Red Alert
Palm Beach
Naples
Palm Beach (561) 655-8700
Naples (239) 353-8700

Non-Profit

Hafer Company, LLCWhen it comes to tax planning and tax preparation, non-profit organizations face unique challenges such as complex reporting requirements and specialized tax laws. The professionals at Hafer & Company Certified Public Accountants and Consultants in Palm Beach and Naples, Florida understand these challenges and can help your organization meet all your tax compliance and reporting needs.

At Hafer & Company, we provide comprehensive accounting and tax services to all types of non-profit organizations in Florida, such as private foundations, religious organizations, healthcare organizations, trade and professional associations, youth sports league organizations, advocacy groups, educational organizations and charitable organizations.

Our accounting and tax services include:
  • Financial statement audits, reviews and compilations
  • Tax planning and preparation
  • Filing Form 990 and other related tax forms
  • Application for exempt status [501(c)(3)] and filing Form 1023
  • Analysis of unrelated business income tax (UBIT) issues
  • Special projects analysis
  • Internal control review and evaluation

Attestation Services

Compilations | Reviews | Audits

Many organizations, including non-profit entities, are required by law to produce some type of formal accounting report for third party review at least once a year. At Hafer & Company, we offer three levels of reporting: compilations, reviews and audits.

Compilations

A compilation is the minimum level of service that a CPA can provide for a client's financial statement. During a compilation, we will determine that the full disclosure financial statements are reported appropriately based on the information provided to us by management, yet we are not required to verify or corroborate this information. However, if we become aware that the information supplied by management is incorrect or misleading, the information must be revised or additional information must be obtained. With a compilation, we do not provide any assurance that the financial statements are materially accurate.

Reviews

A review is more detailed and comprehensive in scope than a compilation. During a review, we will assure that the full disclosure financial statements are prepared appropriately by asking management questions about the information provided to us and analyzing the data. If we discover that the information supplied by management is incorrect or misleading, the information must be revised or additional information must be obtained. With a review, we can provide limited assurance that the financial statements are materially accurate.

Audits

An audit meets the most stringent reporting standards and provides the highest level of assurance that an organization’s financial statements are materially accurate. During an audit, our accountants will perform procedures to assure you that the financial statements are not misleading  by analyzing accounting records, physically reviewing them and corroborating financial information from third parties (such as banks, insurance providers, attorneys, and other third parties we deem necessary). We will also evaluate the effectiveness of internal controls and provided information on the weakness of internal controls if necessary.

Whether we prepare a compilation, review or audit, for you, our reports always meet or exceed professional and industry standards. At Hafer & Company, you can be assured that our accountants have the experience and knowledge to accurately prepare any type of report you need.

Resources


We recognize the valuable role of non-profit organizations in our community, and we are committed to helping your organization operate in an efficient and cost-effective manner. Find out how we can help you. Call the accounting and tax professionals at Hafer & Company today at (561) 655-8700 in Palm Beach, Florida or (239) 353-8700 in Naples, Florida.

Palm Beach, Florida
249 Royal Palm Way, Suite 300
Palm Beach, FL 33480
Phone: (561) 655-8700
  Naples, Florida Office
649 Fifth Avenue South, Suite 200
Naples, FL 34102
(239) 353-8700