Non-Profit

As the largest regional CPA firm based in Connecticut, BlumShapiro provides accounting, auditing, tax and consulting services to over 180 non-profit/tax-exempt organizations, including human service agencies, educational institutions, community and private foundations and health and welfare service providers. Our services are as follows:

Audit Services

• Financial statement audits
• Federal single audits
• Federal and State single audits
• Internal auditing
• Employee benefit plan audits
• Fraud investigations
• Special audits
• Auditing/fiscal monitoring of delegate agencies (sub-recipients)

Tax Services

• Preparation of Federal forms 990/990Tand 990PF
• Preparation of State form PCUREG-01
• Application for exempt status (Forms 1023 and 1024)
• Preparation of Federal form 8734 (to affirm advance tax exempt determination)
• Representation in IRS audits
• Unrelated business and income tax (UBIT) planning
• Form 5500 reports

Consulting Services

• Review and evaluation of accounting controls, policies and procedures
• Internal audit function design and implementation
• Financial analysis and benchmarking
• Application for federal indirect cost rate
• CHEFA financing compliance assistance
• Mergers and acquisitions evaluation and implementation assistance
• Design of internal Board reports
• Representation at funding source audits or financial monitoring
• Interviewing and evaluation of finance employee candidates
• Temporary or permanent placement of finance employees
• General fundraising and capital campaign consulting (e.g. proper wording of appeal, accounting procedures)

Technology Consulting

• Accounting software selection and implementation
• Accounting system design (chart of account structure)
• Strategic Technology Planning
• Hardware Selection Security Assessment

· Newsletters
· Connecticut Association of Nonprofits (CAN)
· Connecticut Association of Nonprofit Providers for the Aging (CANPFA)