Empowering Not-for-Profits & Charities: Navigating Financial Waters with Confidence

Every dollar counts in the realm of not-for-profits and charities. These organizations are driven by a mission to positively impact society, but navigating the financial landscape can be challenging. At Axil Alliance CPA LLP, we understand the unique needs and challenges of not-for-profits and charities, and we’re here to provide tailored financial solutions that empower them to thrive.

The following are some of the major areas and challenges faced by the Charities and Not for profits:

  • Public money, Donations and other sources of income/revenue are involved, and they are required to devote their resources to charitable /not-for-profit purposes and activities
  • Charities specifically are required to issue complete and accurate donation receipts and provide the information related to donors and registered donee to CRA
  • These types of organizations are to file their annual T2 returns and T3010 (Information return in case of charities)
  • Most of the charities are required to submit their annual audited financial statements to CRA or the organization providing them with grant
  • The Grant provider also requires periodic audits or reviews to confirm that the grant is adequately utilized and that all the rules/compliance are adhered to.
  • Some of the not-for-profit organizations are required to keep separate funds and manage fund accounting.

Why Choose Us for Your Not-for-Profit or Charity:

  • Our team ensures that your organization remains compliant with all relevant laws and regulations, giving you peace of mind and allowing you to focus on your mission.
  • Our team specializes in providing comprehensive accounting and financial management services tailored to the needs of not-for-profits and charities. With years of experience in the sector, we understand the complexities and nuances of managing their finances.
  • We have specialists who work with us and can help you with the grant application and related filing documents and compliance
  • Transparency is key for not-for-profits and charities to maintain the trust of donors, stakeholders, and the public. We provide detailed financial reporting that meets all regulatory requirements, giving stakeholders confidence in your organization’s financial stewardship.

At Axil Alliance CPA LLP, we’re passionate about supporting not-for-profits and charities in achieving their missions. Whether you’re a small grassroots organization or a large established charity, we’re here to provide the financial expertise and support you need to positively impact the world. Contact us today to learn more about how we can help your organization thrive.