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Nonprofit CPA Services

Empowering Nonprofits: Let Us Do the Heavy Lifting

Nonprofits deserve skilled tax guidance. SSL Associates is your trusted CPA partner in Chicago, Illinois, and nationwide that delivers clarity and peace of mind with specialized tax return preparation and audit services for mission-driven organizations.

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Our Expertise in Serving Nonprofits

Beyond financial statements, SSL Associates recognizes the heart behind your nonprofit's work. Our team of experienced CPAs specializes in providing tax and audit services specifically tailored to the unique needs of non-profit organizations.

Audit & Assurance

Ensure transparency and accountability with comprehensive audits, reviews, and compilations. We provide independent verification of your financial statements to build trust with donors and stakeholders.

Tax Preparation

Our CPAs handle the complexities of tax filings, including Form 990 and other nonprofit-specific forms, with a focus on accuracy and timely submission.

Grant Compliance and Reporting

We help your organization stay compliant with grant requirements and reporting standards. From managing fund allocations to preparing comprehensive reports, our team ensures every aspect of grant compliance is covered.

IRS and State Audit Representation

Facing an IRS or state audit? We've got your back. Our CPAs have extensive experience representing non-profit organizations during audits. We'll navigate the process, advocate for your interests, and work to achieve a favorable outcome.

Application for Tax-Exempt Status Under Section 501(c)(3)

Streamline your path to tax-exempt status. Our experienced CPAs can guide you through the application process for 501(c)(3) designation and confirm all necessary documents and information are submitted accurately and efficiently.

Focus on Your Mission, Not the Paperwork. Schedule a Consultation for Nonprofit Tax Guidance

Trusted CPAs with a proven track record in serving nonprofit organizations. Schedule your consultation today!

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(630) 819-6040

What Are Some Common Challenges that Nonprofit Organizations Face in Tax and Compliance?

  • Tax Code Maze: Understanding complex tax rules for nonprofits (UBI, lobbying limits, etc.) can be tricky.
  • Keeping Tax-Exempt Status: Nonprofits must maintain meticulous records, follow spending rules, and file accurate Form 990s to keep their tax-exempt status.
  • Income & Expense Classification: Accurately classifying donations, grants, program fees, and unrelated business income with their corresponding expenses can be difficult.
  • Recordkeeping Requirements: Strict IRS recordkeeping rules for donations, grants, expenses, and programs are crucial for audits and demonstrating proper use of funds.
  • Payroll Taxes & Benefits: Nonprofits must withhold and pay payroll taxes, and manage employee benefits, making tax compliance more complex. 
  • Form 990 Filing: Preparing and filing detailed Form 990 tax returns with the IRS annually, and on time, is crucial to avoid penalties for errors or delays.
  • Navigating Audits: Being prepared for potential IRS or state agency audits, with readily available documentation, is essential for non-profit organizations.

Don't let complex tax and compliance challenges distract you from your mission. SSL Associates is here to help! Our team of experienced CPAs specializes in working with non-profit organizations. We can guide you through the intricacies of tax regulations, ensure accurate filings, and help you maintain your tax-exempt status. Contact us today for a consultation and let us focus on the tax side, while you focus on making a positive impact.

Nonprofit Organizations We Serve

SSL Associates offers specialized CPA services tailored for a diverse range of nonprofit organizations. From charities and foundations to social service agencies and educational institutions, we provide comprehensive financial management solutions to support their missions effectively.

Why Choose SSL Associates for Your Nonprofit?

Compliance Assurance

Rely on us for thorough compliance with IRS regulations to provide you with peace of mind and avoid penalties.

Cost Savings

Our efficient processes and strategic approach help nonprofits save time and resources

Better Financial Transparency

We help nonprofits maintain transparency and accountability through accurate financial reporting.

Risk Management

Identify and mitigate financial risks to safeguard the organization's financial stability and reputation.

Board Support

Provide comprehensive financial information and support to board members for informed decision-making.

Hear from Our Clients

Seamus Naughton, Lake Shore Glass

5.0

As the owner-operator of a construction company, my hours are spent focusing on the operational aspects of our business. Managing our year-end financials was an unwelcome challenge that was a large drain on my time. Having SSL Associates, Ltd. freed me to focus my attention where it best served my company, and gave me peace of mind that our accounting would be done accurately, professionally, and on time. Their ability to work hand in hand with our accounting department allows us to tackle problems as they arise throughout the year to ensure all tax & financial reporting deliverables are free of any last-minute headaches.

Steve Brown, VP Business, Sabre Hockey Association

5.0

SSL Associates, Ltd. has been an invaluable resource for our youth hockey non-profit organization. Their team's expertise in tax compliance and financial reporting has been instrumental in ensuring transparency and accountability to our many families, donors and stakeholders. Their commitment to excellence and their deep understanding of the non-profit sector have made them an indispensable part of our success and a valued partner that we trust and rely on for their guidance.

Kristin Newell, Director of Finance and Administration, Evolution Soccer Club

5.0

When we started the not-for-profit youth travel soccer club, we quickly grew large enough that we are required to be audited by an independent accounting firm each year. We have used SSL Associates Ltd. for the past seven years and couldn’t be happier with their services. SSL also helped us make improvements to our Quickbooks so that the Audit is now very efficient. Their responsiveness and expertise in non-profit accounting has enabled our staff to stay focused on our mission of providing a competitive and positive learning environment to develop our players both on and off the field.

Mark Huelskoetter

5.0

SSL Associates has been a trusted advisor to Wenzak for many years. Their knowledge and valuable insights around tax and reporting impacts of business issues has helped us to navigate key decisions and stay focused on our core business. We greatly appreciate the personal approach and responsiveness of the entire team.

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Reach Out Today!

Ready to take the next step in optimizing your nonprofit's financial management? Reach out to our dedicated team at SSL Associates today by filling out the form below. Our team of experienced CPAs is here to answer your questions and discuss how we can tailor our services to meet your organization's needs.

1064 104th Street Suite 100, Naperville, Illinois 60564
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(630) 819-6040
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FAQs

How can your CPA services help our nonprofit organization demonstrate financial accountability to donors and stakeholders?

Our CPA services help nonprofit organizations demonstrate financial accountability to donors and stakeholders through several key avenues:

  1. Accurate financial reporting: We ensure that your financial statements accurately reflect the organization's financial position, activities, and performance. This transparency builds trust and confidence among donors and stakeholders.
  2. Compliance assurance: Our CPA services ensure that your nonprofit organization complies with relevant accounting standards, IRS regulations, and reporting requirements. This shows a commitment to integrity and adherence to legal and regulatory standards.
  3. Transparency in fund utilization: We provide clear and transparent reporting on how funds are utilized within the organization. Donors and stakeholders can see how their contributions are making a meaningful impact on the organization's mission and programs.
  4. Grant compliance: For nonprofits receiving grants, we ensure compliance with grant terms and reporting requirements. This demonstrates responsible stewardship of grant funds and enhances credibility with funding agencies and donors.
  5. Board oversight and governance: We review the governance practices within your nonprofit organization, presenting our findings to the Board of Directors. This results in effective oversight and accountability for financial decisions.
  6. Independent audit and review: Our CPA firm can conduct independent audits or reviews of your nonprofit organization's financial statements. This provides a third-party validation of financial integrity and accountability to enhance credibility with donors and stakeholders.

Overall, our CPA services help your nonprofit organization demonstrate a commitment to financial accountability, transparency, and integrity, which are essential for building and maintaining trust with donors, stakeholders, and the community.