working capital against payment delays and seasonal revenue...

How To Fix Common QuickBooks Online Problems Roseville Small Business Owners Face

 Quick Answer: To fix common QuickBooks Online problems like mismatched bank balances and miscategorized expenses, disable auto-categorization settings, match bank feed entries directly to open invoices, and reclassify direct delivery labor into Cost of...

How to Write Off Business Bad Debt In Your Roseville Business Before Year-End

 Quick Answer: Uncollectible business receivables on accrual accounting convert into ordinary operating losses, eliminating phantom profit from your P&L dollar-for-dollar. To lock in this tax offset and protect working capital, your finance team must...

The Roseville Small Business Q3 Payroll Checklist for a Painless Year-End Close

Quick Answer: Your Q3 payroll checklist should focus on auditing year-to-date OBBBA wage allocations, locking down contractor W-9 compliance, verifying tax deposit schedules, and zeroing out balance sheet clearing accounts. Tackling these items before October...

What Are the Small Business Mistakes To Avoid for New Roseville Owners?

 Quick Answer: The main financial mistakes new business owners make are confusing net profit with liquid cash flow, mixing personal and business funds, and delaying expense tracking until tax season. Avoiding these traps helps you get clear financial...

What Business Structure Is Best For Selling Your Roseville Business?

 Quick Answer: The best business structure for selling your business depends on your target buyer pool, but multi-member LLCs and Delaware C corporations consistently command the highest valuation multiples and buyer demand. Multi-member LLCs deliver maximum...

What Are the Disadvantages to Sole Proprietorship for Growing Roseville Business Owners?

 Quick Answer: The primary disadvantages to sole proprietorship for growing business owners are unlimited personal liability and unnecessary tax drag on scaled net profits. Operationally, this simple structure restricts access to commercial credit, creates...

Why Is R&D Important For Your Roseville Small Business’s Growth?

 Quick Answer: Small business R&D encompasses everyday technical projects aimed at overcoming operational or product hurdles, including custom software development, product prototyping, and process automation. Strategic CFO planning evaluates the...

How To Separate Personal And Business Expenses Faster For Roseville Business Owners

 Quick Answer: Learning how to separate personal and business expenses comes down to setting up dedicated business cards, automating recurring bill categorization, and using smart accounting tools to capture purchases in real time. Setting up a background...

Should Your Roseville Business’s Benefits Packages For Employees Include Trump Account Contributions?

 Quick Answer: Adding employer-funded Trump Account contributions as part of your benefits packages for employees allows your business to deliver up to $2,500 per employee annually in tax-favored family benefits, saving 7.65% in employer FICA liabilities...

Ready to come in for an appointment?

Click here to schedule a time to meet with us. We will NOT make dealing with a tax professional as painful as it’s been in the past!