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For more information regarding our Not-For-Profit services including audits or completion of the Form 990, please contact any of the following individuals:
In Richmond
Christopher P. Fallon, CPA
Gregory A. Forman, CPA
David W. Reardon, CPA
David E. Will, CPA
In Tri-Cities
Thomas A. Puryear, Jr., CPA
M. James "Jimmy" Hartson, Jr., CPA
Mr. Will has been recognized by Virginia Business Magazine and the Virginia Society of CPAs as a "Super CPA" in the area of nonprofit accounting since the inception of the program in 2001.
Mitchell, Wiggins & Company LLP provides a team approach to not-for-profit accounting engagements. A typical team would include a Tax Partner, Engagement Partner, Manager and professional staff.
We have an excellent record in meeting time requirements for accounting engagements. Scheduling meetings are held on a regular basis for all clients and a master schedule of engagements is implemented. Clients’ engagements and time frames are reviewed and staffed accordingly. Typically, clients retain the same audit and tax team from year to year. As a result of our scheduling practices and little turnover in audit teams and staff, Mitchell, Wiggins & Company LLP has been able to maintain an excellent record of meeting deadlines with clients. Furthermore, due to the nature of not-for-profits, the Firm is also aware of the scheduling of board meetings and volunteer time and works with clients to meet those timeframe's.
References are available from over 80 not-for-profit clients in central Virginia upon request.
Mitchell, Wiggins & Company is also a member of CPAmerica. Our Firm regularly shares information with member CPA firms across the United States with conferences and on-line discussion boards in the area of not-for-profit organizations. Our partners serve on various boards in central Virginia
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Not-For-Profit Audits
Form 990
If you are looking for a new accounting firm for your not-for profit organization , you've come to the right firm.
Heavily regulated, carefully budgeted, and prone to scrutiny, not-for-profit and government related entities need thorough and meticulous financial assistance from an experienced professional who understands their unique requirements.
By partnering with Mitchell, Wiggins & Company LLP, you will receive advice and counsel from professionals who know and understand your organization. Mitchell, Wiggins & Company LLP has been working with various not-for-profit and government related entities for more than 60 years. Our list of clients includes many prominent community, charitable, and industry-related organizations, including those that require audits under governmental auditing standards.
Efficient not-for-profit audits require a high degree of innovation, technical proficiency, financial acumen and experience. The team we offer to serve you possesses these attributes and our organizational structure supports their ability to provide vital information and advice quickly and decisively. We have experience with a wide variety of not-for-profit organizations including:
- Arts & Culture Societies Advocacy Groups
- Community Development Organizations
- Country Clubs
- Economic Development Agencies
- Educational Institutions
- Member Associations
- Health Care Agencies
- Private Foundations
- Public Charities
- Real Estate Foundations
- Religious Organizations
- Research Organizations
- Trade Associations
- Youth Organizations
Prior to any engagement, a member of our Not-for-Profit engagement team will discuss with the Audit Committee and Management to gain a full understanding of the philosophy, objectives and policies for operating the organization, as well as to discuss significant business, regulatory and accounting matters that will affect future plans.
Services We Offer Our Clients
- Performing audits under U.S. Government Auditing Standards, OMB Circular A-133, and other specialized audit requirements
- Assisting with the voluntary implementation of Sarbanes-Oxley best practice standards
- Assisting with federal and state tax compliance reporting and various e-filing requirements
- Explaining government regulation disclosure requirements
- Preparation of financial statements -- audits, reviews, and compilations
- Tax preparation
- Identification and planning for unrelated business income taxes
- Bookkeeping
- Business, financial, and strategic planning
Assistance for Executive Directors and Chief Financial Officers with presentation of issues related to organization finances, and training for board members in financial matters
- Design, implementation and review of accounting systems and related internal controls
- Operational reviews and audits
- Internal operation planning and compliance
- Analysis of retirement plan benefits
- Budget development and review
THIRD-PARTY RESOURCES::
The American Institute of Certified Public Accountants (AICPA) provides committees with resources to do the job they need to do as effectively and efficiently as possibly. Providing these tools in the public interest, the AICPA, with the generous support of our sponsors, endeavors to help audit committees, internal auditors, and the leaders of the financial management organization execute corporate governance.
Mitchell, Wiggins & Company makes no representations or warranties as to the accuracies on the above links on www.aicpa.com
Internal Revenue Service (IRS): Charities and Nonprofit
The IRS provides information on not-for-profit regulations at www. irs.gov. You can reach the following topics by clicking on the link below:
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