Non-Profit Startup

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

Yearly Income Statements – categorizing specific expense and revenue details such as donations, salaries, postage, rent, etc.

A Yearly Balance Sheet – including cash, accounts receivable and accounts payable.

Individual Program Expense Statements – detailing every expense for each program, service or seminar, including things like educational mailings.

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…

  • 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.
  • Reviewing and compilation of your financial statements.
  • Design, training and maintenance for your accounting system.
  • Payroll management and preparation.
  • Yearly filing of the necessary IRS tax forms.
  • Board training services regarding non-profit budgeting and management practices.
  • For Churches, we prepare the pastoral housing allowance and other required benefit documentations.

Let Us Help:

CFPB Small Business Loan Requirements & Your Connecticut Biz

The 2024 federal tax season has reached its end…  well, unless you joined the other 19 million taxpayers and filed for an extension. That’s something we anticipate every year here at Emelia Mensa, CPA. And we’ll be working away the next few months on...

A Warning About Social Media Tax Advice for Connecticut Taxpayers

I’ve had plenty of clients over the years come to me in a terrible position with their taxes because they trusted the wrong person’s advice or fell prey to a scam… or both. In fact, the third most commonly reported fraud is tax refund fraud, and every year...

3 Debt Elimination Steps for Your Connecticut Small Business

Lots going on this week. Namely…The tax filing deadline is Monday, April 15th. For any of our business clients who haven’t yet reached out to us, we can still take you on by filing an extension on your behalf and then managing the filing after. But, remember, you...

A New Retirement Plan for Connecticut Small Business Owners

Well, the U.S. government has decided it can go on spending money – 1.2 trillion dollars to be exact. That means the departments of State, Defense, Labor, Health and Human Services, and Homeland Security are funded, through next September anyway. So the shutdown...

Common Tax Penalties Connecticut Taxpayers Can Easily Avoid

Remember that frantic scramble to file your taxes on April 15th? Procrastination happens, especially with taxes.But a rushed job often leads to a botched job. Why? Because there’s no time to double check to make sure everything is right. Small mistakes can be a big...

Manage Remote Workers Through I-9 Requirements: A How-To for Connecticut Businesses

Double-checking is a motto we live by here at Emelia Mensa, CPA. It’s just good sense when you’re dealing with complicated tax code and people’s returns. No one situation is quite the same with our clients. And you can be sure we’re giving your tax filing a...

Why Retain Connecticut Business Advisors Year-Round

Well, since we’re in full deja vu mode right now with the presidential election bid and this year’s Super Bowl outcome… let’s talk about the Employee Retention Credit… again.Because this week is the deadline for withdrawing ineligible claims — March 22. That’s...

IRS Collection Notices Hitting Your Connecticut Mailbox?

One thing you don’t really want showing up in your mailbox (besides all of those dental office and windows installation ads) is a collection notice from the IRS.And, for two years, you had a reprieve thanks to the IRS halting many of their collection notices so they...

Zero-Based Budgeting in Your Connecticut Small Business

No business management technique is sacred anymore. And rightly so.In my world, there’s been a trend in recent years with businesses moving away from traditional, fixed budgets towards more flexible approaches. I think that could be said for most tasks within business...

Making Your Connecticut Business and Tech Work Together

When I see relevant stats that my business owner friends should know about, I’m going to share them with you. (You already know I’m a numbers person, after all.)But first, a quick note about the business filing deadline.Namely, that it’s a week and a half away (on...

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!

Contact Us