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The accounting professionals at Terry&Company, P.C. successfully work with individuals and business clients in most industries. We specialize in providing accounting and consulting services to the Automotive, Affordable Housing, Small Business and Nonprofit industries. Terry&Company, P.C. is able to provide custom, quality accounting service and solutions to your organization's individual needs and situations.
Staying current to maintain an extensive knowledge of the industries in which we specialize is how our accountants and consultants are able to help our clients achieve their financial objectives. Our services reflect this specialized knowledge.
The accounting consultants at Terry&Company can help you develop competitive strategies that are realistic, putting our staff and yours to their most productive use.
Our CPA firm has a thorough understanding of the importance of the many factors that determine the success of your organization including: funding from federal and state agencies as well as individual and corporate donations and compliance regulations. These factors can determine how successful your organization will be as well as determine your ability to grow and continue to serve the needs of the community.
Our experience allows us to provide you with innovative solutions that meet the needs of your organization. Our nonprofit accountant and consultant services include:
- Informing clients of changing standards affecting nonprofit organizations
- Audits and reporting requirements including OMB A-133
- Nonprofit tax and related reporting issues
- Assisting nonprofit organizations in implementing FASB 116, Accounting for Contributions Received and Contributions Made
- Analysis of unrelated business taxable income
- Evaluation of development activities and planned giving programs
- Fund accounting
- Grant administration and compliance
- Assistance and evaluation of public charity accountability standards
- Needs analysis and regulatory filings
- Internal financial systems and controls
- Assisting start-up, nonprofit organizations in implementing FASB 117, Financial Statement of Nonprofit Organizations
- Audits of employee benefit and retirement plans
- Assistance in development of strategic plan and budget development
- Budget and cash flow projections
- Feasibility studies
- UFR preparation and review services
- Agreed upon procedures
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IRS Form 990 Changes
Tax-exempt organizations are facing many new challenges due to the changes on the 990 form. This return has been expanded to 11 pages and 16 supporting schedules. Terry and Company has over 30 years of experience preparing tax returns for non-for-profit organizations and has staff trained specifically for the industries.
Learn about the new 990 – Terry and Company has summarized the changes of the new 990 for your review.
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