Tax Services

Form 990 Return of organization exempt f

Layne R. McDaniel, CPA, LLC understands that nonprofit organizations do a great deal of good, not just within our communities, but also around the globe. We also understand that they face complex reporting requirements, rigorous grant applications and specialized tax laws that can make operating a nonprofit extremely challenging today.  Nonprofits have unique tax needs and are held to an extremely

high standard.  Additionally, their operations are under constant scrutiny by donors, the government, the media and the general public. Few areas are more misunderstood by both taxpayers and tax professionals than the tax reporting and recordkeeping requirements for nonprofit organizations.  Although nonprofits usually don’t pay taxes, they do prepare an annual informational return to showcase how they use their funds and fulfill their mission.

 

While most non-profit organizations are exempt from federal income taxes, there are exceptions to the rule. Layne R. McDaniel, CPA, LLC can guide your organization through the myriad of complicated and ever-changing tax laws, rules and regulations involved in getting your 501(c)(3) applications approved and maintaining your tax-exempt status, so you can focus on your important work. 

 

Layne R. McDaniel, CPA, LLC. understands the unique operational and financial challenges faced by the leaders of nonprofit organizations today. Let us help your nonprofit successfully navigate an evolving operational and regulatory environment. Layne R. McDaniel, CPA, LLC offers:

  • Preparation of tax returns, including Form 990, 990-EZ, 990-N, 990-PF, or 990-T).

  • Corporate formation and application for tax-exempt status

  • Tax planning and compliance

  • Payroll tax filing

  • Tax exempt planning concerning related entities

  • Property and sales and use tax preparation/consulting

  • Unrelated business income

  • Penalty abatement for late 990 forms

  • Unrelated business income tax reviews

  • Public charity status redetermination requests

  • IRS examination assistance

  • Mergers and acquisitions

  • Charitable solicitation registration and renewal

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Fill out our free consultation form, and we will reach out to you to see how Layne R. McDaniel, CPA, LLC can work with you to improve your finances, help with tax issues, and more.

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Volunteers Serving Food

Click the link below or call Layne R. McDaniel, CPA, LLC at 225.922.4746. to schedule an appointment to discuss how he can help your nonprofit organization save on expenses and tackle any financial hurdles that might impede your success. Layne R. McDaniel, CPA, LLC serves nonprofits of all sizes throughout the state of Louisiana.