Non-Profit Accounting Based in Boston, MA
Accounting your organization can rely on
Choosing an audit and tax services firm for your nonprofit accounting needs is an important decision. For 35 years, our reputation in Boston, MA, for impeccable standards of ethics, audit and tax services has been the foundation of our success. It’s a reflection of our philosophy of taking our clients' responsibilities seriously and recognizing our obligation to consistently provide efficient and cost-effective services.
Check our record. PMN's not-for-profit accounting is routinely evaluated under professional standards to ensure the quality of our work. The AICPA makes reports publicly available in connection with PMN’s participation in the following AICPA peer review programs:
- National Peer Review Committee (formerly CPCAF PRP)
- Center for Audit Quality
- Employee Benefit Plan Audit Quality Center
- Governmental Audit Quality Center
- Private Companies Practice Section
Parent, McLaughlin & Nangle is a member of IGAF Polaris. Among the strongest associations of independent accounting firms in the world, IGAF Polaris is comprised of over 350 highly successful independent public accounting firms in over 85 countries. Formed from a merge in 2011, IGAF Polaris provides its independent member firms with tools and resources to help them furnish superior accounting, auditing, tax and management services to clients around the globe. Through IGAF Polaris, independent member firms offer the strength and capabilities of a large, worldwide organization with technical depth and geographic reach impossible for a local firm alone.
PMN's non-profit accounting, Boston, MA and around the state, has a proven track record over many years, which means that we can provide the reliability that your not-for-profit organization deserves.
Helping a Broad Range of Not-for-Profit Clients Fulfill Their Missions
Our mission is to help you achieve yours. We know that our success as professionals depends on the success of our clients. We also understand the complex rules and regulations that so often apply to not-for-profit organizations…often more onerous than that of the for-profit world, and yet met with fewer available resources.
PMN’s Not-For-Profit Services Group (offering not-for-profit accounting in Boston, MA and greater New England) is dedicated in maintaining the competencies required to serve a broad range of organizations. Our skilled professionals offer expertise to the following types of entities:
- Assisted living facilities
- Charitable entities and social welfare organizations
- Civic and community organizations
- Cultural organizations
- Educational and advocacy groups
- Elementary and secondary schools
- Family foundations and youth groups
- Healthcare and medical research organizations
- Housing and neighborhood associations
- Human service providers
- Museums, historic sites and libraries
- Private and community foundations
- Private philanthropic foundations
- Professional and fraternal associations
- Professional and trade associations
- Public and private social clubs
- Public housing
- Public interest organizations
- Religious organizations
- Research and related organizations
- Scientific societies and research organizations
- Veterans and other membership groups
Expert Not-for-Profit Accounting, Boston, MA-Based
As an experienced firm, PMN can help you maximize the efficiency of your operations and move you closer to your goals. As your Boston not-for-profit accounting and auditing partner, we'll know your business inside and out, enabling a thorough audit, accurate reporting, and the information you need to maintain regulatory compliance. With our dedicated specialists, we’ll help you leverage your audit to identify your organization’s strengths and weaknesses, plus we can assist with a wide variety of services to help you capitalize on the strengths, and rectify or mitigate any weaknesses.
PMN's not-for-profit accounting, in both our Boston and Raynham, MA offices, offers the following full suite of professional services for not-for-profit organizations
Auditing and Assurance Services
An accurate audit or attestation engagement can give you priceless insight, helping you improve your business strategy, management decisions, and internal controls. If your organization is subject to regulatory compliance, your audit may also be critical to uninterrupted funding. Our approach makes audits easier and more accurate - We ensure that you have the information you need to keep you compliant with regulations, and effectively produce the records and documentation necessary to satisfy professional auditing standards.
Not-for-Profit Audit and Assurance Services
- Audits, Reviews, and Compilations of Financial Statements
- Audits performed under Government Audit Standards (Yellowbook)
- Compliance Audits
- Audits performed under The Single Audit Act/OMB Circular A-133
- Program-Specific Audits under OMB Circular A-133
- Audits performed under the HUD Audit Guide requirements, REAC Reporting
- Audits performed under the NIH Grants Policy requirements
- Massachusetts Uniform Financial Report (UFR)
- Regulatory Agency Reporting
- Agreed Upon Procedures Engagements and Specialized/Contractual Reporting Requirements
- Internal Control audits and attestation engagements
- Cost allocation development and reviews (including compliance with OMB A-122)
Not-for-Profit Accounting: Tax and Information Return Preparation and Consultation
As you probably know, current information return reporting requirements administered by the Internal Revenue Service and state authorities require an unprecedented level of knowledge to ensure accurate and timely compliance. With so much at stake, your organization can’t afford to be anything but proactive in this regard. PMN will provide the expert advice and support you need to ensure compliance now and with regard to planned future activities and transactions.
Tax and Information Return Services
- State and Federal Exempt Organization Tax Returns
- Form 1023 exempt organization application
- Evaluation of transactional reporting requirements
- Tax planning and minimization of Unrelated Business Income Issues
- Excise and property tax exemptions
- Tax implications of e-Commerce
- Donor tax planning and deductions
- Maximizing usefulness of related entities and taxable subsidiaries
- Employee benefit plans
- Retirement planning
- Compensation and benefits analysis
- Intermediate sanctions safe harbor analysis
- Lobbying and political activity analysis
- Uncertain Tax Positions (FIN 48) consulting issues
Strategic Planning, Management and Advisory Services for Your Not-for-Profit Accounting Needs (Boston, MA and Beyond)
Consulting is a natural offshoot of the public accounting profession. It just makes sense to leverage the cost of your organization’s audit and assurance engagements to the fullest extent possible by drawing on the specialized skills your PMN audit team has to offer. Here’s a sample of some common services provided to our not-for-profit clients:
- Organizational and strategic planning
- Assistance to Boards of Directors in business and strategic planning
- Operational and cash flow projections
- Investment management policies
- Design and implementation of internal controls
- Documentation of internal controls
- Review of internal procedures, efficiency, and control
- Budgeting for future capital needs
- Structuring of employee compensation and benefit plans
- Application and implementation of accounting policies
- Assistance with regulatory relations
- Fraud prevention and investigations
- Reimbursement consulting
- Pension and employee benefit consulting
- Investment advisory services
- Recruitment of accounting staff, business managers and controllers
- Preparation, review and certification of cost reports
- Cost/benefit analysis
- Fair value assumptions
- Mergers and acquisitions
- Succession and business continuity planning
- Forecasts and projections
- Reserve analysis
- Key performance indicators
- Interim executive and accounting support
- Enterprise risk assessment
- Business segment analysis, restructuring
Information Technology Consulting Tailored to Not-for-Profit Accounting Issues
Because of the specialized nature of not-for-profit accounting reporting requirements and accounting policies, off-the-shelf accounting systems are rarely a viable option. In addition, personal information and privacy laws demand careful planning and ongoing maintenance to ensure continued compliance and to avoid costly penalties.
Our Boston, MA and Raynham, MA audit staff is trained to recognize and advise on such matters. For more specialized skills needed for services such as intrusion testing, our dedicated IT partners complement the team to provide the necessary expertise. A sample of commonly provided IT services is as follows:
- Information systems review and technology consulting
- Needs analysis
- Systems installations
- Staff training
- Systems integration
- Database design and administration
- Internal controls over information technology
- IT audits/SSAE16(SAS70) audits
- Intrusion testing
- Software evaluation
- Disaster recovery
Certified Not-for-Profit Professional Training Program (CNAP) in Boston, MA
As a testament to our dedication to the not-for-profit sector, PMN offers a unique training program called CNAP, which is a national initiative developed by member firms of the Not-for-Profit Services Association. The CNAP program provides participants with financial management and tax training and an opportunity to earn a designation as a Certified Not-for-Profit Professional.
For further inquiries contact:
Peter Dinsmore
pdinsmore@pmn.com
617.426.9440
Jim Kennedy
jkennedy@pmn.com
617.426.9440
