Through extensive experience, our team of professionals specializing in the not-for-profit sector has a comprehensive understanding of the unique challenges and tax issues faced by not-for-profit organizations.  By keeping abreast of changes in accounting standards and reporting requirements, changes in tax laws and any changes in federal and state regulations, they are able to bring a high level of expertise and knowledge to each organization. 

The professionals within the firm’s Not-for-Profit group perform a variety of services for more than 70 public charities, private foundations and private operating foundations throughout Florida.

Our not-for-profit clients include:

• Arts and cultural organizations
• Human service organizations/social service agencies
• Private schools
• Museums
• Supporting organizations

Rachlin provides a wide range of services for not-for-profit organizations including:

• Audit, reviews and compilations of financial statements
• Compliance audits – OMB Circular A-133; Florida Single Audit; and Program Specific Audits
• Agreed-upon procedures engagements

• Consultation and preparation for application for tax exempt status
• Annual state and federal filings (Form 990,990-T, 990-PF, F-1120, etc.)
• Other regulatory filing compliance 
• Tax planning for excise tax and other complex issues
• Advice on formation, mergers, liquidations and unrelated business income tax
• Advice on other tax related issues including sales tax, payroll tax, property tax, etc. 

• Advice on accounting and bookkeeping issues, including establishing accounting and financial reporting systems
• Advice on adherence with Generally Accepted Accounting principles
• Evaluation of accounting systems, policies and procedures
• Strategic planning
• Board of directors governance training and best practices
• General business advisory services
• Forensic services

• System vulnerability studies
• IT compliance assessments
• Business continuity planning evaluations