Leaf & Cole, LLP is a local firm with a prime focus on the nonprofit industry. Our experience provides us with a unique insight into the operational, economic and governance demands that nonprofit organizations encounter on a daily basis. We take pride in using the knowledge obtained from our various audit engagements, continuing education and community outreach to assist our clients with providing the most accurate financial information to its end users.
We understand that nonprofit organizations are looking for a firm that offers knowledgeable and consistent engagement staff. We invest in our engagement staff to ensure that our firm provides superior and cost-effective services to our clients. Our engagement staff completes over forty (40) hours of continued education annually of which more than half of those hours are related specifically to not-for-profit accounting and audit concepts and compliance with Uniform Guidance. Our engagement staff are members of industry associations and accounting related professional organizations.
Leaf & Cole, LLP currently provides accounting, auditing and tax preparation services to over one hundred not-for-profit entities including:
Performing Arts Organizations
Research and Development
Voluntary Health and Welfare
In addition, we perform Single Audits under Uniform Guidance and audits in accordance with Government Auditing Standards. Although Nonprofit Organizations are exempt from income taxes in general, the annual filing and compliance requirements are often more stringent than those required for taxable entities. Our team of tax experts are well-versed in the nuances of nonprofit tax compliance, including:
Unrelated Business Income
Lobbying or Political Activities