Specializing in Nonprofit Accounting Services and Tax Compliance
At Johnson, Murphey, and Wright, we have a passion for working with those who serve others. We have focused our practice on nonprofit and governmental organizations. We currently work with various nonprofit and governmental agencies including; local governments, utility districst, schools, churches, and other 501c3 charitable organizations.
Nonprofit organizations face unique challenges that for-profit businesses do not, such as the annual submission of form 990, compliance with uniform guidance requirements and paying taxes on unrelated business income. That's why it pays to have a dedicated team of tax and accounting professionals on your side that specialize in nonprofit accounting and tax compliance.
Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.
The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So it's imperative that you build your accounting system around these revenue and expense classifications.
Here's what we do for you...