Beyond core accounting work, our firm offers extended value as an accounting service provider for not-for-profit entities. We differentiate ourselves from other firms because we truly understand your needs and how you operate—including day-to-day bookkeeping routines, fund accounting, and the need for orderly and accurate data on-demand.
Our team will serve as your “internal” accounting department to free you and your staff from the hassles of complex, time-intensive accounting tasks. This allows you to focus your time on managing and growing your not-for-profit business.
The tax-exempt industry has been our focus from the start. As a tenured professor at UNCW, Chuck Earney taught governmental and tax exempt accounting for nearly thirty years.
Tax-exempt entity board members and managers face situations that demand insight, technical knowledge, personnel skills, and regulatory expertise. These requirements are diverse and must be met despite limited time and often increasing expectations. Challenges such as these require knowledgeable and experienced individuals who can be used as resources to add insight and detailed information about the various complex financial situations that may arise within a community.
Earney & Company, L.L.P. has addressed this need in our services to tax exempt entities. The Earney team focuses on providing audit and tax services for tax exempt entities of all sizes. Our experience includes conducting audits in accordance with generally accepted auditing principles (GAAS) and preparing tax returns according to Internal Revenue Code.
The collective experience of the Earney professional team makes the firm the best knowledge pool for tax-exempt board members and professional managers. We have conducted seminars on tax exempt best practices for UNCW’s program QENO (Quality Enhancement for Nonprofit Organizations).
Our not-for-profit clients include:
We provide the following services:
We are committed to helping you achieve financial success within your dental practice. We understand the difficult balance of managing your practice and delivering high-quality patient care. Outsource your accounting duties...read more
Our firm understands that closely held and family owned businesses are unique and require specialized services. We measure our success by the personal relationships we have with businesses of all sizes...read more
Potential franchisees need metrics to analyze a purchase decision, uncover potential additional costs, and prepare to manage a business. Calculating the potential return on investment, growth & income potential are also crucial...read more
As a health care provider, you are tasked with promoting, maintaining, or restoring your patients’ health. You use your expertise, experience, and depth of care to help your patient...read more
Your homeowners association requires a trusted advisor qualified to support its unique tax and accounting needs. Our firm stays current on association developments and issues to ensure that you receive the highest quality service...read more
Respect, attention to the needs of your customer, details, and personal care are the order of the day for the hospitality industry. We have the same principles in approaching our relationship with you and your management team...read more
Earney & Company works with a diverse group of manufacturing and distribution clients. We provide traditional tax, accounting, and consulting services, but we also work with our clients to help them improve efficiencies, reduce costs, and ultimately increase their bottom line profitability...read more
Beyond core accounting work, our firm offers extended value as an accounting service provider for not-for-profit entities. We differentiate ourselves from other firms because we truly understand your needs and how you operate...read more
As 2019 came to an end, Congress passed two bills, which were then signed into law by the President. The “Consolidated Appropriations Act, 2020” and H.R. 1865, the “Further Consolidated Appropriations Act, 2020” are government funding bills that include numerous tax changes that directly affect taxpayers in past, current, and future tax years. The changes that are most likely to impact our clients are highlighted below.
The IRS and the FASB (Financial Accounting Standards Board) require non-profit corporations to present an analysis of their expenses – by function. That is, how is your organization using its resources? How much of your expenses are spent on “Management” versus “Program?” How much of your resources are used for “Fundraising” rather than “Program?” This type of analysis is required and useful for donors and lenders, but it is also a valuable tool for management.
Financial statements provide a picture, a snapshot, of the state of your organization at one point in time – generally your fiscal year end – and how well you managed your funds over that fiscal year.